Walt Disney Parks and Resorts merged with Disney Consumer Products and Interactive Media segments into Walt Disney Parks, Experiences and Consumer Products. Parks and Resorts chairman Bob Chapek was named chairman of this new segment, who also previously served as head of Disney Consumer Products. Disneyland was founded as a single park by Walt Disney and opened on July 17, 1955, in Anaheim, California. Disneyland Hotel opened to the public on October 5, 1955. In 2001, the site expanded significantly and was renamed the Disneyland Resort with the opening of Disney California Adventure Park on February 8, 2001, Disney's Grand Californian Hotel & Spa on
Disney California Adventure parking lot of Disneyland for over 40 years. After succeeding with the multi-park business model at Walt Disney World in Florida, the Disney company decided to turn Walt Disney's original theme park into a multi-park resort complex as well. In 1991, Disney announced plans to build WestCOT, a west coast version of what was then known as EPCOT Center, on the site of Disneyland's parking lot. The high price tag of the proposed park as well as the company's financial and public relations problems with the newly opened Euro Disneyland (now Disneyland Paris) led Disney to cancel WestCOT in 1995.