It is Santikos’ first major acquisition and has been in the works since 2018. “And we may not be done,” said Santikos CEO Tim Handren.
Santikos will acquire The Grand Theatres and AmStar Cinemas, expanding the San Antonio movie theater chain to locations in Louisiana, Mississippi, Alabama, Georgia, Florida, North Carolina and South Carolina.Santikos Theaters will expand from 121 screens in San Antonio and New Braunfels to 377 screens in seven states across the Southeast with the purchase of 17 new theaters, the company announced Thursday.Success! You're on the list.
The theater chain founded in San Antonio in 1911 will acquire The Grand Theatres and AmStar Cinemas from New Orleans-based VSS-Southern Theatres LLC, making Santikos the eighth largest theater chain in North America. “And we may not be done,” said Santikos CEO Tim Handren, who was in New Orleans Thursday meeting with the leadership team of AmStar Cinemas and Grand Theatres.
Santikos has returned to pre-pandemic visitor numbers, Handren said, and said those figures are outpacing the country as whole. He attributed that to Santikos delivering “a great experience,” but credited San Antonio with being a town full of movie lovers.John Santikos
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