Santikos Expands Presence With Acquisition Of The Grand Theatres And AmStar Cinemas From VSS-Southern Theatres

Santikos, a San Antonio-based theater operator, has expanded its presence across eight states by acquiring The Grand Theatres and AmStar Cinemas from VSS-Southern Theatres. With this acquisition, Santikos now operates 17 theaters and over 250 screens, solidifying its position as the eighth-largest theater operator in North America.

Summary of transaction details

• Property Type: Commercial
• Buyer: Santikos - Tim Handren
• Seller: VSS-Southern Theatres LLC
• Market: Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas

This acquisition allows Santikos to extend its reach and establish a stronger presence in the theater market. It showcases their commitment to growth and expansion, with the addition of 17 theaters and over 250 screens. Santikos' move positions them as one of the leading theater operators in North America, further solidifying their reputation and influence in the industry.