The privately-held company did not release the purchase price.
"After 60 years, the Paramount Theatre remains one of Denver's true historical, architectural and cultural gems and out involvement represents a unique opportunity to move our business in a new direction," says David Ehrlich, executive vice president of Kroenke Sports. "The Paramount has become an important piece in our mission to provide the Rocky Mountain West with the best in all types of entertainment, including the arts as well as sports."
Kroenke Sports will restore the 62-year-old theater over the next decade, starting with a new air conditioning system and roof repairs.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
