The present invention is a system for and method of performing disk migration in a virtual machine environment. The present invention provides a means for quickly and easily migrating a virtual machine from one host to another and, thus, improving flexibility and efficiency in a virtual machine environment for “load balancing” systems, performing hardware or software upgrades, handling disaster recovery, and so on. Certain of these embodiments are specifically directed to providing a mechanism for migrating the disk state along with the device and memory states, wherein the disk data resides in a remotely located storage device that is common to multiple host computer systems in a virtual machine environment. The virtual machine migration process of the present invention, which includes disk data migration, occurs without the user's awareness and, therefore, without the user's experiencing any noticeable interruption.