David Arquette: $25 Million Five Year Deal!

David Arquette has landed a huge deal with the Hollywood Roosevelt Hotel to open David Arquette Presents: Beacher’s Madhouse, a Vaudeville inspired theater!

The 38-year-old actor plans to bring glitz and glamor to Hollywood Boulevard when the theater opens this fall as part of an expected five-year, $25 million deal.

“Since before I can remember, putting on an extravaganza like Beacher’s Madhouse (an NYC comedy variety hit) has been a dream of mine. Now that I have met the creative and gifted Jeff Beacher, this dream is about to become a wild mind-blowing reality at the Roosevelt Hotel in glamorous Hollywood, California,” David said.

The 2500 square foot venue features floor-to-ceiling crystal chandeliers with tiered glass stages and disguised VIP banquettes.