This made Disney finally the owners of the Disneyland Hotel, and several acres of nearby land, but it also gave the company the lease to the Queen Mary and the Spruce Goose, which were on display in nearby Long Beach, CA, where the Wrather company also owned the rights to develop over 200 acres near the Port of Long Beach.
The Disneyland Hotel was such a success that when Walt made offers to purchase the hotel from Jack Wrather years later, Wrather refused to sell.
When Michael Eisner became CEO of Disney in 1984, he wanted to purchase the hotel too, but Wrather still wouldn’t sell.
After that happened, Disney didn’t simply buy the Disneyland Hotel, but the entire Wrather Company.