AMERICAN AIRLINES THEATRE 227 W. 42nd Street (Between 7th & 8th Aves) New York Photo by Darren Dalglish June 2003 Capacity Approx: 740 Owner: Roundabout Theatres Opened in 1918 as the Selwyn Theatre. An Italian Renaissance style theatre designed by George Keister. The theatre changed its name to the American Airlines Theatre in 2000, after American Airlines agreed to donate $8.5 million to the Roundabout Company to help cover costs. In exchange for the donate, the Selwyn will be known as the American Airlines theatre for at least ten years. What's Playing!