Second Stage Theatre announced it is purchasing the Helen Hayes Theatre for $30 million.
With 597 seates, the Helen Hayes is the smallest theater on Broadway. It was built in 1912 by Winthrop Ames and original called the Little Theater.
Notable productions include: The Subject Was Roses (1964), Torch Song Trilogy (1982), Prelude to a Kiss (1990), By Jeeves (2001), and Xanadu (2007).
The new owners plan to present three American plays each season at the Helen Hayes, which is one of the last independently owned theaters on Broadway.
Source: Bloomberg.com
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