According to the Hollywood Reporter, "The Hangover Part III" will hit theaters on May 24, 2013 and will be the final chapter in the trilogy.
THR sat down with "Hangover" director Todd Phillips to talk about "Part III":
"We're going to surprise a lot of people with the final chapter we have planned," Phillips said. "It will be a fitting conclusion to our three-part opera of mayhem, despair and bad decisions."
Additional good news came from the interview as Phillips confirmed that stars Bradley Cooper, Ed Helms and Zack Galafianakis are all on board for "Part III."
Rumors have "Part III" being set in Los Angeles and deviating from the premise of the first two films.