Why, anywhere he wants to, of course.
And if he should happen to want to sleep inside a movie theater, it would appear that he can sleep for 3 hours at a time. That's the current length of Peter Jackson's version of King Kong. And Universal is getting a little worried. A movie theater can show a 3-hour movie about half as many times during a day as it could a 1 1/2-hour movie, and since they'd charge the same admission price for each, they'd end up with half the revenue. And since movie studios now try to have huge opening weekends - aiming for half their total ticket sales on the opening weekend - cutting the number of showings in half will go against that strategy.
Still, if anyone can successfully make a long, special-effects movie that people will want to go see long after the opening weekend, you'd think Peter Jackson would be the one. The Lord of the Rings trilogy was certainly no slouch at the box office.
And for comparison, the 1933 version (with Fay Wray) ran 100 minutes, and the 1976 version (the one with, yeah, I can't remember either) ran 134 minutes.
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