AGL Capital Investments last year quietly took the controlling interest in the nine-theater Colorado Cinema chain.
AGL is the investment arm of Denver-based Amstar Group, which controls about $750 million in mostly class-A office buildings, hotels and retail outlets across the US.
''AGL makes investments in companies that are related to our primary investments in real estate,'' Ken Glickstein, principal of AGL, explains to GlobeSt.com. ''We use AGL as a vehicle to leverage our expertise in commercial real estate.''
One of them is Colorado Cinema Holdings, where six of the theaters in the Denver area were part of the Mann Theatre chain that filed for bankruptcy.
Two of the theaters recently saw a multi-million-dollar makeover that includes new stadium seating and state-of-the-art sound systems.
And it's seating with a twist, says Hayden Silleck, president of Colorado Cinema. The ''rocker seats'' provide better views of the screens and are more comfortable than most stadium seats because they are on a flat surface rather than on a sloped surface, he says.
The two theaters that were refurbished were the Olde Town 14 in Arvada and the Bowles Crossing 12 in Jefferson County.
AGL's timing couldn't have been better. The theaters opened just in time to welcome children and adults to the new Harry Potter movie.
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