Disney's new Hawaiian hotel hits a snag

Walt Disney Co. said it was updating registration materials for a time share in Hawaii where executives were fired Friday for setting fees too low. A spokeswoman for the company, Rena Langley, said the documentation, which will be processed by the state government, would be filed this week, the Orlando, Fla., Sentinel reported Tuesday. The changes involve "adjustments to our annual dues forecast for Aulani," Langley said. Disney dismissed three executives, including Jim Lewis, president of Disney Vacation Club, without severance pay and has halted time share sales at the hotel that is scheduled to open Aug. 29 on the island of Oahu. More than half of the 819 rooms in the $850 million hotel were set aside as time shares, with the remainder set up as standard hotel rooms. Disney also said the miscalculated maintenance fee was not intentional. Lewis, who has been at Disney since 1996 and began managing Disney Vacation Club in 2003, did not return phone call requests for comment. Jim Heaney, former senior vice president and chief financial officer of Disney Cruise Line and travel operations, who was fired Friday said, "I am very proud of my accomplishments and how I conducted business during my 16-plus years with Disney." "I am bewildered by the company's decision," he said.