Movie theater owner Regal Entertainment Group (NYSE: RGC) will buy Hollywood Theaters for about $191 million in cash.

The deal also includes $47 million in assumed lease obligations, on top of the cash price. The cash part of the purchase price will pay $157 million of Hollywood Theaters’ debt.

Regal is buying 43 theaters with 513 screens in 16 states. The deal is expected to increase the company’s cash flow and profits.

Real estate Technology