Film buffs reeling at the loss of Cinema Gold can rejoice at the announcement Focal Point Cinema will open in Palmerston North.

Focal Point owners Matt and Julie Bell said they saw a gap in the market following Cinema Gold's closure in August, but they are staying mum on exactly where their new business will be.

The news is also expected to create up to 20 jobs.

Their cinemas, in Feilding, Levin and Hastings, have a boutique feel to them and show a wide variety of films.

"We are excited to announce we have secured a fantastic site...where we are to open Focal Point Palmerston North," Matt Bell said.

He said the location could not yet be disclosed, but he revealed it would have the 1920s feel the other Focal Points have, with a nod to the city's heritage also preserved in the building's design.

"Focal Point offers people a night of entertainment, with the options of both a movie and a meal, or the pleasure of a cold beer, wine or a coffee while they watch the movie," Matt Bell said.

"We know from experience that is what the discerning movie-goer wants and we are excited about the opportunity to offer this to the Palmerston North community.

"While acknowledging Event Cinema do a good job of screening mainstream movies to larger audience, we believe Palmerston North has a market wanting a different movie-going experience."

Matt Bell said they expected the cinema to be operational in mid-2017. They anticipate employing 15 to 20 staff.