The owner of the El Capitan Theatre in Hollywood has put the historic building up for sale for $31 million, per THE ASSOCIATED PRESS (via VARIETY).
Disney restored the theater, originally built in 1926 for stage productions, in 1991, and will remain the long-term tenant. Disney showcases one children's film release at a time, with pre-show entertainment.
Owner CUNA Mutual Group, a financial services company, is based in Wisconsin and got the building in 1994 when the previous owner walked away after the Northridge Earthquake.
El Capitan is a designated national landmark just across Hollywood Boulevard from Grauman's Chinese Theatre. The $31 million price tag also includes the six-story office building above the theater where JIMMY KIMMEL LIVE has its studio and offices.
