Fitness International LLC (parent of LA Fitness) successfully refinanced its credit facilities.
Health Club News
The Fitness Industry is Thriving Post-Panemic
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.
Fitness Real Estate Gets A Muscle Flexing Moment
After suffering deadly blows at the height of the pandemic, the fitness industry has made a triumphant comeback.
Planet Fitness Grew by 1.8 Million Members in 2022, Exceeding Expectations
Planet Fitness had 17 million members at the end of 2022, a growth of 1.8 million members during the year, the company shared on Jan. 10, ahead of its presentation that day at the 2023 ICR Conference.
U.S. Health Club Financial Review: 2019-2021 | Inflation Ease a Positive Sign; Not Yet a Trend. Implications for Commercial Real Estate.
As 2022 comes to a close, many health club and studio owners are seeing revenue and membership increases, even as some estimates put the number of permanent club and studio closures during the past three years at 30 percent, thanks for the COVID-19 pandemic.
National Retail Rents Up 4.4% in Q3; Experiential Tenants Taking Up More Space
Retail property fundamentals remained rock-solid in the third quarter as retailers continues to open more stores than they closed.
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