The Kerasotes Theaters chain, which has been in operation since 1909, is facing significant challenges as they announce the closure of four of their remaining theaters. Located in Chicago (South Loop), St. Louis Park (suburban Minneapolis), Mountain View, California; and San Jose, California (Valley Fair Mall), these theaters operated under the ShowPlace Icon brand. This news comes just days after the sale of their Secaucus, New Jersey location to Regal Theaters and the closure of their Boston Seaport District location earlier this year.
The fate of the other locations remains uncertain as landlords search for new operators. Grossing $31 million in 2023, the six Kerasotes-operated theaters did not rank among the top chains in the U.S./Canada.
Tony Kerasotes confirmed the closures but has not provided further comment at this time. The closure of these remaining Kerasotes theaters marks a significant development in the exhibition industry and highlights