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Health and Fitness Club Industry News: Chains

Tuesday, August 14th, 2018

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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

Crunch FranchiseALBUQUERQUE, 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 AssociationCOLUMBIA, 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...

Planet Fitness Completes Refinancing Transaction; Appoints Roger Chacko Chief Commercial Officer
Posted: August 1, 2018 in Chains

Planet FitnessHAMPTON, 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

ClubCorp - The World Leader In Private ClubsDALLAS, 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...

KKR to Acquire The Bay Club Company
Posted: July 27, 2018 in Chains

The Bay ClubNEW 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

Crunch FranchiseNEW 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...

Blink Fitness Accelerates Expansion with Strategic Multi-State Deal with Seritage Growth Properties
Posted: July 25, 2018 in Chains

Blink FitnessNEW 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

CorePower YogaDENVER, 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

Mayweather Boxing + FitnessLOS 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...

Orangetheory Fitness: 1,000 Studios… and Counting
Posted: July 23, 2018 in Chains

Orangetheory FitnessBOCA 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

Gold's GymDALLAS, 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

Planet FitnessHAMPTON, 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...

Retro Fitness Selects Life Fitness Premium Cardio for Burgeoning Franchise
Posted: July 19, 2018 in Chains

Retro FitnessROSEMONT, IL - Retro Fitness, a high-energy, high-value franchise, has named Life Fitness a preferred cardio vendor as the group continues its development pipeline with new clubs opening across the U.S. The first Life Fitness-equipped club will open in Q3 2018. Retro Fitness has chosen Elevation Series treadmills and Lifecycle bikes with premium cardio consoles with app-enabled content for new Life Fitness-equipped clubs opening in the coming years, with 10 planned through 2019. Each machine is custom painted to fit Retro Fitness' bold brand colors and create a unique gym experience for members. Read More...

Equinox And SoulCycle To Launch Full-Service Talent Management Agency; WME To Serve In Advisory Role
Posted: July 19, 2018 in Chains

EquinoxNEW YORK, N.Y. - Equinox, the high-performance lifestyle leader, along with SoulCycle, the leading lifestyle boutique studio, announced the development of a talent management agency exclusively representing their leading, market-defining fitness talent. The management agency will launch with a network of employees from across the brands' global portfolio of Fitness Clubs and Studios. Read More...

World Gym Continues International Expansion With 11 New Gyms In 2018
Posted: July 17, 2018 in Chains

World GymLOS ANGELES, CA - World Gym International, the iconic global brand of seriously fun fitness, has 11 new international locations in four countries. World Gym continues its steady growth with these new gyms which are a mix of conversions from existing gyms and brand-new facilities. World Gym International credits its international growth to the strength of the modernized World Gym brand and the expansion of World Gym Athletics, a group training program available at World Gyms around the globe. Read More...

Crunch Franchise Announces Its Newest Location in Corona, California
Posted: July 16, 2018 in Chains

Crunch FranchiseCORONA, CA - Crunch Franchise announced the opening of a 20,000 square-foot gym with state-of-the-art equipment and amenities in the heart of Corona, California. Fusing fitness with entertainment to make serious exercise fun, the new Crunch location will offer top-quality cardio and strength training equipment, half-hour circuit training, personal training, a functional training area with indoor turf, spin classes, a dedicated group fitness studio and more. Read More...

LA Fitness Announces Launch of its First Ever Podcast: Living Healthy
Posted: July 16, 2018 in Chains

LA FitnessIRVINE, CA - LA Fitness has officially launched the Living Healthy Podcast, an extension of the Living Healthy blog but in an audio format, which will serve as an additional resource for members and listeners to help them better stay on track with their health and fitness goals. Listeners will receive on-demand health, nutrition and inspirational advice. Read More...

Club Pilates to Add Nine Studios in the Chicagoland Area by Year End, Bringing Total to 23
Posted: July 16, 2018 in Chains

Club PilatesCHICAGO, IL - There is a new workout gaining popularity around the Chicagoland area: Pilates. In fact, the practice has become so popular that Club Pilates, the nation's largest premium, boutique Pilates franchise is seeing exponential growth in the Chicagoland area. By the end of 2018, Club Pilates will have 23 locations open in the market. The demand for the workout stems from the Reformer-based exercises that are designed to help both the mind and body. Read More...

Crunch Fitness Announces Its Newest Location In Round Rock, Texas
Posted: July 10, 2018 in Chains

Crunch FranchiseROUND ROCK, TX - Crunch Franchise announced the opening of a new, 24-hour fitness facility with state-of-the-art equipment and amenities in Round Rock, Texas. Fusing fitness with entertainment to make serious exercise fun, the new 20,000 square-foot Crunch location will offer top-quality cardio and strength training equipment, half-hour circuit training, a functional training area with indoor turf, spin classes, Olympic lifting platforms, a dedicated group fitness studio, childcare services, tanning and HydroMassage beds and more. Read More...

Planet Fitness, Inc. Announces Refinancing Transaction
Posted: July 9, 2018 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE:PLNT) (together with its subsidiaries, the "Company") announced that certain of its subsidiaries intend to complete a refinancing of their existing senior secured credit facilities with a new securitized financing facility. As of March 31, 2018, the Company had an outstanding principal amount of term loans under its senior secured credit facilities of approximately $707.7 million. The Company intends to replace the senior secured credit facilities with a new $1.225 billion securitized financing facility, expected to be comprised of $1.15 billion of senior fixed-rate term notes (the "2018 Notes") and $75 million of variable funding notes (collectively, the "Notes"). Read More...

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