Cinemas in Central America: $16 million Investment Plans

The chain Cinepolis plans to open four new theaters in 2015 in Guatemala, one in Honduras, two in Panama and 30 new screens at a shopping center in Costa Rica.

Wednesday, April 1, 2015

Parallel to this expansion plan in the region, representatives from the Mexican chain Cinepolis said they are evaluating whether to make new investments in El Salvador, where they already have a 43% share in the cinema market.

Luis Monestel, company manager for Central America, told Elsalvador.com that "... In Central America, where the chain has 18 cinemas with a total of 141 screens, Cinepolis has had marked growth because in several countries construction of new commercial infrastructure projects are being implemented."

"... In the Honduran market, the plan is to open a movie theater in San Pedro Sula. Currently, Cinepolis has a complex with 10 rooms. In Costa Rica, the Mexican company plans to open 30 screens in a shopping center which will operate in the area of ​​Santa Ana. The screen rooms will cost $5.5 million and are expected to be completed in October this year. In this country they have three complexes with 29 screens."

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More on this topic

Cinema Business Growing in Panama

October 2016

In the last five years, 25% was growth registered in the number of people who attended the cinema, and new investments in more screen rooms are planned for 2017.

Projections for the end of the year are that over 6 million people will have visited the cinema, thanks to the opening of new rooms, explained Michael Joseph, CEO of United International Pictures (UIP), to Martesfinanciero.com.

Honduras: $4 Million Investment in Cinemas

September 2014

Cinepolis has announced the opening of six theaters in the Altara shopping complex in San Pedro Sula in March 2015.

The company founded on Mexican capital has announced a preliminary investment of $4 million, which will go towards the construction of 6 cinemas in the Altara mall.

Cinema Market Grows in Costa Rica

June 2014

Four companies have announced the investment of at least $14 million in the opening of 31 new cinemas during 2015.

The expansion of existing facilities and opening of new ones in different parts of the country is in response to the steady increase in cinema going as in 2013 alone 6 million people attended movie theaters in the country, representing an increase of 15% compared to number of tickets sold in 2011.

Cinépolis Invests $5 Million in Guatemala

November 2011

The international chain has opened a new 10-screen cinema in the Portales mall.

Miguel Mier, chief operating officer at Cinépolis, said the complex has capacity for 1757 people, and includes a screen with XE Macro technology, which cost $850,000.

"We trust our partner, property developer Spectrum, to continue our expansion in Guatemala," said Mier.

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