Theaters are entertainment buildings in Modern Times (Tropico 4) that take the place of Cabarets. They expand the functions of a cabaret; though they're still able to show cabaret-style shows, theaters can also be used to put on non-erotic plays. Tourists of all types, except for child tourists, enjoy attending theaters, including slob and eco tourists who don't attend cabarets.
- Comedy: The theater presents light-hearted comedies that everyone enjoys, increasing the service quality by 10.
- Tragedy: The theater presents profound dramas and deep, emotional plays, forcing visitors to think. There's a chance that visitors to the theater will be inspired to become Intellectuals.
- Burlesque: Going back to its cabaret roots, the theater presents bawdy and lewd stage shows. Only men will attend these shows but the profits from them will double.
Penultimo: The best drama, comedy, and tragedy is now in Tropicooooooooo--
Sunny Flowers: So true! I thought you'd never speak openly about the rule of El Presidente!
Penultimo: --the tickets for our new Theater are at all-time low prices! What did you say, Sunny?
Sunny Flowers: Me? Oh, nothing!
The inscription on the front which reads "Sonrisas y Lagrimas" means "smiles and tears" in Spanish.