2 MN Movie Theaters Sold; Get Upgrades and Liquor
Florida-based theater chain Paragon Theaters will bring new amenities and upgrades to two Minnesota theaters that it recently agreed to purchase-the Atlantis 15 in Burnsville and the Chateau 14 in Rochester.
Financial terms of the deal were not disclosed. Both theaters will be closed while upgrades are being made and training takes place for staff members.
The Atlantis, which will be renamed the Odyssey, is scheduled to reopen in mid-February. Upgrades to the theater include a VIP premier seating area for those 21 and over and a bar and lounge with small-plate food offerings.
The Chateau will also get a bar and expanded food offerings. In addition, the lobby will be renovated. The theater is scheduled to reopen in late February or early March.
Both theaters will be outfitted with Sony 4K digital projection-making them the only all-Sony 4K HD theaters in the Minneapolis and Rochester marketplace, according to Paragon.
“We want to deliver a unique movie going experience to the residents of Minneapolis and Rochester,” Michael Whalen, CEO of Paragon, said in a statement. “They deserve the latest technology in picture and sound quality, amenities not typically found in the existing theaters in the marketplace, and the best possible customer service.”
In addition to the recently purchased theaters, Paragon owns two others, one in Fredericksburg, Virginia, and other in Miami.
St. Michael-based Midwest Theatres Corporation previously owned the theaters-along with seven other theaters in Minnesota and in the Midwest. The company filed for Chapter 11 bankruptcy in September 2010, listing assets of $9.4 million and liabilities of $10.7 million.