The PrivateBank Theatre is a theater located at 18 West Monroe Street in the Loop area of downtown Chicago. It is operated by Broadway In Chicago, part of the Nederlander Organization. Opened in 1906 as the Majestic Theatre, it currently seats 1800 and for many years has presented Broadway shows. In the 1940s, it became part of the Shubert Organization and was known as the Sam Shubert Theatre. Since the 1990s, it has been owned by Nederlander, which refurbished and restored the building and sells naming rights; it has been named for LaSalle Bank, then Bank of America. Most recently, PrivateBank acquired the naming rights in December 2015. The theater opened in 1906 as the Majestic Theatre, named for The Majestic Building in which it is housed. The Majestic was originally a popular vaudeville theater. It offered some 12-15 vaudeville acts running from 1:30 pm to 10:30 pm, six days a week. By the 1920s the theater had become part of the Orpheum Circuit and presented many famous vaudeville headliners including Al Jolson, Eddie Foy, Harry Houdini, Lily Langtry, and Fanny Brice. In 1932, the theater closed during the Great Depression. In 1945, the theater was purchased by the Shubert Organization, remodeled, and reopened as the Sam Shubert Theatre. The Nederlander Organization purchased the structure in 1991 however Chicago Public Schools owned the land until 1997 when it also was purchased by Nederlander. Between January 2005 and May 2006, the theater underwent restoration and a name change to the LaSalle Bank Theatre and floors 4-21 of the adjoining office building were converted to the Hampton Inn Majestic Hotel. The hotel & theatre share the building, with the theatre on floors 1-6 & the hotel on floors 4-21. The hotel has a small entrance west of the theatre entrance with its own address of 22 West Monroe Street. Since 2000, the theater has been operated by Broadway In Chicago and has hosted pre-Broadway productions and world premieres. In May 2008, the theater was renamed the Bank of America Theatre when that company acquired LaSalle Bank in 2007.