{"id":70529,"date":"2019-07-29T11:38:00","date_gmt":"2019-07-26T23:14:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-cinepolis-acquires-moviehouse-eatery-to-grow-dine-in-theatre-presence-in-the-united-states\/"},"modified":"2019-07-29T11:39:01","modified_gmt":"2019-07-29T15:39:01","slug":"cinepolis-adquiere-moviehouse-eatery-para-ampliar-la-presencia-de-los-cines-con-restaurante-en-estados-unidos","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/cinepolis-adquiere-moviehouse-eatery-para-ampliar-la-presencia-de-los-cines-con-restaurante-en-estados-unidos\/","title":{"rendered":"Cin\u00e9polis Acquires Moviehouse &amp; Eatery to Grow Dine-In Theatre Presence in the United States"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">July 26, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0<b>Cin\u00e9polis, <\/b>the 2<sup>nd<\/sup> largest cinema operator in the world in terms of moviegoers, has announced the acquisition of <b>Moviehouse &amp; Eatery<\/b>,\u00a0an upscale dine-in movie theatre circuit in <span class=\"xn-location\">Texas<\/span> with 5 operating locations and one under construction. As of the completion of the transaction, Cin\u00e9polis operates 258 screens at 26 locations in 7 states in <span class=\"xn-location\">the United States<\/span>.<\/p>\n<div id=\"prni_dvprnejpg1cealeft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg1cealeft\" title=\"Cinepolis Lobby, New York City\" border=\"0\" alt=\"Cinepolis Lobby, New York City\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/952892\/Cinepolis_Chelsea_New_York_Lobby.jpg\"\/><\/div>\n<p>Cin\u00e9polis, a powerhouse in global cinema with almost five decades of operating experience, currently operates 5,941 screens across 738 cinemas, with presence in 17 countries, entertaining over 338 million patrons annually.<\/p>\n<p><b>Alejandro Ram\u00edrez Maga\u00f1a, Chief Executive Officer of Cin\u00e9polis<\/b>\u00a0said, &#8220;We are fully committed to bring our global expertise to the U.S. market. This is a strategic transaction that will help us expand and strengthen our best-in-class luxury offer in this market and around the world.&#8221;<\/p>\n<p><b>Arturo L\u00f3pez Mart\u00edn, Chief Investment Officer of Cin\u00e9polis<\/b>, said, &#8220;Cin\u00e9polis is the premier luxury player in <span class=\"xn-location\">the United States<\/span> and across the globe. We are truly excited about the prospects of this transaction, as we continue to invest in the potential of differentiated moviegoing experiences.&#8221;<\/p>\n<p><b>Moviehouse &amp; Eatery co-founder <span class=\"xn-person\">Leslie Sloan<\/span><\/b>\u00a0said, &#8220;Cin\u00e9polis shares the same high standards that we maintain at Moviehouse &amp; Eatery and it is the perfect company to take Moviehouse to the next level. We are excited that Cin\u00e9polis will expand the Moviehouse experience to people all across the country.&#8221; <b>Moviehouse &amp; Eatery co-founder <span class=\"xn-person\">Rodney Speaks<\/span><\/b> added, &#8220;Cin\u00e9polis provides our Moviehouse &amp; Eatery employees the opportunity to grow with a global exhibitor.&#8221; Speaks and Sloan, originally real estate developers before venturing into the dine-in theater business, intend to continue working with Cin\u00e9polis to develop new theater sites in <span class=\"xn-location\">the United States<\/span>.<\/p>\n<p>Since the opening of its first theatre in 2012, Moviehouse &amp; Eatery has quickly become one of the leading upscale dine-in theatre operators in <span class=\"xn-location\">Texas<\/span> with 5 theatres and 47 screens in the <span class=\"xn-location\">Austin<\/span> and <span class=\"xn-location\">Dallas<\/span> metropolitan areas, appealing to an affluent, family-oriented demographic. Each location offers scratch-made food and plush recliner seating, as well as full bar and dine-in service using call button technology. Moviehouse &amp; Eatery also offers premium large format auditoriums, &#8220;Bighouse&#8221;, in 3 theatres and luxurious dining lounges in all locations. Moviehouse &amp; Eatery is poised for continued growth, with a sixth theatre under construction in <span class=\"xn-location\">the Woodlands<\/span> suburb of <span class=\"xn-location\">Houston<\/span> that is expected to open in <span class=\"xn-chron\">November 2019<\/span>.<\/p>\n<p>Effective immediately, the acquisition expands Cin\u00e9polis <span class=\"xn-location\">USA&#8217;s<\/span> footprint, with no immediate plans to make any operational or guest-facing changes to the Moviehouse &amp; Eatery brand.\u00a0 Moviehouse &amp; Eatery will continue to operate independently until further notice and retain all existing employees, programs and scheduled events. Moviehouse &amp; Eatery brings excellent talent, outstanding service and highly complementary strengths to Cin\u00e9polis, enhancing its ability to offer a premium experience to its guests and to create substantial value to its shareholders.<\/p>\n<p>Dechert LLP is serving as legal counsel to Cin\u00e9polis. PJ SOLOMON is serving as financial advisor and Hightower and Associates is serving as legal counsel to Moviehouse &amp; Eatery.<\/p>\n<p><b><u>About Cin\u00e9polis<\/u><\/b> <\/p>\n<p>Cin\u00e9polis was founded in <span class=\"xn-location\">Mexico<\/span> in 1971. Today, it has positioned itself as the world&#8217;s 2nd largest movie theater circuit in terms of attendance. Operating 738 cinema complexes with 5,941 screens, Cin\u00e9polis entertains over 338 million moviegoers annually in 17 countries worldwide.\u00a0 Cin\u00e9polis has recently entered the Indonesian market as well. It was the first cinema exhibitor in the world to pioneer the concept of luxury movie theaters, establishing the first luxury theater experience in 1999 in <span class=\"xn-location\">Mexico City<\/span>. Cin\u00e9polis aspires to provide its guests with the best overall experience in film entertainment and employs a global workforce of over 43,000 people to support its mission. <\/p>\n<div id=\"prni_dvprnejpg3f62left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg3f62left\" title=\"Moviehouse &amp; Eatery Exterior\" border=\"0\" alt=\"Moviehouse &amp; Eatery Exterior\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/952893\/Moviehouse_Eatery_Exterior_Cinepolis_Luxury_Cinemas.jpg\"\/><\/div>\n<p>\u00a0<\/p>\n<div id=\"prni_dvprnejpg4f7eleft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg4f7eleft\" title=\"Cin\u00e9polis USA Luxury Cinemas Theater\" border=\"0\" alt=\"Cin\u00e9polis USA Luxury Cinemas Theater\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/952891\/Cin_polis_USA_Luxury_Cinemas_Theater.jpg\"\/><\/div>\n<p>\u00a0<\/p>\n<div id=\"prni_dvprnejpg201aleft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg201aleft\" title=\"Cin\u00e9polis Luxury Cinemas Logo\" border=\"0\" alt=\"Cin\u00e9polis Luxury Cinemas Logo\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/952890\/Cinepolis_Luxury_Cinemas_Logo.jpg\"\/><\/div>\n<p>Photo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2536375-1&amp;h=2465667345&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F952892%2FCinepolis_Chelsea_New_York_Lobby.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F952892%2FCinepolis_Chelsea_New_York_Lobby.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/952892\/Cinepolis_Chelsea_New_York_Lobby.jpg<\/a>\u00a0<br \/>Photo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2536375-1&amp;h=3462141432&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F952893%2FMoviehouse_Eatery_Exterior_Cinepolis_Luxury_Cinemas.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F952893%2FMoviehouse_Eatery_Exterior_Cinepolis_Luxury_Cinemas.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/952893\/Moviehouse_Eatery_Exterior_Cinepolis_Luxury_Cinemas.jpg<\/a>\u00a0<br \/>Photo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2536375-1&amp;h=878167647&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F952891%2FCin_polis_USA_Luxury_Cinemas_Theater.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F952891%2FCin_polis_USA_Luxury_Cinemas_Theater.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/952891\/Cin_polis_USA_Luxury_Cinemas_Theater.jpg<\/a>\u00a0<br \/>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2536375-1&amp;h=3437850766&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F952890%2FCinepolis_Luxury_Cinemas_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F952890%2FCinepolis_Luxury_Cinemas_Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/952890\/Cinepolis_Luxury_Cinemas_Logo.jpg<\/a>\u00a0<\/p>\n<p>SOURCE  Cin\u00e9polis Luxury Cinemas<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">July 26, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0<b>Cin\u00e9polis, <\/b>the 2<sup>nd<\/sup> largest cinema operator in the world in terms of moviegoers, has announced the acquisition of <b>Moviehouse &amp; Eatery<\/b>,\u00a0an upscale dine-in movie theatre circuit in <span class=\"xn-location\">Texas<\/span> with 5 operating locations and one under construction. As of the completion of the transaction, Cin\u00e9polis operates 258 screens at 26 locations in 7 states in <span class=\"xn-location\">the United&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-70529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entretenimiento"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/70529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=70529"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/70529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/70530"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=70529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=70529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=70529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}