"With the addition of the AMC Hoffman 22 theatre, our real estate portfolio of 37 megaplex theatres and related entertainment and leisure properties now includes over 20% of the top 100 best-performing theatres in the United States," boasts Entertainment Properties CFO Frend Kennon. "The Hoffman purchase raises our year-to-date acquisition volume to $168 million in 11 megaplex theatre properties."
Almost since its debut early last summer, the Hoffman 22 has been a leading theater in the Washington Metro region and currently ranks among the top 50 best-performing movie houses in the nation. American Multi-Cinema Inc. leases the space under a long-term arrangement.
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