Regal Cinemas owner to cut theater leases in bankruptcy process – Robert Khodadadian

One of the world’s largest movie theater chains is dimming the lights to begin the process of rolling back its U.S. footprint. Cineworld Group PLC is already planning cut leases for 20 of its 505 U.S. locations, according to bankruptcy filings reported by the Wall Street Journal. More closures are likely to come based on reviews over performance and rent costs by the company, which on Wednesday filed for Chapter 11 bankruptcy. The London-based company,

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, bankruptcy, chapter 11, Cineworld, Movie Theaters The Real Deal New York Read More

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