Perhaps a few early omens should have raised some cautions. Between 1987 and 1991, three $150 million amusement parks had opened in France with great fallen flat, and by 1991 two were in bankruptcy. Now Walt Disney Company was finalizing its plans to open Europe's first Disneyland early in 1992. This would turn out to be a S4.4 billion enterprise sprawling over 5.000 acres 20 miles east of Paris, Initially it would have six hotels and 5,200 rooms, more rooms than the entire city of Cannes, and lodging was expected to triple a few years as Disney opened a second theme park to keep visitors at the in resort longer.