Cinemark Widens Footprint in South Dakota with Third Movie Theatre
01 November 2019 - 6:33AM
Business Wire
With new deal in place, the 12-screen
state-of-the-art multiplex will open at the Gateway at Rapid City
in 2021
Cinemark Holdings, Inc. (NYSE: CNK), one of the world’s largest
and most influential movie theatre companies, in partnership with
Foursquare Properties today announced that it will build a
state-of-the-art, modern-style, 12-screen theatre in the Gateway at
Rapid City Center. As part of the development located just off
Interstate 90, the new Cinemark South Dakota location is scheduled
to open in the spring of 2021. This will be Cinemark’s third
theatre in South Dakota, in addition to the Century Stadium 14 and
XD and Century East in Sioux Falls.
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the full release here:
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A brand-new, modern 12-screen Cinemark
Theatre will be an entertainment anchor in The Gateway at Rapid
City. Construction begins summer of 2020 with the opening scheduled
for spring 2021. (Photo: Business Wire)
All 12 auditoriums will have reserved seating and will feature
Cinemark’s Luxury Loungers, which are plush, oversize,
heat-controlled reclining seats. The multiplex will also feature an
XD auditorium with an immersive wall-to-wall screen and enhanced
sound system.
“We are excited to expand our offerings in South Dakota to
provide even more guests with an innovative moviegoing experience
featuring our immersive technology and customer-preferred
amenities,” said Mark Zoradi, Cinemark CEO. “Our brand-new Cinemark
theatre will be the latest entertainment anchor to the Gateway
Development at Rapid City.”
This 43-acre project serves as the perfect regional destination
for all ages and will provide additional food and beverage,
entertainment and lifestyle offerings.
"Cinemark will be a great additional anchor to Gateway at Rapid
City and will be the catalyst to additional entertainment and
tourist-friendly hospitality venues including restaurants, family
entertainment uses, and recreational draws,” said Margaret Hyatt,
Foursquare Properties Project Manager. “Foursquare Properties is
excited to be partnering again with this fantastic
organization."
At the Cinemark Rapid City and XD theatre, guests will
experience cutting-edge technology and enhanced amenities,
including:
- A Cinemark XD auditorium with premium sight and sound
technology to further immerse audiences in the on-screen
action;
- Cinemark Luxury Loungers – electric-powered, plush, oversize
recliners with footrests, cup holders and heat-controlled
seats;
- Reserved seating with online, kiosk and mobile app ticketing
capabilities;
- A modern viewing environment with wall-to-wall screens and
enhanced sound systems in all auditoriums;
- 4K digital projection powered by Barco projectors and RealD 3D
capabilities in several auditoriums;
- A welcoming lobby, complete with a full-service, traditional
concession stand filled with favorite offerings like popcorn,
Coca-Cola beverages, must-have candy brands and enhanced food
offerings including Pizza Hut;
- A reservable party room available for birthday parties and
additional celebrations, and;
- Special pricing for Discount Tuesdays and Cinemark Movie
Rewards members.
To learn more about construction progress, visit Foursquare
Properties. Stay connected with Cinemark at cinemark.com and
through Cinemark's social media channels at Facebook, Twitter and
Instagram (@Cinemark or #Cinemark).
About Cinemark Holdings, Inc.:
Headquartered in Plano, TX, Cinemark (NYSE: CNK), one of the
world’s largest and most influential movie theatre companies,
operates in 549 theatres with 6,086 screens in 41 states
domestically, Brazil, Argentina and 13 other Latin American
countries. In addition to the company’s flagship theatre, Cinemark
also manages Century Theatres, Tinseltown USA, CinéArts and Rave
Cinemas. From ticket purchase to end credits, Cinemark is dedicated
to providing an extraordinary guest experience and prides itself on
always looking to create innovative food and beverage options and
finding sustainable solutions for its theatres. Cinemark is the
home to the first-to-market, exhibitor-led subscription program,
Cinemark Movie Club, and the proprietary XD screen technology. For
more information go to investors.cinemark.com.
About Foursquare Properties:
Founded in 1974, Foursquare Properties is a privately-owned real
estate development company based in Carlsbad, California. Over the
years, Foursquare Properties has developed over 4 million square
feet of commercial developments, 9,000 single- and multi-family
homes, and currently manages more than 2 million square feet of
commercial space. Foursquare Properties approaches each new project
with creativity, ingenuity and the experience gained from 45 years
of excellence. In everything we do, we place the utmost importance
on maintaining strong relationships with our investors, partners,
tenants, and communities. We are enthusiastic, passionate and
dedicated to building great properties with the goal of remaining a
long-term asset holder.
About Gateway at Rapid City:
Gateway at Rapid City is a 43-acre development anchored by an
80,000 square foot Cabela’s. It is located just off Interstate 90,
the main highway that runs through South Dakota, connecting Rapid
City to Wyoming and Minnesota. The Gateway will be a destination
for many travelers and an attraction for residents, both near and
far, offering entertainment and tourist friendly hospitality venues
including restaurants, family entertainment, and recreational uses.
With the capacity for approximately 500,000 square feet of retail
and commercial space, Gateway at Rapid City will be a prominent
icon for Rapid City, and all of South Dakota.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191031005877/en/
Cinemark Theatres Lanay Fournier-Stokes, 972-665-1680
pr@cinemark.com
Foursquare Properties Margaret Hyatt, 760-497-4021
mhyatt@hyattlaw.com
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