The Kellwood Corporation, owned by Robert Bertrum Kelly (the architect on record) and H.C. Woods, constructed the theater in 1926 with the financial backing of Commerce Reality at a cost of $1.75 million.

The new leaseholders are turning the theatre into a multi-purpose event center, which will host public and private functions, as well as provide a venue for musical acts.

Listed on the National Register of Historic Places since 1992, it is decorated with vibrantly-colored columns, sculptures, furnishings and murals, many of which are authentic reproductions of Meso-American artifacts.

Hanging in front of the stage is the original fire screen, a painting depicting the meeting of the Aztec ruler Montezuma II and Spanish conquistador Hernán Cortés in 1519.

The interior of the theater is embellished with fixtures, furnishings, relief carvings, sculpture, plaques, painted symbols and architectural elements inspired by the Aztec, Mixtec, Zapotec, Toltec, and Mayan cultures.