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Health and Fitness Club Industry News: Chains

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YogaWorks Acquires Yoga Tree San Francisco, Expanding Network Of Studios To Nearly 40 Locations
Posted: June 5, 2015 in Chains

LOS ANGELES, CA - Santa Monica-based YogaWorks, a yoga industry leader offering multiple disciplines of yoga instruction, announced the acquisition of San Francisco-based Yoga Tree, bringing together two strong, authentic yoga brands. The acquisition of eight Yoga Tree studios substantially enhances YogaWorks' existing footprint of five Bay Area studios and increases its studio presence to nearly 40 locations across Northern California, Southern California and New York. Originally founded in Santa Monica, CA in 1987, YogaWorks now operates 38 studios across four markets, a robust interactive online platform, MyYogaWorks, and a best-in-class Teacher Training Program. Following the Yoga Tree acquisition, YogaWorks plans to continue expanding with several additional locations scheduled to open in 2015 to deliver its signature yoga offerings. Read More...

Town Sports International Brings Its Luxury Boutique Brand to Boston
Posted: June 1, 2015 in Chains

BOSTON, MA - Town Sports International (NASDAQ: CLUB), a leading owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States, announced the expansion of its boutique brand, BFX Studio, with the opening of its first Boston location at 699 Boylston Street. The launch of BFX Studio Back Bay follows the success of two locations already open in New York City's Financial District and Chelsea section of Manhattan. Read More...

ClubCorp Holdings, Inc. Completes Repricing of $901 Million Senior Secured Term Loan
Posted: May 28, 2015 in Chains

DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE: MYCC) – announced that it has completed the repricing of its $901 million senior secured term loan. ClubCorp's credit agreement was amended to decrease the rate at which Term B loans bear interest. Read More...

Dan Burns Joins Columbia Association As Director of Sports and Fitness
Posted: May 28, 2015 in Chains

COLUMBIA, MD - Columbia Association (CA) announces the hiring of Dan Burns as its new Director of Sport and Fitness. Burns brings about two decades of experience in fitness operations and sales to CA. His first day at CA will be June 15, 2015 and will mark a return to the East Coast, where he began his career. Read More...

Planet Fitness Plans To Go Public
Posted: May 26, 2015 in Chains

NEW YORK, N.Y. - Planet Fitness, the company known for its low-cost purple-and-yellow gyms, plans to go public. The company said Tuesday that it filed a "draft registration statement" to the Securities and Exchange Commission for an initial public offering. The filing is confidential and the paperwork is sealed from the public. Under the law, companies that have revenue under $1 billion are able to submit confidential IPO drafts to the SEC. Read More...

Life Time Fitness and LTF Merger Sub, Inc. Announce Notes Offering
Posted: May 26, 2015 in Chains

CHANHASSEN, MN - Life Time Fitness, Inc. (NYSE:LTM), The Healthy Way of Life Company (“Life Time”), and LTF Merger Sub, Inc. (the “Issuer”), controlled by affiliates of Leonard Green & Partners and TPG Capital, L.P., announced that the Issuer intends to privately offer, subject to market and other conditions, $600 million in aggregate principal amount of its senior notes due 2023 (the “Notes”). Read More...

$1 Million Scholarship Established at Philadelphia University to Honor Planet Fitness CEO Chris Rondeau
Posted: May 13, 2015 in Chains

PHILADELPHIA, PA - Members of the Planet Fitness family joined together to donate more than $1 million to endow a new scholarship fund at Philadelphia University in honor of Planet Fitness CEO Chris Rondeau. The scholarship, announced by Philadelphia University President Stephen Spinelli Jr. at the Verizon Philadelphia University Celebration of Innovation on May 9, was a surprise to Rondeau. Read More...

ACAC Named a Top Workplace
Posted: May 13, 2015 in Chains

RICHMOND, VA - ACAC Fitness & Wellness Centers have been named a top workplace in Richmond, Virginia. The Richmond Times Dispatch teamed with Workplace Dynamics to survey and rank private, public, government and non-profit organizations with 35 or more employees. Topics for consideration included workplace environment, benefits and pay, work-life balance, and training. Employee engagement, community involvement, and how companies promote diversity also factored in the evaluation. ACAC ranked #3 among large companies in Richmond, Virginia. Read More...

Vida Fitness’ Penthouse Pool Club and Lounge At The Yards To Host ALS Silent Auction on May 29
Posted: May 12, 2015 in Chains

Washington, DC – Raise the rooftop for a great cause! Join VIDA Fitness’ Penthouse Pool & Lounge at The Yards for an upscale rooftop and poolside evening on Friday, May 29 to raise funds for ALS. The social and networking event will include a silent auction to benefit Augie’s Quest, a nonprofit research initiative dedicated to finding a cure for Amyotrophic Laterals Sclerosis (ALS). Read More...

Landon Cassill Hits the Road to the NASCAR Hall of Fame
Posted: May 12, 2015 in Chains

CHARLOTTE, N.C. - With summer right around the corner, Landon Cassill announced that he will run 14 miles to the NASCAR Hall of Fame immediately after competing in the Coca-Cola 600 May 24 at the Charlotte Motor Speedway to inspire fans to get active with Snap Fitness and help support a worthy cause. Read More...

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