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
Walt Disney Studios Park by the Earffel Tower, a water tower similar to one that was installed at the Walt Disney Studios lot in Burbank, California. On February 27 2018, Bob Iger announced a Transformative Multi Year Expansion, opening in phases from 2021 to 2025, which will completely transform the park. The cost of this expansion is 2 billion euro. It will feature new Marvel, Star Wars and Frozen themed areas, all surrounding a new man-made lake. Initial plans for a second theme park, named Disney-MGM Studios Europe or Disney-MGM Studios Paris, were scheduled to open in 1996, though these plans were cancelled around