Gerard Way announced at the 2009 San Diego Comic Con that the third series would be entitled The Umbrella Academy: Hotel Oblivion. It is hinted that this could be the return of Dr. Terminal, as referenced by Spaceboy saying "no one could escape from the Hotel" in The Umbrella Academy: Apocalypse Suite issue #3. Dark Horse originally announced that Hotel Oblivion would be released sometime during 2010 but this did not transpire.
Whatculture.com included Hotel Oblivion in its list of comics to look forward to in 2012, though the comic was not released in that year either. In an interview with Newsarama that same year at New York Comic Con, Way revealed that he was writing issue 1.
In June 2013 Gerard Way composed a tweet about the certainty of The Umbrella Academy's future, stating that it would be a "really long time" before a release of Hotel Oblivion, as he planned to move away from comics "indefinitely" once the Killjoys series is complete in order to focus his attention on his musical career. He stated in the conversation following his tweet that he would return to comics "when it's right." However, in December 2013 Way composed several tweets saying that he and Gabriel Bá would be working on both Hotel Oblivion and the fourth instalment of The Umbrella Academy during 2014. In June 2015 he tweeted that he was still actively writing the new series.
On July 21, 2017, Dark Horse announced that Hotel Oblivion will be released in 2018. Gerard Way and Gabriel Bá would be returning.