Health and Fitness Club Industry News: Chains
Wednesday, October 9th, 2024
Life Time Closes on $65 Million in Sale-Leaseback Transactions
Posted: September 30, 2024 in Chains
CHANHASSEN, MN - Life Time Group Holdings, Inc. (NYSE: LTH) announces that it has closed on two sale-leaseback transactions for two properties for approximately $65 million in gross proceeds. Terms were similar to recent transactions. Additional details were not disclosed. These transactions bring the Company's total gross proceeds from sale-leasebacks to approximately $213 million year-to-date. Read More...
Life Time Announces Nationwide “GO90” Fundraiser Workout to Fight ALS on September 28
Posted: September 12, 2024 in Chains
CHANHASSEN, MN - Life Time (NYSE: LTH) announces the nationwide launch of Life Time x Augie's Quest GO90, a nationwide workout fundraiser to benefit both Augie's Quest to Cure ALS and the Life Time Foundation, two organizations that focus on ALS research and patient care, and youth nutrition, movement and conservation efforts respectively. The event will take place on Saturday, September 28, across Life Time's athletic country clubs. Read More...
Life Time to Expand in Austin, Texas with Luxurious South Lamar Athletic Country Club; Mid-2025 Opening Expected
Posted: August 27, 2024 in Chains
AUSTIN, TX - Life Time (NYSE: LTH) announces plans to bring a new athletic country club to the vibrant South Lamar neighborhood of Austin, Texas as part of the dynamic four-acre mixed-use development - The Bouldin. Construction of Life Time Austin South Lamar is set to begin later this year. A mid- to late-2025 opening is anticipated for this luxurious Life Time location. Read More...
Life Time Files Patent, Announces The Ultimate Pickleball
Posted: August 14, 2024 in Chains
CHANHASSEN, MN - Life Time, which continues to be at the forefront of the fastest-growing sport in America, announces it has filed a patent for The Ultimate Pickleball. Designed to address common issues of inconsistent speed, bounce and durability, the new patent-pending ball will be unveiled during an exclusive event featuring tennis legend and pickleball fan, Andre Agassi, at Life Time's PENN 1 in New York City. Read More...
Life Time Debuts New Athletic Country Club in Westlake, Representing Company’s 13th in Dallas-Fort Worth Area
Posted: August 8, 2024 in Chains
DALLAS, TX - Life Time (NYSE: LTH) has further expanded in Texas and the Dallas-Fort Worth metroplex with the opening of Life Time Westlake. The opening extends Life Time's athletic country club footprint to 33 locations across Texas. Life Time first entered the Dallas-Fort Worth market with the opening of Life Time Plano in 2003. It most recently opened Life Time Las Colinas in April. Read More...
Life Time Names Erik Weaver Chief Financial Officer
Posted: August 1, 2024 in Chains
CHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time," "we," "our," or the "Company") (NYSE: LTH) announces that Erik Weaver has been appointed Executive Vice President & Chief Financial Officer effective August 1, 2024. Mr. Weaver had served as the Company's Interim Chief Financial Officer since January 1, 2024. Read More...
Life Time Reveals Transformed Harbour Island Athletic Club in Tampa
Posted: July 10, 2024 in Chains
TAMPA, FL - With a wait list topping 10,000, Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, announces the highly anticipated opening of its newest Florida destination, Life Time Harbour Island. Spanning nearly 6.5-acres, the Harbour Island location has been entirely transformed following a multi-million-dollar renovation to become Tampa's only luxury athletic and social destination. Read More...
Life Time Closes on $90 Million Sale-Leaseback Transaction
Posted: July 1, 2024 in Chains
CHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announces it closed on a sale-leaseback transaction for two properties totaling $90 million in gross proceeds. This transaction brings the Company's total gross proceeds from sale-leasebacks to $130 million year-to-date. The Company is also in negotiations for additional sale-leasebacks with expected gross proceeds of $40 - $65 million, which it expects to close by the end of the third quarter. Terms are similar to recent transactions. Read More...
Life Time Hosting Exclusive Swim Clinics with Olympian Ryan Lochte
Posted: June 5, 2024 in Chains
CHANHASSEN, MN - Life Time (NYSE: LTH), which operates more than 500 indoor and outdoor pools nationwide, is teaming up with world-renowned swimmer, current World Record Holder, and 12-time Olympic Medalist, Ryan Lochte, to offer a series of swim clinics across several of its athletic country clubs. These exclusive clinics, available for all ages, will provide a unique opportunity to learn from one of the greatest swimmers in history in partnership with Life Time's leading aquatics experts. Read More...
Life Time Closes on $40 Million Sale-Leaseback Transaction
Posted: May 29, 2024 in Chains
CHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announces that it closed on a sale-leaseback transaction for approximately $40 million in gross proceeds. The transaction involved one property with an institutional real estate investor that owns another Life Time destination. The transaction terms were not disclosed. Read More...
Life Time and Microsoft Partner on Launch of AI-Driven Companion for Members: L.AI.C
Posted: May 28, 2024 in Chains
CHANHASSEN, MN - Life Time (NYSE: LTH) announces the launch of L.AI.C ("lay-see"), the first generative, AI-driven Healthy Way of Life personal companion for its members. Now rolling out in beta via the Life Time member app, L.AI.C represents the latest innovation in the company's relentless pursuit to help people live healthier, happier lives. Read More...
Life Time App Now Complimentary – Inspiring Healthy, Happy Lives Nationwide
Posted: May 16, 2024 in Chains
CHANHASSEN, MN - Just as Life Time (NYSE: LTH) continues to add to its portfolio of athletic country clubs across the nation, now totaling more than 170 across 31 states and 43 major markets including Toronto, the company is taking its commitment to inspire healthy, happy lives one step further by making its Life Time app free to everyone. Read More...
Life Time and lululemon Announce New Partnership
Posted: May 8, 2024 in Chains
CHANHASSEN, MN - As pickleball remains the fasting growing sport for the third year in a row, Life Time (NYSE: LTH) and lululemon (NASDAQ: LULU) have announced a new partnership naming lululemon as an official apparel partner of Life Time pickleball and tennis. The new collaboration came to life on May 4th at a major pickleball event at Life Time PENN 1, one of Life Time's newest luxury athletic club destinations, featuring seven street level pickleball courts, the most in New York City. Read More...
Life Time Opens 12th Athletic Country Club in Dallas-Fort Worth with Debut of Life Time Las Colinas
Posted: May 1, 2024 in Chains
DALLAS, TX - Life Time (NYSE: LTH) continues its growth in Texas with two new athletic country clubs opening in the coming months. Located in Irving, Life Time Las Colinas opened April 26. Later this summer, the nearby Life Time Westlake will debut. A waitlist is now open. Read More...
Life Time Appoints James LaValle Chief Science Officer
Posted: April 29, 2024 in Chains
CHANHASSEN, MN - Life Time (NYSE: LTH) announces the appointment of James LaValle, clinical pharmacist, C.C.N.M.T. as Chief Science Officer. LaValle will spearhead the development and implementation of scientific initiatives and strategic relationships to support MIORA, Life Time's new longevity and performance program launched in late 2023, including the first dedicated MIORA clinic at Life Time Target Center in Minneapolis. Read More...
Life Time Opens Second Athletic Country Club in Brooklyn, New York
Posted: April 22, 2024 in Chains
NEW YORK, N.Y. - Life Time (NYSE: LTH) is continuing its expansion across New York with the opening Life Time Atlantic Avenue in Brooklyn. The new 37,000-square-foot athletic country club is located at the Brooklyn Crossing development in Prospect Heights and comes just days after the April 15 debut of Life Time PENN 1, featuring the most indoor Pickleball courts in New York City. Read More...
New York City’s Largest Indoor Pickleball Destination Opens in The Penn District as Life Time Expansion Continues
Posted: April 15, 2024 in Chains
NEW YORK, N.Y. - As New Yorkers' passion for pickleball and all things wellness continues to grow, Life Time (NYSE: LTH) is bringing an entirely new experience to office workers, commuters and neighborhood residents in the heart of The Penn District with the opening of Life Time PENN 1. Read More...
Life Time Opens its First Ground-Up Pickleball Destination Featuring Eight Indoor and Seven Outdoor Courts
Posted: April 8, 2024 in Chains
CHANHASSEN, MN - Life Time (NYSE: LTH) is celebrating National Pickleball Month with the opening of its first dedicated, ground-up pickleball development. Life Time Chanhassen Pickleball is located adjacent to the Life Time Chanhassen, Minnesota athletic country club and the company's headquarters. Spanning a total of nearly 46,000 square feet, the club features eight indoor and seven outdoor courts with accompanying viewing areas, a bar and lounge, dressing rooms, retail and more. Read More...
Life Time Announces Opening of Denver West Athletic Country Club, Company’s Seventh Colorado Location
Posted: April 1, 2024 in Chains
DENVER, CO - Marking its seventh location in Colorado, Life Time (NYSE: LTH) announces the opening of Life Time Denver West. The new athletic country club expands the company's presence in Colorado to seven locations and brings a unique health, wellness and work experience to the foothills of Wheat Ridge. The three-story, nearly 111,000-square-foot destination features luxurious spaces to help people live their healthiest and happiest lives, from 90 days old to 90. Read More...
Life Time Grows Garden State Presence to Eight with Opening of Life Time Middletown – Red Bank in New Jersey
Posted: February 28, 2024 in Chains
MIDDLETOWN, N.J. - Marking its first, ground-up athletic country club opening of 2024, Life Time (NYSE: LTH), the nation's premier healthy way of life brand, is now welcoming members to Life Time Middletown - Red Bank the company's eighth destination in New Jersey, and first in Monmouth County. Its debut on February 27 follows the late-January opening of its nearby Life Time Work premium coworking space. Altogether, residents now have a unique health, wellness and work experience like no other. Read More...
