Health and Fitness Club Industry News: Chains
Friday, April 19th, 2024
First Phase of Life Time at PENN 1 Opens with Luxurious Boutique Studios, Cardio, Strength and Training Offerings and Recovery and Rejuvenation Spaces
Posted: August 21, 2023 in Chains
NEW YORK, N.Y. - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, announces the opening of phase one of its 54,000-square-foot destination at PENN 1, as part of the PENN DISTRICT, located adjacent to Madison Square Garden in the heart of New York City. Read More...
The Falls Debuts Miami’s First-Of-Its-Kind, 120,000-Square-Foot Life Time Athletic Country Club
Posted: August 4, 2023 in Chains
MIAMI, FL - In a first for Miami's shopping center scene, Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, debuts its one-of-a-kind, athletic country club experience at The Falls, a Simon property. The opening marks the company's second location in greater Miami and fourth in South Florida as it continues its nationwide expansion. Read More...
Life Time Continues Expansion with 30th Club Opening in Texas
Posted: July 28, 2023 in Chains
MISSOURI CITY, TX - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brand, announces the opening of Life Time Sienna in Missouri City, Texas. The opening marks the Company's 30th athletic country club in Texas and 12th in the Houston market. Read More...
Life Time Foundation Launches Groundbreaking Solution to Support Healthier School Meals Nationwide
Posted: July 20, 2023 in Chains
CHANHASSEN, MN - Life Time Foundation, the 501(c)(3) charitable arm of Life Time (NYSE: LTH), announces its nationwide launch of a groundbreaking, complimentary digital resource, Green Onion, which is designed to help all school districts, purchasing cooperatives and food distributors analyze their K-12 food products to identify, remove and replace unhealthy ingredients and create positive, sustainable nutritional changes. Read More...
Life Time Athletic Country Club and Life Time Work Opens at The Clarendon Crossing in Arlington, Virginia
Posted: July 14, 2023 in Chains
ARLINGTON, VA - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, announces the opening of a one-of-a-kind athletic country club in Arlington, Virginia. The development is also home to Life Time Work, the company's premium coworking destination. Combined, the new destination makes Life Time a main anchor at The Crossing Clarendon, the multi-block stretch of mixed-used development with shops, restaurants, offices and more, owned by Regency Centers. The development spans 113,000 square feet over four floors, including 85,000 square feet for the athletic club and 28,000 square feet dedicated to Life Time's premium coworking spaces. Read More...
Life Time Announces Summer 2023 Opening of Life Time Sienna in Missouri City, Texas
Posted: June 28, 2023 in Chains
MISSOURI CITY, TX - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, announces the late-summer opening of Life Time Sienna, its 30th destination in Texas. With an outdoor beach club, leisure pools, an expansive workout floor, six dedicated studio spaces and much more, Life Time Sienna will have no shortage of spaces for members to live their healthy, happy life. Read More...
Inaugural ESG Report Highlights Life Time’s 30 Years of Sustainable and Socially Responsible Business Practices
Posted: June 22, 2023 in Chains
CHANHASSEN, MN - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, has released its inaugural Environmental, Social and Governance (ESG) report, reinforcing the company's steadfast commitment to sustainable and socially responsible business practices for more than 30 years. The company's Healthy Way of Life accomplishments are highlighted within three categories: Healthy People, Healthy Planet and Healthy Principles. Read More...
Life Time’s New York City Expansion Continues with Iconic Indoor Pickleball and Athletic Club Destination in the Penn District
Posted: June 20, 2023 in Chains
NEW YORK, N.Y. - Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, announces it is entering into a lease agreement with Vornado Realty Trust (NYSE: VNO) to occupy more than 53,000 square feet on the first three floors of PENN 1, located adjacent to Madison Square Garden in the heart of New York City. The redeveloped 57-story building serves major office tenants and is readily accessible to hundreds of thousands of daily commuters via the most accessible transportation hub in the country. Read More...
Life Time Opens First Luxury Athletic Country Club and Life Time Work in Oregon
Posted: May 31, 2023 in Chains
BEAVERTON, OR - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, officially opened the doors to it first Oregon location in Beaverton, unveiling its newest luxury athletic country club and premium coworking space just outside of Portland. The 190,000-square-foot, three-story Life Time Beaverton athletic country club expands the Company's geographic footprint to 30 states and 42 major markets in the U.S. Read More...
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...
