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Entries in LA Fitness (12)

Monday
Jul022012

LA Fitness, Lifestyle Family Fitness complete deal

LA Fitness and Lifestyle Family Fitness announced today that they have completed their transaction relating to LA Fitness’ purchase of the assets of 32 of the 33 Lifestyle Family Fitness clubs in Florida. The parties hope the closing conditions will be met for the final club, located at 1510 West Swann Ave., in Tampa, in the near future. Since their initial announcement on June 14, both parties have been working to complete the deal and prepare for the transition of the existing Lifestyle Family Fitness member base and staff.

LA Fitness will be honoring all of the active membership agreements that it purchased from Lifestyle Family Fitness. All active Lifestyle Family Fitness multi-club memberships will be honored at their current rate, and these multi-club members will have access to all Lifestyle Family Fitness locations acquired by LA Fitness. Similarly, all active single club members will be honored at their current rate with the same access they have now to the Lifestyle Family Fitness location where they joined. Lifestyle Family Fitness is closing its 31,000-square-foot location at 2349 Vanderbilt Beach Road in Naples as of July 9, and those members will be relocated to the 50,000-square-foot LA Fitness club located nearby at 871 Vanderbilt Beach Road. These relocated members will have use of certain additional amenities at the LA Fitness club, such as a pool and basketball court, at no additional charge. 

Monday
Jun182012

LA Fitness to acquire Lifestyle Family Fitness clubs in Florida

IHRSA President and CEO Joe Moore just announced that LA Fitness and Lifestyle Family Fitness have entered intio a preliminary agreement for LA Fitness to buy Lifestyle's Florida sites.

Moore's release:

LA Fitness and Lifestyle Family Fitness announced today that they have entered into an agreement for LA Fitness to acquire assets relating to all of the Lifestyle Family Fitness clubs in Florida.  The transaction is subject to various closing conditions.  While the parties are hopeful that the transaction will be completed within the next several weeks, there can be no assurance as to when or whether a closing will occur.

Upon closing of the transaction, additional information regarding these clubs will be available on lafitness.com.

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