Today, Xponential Fitness, Inc. announced an exclusive development agreement with Fitness International, LLC, which operates LA Fitness and City Sports Clubs.
Health Club News
Fitness Segment Was Strong During Pandemic
CNBC News Features Marcus & Millichap’s President and CEO Hessam Nadji.
Real Estate Resilience Fuels Growth in Post-Pandemic Rejuvenation
Rating Action: Moody’s upgrades Fitness International’s CFR to Caa1 following preferred equity raise; outlook is positive
New York, June 01, 2021 -- Moody's Investors Service, ("Moody's") upgraded Fitness International, LLC's ("Fitness International") Corporate Family Rating ("CFR") to Caa1 from Caa3, Probability of Default Rating to Caa1-PD from Caa3-PD, and first lien bank credit facilities ratings (revolver and term loans) to B3 from Caa3. The outlook is positive.
Fitness Deep Dive – May 2021
Many pessimistic predictions were voiced about the future of gyms at the height of the pandemic. The fitness sector’s future seemed bleak as memberships were frozen and/or canceled en masse, and surveys showed that most Americans didn’t plan to renew their gym memberships after the pandemic. But, as we know, the best-laid plans of mice and men often go awry - and in this case, gyms look to be the
GYMS Act Introduced In U.S. Senate
The Gym Mitigation and Survival (GYMs) Act was introduced in the U.S. Senate on May 13. This follows the Feb. 5 introduction of a companion GYMS Act bill in the U.S. House of Representatives where it now has more than 110 sponsors.
U.S. Senator Tammy Duckworth (D-IL), member of the U.S. Senate Committee on Small Business and Entrepreneurship, and U.S. Senator Jerry Moran (R-KS) introduced
Fitness Is A Top Resolution For Americans In 2021, Survey Says
Ninety-one percent of Americans with a 2021 New Year’s resolutions made one related to fitness, according to a survey released by Planet Fitness, Hampton, New Hampshire. The survey of 1,003 American adults was conducted by Kelton Global.
Eighty-four percent of those surveyed said they were making a 2021 resolution.
Returning Gym Members Are Confident in Safety Protocols at Their Gyms, Survey Found
Eighty-eight percent of people who have returned to their gyms after the lifting of COVID-19-related shutdowns say that they are confident in their gym’s safety protocols, according to a survey by IHRSA and Kelton Global.
Results of the survey, which was of gym members in the United States, are included in the report, “The COVID Era Fitness Consumer.”
Gold’s Gym International To Be Acquired By German Company RSG Group For $100 Million
Gold’s Gym International, Irving, Texas, is set to be acquired by RSG Group GmbH, a fitness brand operator in Europe, Germany, according to a media release from RSG Group.
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NNN Fitness Closes More Health Clubs Than Any Other Firm
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