Rialto Theatre

What Rialto Theatre does

Rialto Theatre is a privately held, family-owned event-venue rental business operating out of a 1,165-capacity heritage theatre at 5723 Avenue du Parc in Montreal's Mile End neighbourhood. Built in 1923–1924 by architect Raoul Gariépy in a Beaux-Arts style with a neo-baroque interior by Emmanuel Briffa, the property holds heritage designations from the City of Montreal (1988), the Government of Quebec (1990), and the Government of Canada as a National Historic Site (1993). The Carosielli Group, founded by Ezio Carosielli and Luisa Sassano in March 2010 when they acquired the building, owns and operates three heritage venues in Montreal — Rialto Theatre, St-James Theatre (acquired 2012), and Cartier Theatre (acquired 2018) — currently led by the founders' daughter, Andria Carosielli.

The venue is not a technology product but a physical-asset rental business. Its core offering comprises six configurable spaces (Main Theatre, Rialto Hall, Le Cabaret, Le Piccolo, Le Studio, Le Rooftop) equipped with in-house AV systems (sound, lighting, projection) and supported by qualified technical staff; rental rates range from $5,000–$6,250 per day for secondary halls to $10,000–$12,500 per day for the Main Theatre, with the Rooftop billed hourly at $500–$800. The business monetizes exclusively through facility rental, turnkey packages (catering, bar, tables, chairs), and preferred-rate partnerships with cultural and charitable organizers; it does not sell tickets directly and does not produce events, instead relying on third-party promoters and organizers (Fever Up, POP Montréal, Juste Pour Rire, MODO-LIVE, etc.) and a roster of corporate, private, and film/TV clients (Amazon Prime, Ubisoft, CBS, Cominar, OIQ, KRB Avocats, House of Vans).

The customer base spans four horizontal segments — corporate events, arts & entertainment, private celebrations, and production companies — attracted primarily through the venue's heritage reputation, its website, and inbound referrals rather than performance-marketing campaigns. The business runs with a small operational footprint of 11–50 employees and carries no external institutional investors or parent-company control, operating as a real-estate-anchored, services-driven rental business in a single metro market.

Name

Rialto Theatre

Legal name

Théâtre Rialto

Website

https://theatrerialto.ca

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Rialto Theatre is a family-owned heritage event-venue rental business in Montreal, operating a 1,165-capacity National Historic Site across six configurable spaces for corporate events, concerts, weddings, and film/TV productions, earning revenue through facility rental, turnkey packages, and hourly rooftop bookings.

Ownership category

akta.pro rank

Product category

Event Venue Rental

NAICS

Historical Sites (712120), General Rental Centers (5323), Arts, Entertainment, and Recreation (71)

SIC

Services-Amusement & Recreation Services (7900), Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Theater & Performing Arts Venue Operations (Playhouses, Opera Houses) (MPAGALAB)

akta.pro secondary industries

Specialty & Historic Venues (Landmarks, Estates) (THAHAAAK), Specialty & Entertainment Venue Property Management (BPAJAGAO), Corporate Event Rentals (Furniture, Staging, Tents) (HSACADAI), Concert Halls & Music Venue Operations (Symphony Halls, Recital Venues) (MPAGALAC)

Keywords

• Event venue rental
• Concert hall rental
• Corporate event space
• Wedding venue rental
• Film production location

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Venue Rental: Primary revenue from renting out multiple event spaces including the main theatre, Rialto Hall, Cabaret, Piccolo, Studio, and Rooftop. Rental rates vary by day of week (weekday vs weekend) and include AV systems. Preferred rates available for charitable and cultural events. Cross-promotional pricing when main hall is rented (other halls at 50% discount).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Rialto Theatre operates a heritage event-venue rental business out of a 1923-1924 building at 5723 Avenue du Parc in Montréal, renting six distinct spaces (Main Theatre, Rialto Hall, Le Cabaret, Le Piccolo, Le Studio, Le Rooftop) for corporate events, concerts, weddings, galas, and film/photo productions. Rentals are priced by space and day-of-week and include on-site sound, lighting, projection systems and qualified AV technicians. Preferred rates are offered for charitable and cultural events, and turnkey packages bundle catering and bar service.

Product overview

Rialto Theatre operates as an event venue rental business offering multiple distinct spaces for various occasions. The portfolio includes the main Rialto Theatre (a historic 1,165-capacity venue), Rialto Hall, Le Cabaret, Le Piccolo, Le Studio, and Le Rooftop—all available for independent rental or combined booking. Additional offerings include turnkey event packages with catering and bar services, plus in-house technical AV systems with qualified technicians. The venue primarily serves as a rental operation rather than a technology product company.

Differentiator

Problem solved

Functional benefit

Products and services

• Rialto Theatre Main Hall (Salle Principale) The main heritage theatre with ornate neo-baroque architecture, accommodating up to 250 banquet, 300 cabaret, 400 theatre, 700 standing, plus a balcony with 429 fixed seats, for a maximum total capacity of 1,165 people. Standard setup is cabaret seating; the rental includes integrated state-of-the-art sound, lighting, and projection systems plus in-house AV technicians. Targeted at large-scale corporate events, concerts, galas, and film premieres.
• Rialto Hall A naturally-lit second-floor event space with high ceilings and large windows facing Park Avenue, accommodating up to 200 guests in banquet or cocktail dinatoire format. Has a separate entrance and may be rented independently or in combination with other halls. Suited to receptions, intimate ceremonies, cocktail dinatoires, and corporate cocktail events.
• Le Cabaret A ground-floor open event space facing Park Avenue with access to outside terraces, featuring its own entrance. Rented independently or combined with other halls. Targeted at cabaret-style shows, receptions, and corporate gatherings.
• Le Piccolo Basement venue accommodating up to 400 people in general admission format, with a vestibule and bar area, a stage, and complete integrated AV systems (sound, lighting, projection). Has its own entrance and can be rented independently or in combination. Targeted at live-music shows, club nights, and large receptions.
• Le Studio Third-floor space and former home of the Lalala Human Steps dance troupe, featuring professional sprung dance floors and abundant natural light. Has a separate entrance and can be rented independently or in combination with other halls. Targeted at rehearsals, dance performances, auditions, and creative uses.
• Le Rooftop Rooftop space offering views of the Mile-End neighbourhood and Mount Royal, rented by the hour specifically for filming and photoshoots. Priced at $500-$800/hour plus taxes with a 3-hour minimum depending on day of week. Targeted at film, television, and photography production companies.
• Turnkey Event Packages All-inclusive event packages that bundle the venue with catering, bar service, tables, chairs, and other amenities to facilitate event planning for corporate and private clients. Combines the chosen hall with AV and on-site staff.
• Catering and Bar Service (Partner Network) Catering and bar service available to rental clients through partner caterers including Société Traiteur, Traiteur RE (Fairmont Reine Elizabeth luxury hotel), and Hoogan & Beaufort boutique restaurant, supporting events from casual receptions to high-end galas.

Quantifiable outcome

• Maximum capacity of 1,165 people for large-scale events
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered minor.

• Société TraiteurminorOthersInternal catering partner providing food services for events held at the venue. Part of turnkey package offerings.
• Traiteur RE (Fairmont Reine Elizabeth)minorOthersLuxury hotel catering partner (Fairmont Reine Elizabeth) available for high-end events requiring premium culinary services.
• Hoogan & BeaufortminorOthersBoutique restaurant/catering partner offering culinary services for events. One of the catering options offered through turnkey packages.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Danforth Music Hall: Heritage 1918 theater in Toronto operating as a concert and event rental venue. Comparable Canadian heritage venue with similar capacity and event-hosting model.
• Massey Hall: Recently restored heritage performing arts venue in Toronto operating similarly as a rental venue for concerts, galas, and corporate events. Closest Canadian inter-city comparable given heritage designation and multi-format offering.
• Cartier Theatre (Théâtre Cartier): Third Carosielli Group heritage venue, housed in a restored former church. Direct comparable under common ownership, providing additional evidence of the multi-property platform strategy.
• Corona Theatre: Montreal-based live event venue operating as a concert and event rental space. Directly comparable to Rialto as a mid-large capacity Montreal rental venue serving concerts, corporate events, and private functions.
• Société des arts technologiques (SAT): Montreal venue offering event and immersive experience rentals. Comparable as a Montreal-based event rental venue targeting both cultural and corporate segments.
• Beacon Theatre: Iconic heritage theater in New York operating as a concert and event rental venue. Comparable in heritage positioning, mid-size capacity, and premium rental model for live performances and private events.
• L'Olympia (Paris): Legendary 19th-century Parisian music hall operating as a concert and event venue. Comparable as a heritage-designated performance venue in a major cultural city, with a similar premium brand and rental economics.
• United Palace: Historic 1930 movie palace in New York converted into a multi-use event and performance venue. Comparable as a designated landmark venue that rents space for concerts, film screenings, galas, and community events.
• Place des Arts (Société de la Place des Arts): Montreal's flagship performing arts complex with multiple halls. Comparable multi-space venue model serving concerts, theater, and corporate events in the same Montreal market as Rialto.
• St-James Theatre (Théâtre St-James): Sister heritage venue owned by the same Carosielli Group, located in Old Montreal. Closest comparable peer — identical operating model, owner, and customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/rialto_montreal

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rialto Theatre