Apr 23, 2015
Patoka Capital to bring Xscape Theatres to Riverview, Florida
The 14-screen theater will feature the largest screens in the market and premium reclining seats.
Riverview, FL – (April 23, 2015)—Patoka Capital and Xscape Theatres announced today that they will build a state-of-the-art movie theatre featuring two Xtreme Xscape large format auditoriums in Riverview, Florida. Construction will begin in fall of 2015 on the 12.1 acre site. The 60,000 square foot facility will provide 14 luxury auditoriums and all modern theatre amenities.
The Xscape 14 Riverview will provide the ideal location to become the area’s state-of-the-art entertainment destination. Located at the intersection of I-75 & Progress Boulevard, the site provides great access to the residents of Riverview as well as those in Brandon, Gibsonton, and the surrounding areas. “We think we have the perfect location,” said Chance Ragains, CEO of Xscape Theatres. “Bloomingdale Avenue is a successful retail corridor and our location is highly convenient allowing patrons to avoid the congestion of Brandon Boulevard.”
The company expects the 15 million dollar project to attract over a half a million guests per year and create more than 50 new jobs. The Xscape Theatre will feature crystal clear digital sound and 4K digital projection with bright, immersive 3D technology. The two large format auditoriums feature 70 foot wall-to-wall, curved screens and a cutting edge wall-to-ceiling Dolby Atmos surround sound system. The Xtreme experience presents movies the way filmmakers intended with bright eye-popping images in 2D and 3D. Xscape 14 Riverview will also feature electric reclining leather seats in all 14 of its auditoriums for the ultimate in comfort while you watch your favorite movies on the big screen.
“Our experience building and designing movie theatres over the last two decades has led us to this design. The response that we have received from the residents of Riverview and the surrounding communities has been fantastic and we look forward to bringing Hollywood to Riverview” stated Mr. Ragains.
About Xscape Theatres
Xscape Theatres is an Indiana based motion picture exhibitor. The company has developed over 30 theatre locations across 12 different states since its founding in 1997. Xscape develops best in class movie theatres featuring digital projection and sound, stadium seating, and plush electric recliners.
For more information about Xscape Theatres: www.XscapeTheatres.com or 812-945-4006
About Patoka Capital
Patoka Capital is a closely held private investment firm based in Louisville, Kentucky. Our mission is to build long term value by acquiring and growing privately held businesses that meet our defined criteria. Patoka Capital invests a pool of our committed equity capital and is not an institutional fund. Our success is the contributions we make to our customers, employees, stakeholders, and our community. Patoka Capital is actively seeking investments to add to our $150 Million Portfolio.
For more information about Patoka Capital: www.PatokaCapital.com