U.K. live music venue Academy Music Group has acquired the Brighton Hippodrome, bringing its portfolio of venues up to 12.

The Hippodrome was built in 1897 and converted into a vaudeville theatre three years later. Between 1901 and 1964, the 1400-capacity hall was a key feature on the local live entertainment scene in Brighton, on England's south coast. It hosted live shows by such names as legendary British comedian Max Miller, Judy Garland, The Rolling Stones and The Beatles between 1901 and 1964.

The last live show at the venue was The Beatles on October 25, 1964, after which it became the Mecca Bingo Hall until August 2006, when it was closed.

AMG has acquired the lease on the venue from Southampton, England-based property developer Urbanfirst Ltd for an undisclosed sum. The deal brings the Hippodrome into a roster of venues which include London's 2,000-capacity Shepherd Bush Empire and 4,920-capacity Carling Academy Brixton. The company says further development and investment details for the Hippodrome will be announced "in due course."

"We're delighted at the prospect of maintaining and developing a site with such history, especially as this venue still retains many of its original features and grandeur of its early years," commented AMG CEO John Northcote in a statement. "Our aim," he added, "is to bring the Hippodrome back as a quality entertainment venue, working with local bands and artists as well as major U.K. and international acts."

AMG also confirmed today that it has increased the maximum capacity of its Carling Academy Birmingham venue from 2,700 to 3,000.