New York (CNN Business) Disney is closing Disneyland and California Adventure, its theme parks in Anaheim, California, because of the coronavirus outbreak.

"While there have been no reported cases of COVID-19 at Disneyland Resort, after carefully reviewing the guidelines of the Governor of California's executive order and in the best interest of our guests and employees, we are proceeding with the closure of Disneyland Park and Disney California Adventure, beginning the morning of March 14 through the end of the month," a spokesperson for Disneyland Resort said in a statement.

Though the park will close Saturday, hotels at Disneyland Resort will remain open until Monday, March 16, "to give guests the ability to make necessary travel arrangements," the statement said.

"We will monitor the ongoing situation and follow the advice and guidance of federal and state officials and health agencies. Disney will continue to pay cast members during this time," the statement said.

The announcement added that it would work with guests who wish to change or cancel their visits and it will provide refunds during this closure period.

Read More