Health and Fitness Club Industry News
Tuesday, August 14th, 2018
TennisPro Magazine Editor Receives Award
Posted: August 7, 2018 in Suppliers
HILTON HEAD ISLAND, S.C. - Professional Tennis Registry (PTR) announced that Peggy Edwards, Director of Communications and Editor of TennisPro Magazine, was presented a 2018 APEX Award (Awards for Publishing Excellence). The APEX award category ‘Magazines, Journals & Tabloids - Print’ was for the November/December issue of TennisPro. TennisPro is the official publication of PTR tennis teachers and coaches. Edwards, who has been with PTR since 1998, has been the recipient of 23 APEX awards for TennisPro. Read More...
Crunch Franchise Announces Its Newest Locations in Albuquerque, New Mexico and Waco, Texas; 1,500+ Join New Crunch Gym in Tuscaloosa on Record First Day of Pre-Opening Sales
Posted: August 6, 2018 in Chains
ALBUQUERQUE, N.M., WACO, TX, and TUSCALOOSA, AL - Crunch Franchise announced the opening of a 20,000 square-foot gym with state-of-the-art equipment and amenities in Albuquerque, New Mexico, as well as the planned opening of a new 24,000-square foot, 24/7 gym with state-of-the-art equipment and amenities in Waco, Texas. Crunch Franchise also announced that 1,536 people signed up for memberships for the Crunch gym opening in Tuscaloosa, Alabama, on the first day they became available. That figure sets a Crunch Franchise record for the most memberships sold during the first day of a gym's pre-opening sales period ("pre-sale"). Read More...
Long Reach Tennis Club Honored With USTA Excellence Award
Posted: August 2, 2018 in Chains
COLUMBIA, MD - The United States Tennis Association (USTA) has selected Long Reach Tennis Club in Columbia, Maryland, as one the winners of the 37th annual USTA Facility Awards, which recognize excellence in the construction and/or renovation of tennis facilities throughout the country. Long Reach Tennis Club, which is owned and operated by Columbia Association (CA), will be honored at the USTA Semi-Annual Meeting in New York City on August 30. Read More...
HEAD Penn to Sponsor Professional Pickleball Registry
Posted: August 2, 2018 in Suppliers
HILTON HEAD ISLAND, S.C. - Professional Pickleball Registry (PPR) announces a three-year sponsorship agreement with HEAD Penn. HEAD is the Official Paddle and Bag of PPR. PPR members are already receiving benefits from preferred pricing on HEAD Extreme and Radical series paddles, Supercombi bags and backpacks, as well as other pickleball equipment, including nets and eyewear. Read More...
Planet Fitness Completes Refinancing Transaction; Appoints Roger Chacko Chief Commercial Officer
Posted: August 1, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE:PLNT) (together with its subsidiaries, the "Company") announced that it has completed its previously announced refinancing transaction of certain of its subsidiaries with a new securitized financing facility, with the placement by its special purpose subsidiary (the "Master Issuer") of a new series of $1.275 billion of securitized notes (the "2018 Notes"). Planet Fitness also announced that Roger Chacko has been appointed Chief Commercial Officer effective immediately. In this newly created position, Chacko will be responsible for overseeing the Company's demand generation functions such as marketing, branding, public relations and communications, sales and corporate partnerships, channel management, corporate strategy, analytics, and consumer research. He will report directly to Chris Rondeau, Chief Executive Officer of Planet Fitness. Read More...
ClubCorp Acquires Brookstone Golf & Country Club
Posted: August 1, 2018 in Chains
DALLAS, TX - ClubCorp announces the acquisition of Brookstone Golf & Country Club, a family friendly golf and lifestyle club located in the foothills of the North Georgia Mountains 30 miles north of Atlanta in Acworth. ClubCorp plans a major capital project that will completely renovate and redesign the dining spaces, add a new fitness center and enhance the aquatics, tennis and golf experiences. Read More...
Jim Fromuth, Vic Braden to Join Tennis Industry Hall of Fame
Posted: August 1, 2018 in Suppliers
HILTON HEAD, ISLAND, S.C. - Tennis players, and their industry, can thank both Jim Fromuth and the late Vic Braden for helping to improve the game and grow the sport. Fromuth, the Founder of the Eponymous Tennis Equipment distribution company, and Braden, whose tennis academies, books and videos brought tennis to the masses, both have had a hand in millions of players enjoying this game over the last four decades. Both men will be inducted into the Tennis Industry Hall of Fame on August 27, during the TIA Tennis Forum at the Grand Hyatt in New York City. Read More...
Celsius Names Edwin Negron-Carballo As Chief Financial Officer To Support Continued Growth
Posted: August 1, 2018 in Suppliers
BOCA RATON, FL - Celsius Holdings, Inc. (Nasdaq: CELH), maker of the globally marketed performance drinks, CELSIUS, announces the hiring of Edwin F. Negron-Carballo, as Chief Financial Officer. This addition to the leadership relieves CEO John Fieldly of his additional duties as Chief Financial Officer, a position which he held for his first six years with Celsius Holdings, Inc. Read More...
KKR to Acquire The Bay Club Company
Posted: July 27, 2018 in Chains
NEW YORK, N.Y. and SAN FRANCISCO, CA - KKR, a leading global investment firm, and The Bay Club Company (“Bay Club”), a premier active lifestyle and hospitality company, announce the signing of a definitive agreement under which KKR will acquire Bay Club from York Capital Management and minority investors, including JMA Ventures and Roxborough Group. Financial details of the transaction were not disclosed. Read More...
Crunch Signs Multi-State Franchise Deal
Posted: July 26, 2018 in Chains
NEW YORK, N.Y. - Crunch Franchise announced a new 10-unit franchise agreement to build clubs in several southeastern states. Crunch currently has more than 1 million members and 250 gyms worldwide in 25 states, Puerto Rico and four countries. The agreement is with Jorge Roldan, CEO of Team Roldan, LLC. Roldan is a fitness-industry franchising expert who most recently launched, owned and operated five Planet Fitness locations, which he sold in 2016. Read More...
Muscle Up Marketing Acquired by Mudlick Mail
Posted: July 26, 2018 in Suppliers
STAMFORD, CT - Mudlick Mail announces that it will combine operations with Muscle Up Marketing, a full-service marketing firm specializing in serving the fitness and health and wellness industries. The combination will expand Mudlick's expertise into a brand-new vertical market while enhancing the digital services offered to clients. This acquisition marks the first transaction driving towards Mudlick's vision to become the leading provider of direct response marketing. Read More...
PHIT Act Passes the House, Now Moves to Senate
Posted: July 25, 2018 in IHRSA
WASHINGTON, D.C. - In a major step to help overcome the “Inactivity Pandemic” and improve the health of Americans, the U.S. House of Representatives passed the Personal Health Investment Today (PHIT) Act by a bipartisan vote of 277-142. The PHIT Act now moves to the Senate for consideration. The action in the House comes less than two weeks after being passed by the House Ways and Means Committee by a vote of 28-6. The PHIT Act was part of a larger package of health savings account (HSA) reform measures. Read More...
Blink Fitness Accelerates Expansion with Strategic Multi-State Deal with Seritage Growth Properties
Posted: July 25, 2018 in Chains
NEW YORK, N.Y. - Blink Fitness, a premium-quality, value-based gym that has challenged industry norms by celebrating how exercise makes you feel, not just how it makes you look, and Seritage Growth Properties (NYSE: SRG) have announced a deal to expand Blink Fitness' reach. The multi-property lease agreement will bring 17 corporate and franchisee-owned gyms to major metropolitan areas across ten states and is a part of Blink Fitness' aggressive strategic growth strategy. Read More...
CorePower Yoga Launches Yoga On Demand
Posted: July 25, 2018 in Chains
DENVER, CO - America's leading yoga studio, CorePower Yoga, is launching CorePower Yoga On Demand, an online resource dedicated to helping students take class with CorePower whenever, wherever. The program launches with over 30 videos taught by CorePower Yoga teachers and developed with both the new and experienced yogi in mind. Read More...
Mayweather Boxing + Fitness Launches Domestic and International Franchise Program
Posted: July 25, 2018 in Chains
LOS ANGELES, CA - Mayweather Boxing + Fitness, a best-in-class fitness experience created by the most successful boxer of all time, announced the launch of its comprehensive domestic franchising and international territory rights program. Boxing great Floyd Mayweather announced the global business venture and its structured franchise model following his highly anticipated "Money Fight" against Conor McGregor in August 2017. Emblematic of Floyd's passion for family, fitness and community, the new enterprise is grounded in the philosophy that fitness levels shouldn't be determined by socioeconomic status, and that everyone should have access to, and benefit from, elite fitness resources. Read More...
Inaugural Pickleball Coach Certification Held on Hilton Head Island
Posted: July 25, 2018 in Suppliers
HILTON HEAD ISLAND, S.C. - Professional Pickleball Registry (PPR) conducted its first ever Pickleball Certification Workshop at Palmetto Dunes Tennis & Pickleball Center on Hilton Head Island. Twelve coaches from seven states, including Maryland, New Jersey and Pennsylvania, participated in the workshop that was conducted by Sarah Ansboury, PPR’s Education Consultant and Lead Clinician. PPR Clinicians Linh Ansboury and Randy Coleman assisted. Read More...
PHIT’s Next Step – A Vote in the House this Week!
Posted: July 24, 2018 in IHRSA
BOSTON, MA - For the first time ever, PHIT was reported out of the House Ways and Means Committee! This step clears an important legislative hurdle. Now, PHIT will be considered by the entire House, this week! That is where you come in. We need your help to get PHIT passed in the House. Please ask your member of Congress to vote for PHIT on the House floor! Your support can help us redefine the nation’s physical activity culture! Read More...
Orangetheory Fitness: 1,000 Studios… and Counting
Posted: July 23, 2018 in Chains
BOCA RATON, FL - Rose City residents can now get #1000xMoreLife from their workouts with the grand opening of Portland's third Orangetheory Fitness studio, the 1,000th globally for one of the world's fastest growing franchise companies. At a ribbon-cutting event held July 21st, special guests joined Orangetheory Fitness CEO & Co-Founder, Dave Long, in celebrating the company's unique trifecta of science, coaching and technology. Read More...
TRT Holdings, Inc. Exploring Possible Sale of Gold’s Gym
Posted: July 20, 2018 in Chains
DALLAS, TX - TRT Holdings, Inc., the majority shareholder of Gold's Gym since 2004, says it will put the iconic fitness brand up for sale to focus more on its core business. It has retained Piper Jaffray & Co. to conduct a sales process. During its partnership with TRT Holdings, Gold's Gym has grown to 700+ locations across six continents and has differentiated the brand through a series of new fitness offerings, including GOLD'S STUDIO, the company's signature boutique-style fitness classes, BOOTCAMP large group training classes and 3D body scanning technology. With a core focus on innovation and expanding the brand's reach beyond the four walls of the gym, Gold's Gym also recently launched GOLD'S AMPTM, the first digital personal training and music app from a brick-and-mortar gym. Read More...
Planet Fitness Prices $1.2 Billion Securitized Financing Facility
Posted: July 19, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") announced that it has priced $1.2 billion of Series 2018-1 Class A-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), which consist of two tranches. The 2018 Notes are expected to be issued by Planet Fitness Master Issuer LLC (the "Master Issuer"), a newly-formed, limited-purpose, bankruptcy remote, indirect subsidiary of Planet Fitness, Inc. in a privately placed securitization transaction. The aggregate principal amount represents an upsize from the previously announced proposed issuance of $1.15 billion. Read More...