Category Archives: regal

Regal buys Hollywood Theaters for $191M

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The biggest movie theater operator in the U.S. just got
bigger. Knoxville-based Regal Entertainment Group said today it has acquired
Hollywood Theaters for $191 million in cash and $47 million in assumed leased
obligations.

The cash payment includes paying off approximately $157
million in Hollywood Theater’s debt.

The deal adds 43 theaters with 513 screens to Regal’s
existing portfolio.

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