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Health and Fitness Club Industry News: Chains

Monday, May 23rd, 2022

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Life Time Closes on $175 Million in Sale-Leaseback Transactions Year To Date
Posted: May 16, 2022 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announces it has now closed on sale-leaseback transactions involving four of its owned properties totaling $175 million. Read More...

Pickleball Players Find Their Paradise at Life Time
Posted: April 13, 2022 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Pickleball, the game with the funny name that so many people are playing these days, recently earned the title of America's Fastest-Growing Sport... for the 2nd year in a row. Now, Life Time (NYSE: LTH), the nation's leading healthy way of life company, is poised to become the largest, most premier pickleball destination in the United States. Read More...

Life Time Delivers an Ultimate Boutique Experience as Ultra Fit Rolls Out Joining Alpha and GTX Small Group Offerings
Posted: April 12, 2022 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - As health-conscious consumers evaluate how and where they spend their time and resources, following more than two years of upheaval to their wellness routines, Life Time, the nation's premier Healthy Way of Life brand (NYSE: LTH), is delivering an ultimate boutique experience for its members with the nationwide rollout of Ultra Fit, Life Time's most intense workout designed to strengthen bodily systems for a higher metabolism, improved hormonal response and other physiological changes. Read More...

Ride of a Life Time Cycling Event Aims to Raise One Million Dollars to Improve Children’s Health
Posted: March 30, 2022 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - So many aspects of our lives have been adversely impacted over the last two years, including the physical and nutritional health of our children. To help improve this, Life Time, one the nation's premier healthy lifestyle brands (NYSE: LTH), is inviting everyone to raise money for local children's hospitals and schools during its annual Ride of a Life Time charity cycle event on Saturday, April 30th. Read More...

As Pickleball Explodes, Life Time Announces Grand Opening for its First Pickleball-Only Destination at Bloomington North
Posted: February 23, 2022 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time, the nation's premier Healthy Way of Life brand (NYSE: LTH), has announced the opening of its first-ever pickleball-only destination at Life Time Bloomington North. Following a multi-million dollar renovation, Life Time Bloomington North will open with five international competitive level pickleball courts and a dedicated viewing area for open play and tournaments. Later this year, a full bar and lounge space will open for post-play social gatherings and events. The world-class pickleball destination is part of Life Time's commitment to be the largest indoor pickleball provider in North America. Read More...

Life Time Expands Footprint in Dallas/Fort Worth with Opening of 124,000-Square-Foot Luxury Athletic Resort in Frisco
Posted: February 16, 2022 in Chains

Life Time  - The Healthy Way Of Life CompanyFRISCO, TX - Life Time, the nation's premier Healthy Way of Life brand (NYSE: LTH), has opened its tenth destination in the Dallas/Fort Metroplex. Life Time Frisco features 124,000 stunning square-feet of health/wellness spaces and comprehensive programs and services designed to help people live healthy, active lives. Over 220 employees are serving members from 3 months old to 90+ in their pursuit of healthy living and healthy aging. Read More...

Life Time Signs Letter of Intent for $175 Million in Sale-Leaseback Transactions
Posted: February 9, 2022 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announces that Life Time has entered into a non-binding letter of intent for the sale-leaseback of four properties in transactions valued at $175 million with an institutional real estate investor that has entered into multiple sale-leaseback transactions with the company previously. Read More...

Life Time Expands Chicago Presence with Opening of First Downtown Chicago Athletic Resort at River North
Posted: February 1, 2022 in Chains

Life Time  - The Healthy Way Of Life CompanyCHICAGO, IL - Life Time, the nation's premier Healthy Way of Life brand (NYSE: LTH), has announced its new Chicago flagship and first-of-its-kind healthy lifestyle destination in downtown Chicago is now open 24 hours a day, seven days a week. Life Time River North at One Chicago is located within the new One Chicago development, the city's tallest residential building. The club was designed with healthy living top-of-mind for kids and adults alike, and it spans 126,000-square-feet across two floors with truly unparalleled, healthy way of life experiences and amenities. Read More...

Life Time Expands Kid-Friendly Classes with Launch of Ringside and Warrior Sculpt
Posted: January 24, 2022 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, continues bringing more ways for kids to engage in their health by adding to its already robust Kids' programming with the launch of new kids' versions of its most popular group studio classes. Rolling out this month, kids aged 5 to 13 can experience Life Time's exclusive Ringside and Warrior Sculpt classes designed for kids and tweens. Read More...

A Healthy Place for All – Life Time Launches ARORA Program for Active Agers
Posted: January 12, 2022 in Chains

Life Time  - The Healthy Way Of Life CompanyMINNEAPOLIS, MN - Life Time, the nation's premier Healthy Way of Life brand (NYSE: LTH), has announced the nationwide launch of ARORA. Created for baby boomers and beyond, ARORA was developed for individuals who want to stay active, fit, healthy and social every day of their lives. The launch of ARORA programming and events solidify Life Time's mission and position as the champion for those 90 days to 90+ years in the healthy living, healthy aging and healthy entertainment space. Read More...

America’s Fastest Growing Sport Comes to Boca Raton with Opening of Eight New Outdoor Pickleball Courts at Life Time Athletic Resort
Posted: January 4, 2022 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - As pickleball continues its takeover as the fastest growing sport in the country, Life Time, the nation's premier Healthy Way of Life brand (NYSE: LTH), is bringing its premier pickleball experience to Life Time Boca Raton with the opening of eight outdoor pickleball courts. Read More...

Life Time Expansion Continues with Planned, New Athletic Resort within McKinney’s Craig Ranch Development in Late 2022
Posted: December 15, 2021 in Chains

Life Time  - The Healthy Way Of Life CompanyDALLAS, TX - Life Time Group Holdings, Inc. ("Life Time") (NYSE: LTH), one of the nation's premier Healthy Way of Life brands, announces plans to open a new 100,000-square-foot athletic resort destination as part of the 80-acre mixed-used Craig Ranch development in McKinney, Texas. Life Time came to an agreement with the former owners of Craig Ranch Fitness & Spa for the closure and purchase of the club. Following a multi-million-dollar renovation, the destination will reopen as one of Life Time's iconic athletic resorts, its 12th in the Dallas-Fort Worth greater market area, following the early 2022 opening of Life Time Frisco. Read More...

Life Time Digital Expands with Launch of Virtual Weight Loss Programs this Holiday Season
Posted: December 1, 2021 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time") (NYSE: LTH), the nation's premier omnichannel lifestyle brand, is continuing to expand its digital offerings with its most popular and all-new weight loss and healthy living programs on Life Time Digital. These programs may be accessed and used both inside the company's more than 150 athletic resorts or anywhere and anytime that fits members' needs. Read More...

Life Time Brings First-Ever Luxury Athletic Resort and Coworking Destination to Downtown Chicago with Life Time River North at One Chicago
Posted: November 11, 2021 in Chains

Life Time  - The Healthy Way Of Life CompanyCHICAGO, IL - Life Time Group Holdings, Inc. ("Life Time") (NYSE: LTH) is set to bring a first-of-its-kind healthy lifestyle destination to Chicago's River North neighborhood, opening in early 2022. Life Time River North at One Chicago, the city's tallest residential building and sixth tallest in Chicago's skyscape, brings unparalleled amenities to One Chicago residents and the neighborhood at-large, with 126,000+ square feet of luxurious spaces designed for the ultimate healthy lifestyle. Read More...

Life Time Announces Third Quarter Fiscal 2021 Financial Results
Posted: October 28, 2021 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announced its financial results for the fiscal third quarter ended September 30, 2021. Third Quarter 2021 Results and Prior Year Comparisons: Total revenue increased 66.7% to $385.0 million from $231.0 million. Comparable center sales increased 58.7%. Center memberships increased 16.7% to 668,310 as of September 30, 2021, from 572,811 as of September 30, 2020. Net loss improved to $(45.4) million from $(93.6) million and included tax-effected expenses of $3.2 million related to share-based compensation and $2.0 million primarily related to non-recurring losses incurred on a sale-leaseback of one of our centers. Adjusted EBITDA increased to $47.0 million from $(12.4) million. Read More...

Life Time Announces Closing of $702 Million Initial Public Offering
Posted: October 13, 2021 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time") (NYSE: LTH) announces the closing of its initial public offering of 39,000,000 shares of its common stock at a public offering price of $18.00 per share, resulting in total gross proceeds of $702,000,000 before deducting the underwriting discounts and other offering expenses. The shares of Life Time's common stock began trading on The New York Stock Exchange under the symbol "LTH" on October 7, 2021. Read More...

Life Time Announces Pricing of Initial Public Offering
Posted: October 6, 2021 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time") announced the pricing of its initial public offering of 39,000,000 shares of its common stock, at a public offering price of $18.00 per share. Shares of Life Time common stock are expected to begin trading on The New York Stock Exchange under the symbol "LTH" on October 7, 2021. The offering is expected to close on October 12, 2021, subject to the satisfaction of customary closing conditions. Read More...

Life Time Launches Nationwide Youth Athletic Training Program: GameFace Sport
Posted: September 29, 2021 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - With school athletic programs becoming increasingly competitive and more athletes seeking specialized training than ever before, Life Time, one of the nation's premier omnichannel healthy lifestyle brands, has launched athletic training programs across its resorts as part of its new GameFace Training offering. At most of its more than 150 destinations, Life Time is launching GameFace Sport, an athletic training fundamentals class for kids aged 8 - 13. Read More...

Life Time Brings Wellness-Focused Coworking Destination to Downtown Minneapolis as Remote Work Trend Continues Growth
Posted: September 23, 2021 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - As more companies are moving toward a hybrid work model and employees are settling into a remote work life, Life Time, one of the nation's premier healthy lifestyle brands, opened its eighth Life Time Work destination (the third in the Twin Cities) to provide a centrally-located option for members seeking to be adaptable, engaged and healthy at work. Read More...

Life Time Announces Filing of Registration Statement for Proposed Initial Public Offering
Posted: September 13, 2021 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time") announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Life Time intends to apply to list its common stock on The New York Stock Exchange under the symbol "LTH". Read More...

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