Cinergy Doubles Down On Real Estate Investments And Remains Committed To Contributing To Growth Of Vibrant Communities, News Comes On The Heels Of Cinergy’s Record-Setting Summer and National Cinema Day Attendance
Cinergy Entertainment Group, touted as the Top Family Entertainment Center of the World, announced today that it has acquired two formerly-owned Regal Cinemas locations – one in Midland, Texas and another in Amarillo, Texas. Coming off multiple record-setting weekends, and the second busiest cinema attendance day in the company’s history – National Cinema Day on Sunday, August 27th – Cinergy remains committed to being a part of and contributing to the growth of these vibrant communities.
“We couldn’t be more excited to invest in these real estate properties within the communities that we already know so well,” said Jeff Benson, Founder & CEO. “This will be our second real estate acquisition in Amarillo and our third acquisition in the Midland-Odessa area, and we are invigorated by the opportunity to continue to be a part of these growing communities.”
Known for its luxury, dine-in auditoriums, cutting-edge arcades, bowling alleys, escape rooms, axe throwing, chef-inspired menus and sports bars, Cinergy has not yet determined the exact future for each of these newly acquired locations and will engage real estate and development professionals to assess the best use for each of these properties.
The new properties are located at 4915 Loop 250 Frontage Rd, Midland, TX 79707 and 8275 W Amarillo Blvd, Amarillo, TX 79124.
In addition to the company breaking individual site records at more than half of its locations on National Cinema Day 2023, Cinergy consistently financially outperforms the cinema industry, as a whole. While the rest of the industry finished 2022 at approximately 65% of box office revenue generated in 2019, Cinergy finished at 82%. Year to date for 2023, Cinergy’s overall same-stores revenue is up 14% vs 2022 and is up 13% vs 2019 (pre-pandemic). Cinergy’s same-stores box office revenue is up 29% vs 2022 and is up 5% vs 2019 (pre-pandemic).
Tickets for The Taylor Swift | The Eras Tour concert film are also currently available at Cinergy locations. For ticket information, moviegoers can visit: https://www.cinergy.com/.
About Cinergy Entertainment Group
Cinergy Entertainment Group, Inc., crowned Top Family Entertainment Center of the World in 2019*, is a one-stop entertainment experience providing movies, games, attractions, food and beverages for guests of all ages.
All Cinergy centers feature luxury recline-and-dine cinemas with alcoholic beverages, and most include a menu of chef-inspired American favorites. In addition to upscale cinema amenities, many Cinergy locations feature a unique selection of interactive games and a variety of other amenities, including bowling, axe throwing, laser tag, escape rooms, Virtual Reality, and elevated ropes course with zip lines.
Privately held by the Benson family and headquartered in Dallas, Texas, Cinergy operates nine luxury cinema and entertainment centers in Illinois, North Carolina, Oklahoma and Texas with 82 screens. For more information and to buy tickets, visit Cinergy at www.cinergy.com