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Illinois-based Kerasotes ShowPlace Theatres announced earlier in February that they were acquiring Colorodo Cinemas, effective tomorrow, March 2, 2007.
See the Press Release below for a list of the affected theaters.
(Chicago, IL – February 7, 2007) Kerasotes ShowPlace Theatres, LLC announces the acquisition of Colorado Cinemas effective March 2, 2007. Prior to this transaction, Kerasotes ShowPlace Theatres, LLC held a minority position in the Aurora, Colorado based Colorado Cinemas. Along with its partner, Providence Equity Partners, Kerasotes ShowPlace Theatres, LLC will purchase the rest of the company. With 11 theatres and 125 screens, Colorado Cinemas is the largest film exhibitor in Colorado and operates the following locations along the Front Range of the Rocky Mountains:
- Bergen Park 7 – 1204 Bergen Parkway, Evergreen, CO 80439
- Brighton Pavillions Stadium 12 – 250 Pavillions Place, Brighton, CO 80601
- Bowles Crossing 12 – 8035 W. Bowles Avenue, Littleton, CO 80123
- Castle Rock Stadium 12 – 3960 Limelight Avenue, Castle Rock, CO 80109
- Cherry Creek 8 – 3000 E. 1st Avenue (in Cherry Creek Shopping Center), Denver, CO 80206
- Chinese 16 at Arapahoe Crossing – 6696 S. Parker Road, Aurora, CO 80016
- Cinema Saver 6 – 2525 Worthington Circle, Fort Collins, CO 80526
- Colony Square 12 – 1164 Dillon Road, Louisville, CO 80027
- Old Town 14 – 5550 Wadsworth Boulevard, Arvada, CO 80002
- Southlands Stadium 16 – 23955 East Plaza Avenue, Aurora, CO 80016
- 20 Mile Village 10 – 18625 E. Stage Run Road, Parker, CO 80134
After the purchase, corporate functions for the theatres will be managed from Chicago headquarters of Kerasotes ShowPlace Theatres, LLC. “We are very happy to be expanding our company into the vibrant Colorado market. Colorado Cinemas has excellent theatres in the Denver metro area and Fort Collins. We are pleased to welcome the staffs of those theatres to the Kerasotes family and look forward to serving their loyal customers” said Dean Kerasotes, Chief Operating Officer.
Chicago based Kerasotes ShowPlace Theatres, LLC was founded in 1909 when Gus Kerasotes opened his first nickelodeon, the Royal, in Springfield, Illinois. Louis and Nicholas, Gus’ sons, later led the business as Kerasotes Theatres grew to a Midwestern regional company by the 1960’s. Today, Kerasotes ShowPlace Theatres, LLC is principally managed by third generation family, Tony and Dean Kerasotes, who have directed the company’s aggressive growth since 1985 to become the 6th largest film exhibitor in the nation. After this acquisition, Kerasotes ShowPlace Theatres, LLC will operate 94 theatres with 838 screens in Colorado, Illinois, Indiana, Iowa, Minnesota, Missouri, and Ohio.
Source: Kerasotes Press Release
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