AMC Theatres® Acquires and Will Reopen Chicago Area Movie Theatre, Evanston 12
Summary
AMC remains in active discussions with other property owners regarding additional currently closed locations. Formally Evanston 18, six of the screens and restaurant space are being closed by GW Properties and renovated for non-theatre use. Adam Aron, Chairman and CEO of AMC, commented: “This constitutes our third announcement of a major market acquisition in the last two months, including the second acquisition announcement for a theatre in the Chicago metropolitan area, which remains a strong moviegoing market for AMC. Our initial recent results encourage us to keep going, given that our mid-2021 acquisitions of AMC The Grove 14 and AMC Americana at Brand 18, both in the Los Angeles market, continue to rank among the 30 highest grossing movie theatres in the entire United States since joining up with AMC.” Mitch Goltz, Principal and Co-Founder of GW Properties, commented: "We are excited to welcome AMC Theatres into this important project in the heart of Evanston and bring patrons back to the theatres who have eagerly been awaiting its return to the community." AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming.