CNBC News Features Marcus & Millichap’s President and CEO Hessam Nadji.
Real Estate Resilience Fuels Growth in Post-Pandemic Rejuvenation
Health Club News
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.
Lease Strategies To Maximize Value
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On a daily basis we are advising private clients and institutional landlords as well as local and regional health club tenants on a mutually beneficial plan in today’s ever-changing market.
NNN Fitness Closes More Health Clubs Than Any Other Firm
Our team is dedicated to being true experts in the field and achieving exceptional results, one property at a time, for one client at a time. We invite you to see how we can help you achieve your goals today, tomorrow and for years to come.
Insights From Planet Fitness On Its Response To The COVID-19 Pandemic And Its Effect On The Company
On May 5 in its release of its first quarter 2020 financials and in a call with financial analysts, the executive team at Planet Fitness shared the steps it took to mitigate the financial effects of the government-mandated closures of health clubs that began in mid-March.