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Health and Fitness Club Industry News: Chains

Thursday, September 21st, 2017

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Genesis Health Clubs to Purchase Fitness 2000 and All Assets
Posted: August 2, 2017 in Chains

Genesis Health ClubsWICHITA, KS - Fitness 2000 announced that it will sell all its assets to Genesis Health Clubs, effective immediately. Located at 1046 S. Oliver St. in Wichita, KS, and open since 1996, Fitness 2000 was a 22,000 square foot facility, featuring cardio and weight loss equipment and many more amenities. Fitness 2000 owner Mohsen Etezazi indicated that the time is right. “We’ve had a great run, but for personal reasons, it’s time to move on. Fortunately, we’ve worked out an arrangement with Genesis Health Clubs, so our members will now have access to a lot of nearby options for their daily workouts.” Read More...

Town Sports International Holdings Inc. Announces Plans to Acquire Lucille Roberts Health Club Business
Posted: July 14, 2017 in Chains

Town Sports InternationalNEW YORK, N.Y. - Town Sports International Holdings Inc., ("TSI' or the "Company") (Nasdaq: CLUB), owner and operator of New York Sports Clubs (NYSC), announced that it has entered into an agreement to acquire Lucille Roberts Health Clubs businesses. The closing of the transaction is subject to certain conditions. The parties expect the transaction to be closed within the next month. The acquisition will add 16 clubs to TSI's portfolio in the Northeast and Mid-Atlantic regions of the United States. Read More...

ClubCorp Enters into a Definitive Agreement to be Acquired by Certain Investment Funds Affiliated with Apollo Global Management in an All-Cash Transaction Valued at $1.1 Billion
Posted: July 9, 2017 in Chains

ClubCorp - The World Leader In Private Clubs DALLAS, TX and NEW YORK, N.Y. - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC), announced that it has entered into a definitive agreement with affiliates of certain investment funds (the "Apollo funds") managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE:APO), a leading global alternative investment manager, pursuant to which the Apollo funds will acquire all of the outstanding shares of ClubCorp for $17.12 per share in cash, or approximately $1.1 billion. The all-cash transaction represents a premium of approximately 30.7% over ClubCorp’s closing stock price on July 7, 2017. Read More...

ClubCorp Announces 5th Acquisition in 2017 With Purchase of Medina Golf & Country Club in Medina, Minnesota
Posted: June 22, 2017 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announces the acquisition of Medina Golf & Country Club, a formerly member-owned private club, in Medina, Minnesota, just west of downtown Minneapolis. This is the first club in Minnesota for ClubCorp, expanding the company’s presence to 28 states. ClubCorp plans to spend more than $2.5 million over the first two years to reinvent the club bringing new contemporary dining and lifestyle features to the clubhouse and patio, plus improvements to the golf course, golf practice facilities and aquatics. Read More...

The Bay Club Company Expands Southern California Presence With Acquisition of Manhattan Country Club
Posted: June 6, 2017 in Chains

The Bay ClubSAN FRANCISCO, CA - The Bay Club Company (“Bay Club”), a California-based hospitality company, announced the acquisition of Manhattan Country Club (“MCC”), continuing its growth of luxury properties in the California marketplace. Manhattan Country Club will complement the current offerings that Bay Club is recognized for and further expand their Four Points of Focus: fitness, sports, hospitality and family. Read More...

Genesis Health Clubs Continues to Grow as Largest Health Club Provider in Midwest
Posted: April 3, 2017 in Chains

Genesis Health ClubsWICHITA, KS – Genesis Health Clubs has announced that it has purchased HealthRidge Fitness Center in Olathe, Kansas, its 13th Kansas City area location. The facility, now known as Genesis Health Clubs – Olathe Ridgeview, is a massive health club, including strength and cardio equipment, personal training, indoor and outdoor pools, basketball, racquetball, day spa, indoor running track, outdoor fitness trail, CrossFit, over 100 group fitness classes per week and kids programs, including karate. Read More...

ClubCorp Announces Third Acquisition in 2017 with Purchase of Norbeck Country Club
Posted: March 14, 2017 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announces the acquisition of Norbeck Country Club, a premier country club in Rockville, Maryland, just north of Washington, D.C. This marks the third acquisition this year for ClubCorp, which plans a multimillion-dollar reinvention of the club that will feature new dining amenities, and improvements and upgrades to the club over the next two years. Read More...

New York Sports Clubs Takes Over Shuttered David Barton Gym
Posted: March 2, 2017 in Chains

Town Sports InternationalNEW YORK, N.Y. - Town Sports International (TSI) (Nasdaq: CLUB), owner and operator of New York Sports Clubs (NYSC), and Newmark Holdings, a vertically integrated owner, operator, property manager and developer of commercial real estate, announced the acquisition of the former David Barton Gym located at Newmark Holdings' 4 Astor Place in Manhattan's East Village. The 30,000-square-foot space will become one of New York Sports Clubs' collection of Elite clubs featuring the company's newly redesigned brand image and state-of-the-art equipment, facilities and class offerings. Read More...

ClubCorp Reports Sixth Consecutive Year of Record Results, and Announces Acquisition of North Hills Country Club
Posted: February 22, 2017 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE:MYCC) - announced financial results for its fiscal-year 2016 fourth quarter ended December 27, 2016. The fourth quarter of fiscal 2016 and fiscal 2015 consisted of 16 weeks. Fiscal 2016 and fiscal 2015 consisted of 52 weeks. All comparisons are year-over-year. Fiscal 2016 revenue was $1.1 billion, up 3.4%, net income increased $13.6 million to $4.0 million, and adjusted EBITDA was $247.7 million, up 6.2%; Fourth quarter revenue was $345.3 million, up 4.1%, net income increased $11.7 million to $5.4 million, and adjusted EBITDA was $83.3 million, up 4.7%; ClubCorp acquires North Hills Country Club in Glenside, Pennsylvania. Read More...

ClubCorp Acquires Eagle’s Nest Country Club
Posted: February 8, 2017 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announces the acquisition of Eagle’s Nest Country Club, a premier member-owned country club located in Maryland, just north of Baltimore. ClubCorp plans to spend more than $1 million on capital projects that will bring new amenities, improvements and upgrades to the club. Read More...

Genesis Grows as Largest Health Club Provider in the Midwest
Posted: December 28, 2016 in Chains

Genesis Health ClubsWICHITA, KS - Genesis Health Clubs has announced that they have purchased an additional Omaha area club from Nebraska Elite Sports and Fitness Complex. Nebraska Elite Sports and Fitness Complex is a massive 108,000 square foot facility, including fitness floor, indoor running track, cycling studio, weight and cardio machines, spa, dry sauna, steam room, tennis, basketball, volleyball and a full-service day care. In addition, its swimming pool and yoga studio have both been recently remodeled. It is also the home of The Elite Sports Volleyball Teams. Read More...

ClubCorp Acquires Heritage Golf Club
Posted: August 31, 2016 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp -- The World Leader in Private Clubs (NYSE: MYCC) -- announces the acquisition of Heritage Golf Club, a premier private country club in Hilliard, Ohio, just west of Columbus. ClubCorp plans to spend more than $1 million on improvements to the clubhouse, golf course and practice facilities. Read More...

The Bay Club Company Brings Sought-After Golf Amenities To Silicon Valley and San Diego With Acquisition of Two Country Clubs
Posted: July 19, 2016 in Chains

The Bay ClubSAN FRANCISCO, CA - The Bay Club Company, a California-based active lifestyle corporation, announced the acquisition of two new properties: Fairbanks Ranch Country Club in Rancho Santa Fe, CA; and The Golf Club at Boulder Ridge in San Jose, CA, continuing the growth of The Bay Club Company’s top-tier amenities. Both of the newly acquired properties complement the current offerings in the Bay Club portfolio and complete the four-quadrant playbook—focused on fitness, sports, hospitality, and family—to create a modernized lifestyle membership. Read More...

Genesis Health Clubs Now Largest Fitness Provider In Midwest
Posted: June 15, 2016 in Chains

Genesis Health ClubsWICHITA, KS - Wichita-based Genesis Health Clubs vaulted to the top spot of fitness providers in the Midwest, announcing the purchase of an additional nineteen clubs throughout the region for a new total of 44 clubs in operation. The acquisition of 19 locations, included eight clubs from 24 Hour Fitness in the Kansas City metro area, seven clubs in the Omaha metro area, and two additional clubs each in Tulsa, Oklahoma, and Lincoln, Nebraska. This is on the heels of Genesis’ acquisition of four Gold’s Gym locations in the Kansas City Metro in March. Two of the seven Omaha clubs acquired are Gold's Gym locations. Read More...

Gold’s Gym Expands Presence in St. Louis and Oklahoma City with Acquisition of Six 24 Hour Fitness Locations
Posted: June 15, 2016 in Chains

Gold's GymDALLAS, TX - Gold's Gym, announced that it has signed an agreement to acquire all of the 24 Hour Fitness locations throughout the St. Louis and Oklahoma City metro areas. As part of the deal, the six 24 Hour Fitness locations will be rebranded under the Gold's Gym name, establishing the brand as the market leader in these cities with 10 locations in Oklahoma City and 11 locations in St. Louis. Read More...

Genesis Health Clubs Acquires Four Kansas City Area Gold’s Gym Locations
Posted: April 29, 2016 in Chains

Genesis Health ClubsKANSAS CITY, MO - Genesis Health Clubs announced that the company has purchased four corporate-owned Gold’s Gym locations in the Kansas City metro including locations at NW Oldham Parkway in Lee’s Summit; W. 119th Street in Olathe; Ditzler Avenue near Liberty; and North Boardwalk Avenue in Kansas City, MO. The Westport Gold’s Gym is an independently owned and operated franchise location that is not part of this transaction. Read More...

ClubCorp Acquires Santa Rosa Golf & Country Club
Posted: March 16, 2016 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE: MYCC) - announces the acquisition of Santa Rosa Golf & Country Club, a premier, previously member-owned private club in the Sonoma Wine Country of Northern California among award-winning vineyards and historic oaks. ClubCorp plans a multimillion-dollar capital project that will bring improvements to the clubhouse, golf course and practice facilities and pool. Read More...

ClubCorp Acquires Marsh Creek Country Club in St. Augustine, Florida
Posted: February 3, 2016 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp -- The World Leader in Private Clubs (NYSE: MYCC) -- announces the acquisition of Marsh Creek Country Club, a premier private country club in St. Augustine, Florida. ClubCorp plans a capital project that will bring new amenities, improvements and upgrades to the club. Read More...

ClubCorp Acquires Bernardo Heights Country Club
Posted: December 17, 2015 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE: MYCC) - announces the acquisition of Bernardo Heights Country Club, a private, previously member-owned club located in north county San Diego. ClubCorp plans a multimillion-dollar reinvention project that will bring new dining, social and family features that will enhance the club experience. Read More...

Genesis Health Clubs Announces Purchase Of Jayhawk Tennis Center
Posted: December 3, 2015 in Chains

Genesis Health ClubsLAWRENCE, KS - Genesis Health Clubs has officially announced the acquisition of the Jayhawk Tennis Center. Their plans are to expand the center in front of the building and add a mezzanine level to transform the location into a large scale health, fitness and tennis club, similar to some of their other facilities. Read More...

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