ORLANDO-Following a sharp attendance decline, General Cinema Theaters Inc. today is closing four local theaters and seven properties in other Florida locations. The theaters represent 28 out of 350 first-run screens in metro Orlando.
The properties are Colonial Promenade 6 at 4672 E. Colonial Drive, Fashion Square 6 at 3710 Maguire Blvd., Altamonte 8 at Renaissance Centre, 303 E. Altamonte Drive, Altamonte Springs and Lake Mary Centre 8 at 3851 Lake Emma Rd.
In March, General Cinema closed its General Cinemas I-II at the Altamonte Mall. GC Cos. of Chestnut Hill, MA, a New York Stock Exchange-traded firm, is General Cinema's parent. GC has so far held off filing for involuntary protection from creditors under the US Bankruptcy Code.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.