Nearly-new all-digital quad theater up for auction

posted by Michael Zoldessy on July 30, 2012 at 7:50 am

ALVARADO, TX — It’s not very often that such a brand new property is on the market. The former Reel Grill Cinema & Tavern is up for auction with open houses scheduled this week and later next month.

Read more in Market Watch.

Comments (3)

CSWalczak on July 30, 2012 at 8:19 am

Pictures and other information, especially for potential bidders, is here.

John Fink
John Fink on July 30, 2012 at 9:51 pm

So what’s the deal with it, it’s listed as a “distressed” property that was in operation for a very short period of time. What is distressed about it? Is it DCI compliant? (I assume so but in Buffalo we have two small “micro-cinemas” that show movies off BluRay DVDs). And they have laser tag?!?! Looks like a fun place.

CSWalczak on August 1, 2012 at 11:37 am

Here is an article that was published at the time of theater’s opening: View link. The auditorium picture that is included within the article suggests to me that it was not a blu-ray operation.

I am hoping to find an article about its closing after just a few months that might shed some light on why it closed after such a short time in operation. Alvorado is a city of less than 5,000 people with about a third of them living on incomes below the poverty guideline, so it may be that the area finds it difficult to support the theater.

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