Health and Fitness Club Industry News: Chains
Friday, August 7th, 2026
Crunch Franchise Announces Its Newest Location in Moorestown, New Jersey
Posted: August 16, 2018 in Chains
MOORESTOWN, N.J. - Crunch Franchise announced the opening of a 26,000 square-foot gym with state-of-the-art equipment and amenities in Moorestown, New Jersey. Opening on November 1, the new expansive club will be located in the popular Eastgate Square shopping center next to the Moorestown Mall. Fusing fitness with entertainment to make serious exercise fun, Crunch Moorestown will offer top-quality cardio and strength training equipment, half-hour circuit training, personal training, a functional training area with indoor turf, The Ride classes, a dedicated group fitness studio, tanning, HydroMassage, online nutrition guidance and more. Read More...
Planet Fitness, Inc. Announces Second Quarter 2018 Results
Posted: August 9, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE : PLNT) reported financial results for its second quarter ended June 30, 2018: Total revenue increased from the prior year period by 31.0% to $140.6 million. System-wide same store sales increased 10.2%. Net income attributable to Planet Fitness, Inc. was $25.9 million, or $0.29 per diluted share, compared to net income attributable to Planet Fitness, Inc. of $12.4 million, or $0.16 per diluted share in the prior year period. Net income was $30.4 million, compared to net income of $18.0 million in the prior year period. Adjusted net income increased 53.3% to $33.2 million, or $0.34 per diluted share, compared to $21.7 million, or $0.22 per diluted share in the prior year period. Adjusted EBITDA increased 21.8% to $58.4 million from $47.9 million in the prior year period. 44 new Planet Fitness franchise stores were opened during the period, bringing system-wide total stores to 1,608 as of June 30, 2018. Read More...
Fitness Phenom Megan Roup Launches The Sculpt Society Exclusively at Equinox Fitness Clubs
Posted: August 8, 2018 in Chains
NEW YORK, N.Y. - Equinox, the high-performance lifestyle leader, announced the exclusive launch of Megan Roup’s @thesculptsociety, one of social media’s most buzzed-about workouts, at Equinox Fitness Clubs. A favorite among celebrities, models and influencers alike, The Sculpt Society was first introduced at Equinox’s talent-incubator space, PROJECT by Equinox, to waitlist-only crowds. The offering, which has since amassed a cult following in New York City and across social media, is now be available at eight Equinox clubs in New York City, with plans for additional clubs later in 2018 and into 2019. 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...
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...
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...
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...
