Health and Fitness Club Industry News: Chains
Sunday, May 28th, 2023
Life Time Debt Upgraded by S&P Global; Completes Term Loan B Refinancing
Posted: May 9, 2023 in Chains
CHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announces that S&P Global Ratings ("S&P Global") has upgraded the Company's issuer credit rating to 'B' from 'B-'. As reasons for the upgrade, S&P Global cited improving performance, including membership, revenue and EBITDA trends and steps the Company is taking to continue to improve its balance sheet and reduce leverage. Read More...
JOOLA Becomes Official Paddle Sponsor of Life Time Pickleball
Posted: April 26, 2023 in Chains
NEW YORK, N.Y. - JOOLA announces an agreement with Life Time (NYSE: LTH), one of the nation’s premier healthy lifestyle brands, to serve as an exclusive sponsor of Life Time Pickleball. JOOLA will be the primary pickleball paddle sponsor across all Life Time athletic country clubs offering indoor and outdoor pickleball courts. Members will have access to use JOOLA paddles during open play and Life time’s branded adult beginning Play Learn Love program, and paddles will also be available for sale at Life Time’s Pro Shops, LifeCafes and online. Read More...
Life Time Closes on $45 Million Sale-Leaseback Transaction
Posted: April 21, 2023 in Chains
CHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announces that the company closed on a sale-leaseback transaction for approximately $45 million in gross proceeds on April 20, 2023. The transaction involved one property and was with an institutional real estate investor that has completed multiple sale-leaseback transactions with Life Time. Read More...
Harbour Island Athletic Club in Tampa and Atlanta’s Athletic Club Northeast to Become Life Time Athletic Country Clubs
Posted: April 7, 2023 in Chains
CHANHASSEN, MN - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, announces it has entered into new and extended long-term leases with RMR Group for the Harbour Island Athletic Club in Tampa, Florida and Atlanta's Athletic Club Northeast in North Druid Hills. Both clubs closed earlier this year and will reopen as Life Time athletic country clubs in the coming months, offering Life Time's comprehensive array Healthy Way of Life programs and services for everyone seeking healthy, active lives. Read More...
Nationwide Ride of a Life Time Cycling Event on April 29 Aims to Raise $1.5 Million to Improve Children’s Health
Posted: March 29, 2023 in Chains
CHANHASSEN, MN - As statistics continue to show a decline in children's health, from nutrition to physical movement and overall well-being, for the third year, Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, is aiming to make a difference by hosting its Ride of a Life Time charity cycle event on April 29 across its portfolio of athletic country clubs nationwide and virtually via the Life Time digital app. Read More...
Life Time Bringing its Luxury Living Residences to Burlington, Massachusetts This Spring
Posted: March 22, 2023 in Chains
CHANHASSEN, MN - Life Time (NYSE:LTH), one of the nation's premier healthy lifestyle brands, is bringing its one-of-a-kind Life Time Living experience to Burlington, Massachusetts with the debut of luxury-for-lease residences, which are set to open in Summer 2023. Construction is underway on the five-story, 167-unit development that will share a campus with the existing Life Time Burlington athletic country club, creating a 13-acre healthy living, healthy aging, healthy entertainment village for residents and members. Read More...
Life Time Expands Presence in Orange County with Athletic Country Club Opening at Lakeshore Development in Irvine
Posted: March 15, 2023 in Chains
IRVINE, CA - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, opens its newest location, Life Time Lakeshore-Irvine. The 94,000-square-foot athletic country club joins Laguna Niguel and Rancho San Clemente as the company's third Orange County destination. Read More...
Life Time Brings Luxury Athletic Country Club Experience to Scottsdale, Arizona
Posted: March 8, 2023 in Chains
SCOTTSDALE, AZ - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, debuts Life Time Scottsdale Fashion Square, a one-of-a-kind, 50,000-square-foot athletic country club. The opening marks the latest, and most unique, addition to Macerich's Scottsdale Fashion Square's luxury redevelopment with its members-only health and wellness offerings. Read More...
Life Time Signs New Sale-Leaseback Letter of Intent for $45 Million, Adding to Previously Announced Sale-Leaseback Transactions of $78 Million
Posted: March 2, 2023 in Chains
CHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announces that the company has entered into a non-binding letter of intent for the sale-leaseback of one property in a transaction totaling approximately $45 million in gross proceeds. The proposed transaction is with an institutional real estate investor that has completed multiple sale-leaseback transactions with Life Time previously. The parties intend for the sale and leaseback of the property to be completed in May 2023. Terms are consistent with the company's past transactions. Read More...
Women’s Health Teams with Life Time to Celebrate 6th Annual National Workout Buddy Day on Wednesday, March 1
Posted: February 28, 2023 in Chains
NEW YORK, N.Y. - Women's Health, the most established women's wellness media brand, has teamed up with Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, for National Workout Buddy Day on Wednesday, March 1. The sixth annual fitness holiday event will be celebrated with a series of workout classes streamed live by Women's Health and Life Time, and through in-club experiences across Life Time's portfolio of more than 160 destinations. Read More...
Manhattan’s First Permanent Indoor Pickleball Courts Debut at Life Time Sky
Posted: February 20, 2023 in Chains
NEW YORK, N.Y. - Life Time (NYSE: LTH), the country's largest owner and operator of pickleball courts across its network of luxury athletic country clubs, announces the opening of Manhattan's first permanent indoor pickleball courts at Life Time Sky, located at The Moinian Group's Sky luxury apartment building in Midtown West. Bahram Akradi, Life Time Founder, Chairman and CEO, world-ranked professional pickleball player Simone Jardim and pickleball pros and coaches from several of Life Time's Tri-State area locations officially christened the courts with high-level play. Read More...
Life Time City Centre Debuts Best in Class Squash Center with Nine Courts and Stadium Seating
Posted: February 1, 2023 in Chains
HOUSTON, TX - Life Time, (NYSE: LTH), one of the nation's premier healthy lifestyle brands, has upgraded its racquet sports experience at Life Time City Centre with an $800,000 investment into a new state-of-the-art squash complex. The new area features five additional courts, including an all-glass court with stadium seating available for events and large-scale squash tournaments. The existing four squash courts have also been renovated for a total of nine. Read More...
Life Time Signs Letters of Intent for $78 million in Sale-Leaseback Transactions
Posted: January 31, 2023 in Chains
CHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announces that the company has entered into non-binding letters of intent for the sale-leaseback of two properties in transactions totaling approximately $78 million with institutional real estate investors that have completed multiple sale-leaseback transactions with Life Time previously. Read More...
Life Time Expansion in New York City Continues with Opening of Seventh Location
Posted: January 18, 2023 in Chains
NEW YORK, N.Y. - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, debuts Life Time Midtown, a one-of-a-kind, 28,000-square-foot athletic country club, furthering the company's rapid expansion in New York City, marking its seventh location and fifth in Manhattan, specifically. Read More...
Life Time, The Brodsky Organization and Greenland USA Announce New Life Time Athletic Country Club at Brooklyn Crossing In 2024
Posted: January 11, 2023 in Chains
NEW YORK, N.Y. - The Brodsky Organization and Greenland USA announce the forthcoming addition of Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, to its recently opened Brooklyn Crossing development in Prospect Heights, Brooklyn. This relationship will bring the coveted Life Time athletic club experience to the 51-story residential tower in the heart of the borough in 2024. Read More...
Life Time Sky New York City to Expand with Dedicated Indoor Pickleball Club and Alpha Training Experience in Early 2023
Posted: January 4, 2023 in Chains
NEW YORK, N.Y. - Life Time (NYSE: LTH), the country's largest owner and operator of pickleball courts across its network of luxury athletic country clubs, is bringing pickleball to New York City with the announced addition of indoor, street-level courts to Life Time Sky, located at The Moinian Group's high-end residences in Hell's Kitchen. Additionally, the expansion will feature space dedicated to the company's renowned Alpha strength and conditioning training program. Construction has started with an anticipated opening by early February 2023. Read More...
Life Time Announces Top Health and Fitness Trends for 2023
Posted: January 2, 2023 in Chains
MINNEAPOLIS, MN - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands with more than 160 athletic country clubs across North America, is keeping tabs on the emerging trends in all-encompassing wellness as we start 2023. Every year brings changes in trends, industries, technology and discoveries that impact our day-to-day lives. To stay ahead of the game, Life Time worked with its various experts (Personal Trainers, Registered Dietitians, Coaches) to share predictions on what they see coming in 2023 for health, fitness, nutrition and mental wellness... Read More...
Life Time Unveils New 52,000-Square-Foot Athletic Club at Station Landing in Medford, Massachusetts
Posted: December 14, 2022 in Chains
BOSTON, MA - Life Time (NYSE: LTH), the nation's premier Healthy Way of Life brand, has opened Life Time Medford at Station Landing, a one-of-a-kind athletic club in the heart of Medford, Massachusetts. The 52,000-square-foot destination is the fourth in Middlesex County and sixth in Massachusetts. Medford Mayor Breanna Lungo-Koehn officially welcomed new members to the club with a commemorative ribbon-cutting ceremony. Read More...
Life Time Buckhead at Phipps Plaza Debuts
Posted: December 8, 2022 in Chains
CHANHASSEN, MN and ATLANTA, GA - Life Time Buckhead at Phipps Plaza has opened as the newest anchor in the redeveloped Phipps Plaza in Atlanta. The 127,000-square-foot destination occupies five stories at Simon's iconic property and brings together Life Time's (NYSE: LTH) one-of-a-kind athletic club and Life Time Work premium co-working experience. Read More...
Life Time’s Fourth Maryland Club Opens at Annapolis Town Center
Posted: November 30, 2022 in Chains
ANNAPOLIS, MD - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, announces the opening of Life Time Annapolis. Located at Annapolis Town Center, just minutes from the United States Naval Academy, Life Time's fourth Maryland club complements the center's entertainment, dining and shopping experience and adds to its growing health and wellness offerings. Read More...
