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By NEVART APIKIANAll but three of the Cinema National Theaters in Syracuse are nowbeing operated by Midstate TheaterCorp. in New York City but with nochanges in personnel.This involves completion of sale of 30 of its theaters by Carrols Development Corp. to the Midstate Theater Corp. for $2,600,000 in cash and notes.According to announcement Friday, the company will report a pretax gain from the sale of about $1,200,000 in its fiscal third quarter, ending Feb. 28,1982.The sale did not include the twin Shoppjingtown theaters, the Genesee and the Bayberry. According to a 1978 consent decree, Carrols may not sell to one party the Shoppingtown and Genesee theaters.^ ViolH nrtwnomrheaded by Robert Smerling, has acquired 30 theaters and 42 auditoriums. Included is the Fayetteville Mall Theater, which Carrols built, the first triple-theater in upstate New York.The other theaters which were sold are the Cinema East, Mini I, Shop City Cinema, Cinema North, the Penn Can Mall I, II and HI, Westhill and Tri-County Mall as well as the DeWitt, Lakeshore and North Drive-In theaters.The 30 theaters sold include movie houses in Utica, Binghamton, Brock-port, Oswego and Rome.Midstate is headed by Smerling who has interest in Nutmeg Theater Circuit in Connecticut and American Theater Management Corp.David J. Connor, president of Carrols Development Corp., said that the company will continue to expand its Burger King restaurants and food distribution operations while activelypursuing new business lines. At present Carrols operates 85 Burger Kingrestaurants.Carrols Development Corp., of which Herbert N. Slotnick is chairman of the board, had purchased Carrols, a division of Tastee Freez in Chicago i 1968. This was a forerunner of Burger Kings in their food operationbusiness.Prior to that in the 1960s, the Slot-nicks had operated Carrols Food drive-ins as the New York State Franchise holder.In 1974, Carrols Development Corp. changed the name of its theaters to Cinema National and purchased the Kallet theaters, Shoppingtown I and Shoppington II in DeWitt and the Kallet Genesee on the Westside.The Slotnick family has been in the motion picture business for more than 60 years. Negotiations continue for sale of its three others theaters in Syracuse which will end the Slotnick’sconnection with the entertainment in-■dustry.
Newspaper Details
Syracuse Post Standard
Syracuse, New York, US
Sat, Dec 19, 1981
Page 27
Full Page
Clipped by
Keith C.
FL, USA 03 Jan 2021
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