Hong Kong Disneyland has announced plans for its third and largest resort hotel after generating healthy profits for a second consecutive year.

Disney and Hong Kong, which share ownership of the theme park and resort, aim to finish construction on the hotel in 2017.

The new 750-bedroom hotel is set to open in the same year at an estimated cost of HK$4.3bn (US$550m, £399.6m). It will be themed on "exotic locations around the world," and will bring the room count in the park up to 1,750.

In 2013, guest count at the park was up to 7.4 million, with Hong Kong Disneyland's figures for the fiscal year that ended in September 2013 revealing a profit of HK$242m (€22.6m £18.6m), more than double that of the previous 12 months’ HK$109m (€10.2m, £8.4m) profit.

Attendance at the park, which was once lacking owing to few attractions, was countered with an aggressive expansion drive, culminating in the debut of the park’s Mystic Manor.

The park saw a 1 per cent increase in visitors from mainland China and a 27 per cent increase in visitors from Korea. Hong Kong Disneyland is also adding an Iron Man-themed attraction and has hinted at more Marvel-themed attractions to come soon.