Formerly Goodrich Quality Theaters. On Oct. 9, theaters in Ann Arbor (Quality 16), Bay City (Bay City 10), Holland (Holland 7) … GQT filed for chapter 11 bankruptcy in February 2020, just ahead of the COVID-19 shutdown. Mason Asset Management and Namdar Realty Group have purchased the Hastings 4 Theater and substantially all of the assets of Goodrich Quality Theaters (GQT) out of GQT’s chapter 11 bankruptcy proceedings. (WLFI) — The future of Goodrich Quality Theaters is not clear after the company filed for bankruptcy. The company reported assets of $50 million to $100 million and liabilities of $10 million to $50 million, according to court records. “We are truly excited to be acquiring and reopening the GQT theaters and we remain optimistic about the future of the industry,” said Mark McSparin, the New GQT president, in a statement released to media. GRAND RAPIDS, MI (WMBD) — Mason Asset Management and Namdar Realty Group announced that it has purchased all the assets of Goodrich Theaters Monday. GRAND RAPIDS, Mich. — Goodrich Quality Theaters (GQT), a West Michigan-based theater chain, filed for bankruptcy in federal court in Grand Rapids. ... Latest News Stories. Goodrich Quality Theaters has been in business for nine decades. Mason Asset Management and Namdar Realty Group partnered with VIP Cinemas to run Goodrich’s 22 movie house. He suggested ticket and concession prices would be lower, in many cases. Where you can find all the movies, munchies and memories for your entertainment needs test. HOLLAND — Goodrich Quality Theaters, which operates 14 theaters in Michigan, filed for Chapter 11 bankruptcy on Tuesday. When Shultz received the news that Goodrich Quality Theaters would not be reopening his heart sank. GRAND RAPIDS, MI (WMBD) — Mason Asset Management and Namdar Realty Group announced that it has purchased all the assets of Goodrich Theaters Monday. The business news you need ... since the coronavirus was declared a global pandemic in mid-March and faces a hazy future after its parent company Goodrich Quality Theaters … The 16 yr olds will be gone by January. The company operates 30 locations in five states and is based in Kentwood, Michigan.. MiBiz published an article (see list below) that quotes Bob Goodrich… GRAND RAPIDS — Goodrich Quality Theaters Inc., a Grand Rapids-based chain of 30 movie theaters in five states, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Western District of Michigan. “We have built our other theater operations on the promise of value and will continue to make that a hallmark of the New GQT operations.”. The company has 30 theaters in Michigan, Illinois, Indiana, Florida and Missouri. Enjoy the latest blockbusters at Kalamazoo 10. The New GQT will honor GQT gift cards and the GQT Rewards program and will post its safety plans for theaters on the GQT website “as soon as possible and prior to the scheduled re-openings,” the company said. Based in Great Neck, New York, Mason Asset Management and Namdar Realty Group are a … — Several Goodrich Quality Theaters in West Michigan will be re-opening as soon as July 31 after their parent company was bought out of its bankruptcy proceedings, the … Mason Asset Management and Namdar Realty Group also own shopping malls. GQT filed for chapter 11 bankruptcy in February 2020, just ahead of the COVID-19 shutdown. Customers can look out for changes in pricing when the theaters re-open. Goodrich Quality Theatres (GQT) is coming back from bankruptcy under new ownership. Fired Teenage Goodrich Theater Workers Demand Answers - Oswego, IL - Teens across the country were fired from jobs at Goodrich Quality Theaters this month. Goodrich Theaters purchased, reopening plans announced By Gary Stevens Jul 20, 2020 2:31 PM HOLLAND (WHTC-AM/FM) — Goodrich Quality Theaters will be able to operate, with new owners.The Midwestern theater chain is slated to re-open in late July or early August. Much has changed in that year including new ownership of the new GQT Movies, closing, opening, restrictions, illness and unfortunately deaths in some of our families. A … The New York-based Mason Asset Managment and Namdar Realty Group bought the Goodrich chain, which includes the Kalamazoo 10, the Three Rivers 6, the Hastings 4, the Holland 7, and the West Columbia 7. An undated courtesy photo provided by Goodrich Quality Theaters shows the theater in Bay City, Michigan. The majority of GQT Movies' locations are in Michigan, but other locations could be found in Illinois, Indiana, and Missouri. KENTWOOD, Mich. – Michigan-based Goodrich Quality Theaters, which operates nine movie theaters in Indiana, has filed for Chapter 11 bankruptcy … GQT| Goodrich Quality Theaters Homepage. The Rebound West Michigan: State of Education, Excellence in Education Award Nominations, Freeze Warnings have been posted for tonight. KENTWOOD, MI -- Movie lovers can return to their old favorite theaters this summer as Goodrich Quality Theaters has announced it will reopen 12 … GQT originally filed for Chapter 11 […] Email Bob Goodrich at bgoodrich@gqti.com or call him at 616-827-6511. The press release also noted existing GQT gift cars and rewards would be honored “subject to applicable law” by New GQT. This material may not be published, broadcast, rewritten, or redistributed. There are 3 GQT theaters in Greater Lafayette. Goodrich Quality Theaters has filed for bankruptcy after nine decades of selling tickets and serving popcorn. GRAND RAPIDS — Goodrich Quality Theaters Inc., a Grand Rapids-based chain of 30 movie theaters in five states, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Western District of Michigan. The theaters include locations in Battle Creek, Kalamazoo and Holland, among those in other parts of the state, Indiana, Missouri and Illinois. Much has changed in that year including new ownership of the new GQT Movies, closing, opening, restrictions, illness and unfortunately deaths in some of our families. After filing for Chapter 11 bankruptcy in February, Goodrich Quality Theaters is back from the brink with new ownership, a new name—GQT Movies—and a safety plan for its soon-to-reopen cinemas in Michigan, Indiana, Illinois, and Missouri. PEORIA, Ill. (WMBD) — Goodrich Quality Theaters is determined to keep its movie theaters open and running, the company said in a statement Thursday. news item What to Watch on FandangoNOW and Vudu: Best Picture Winner ‘Nomadland,’ Colin Farrell in ‘Voyagers,’ Superhero Movies on Sale and More Read More; news item This Week in Movie News: ‘Godzilla vs. Kong’ Director to Return for More of the ‘MonsterVerse,’ Leonardo DiCaprio to Remake Oscar-Winner ‘Another Round’ and More Goodrich locations include twelve in Michigan, seven in Indiana, two in Missouri, and one in Illinois. Goodrich Theater NewCo, LLC. The theater chain said they explored a variety of alternatives to keep the business going, but said a court-supervised reorganization process is in the best interest for them. The company filed for Chapter 11 Bankruptcy protection in February 2020. This number and email were provided to News 18 by anonymous employees at local GQT theaters. Goodrich Quality Theaters, Inc. owns and operates film theaters. Featured Movie News. … Now known as New GQT, the company is aiming for a late-July re-opening, but that is dependent on developments in the COVID-19 crisis, a news release said. When Shultz received the news that Goodrich Quality Theaters would not be reopening his heart sank. LAFAYETTE, Ind. The 16 yr olds will be gone by January. Goodrich Quality Theaters, which owes $30 million to three banks, filed for bankruptcy late last month. Winter storm: Heavy snow, big flakes in Estes Park. The Michigan-based movie chain … The theaters are still looking to fill job openings ahead of the planned re-opening. Goodrich Quality Theaters has filed for chapter 11 bankruptcy, according to the theater's headquarters. Feel free to call us with questions during weekday business hours at (616) 392-3121. Goodrich Quality Theaters will be firing all its minor employees. GRAND RAPIDS, Mich. — Several Goodrich Quality Theaters in West Michigan will be re-opening as soon as July 31 after their parent company was bought out of its bankruptcy proceedings, the company announced Friday. All employees were terminated March 19, 2020 … For the health and safety of everyone, our offices are temporarily closed to the public. LAFAYETTE, Ind. MICHIGAN THEATERS (11) INDIANA THEATERS (7), Ada-Lowell, MI (Ada-Lowell 5) Brownsburg, IN (Brownsburg 8 GDX), Ann Arbor, MI (Quality 16) Huntington, IN (Huntington 7), Battle Creek, MI (West Columbia 7) Huntington, IN (Huntington Twin Drive-In), Bay City, MI (Bay City 10 GDX Lafayette, IN (Eastside 10 IMAX), Cadillac, MI (Cadillac 4) Lafayette, IN (Lafayette 7), Hastings, MI (Hastings 4) Lebanon, IN (Lebanon 7), Holland, MI (Holland 7) West Lafayette, IN (Wabash Landing 9), Jackson, MI (Jackson 10) MISSOURI THEATERS (2), Kalamazoo, MI (Kalamazoo 10) Columbia, MO (Forum 8), Oxford, MI (Oxford 7) Jefferson City, MO (Capital 8), Port Huron, MI (Krafft 8) ILLINOIS THEATER, Three Rivers, MI (Three Rivers 6) Peoria, IL (Willow Knolls 14). The company filed for Chapter 11 bankruptcy back in February before theaters were ordered to … Elliot Nassim, who founded Mason Asset Management, said the plan is to continue operations of the existing theatres and grow the brand’s footprint. 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