SAN DIEGO, CA — Taconic Capital Advisors and ASM Global have announced that the century-old downtown San Diego landmark Spreckels Theatre will be operated by ASM Global.
“We love being part of the San Diego community,” said Chuck Steedman, ASM Global’s Executive Vice President, Strategy and Development. “There is no finer city, and we’re excited to build upon our work at San Diego Sports Arena and grow the spectacular entertainment choices and experiences available to audiences that live and visit here.”
A joint venture sponsored by affiliates of Taconic Capital Advisors and Triangle Capital Group is planning extensive renovations for Spreckels Theatre, designed to attract an increasingly robust roster of shows; corporate, social and other special events; and family events. The 1,463-seat theater first opened in 1912 and was constructed to commemorate the opening of the Panama Canal for the Panama-California Exposition held in San Diego in 1915.
“Both ASM and our ownership group share the vision of connecting amazing experiences with the vibrant San Diego market,” said Eric Sitman, Director at Taconic Capital Advisors. “ASM brings the equity and experience to breathe new life into this historic venue and will help us realize our goal of bringing the Spreckels back to its historical significance and offering a compelling option for office and retail tenants looking for a differentiated experience. This is a win-win for everyone.”