Health and Fitness Club Industry News: Chains
Saturday, July 27th, 2024
Planet Fitness Expands Internationally With First Club Opening in Spain
Posted: July 22, 2024 in Chains
HAMPTON, N.H. - Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces the opening of its first club in Spain, located in the city of Sabadell in the province of Barcelona. As a part of the Company's strategic growth plan, Planet Fitness believes there is significant potential in Spain. The first several stores will be a joint venture with a franchisee partner and the remainder of the market will be franchised. Read More...
Crunch Franchise Announces Newest Location in Greenwood, Indiana
Posted: July 17, 2024 in Chains
GREENWOOD, IN - Crunch Franchise announces the Fall 2024 opening of Crunch Greenwood, a 50,000-square-foot state-of-the-art fitness facility in Greenwood, Indiana. Crunch Greenwood will be operated by Crunch Fitness franchisee Fitness Ventures LLC. Brian Hibbard, the Chief Executive Officer for Fitness Ventures LLC, has found a unique opportunity to help develop the Crunch brand through his passion for the industry. Read More...
Fitness International Acquires XSport Fitness, Expanding Presence in Chicagoland, New York and Virginia Markets
Posted: July 16, 2024 in Chains
IRVINE, CA - Fitness International, LLC, operator of LA Fitness, Esporta Fitness, City Sports Club and Club Studio brands, announces its acquisition of XSport Fitness, marking a significant expansion of Fitness International's offerings in the Chicagoland, New York and Virginia markets. In keeping with its mission to provide quality fitness experiences to its members, Fitness International plans to invest in and enhance these new locations, rebranding under one of its four brand names. Read More...
Crunch Franchise Announces Newest Location in St. Cloud, Minnesota
Posted: July 11, 2024 in Chains
ST. CLOUD, MN - Crunch Franchise announces it will be opening its newest franchise, Crunch St. Cloud, a 40,000-square-foot state-of-the-art fitness facility in St. Cloud, Minnesota in Fall 2024. Brian Hibbard currently serves as the Chief Executive Officer for Fitness Ventures LLC, which owns and operates Crunch Fitness locations across the U.S. Read More...
EōS Fitness Celebrates 2024 Submit Your Fit Winners
Posted: July 11, 2024 in Chains
DALLAS, TX - EōS Fitness, the fast-growing High Value, Low Price (HVLP) gym, with over 150 locations open or on the way, introduced the winners of its annual Submit Your Fit contest for 2024, demonstrating the power of fitness to change lives. This year, winners shared their stories of significant weight loss, triumph over health challenges and newfound confidence. Their collective experiences inspire others to embark on their unique transformation journeys. Read More...
Stamford’s Own Jamie Barone is Back as Head Coach at Chelsea Piers and Was Also Selected as One of Eight Coaches Named to the U.S. Paralympic Games Paris 2024
Posted: July 11, 2024 in Chains
STAMFORD, CT - Chelsea Piers Athletic Club announces the return of founding Chelsea Piers Aquatics Club (CP-AC) head coach Jamie Barone to lead the club to national prominence in 2024 - 25. This week, Barone was also named to the US Paralympics coaching staff that will support the 33 American swimmers headed to the 2024 Paralympic Games. Read More...
Life Time Reveals Transformed Harbour Island Athletic Club in Tampa
Posted: July 10, 2024 in Chains
TAMPA, FL - With a wait list topping 10,000, Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, announces the highly anticipated opening of its newest Florida destination, Life Time Harbour Island. Spanning nearly 6.5-acres, the Harbour Island location has been entirely transformed following a multi-million-dollar renovation to become Tampa's only luxury athletic and social destination. Read More...
Club Studio Debuts Premium Fitness Gym and Boutique Studio Classes at Tysons Corner in Vienna, Virginia
Posted: July 9, 2024 in Chains
IRVINE, CA - Fitness International, LLC has opened its fourth Club Studio location in Vienna, Virginia. After investing $11M into retrofitting a former health club, the 50,000 square-foot facility was completely transformed to create a dynamic and modern fitness experience. The reimagined gym space features five innovative boutique fitness studios that were carefully curated to create a unique experience, along with recovery services (including cryotherapy and red light therapy) and plenty of free weights, strength and cardio areas, functional training area, locker rooms and more. Read More...
TruFit Athletic Clubs Strengthens Leadership Team with Appointment of Aaron Watkins as CFO and MJ Patti as Senior Vice President of People & Culture
Posted: July 3, 2024 in Chains
SAN ANTONIO, TX - TruFit Athletic Clubs, a leader in the fitness industry renowned for its state-of-the-art facilities and commitment to fostering healthy lifestyles, announces the addition of two seasoned executives to its leadership team. Aaron Watkins has joined TruFit as the Chief Financial Officer (CFO), and MJ Patti has taken on the role of Senior Vice President of People & Culture. These strategic hires underscore TruFit's dedication to growth and innovation in the rapidly evolving fitness landscape. Read More...
EōS Fitness Accelerates Expansion in Q2, Nears 100th Gym Milestone
Posted: July 2, 2024 in Chains
DALLAS, TX - With the continued demand for the fitness industry to provide accessible, innovative fitness options, EōS Fitness, the fast-growing High Value, Low Price (HVLP) gym with more than 150 gyms open or on the way, is steadfast in filling this gap with explosive growth throughout Q2. EōS opened five new locations and is nearing an impressive milestone 10 years in the making with the opening of its 100th gym this month, supporting its plans to open 250 gyms by 2030. Read More...
Crunch Franchise Announces Newest Location in North Round Rock, Texas
Posted: July 1, 2024 in Chains
NORTH ROUND ROCK, TX - Crunch Franchise announces it will be opening its newest franchise, Crunch North Round Rock, a 34,000-square-foot state-of-the-art fitness facility in North Round Rock, Texas in December 2024. Founded in 2018 by Tony Hartl, The Undefeated Tribe is one of the fastest growing franchises within the Crunch Fitness ecosystem. The company currently operates locations in Texas and Oklahoma, with more in development. The Undefeated Tribe is working to open 10 new gyms across Texas and Oklahoma in 2024. Read More...
Life Time Closes on $90 Million Sale-Leaseback Transaction
Posted: July 1, 2024 in Chains
CHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announces it closed on a sale-leaseback transaction for two properties totaling $90 million in gross proceeds. This transaction brings the Company's total gross proceeds from sale-leasebacks to $130 million year-to-date. The Company is also in negotiations for additional sale-leasebacks with expected gross proceeds of $40 - $65 million, which it expects to close by the end of the third quarter. Terms are similar to recent transactions. Read More...
Sacramento Kings Announce Multi-Year Partnership with In-Shape Family Fitness
Posted: July 1, 2024 in Chains
SACRAMENTO, CA - The Sacramento Kings announce a multi-year partnership with In-Shape Family Fitness. Formerly California Family Fitness, In-Shape Family Fitness has 63 full-service health clubs across California with over 20 in the Sacramento region. In-Shape Family Fitness will be a proud partner of the Kings for the next three seasons. Read More...
Pickleball Kingdom to Enter Bergen County, New Jersey
Posted: June 25, 2024 in Chains
BERGEN COUNTY, N.J. - Pickleball Kingdom, a premier brand in indoor pickleball, announces its latest expansion into Bergen County, New Jersey. This location underscores Pickleball Kingdom's commitment to providing an unparalleled pickleball experience throughout the state of New Jersey. Read More...
Trive Capital Invests in JF Fitness of North America, a Leading Crunch Fitness Franchisee
Posted: June 21, 2024 in Chains
RICHMOND, VA and DALLAS, TX - Trive Capital ("Trive"), the Dallas-based private equity firm, and 808 Capital Partners ("808") announce their investment into JF Fitness of North America ("JF Fitness"), a leading Crunch Fitness ("Crunch") franchisee serving the Mid-Atlantic and Southeastern U.S. Headquartered in Richmond, Virginia, and founded in 2014 by CEO John Freeland, JF Fitness operates 16 gyms across Virginia, Maryland and the Carolinas. In connection with Trive and 808's investment, JF Fitness acquired Team Roldan, a rapidly growing Crunch franchisee operating eight gyms across Alabama, Georgia and South Carolina. Read More...
PerksFest Is Back: Planet Fitness Offers Deals From Top Brands Just in Time For Summer
Posted: June 19, 2024 in Chains
HAMPTON, N.H. - Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces the return of PerksFest, to further celebrate Planet Fitness members and provide the opportunity to score even deeper deals from popular brands for a limited time. Read More...
Discover Strength and Minnesota Distance Elite Celebrate Partnership Success as Dakotah Lindwurm Heads to the Paris Olympics
Posted: June 19, 2024 in Chains
ST. LOUIS PARK, MN - Discover Strength is proud to celebrate the ongoing success of its partnership with the Minnesota Distance Elite (MDE) Running Training Group. This collaboration has already led to remarkable achievements, including MDE runner Dakotah Lindwurm qualifying for the Paris Olympics this summer! This successful partnership represents a significant milestone for both Discover Strength and the Minnesota Distance Elite Running Training Group. Read More...
Planet Fitness, Inc. Completes Refinancing Transaction; Announces $280 Million Accelerated Share Repurchase Program
Posted: June 18, 2024 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") announces that it has completed its previously announced refinancing transaction. The Company also announces that it has entered into a $280 million accelerated share repurchase agreement (the "ASR Agreement") with Citibank, N.A. (the "Bank"). The Company will acquire shares under the ASR Agreement as part of its $500 million share repurchase authorization previously announced on November 8, 2022 (the "2022 Share Repurchase Program"). As of June 13, 2024, before giving effect to the ASR Agreement, approximately $355 million remained available for share repurchases pursuant to the 2022 Share Repurchase Program. Read More...
Xponential Fitness Announces Appointment of Mark King as Chief Executive Officer
Posted: June 17, 2024 in Chains
IRVINE, CA - Xponential Fitness, Inc. (NYSE: XPOF) (the "Company" or "Xponential Fitness"), one of the leading global franchisors of boutique health and wellness brands, announces that its Board of Directors has unanimously appointed Mark King as Chief Executive Officer effective June 17, 2024. Mr. King will also join the Company’s Board of Directors. At that time, Brenda Morris will cease serving as Interim CEO but will continue to serve as a member of the Company's Board of Directors. Read More...
Crunch Fitness Celebrates Grand Opening of Newest Location in Shawnee, Kansas
Posted: June 13, 2024 in Chains
KANSAS CITY, KS - Fitness Ventures LLC, a Crunch Fitness franchisee, unveils its newest location in Shawnee, Kansas, marking another milestone in the brand's expansion. The grand opening showcases a $5 million investment in a 40,000-square-foot, state-of-the-art fitness facility, designed to cater to a wide range of fitness enthusiasts. Fitness Ventures LLC, one of the largest growing Crunch franchisees, operating in over 25 states, owns Crunch Fitness Shawnee. Read More...
