Disneyland Paris is an entertainment resort in Chessy, France, east of Paris. It encompasses two theme parks, resort hotels, Disney Nature Resorts, a shopping, dining and entertainment complex, and a golf course. Disneyland Park is the original theme park of the complex, opening in 1992. A second theme park, Walt Disney Studios Park, opened in 2002. Disneyland Paris celebrated its 30th anniversary in 2022; by then 320 million people had visited, making it the most visited theme park in Europe. It is the second Disney park outside the United States, following the opening of the Tokyo Disney Resort in 1983, and the largest. Disneyland Paris is also the only Disney resort outside of the United States to be completely owned by The Walt Disney Company. It includes 7 hotels: Santa Fe, Hotel Cheyenne, Sequoia Lodge, Newport Bay Club, Hotel New York - the Art of Marvel, The Disneyland Hotel, and Davy Crockett Ranch. Ownership Walt Disney announced a €1 billion ($1.25 billion) bailout plan to rescue its subsidiary Disneyland Paris, the Financial Times reported on 6 October 2014. The park is burdened by its debt, which is calculated at about €1.75 billion ($2.20 billion) and roughly 15 times its gross average earnings. Until June 2017, Disney only held a minority stake in the resort. In 2017, The Walt Disney Company offered an informal takeover of Euro Disney S.C.A., buying 9% of the company from Kingdom Holding and an open offer of 2 euros per share for the remaining stock. This brought The Walt Disney Company's total ownership to 85.7%. The Walt Disney company will also invest an additional 1.5 billion euros to strengthen the company. On 19 June 2017 Disney completed a tender offer to own over 97% of Euro Disney and then implemented a full buyout of the shares they did not already own. History Seeking a location for a European resort Following the success of Disneyland in California, plans to build a similar theme park in Europe emerged in 1966 with sites in Frankfurt, Paris, London or Milan under consideration. Under the leadership of E. Cardon Walker, Tokyo Disneyland opened in 1983 in Japan with instant success, forming a catalyst for international expansion. In late 1984 the heads of Disney's theme park division, Dick Nunis and Jim Cora, presented a list of approximately 1,200 possible European locations for the park. Britain, France, Italy and Spain were all considered.