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Entries in Bay Club Company (3)

Tuesday
Sep012015

Executive Excellence

Having successfully completed a management buyout, the executive vice president of the Bay Club Company is now focusing on expansion.

CBI: The Bay Club Company portfolio is unique and impressive—24 locations on 10 of what you describe as “campuses.” Help us to imagine what one of your typical facilities looks like.

LISA GRAF: Sorry, but there really isn’t a “typical” facility, and, as you’ve observed, that’s one of the things that makes Bay Club unique. So, too, is our campus concept. A campus is a group of clubs that are situated near one another, and that, together, encompass four different quadrants, or types of activity—family, fitness, sport, and hospitality.

CBI: Still a little bit hard to picture. Can you give us an example, and explain your pricing strategy?

LG: Our Santa Barbara campus includes our uptown, downtown, and Goleta facilities, all of which are located on the beautiful Central Coast. The downtown club is a charming boutique facility, located next to the historic Canary Hotel, that offers state-of-the-art equipment, world-class amenities, and the latest group fitness classes; members also can enjoy outdoor yoga on the hotel’s rooftop. The uptown club offers many of the same things, but sits in the historic arts district in the heart of Santa Barbara. For those seeking a mind/body experience in a relaxed and comfortable setting, the Goleta club offers such option as hot yoga and Power Vinyasa yoga.

Read the full interview here.

Click to read more ...

Monday
Oct062014

New ownership for Bay Club Company

Matthew StevensBay Club Company, a San Francisco– based chain with 11 locations across six California campuses, has a new set of owners.

The business, which had been held by an affiliate of the investment firm KSL Capital Partners, LLC, is now owned by York Capital Management and BCC’s management team, which hold a majority interest; and JMA Ventures, an investment and real estate firm, which takes a minority position.

The terms of the transaction were not disclosed.

The new ownership arrangement increases the pool of employee owners from approximately 40 to more than 120 managers and directors.

Founded in 1977, the upscale, active lifestyle company was originally known as Western Athletic Clubs. In 2013, it underwent a rebranding, bringing all of its properties together beneath one premium brand. That rebranding initiative was designed to move BCC deeper into the hospitality industry and position it for expansion.

Over the past several years, BCC, a pioneer of the urban sports resort sector, has assembled a management team of fitness, hospitality, technology, and finance veterans to facilitate its hospitality aspirations.

“The powerhouse combination of Bay Club, York Capital, and JMA will allow us to fully realize our goal of creating active lifestyle campuses throughout California and beyond,” said Matthew Stevens, the president and CEO of BCC. “Each campus will offer members an assortment of luxury amenities and services too vast to be offered at any single location.”

BCC earned a spot in two listings of the 2014 edition of The IHRSA Global 25, which reflects a firm’s performance in 2013: It was No. 19 with respect to Revenues ($132 million); and No. 19 in Revenue Growth, 2012-13 (+12%). 

Monday
Jun302014

The Bay Club Company purchased

The Bay Club Company has been acquired by York Capital Management, with a minor investment by JMA Ventures it was announced recently.

With the deal the number of employee owners will almost triple to about 120. 

The Bay Club was founded in 1977 and was considered one of the first urban sports resorts. It went through a rebraning in 2013 bringing six locations under one premium brand. The current deal will allow the company to broaden its services.

“The powerhouse combination of Bay Club, York Capital, and JMA will allow us to fully realize our goal of creating active lifestyle campuses throughout California and beyond, said Matthew Stevens, president and CEO of The Bay Club Company, in a statement. "Each campus will offer members a well-curated assortment of luxury amenities and services too vast to be offered at any single location.”

For more, read the entire press release.