By CNBC | By Jessica Golden | 08/09/2024
Tired of playing with pickleballs he found inconsistent in bounce and durability, Life Time’s founder and CEO Bahram Akradi decided to take matters into his own hands.
Health Club News
Luxury Health Club Operator Closes Sale-Leaseback Deals in Colorado, Texas
Life Time Fitness Parent Extends Disposition Streak To Reduce Debt Load as It Expands National Real Estate Footprint
24 Hour Fitness Invests in West Coast Clubs
The gym chain will put millions into four of its clubs in the San Francisco Bay Area, and soon, throughout the Western U.S.
Gyms See Foot Traffic Surge in Q1
EōS Fitness, Crunch and Chuze saw the highest YoY visit growth in April while Life Time members spent the most time in club per visit, according to a new report.
Fitness International LLC (LA Fitness) Completes Refinancing
Fitness International LLC (parent of LA Fitness) successfully refinanced its credit facilities.
The Fitness Industry is Thriving Post-Pandemic
Industry Overview
The Fitness Industry is thriving post-pandemic, as a growing population prioritizes their overall health and wellbeing. The pandemic itself brought about new trends in the industry as well, which included fitness operators placing greater emphasis on omnichannel offerings.
Fitness Centers Grown in Importance to Retail Landlords
Combined, the 'Big Four' of restaurants, fitness centers, discounters, and grocers account for a majority of demand for retail space across the United States, responsible for just over 51% of the total amount of retail space leased in 2021 and 2022.
EoS Fitness Acquires Texans Fit Gym Chain
The acquisition brings EoS Fitness’ total club count to 75 open gyms and expands its Texas presence.
Top Regional Gyms – Dominating Local Markets
Fitness went online during the pandemic as stay-at-home orders kept gym-goers inside. But the industry came roaring back as soon as vaccines became widely available and COVID concerns abated. And two players, in particular, are seeing outsized success within their regions.
2022 Revenue for Planet Fitness Increased Nearly 60 Percent
Planet Fitness, Hampton, New Hampshire, reported 2022 revenue of $936.8 million, a 59.6 percent increase, and fourth quarter 2022 revenue of $281.3 million, a 53.2 percent from the same periods in 2021.
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