Four Red Carpet theaters close in Utah

(Salt Lake Tribune) Four Utah movie theaters, all part of the locally owned Red Carpet Cinemas chain, have closed for business.

The theaters -- the 5 Star Cinemas in Magna, the six-screen Showcase Cinemas in Taylorsville, the Gateway 8 in Bountiful, and the Spanish 8 in Spanish Fork -- had a combined 27 screens, playing first-run and discount movies.

Red Carpet's company, JL Theatres Corp., recently defaulted on a bank loan. The bank sold JL's assets to M3B Partners LLC, a group of investors with Utah ties.

Spencer Marsden, one of the M3B investors, said Friday his group's plans for the theaters are in the works. Officials at Red Carpet declined to comment.

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