Fox Theaters said that it will acquire the Wyomissing 8 from Carmike Cinemas Dec. 13.
The eight-screen theater was originally built by Fox Theaters and was operated by Fox from 1993 to 1996. Fox continued to own the building and decided to not renew Carmike's lease when it expired.
The theater will be renamed Fox Berkshire.
“This addition is a great opportunity that allows us to serve customers on both sides of town,” said Wendy Schaffer, director of operations for Fox Theaters. “It's a premiere location and we think it has great growth potential.”
With the addition, Fox will now operate five theaters with a total of 32 screens, including the Fox East in Reading and three locations in Maryland.
Schaffer said the theater will undergo a two-phase remodeling over the next several months to revitalize the structure. Burkey Construction of Reading will handle the more than $1 million remodeling project.
Beginning immediately, phase one of the renovation will include the installation of Christie HFR digital projection systems and Dolby 7.1 sound in all auditoriums. Additionally, the lobby, entrance, restrooms, concession stand, signage and parking areas will be renovated.
Later in 2013, the theater will kick off phase two and install new seating in the existing auditoriums and add four new screens, including a large-format theater with a giant screen providing an immersive experience. It also will broaden its concession offerings.
Financing for the remodeling is being handled by Wells Fargo Bank.