{"id":1004133896,"date":"2015-12-18T08:01:31","date_gmt":"2015-12-18T16:01:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004133896"},"modified":"2020-04-12T23:27:37","modified_gmt":"2020-04-13T07:27:37","slug":"starplex-changes-hands-in-175m-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/starplex-changes-hands-in-175m-deal\/","title":{"rendered":"Starplex Changes Hands in $175M Deal"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

DALLAS\u2014In a $175 million deal, Starplex Cinemas<\/a> recently changed ownership to AMC Entertainment Holdings Inc<\/a>. Starplex Cinemas\u2019 prior owner was Dallas-based private equity firm Trinity Hunt Partners<\/a>.<\/p>\n

\"Starplex<\/a>

Starplex Cinema<\/p><\/div>\n

Peter J. Solomon Co.<\/a> advised Starplex on the transaction. The sale and purchase agreement was originally announced in July 2015 and has now been approved by the Department of Justice.<\/p>\n

Trinity Hunt partnered with the Starplex Cinemas\u2019 management team in 2012, when the firm completed a merger of former portfolio company, ShowPlex Cinemas, and Starplex to position the new company for growth. The companies executed a strategic growth plan that resulted in revenues and theatre-level cash flow growth of greater than 45 percent through the addition of five new locations and remodeling of select existing locations. At the time of the sale, Starplex Cinemas operated 33 movie theatres with 346 screens in 12 states.<\/p>\n

\u201cWe have always strived to provide an exceptional entertainment experience for our customers through luxurious amenities and unmatched customer service,\u201d said Steve Holmes, CEO of Starplex Cinemas\u00a0in a prepared statement. \u201cBy partnering with Trinity Hunt, we were able to expand our offerings and geographical reach by opening additional theatres throughout the country.\u201d<\/p>\n

Image courtesy of Texas Cinema<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The theatrical exhibition company Starplex Cinemas recently sold to AMC Entertainment Holdings. <\/p>\n","protected":false},"author":735,"featured_media":1004133911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,1586,21743,21742,21749],"tags":[],"class_list":["post-1004133896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-dallas","category-deals","category-latest","category-retail"],"acf":[],"yoast_head":"\nStarplex Changes Hands in $175M Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/starplex-changes-hands-in-175m-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Starplex Changes Hands in $175M Deal\" \/>\n<meta property=\"og:description\" content=\"The theatrical exhibition company Starplex Cinemas recently sold to AMC Entertainment Holdings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/starplex-changes-hands-in-175m-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-12-18T16:01:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-13T07:27:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/Starplex-Cinema.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"611\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starplex-changes-hands-in-175m-deal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starplex-changes-hands-in-175m-deal\\\/\"},\"author\":{\"name\":\"Adelina Osan\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"headline\":\"Starplex Changes Hands in $175M Deal\",\"datePublished\":\"2015-12-18T16:01:31+00:00\",\"dateModified\":\"2020-04-13T07:27:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starplex-changes-hands-in-175m-deal\\\/\"},\"wordCount\":213,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starplex-changes-hands-in-175m-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/12\\\/Starplex-Cinema.png\",\"articleSection\":[\"Corporate Real Estate\",\"Dallas\",\"Deals\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starplex-changes-hands-in-175m-deal\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starplex-changes-hands-in-175m-deal\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starplex-changes-hands-in-175m-deal\\\/\",\"name\":\"Starplex Changes Hands in $175M Deal - 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