Sunday, Jul 24, 2016
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Rave pays $4.7 million for Maumee 18 complex

Theater chain Rave Motion Pictures has finalized the purchase of the first of four Toledo area theaters, buying the 33.5-acre Maumee 18 Cinema De Lux on Conant Street in Maumee for $4.7 million this week from National Amusements Inc., county records indicate.

Dallas-based Rave said it has also purchased the Franklin Park Cinema De Lux 16 at Westfield Franklin Park in Toledo, Showcase Cinemas Fallen Timbers in Maumee, and Showcase Cinemas Levis Commons in Perrysburg from Dedham, Mass.-based National Amusements. As of yesterday, those transactions had not been recorded by the county, and no purchase prices were available.

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