Press & News

Press & News

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YogaWorks Acquired by Private Equity Firm

YogaWorks, a Los Angeles-based company that operates 29 studios in California and New York, was sold to the Boston-based private equity firm Great Hill Partners earlier this month. The yoga studio’s parent firm, Highland Capital Partners, sold the company for about $45 million, according to the Wall Street Journal. In addition to studio-based classes, YogaWorks produces online courses and videos through MyYogaWorks and has an established teacher-training progam. “The popularity of yoga is on the rise and has been for years,” says Eric Willin, COO of EZFacility, a fitness facility management software developer in Woodbury, New York. “Investing in a yoga studio is simply a good business decision, especially if the studio is an established brand with the potential to…

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Weight Watchers Enters the Fitness Business

Weight Watchers International, Inc., the largest weight-management company in the world, recently combined its famous nutrition and diet programs with a remote fitness component. The company acquired Wello, an app that provides exercisers with online workouts and live classes. “I’m impressed with Wello’s talent, their technology, and their platform to deliver personalized services,” Dan Crow, Weight Watchers chief technology officer, said in a statement. “We look forward to combining our technology and innovation capabilities to better meet the needs of today’s consumer.” Eric Willin, COO, of EZFacility, a fitness facility management software developer, noted the growing presence of digital services in the fitness industry. “Every day, we’re seeing more and more businesses take advantage of technology to enhance exercise, increase…

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Ohio Hospital in Deal to Take Over Fitness Center

In a move toward expanding its services, Pomerene Hospital in Millersburg, Ohio, is finalizing a deal to take over a local fitness center. The deal, still in the works, will give the hospital management over Kinetics Fitness for Life, which offers exercise equipment, studio classes, cardio programs, and wellness sessions to nearly 500 members. According to the newspaper The Daily Record, Pomerene’s chief financial officer, Jason Justus, said during a recent hospital board meeting that managing and running the fitness center would allow the hospital to align its services with reform in the health industry, emphasizing wellness and preventative care. “With the recent passing of the ACA [Affordable Care Act] health reform, one of the changes has been extending care…

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New Jersey Offers Giant Tax Credit to 76ers to Build Practice Space in Camden

The State of New Jersey has awarded the Philadelphia 76ers $82 million in tax credits over 10 years to build a practice facility in Camden, New Jersey. The deal has been called one of the most generous in state history. In a dollar-for-dollar exchange, the Sixers are allowed to recoup their costs, up to $82 million, for construction of a cutting-edge facility that will serve as team headquarters. Slated to occupy 120,000 square feet on Camden’s waterfront, the facility will provide practice space and equipment to the Sixers, and will include two basketball courts, a fitness training and rehabilitation space, player and coaching staff locker rooms, an audio-video review room, broadcast media facilities, a player lounge, support facilities, and office…

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Towson University Sports Center To Get $34 Million, 90,000-Square-Foot Addition

Towson University, in the Baltimore suburb of Towson, Maryland, recently announced a $34 million expansion of its recreation center. The expansion will add 90,000 square feet to the center, known as Burdick Hall. It will include two multipurpose athletic courts, group exercise studios, and a three-lane indoor running track. The courts will be used for indoor soccer and lacrosse, and the studios will serve cycling classes, martial arts, and personal training. As it exists now, Burdick Hall contains a swimming pool, basketball courts, and a 33-foot indoor climbing wall. “It’s always gratifying to see a university commit to improving its athletic facilities,” said Eric Willin, COO of EZFacility, a sports facility management software developer in Woodbury, New York. “Doing so…

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Colorado Town May Enter Public-Private Partnership for Synthetic Snow Facility

The town of Castle Rock, Colorado, recently signed a letter of intent to enter into a public-private partnership with Weston Solutions, Inc., for the creation of Castle Rock Year-Round Snow Sports Center, a $5.5 million synthetic snow facility. If constructed, the facility would feature a 107,000-square foot skiing surface, a bunny slope, a tubing run, a downhill mountain bike course, a lodge with restaurant and bar, and a dedicated parking center. The snow-like, synthetic material SnowFlex, tailored to suit Colorado’s climate, would cover the slopes. Shawn Temple, Development Director of Weston Solutions, said in a statement, “This public-private partnership will serve as a sustainable economic driver for the local community while increasing the town’s tax base and providing a legacy…

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Acquisition of Two New Clubs Indicates Growth for California Family Fitness

California Family Fitness, Orangevale, CA, acquired two new clubs this month. The company took over Alhambra Athletic Club and Riverside Athletic Club, in Sacramento, CA, renaming them California Family Fitness Midtown Club and California Family Fitness Greenhaven Club, respectively. The club also announced the opening of a new 32,000-square-foot downtown Sacramento club, bringing its total number of clubs to 18. “It’s exciting to see a small club growing so rapidly,” said NAME TK, TITLE TK, of EZFacility, a health club management software developer in Woodbury, New York. “Such expansion shows that there’s room for development in the industry, and that, even in a tight economy, facilities can flourish.” Randy Karr, president of California Family Fitness, said in a statement, “California…

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Coney Island Gets Massive New Sports Facility

MatchPoint NYC, a new luxury sports complex, recently opened on New York City’s historic Coney Island. Now, in addition to roller coasters, ferris wheels, carnival games, and fried dough, the island offers visitors and locals alike the chance to get fit at an all-ages sports facility. The complex comprises 120,000 square feet. Its central feature is a tennis arena with nine courts, the largest indoor tennis center in Brooklyn. Established players have been recruited to lead children’s and adults’ tennis classes, including Numrud Nino Muhatasov, who coached for the Women’s Tennis Association, and Australian Open doubles champions Alyona and Katerina Bondarenko. A swimming program featuring a junior Olympic-sized pool and headed by 1988 Olympic Bronze medalist Konstantin Petrov is anticipated…

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Americans Made More Than 5 Billion Visits to Health Clubs in 2013

In 2013, according to figures recently released by the International Health, Racquet, and Sportsclub Association (IHRSA), Americans made more than 5 billion visits to health clubs — the first time total health club visits surpassed the 5 billion mark. Also, revenue generated by U.S. health clubs increased by 3 percent in 2013, gliding up from $21.8 billion in 2012 to $22.3 billion last year. Health club memberships also rose in 2013. In 2012, memberships totaled 50.2 million; last year, they reached 52.9 million. The difference represents a 5 percent increase. In addition, IHRSA reported, more than 62.1 million Americans used a health club in 2013. “Seeing the increases achieved by the health club industry in 2013 is gratifying,” says Emily…

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New Year-Round Sports Facility for Naperville, Illinois

Naperville, Illinois, a Chicago suburb ranked the second-best place to live in the United States by Money magazine and the number-one city for early retirement by Kiplinger, soon will acquire a state-of-the-art, all-season sports facility. The facility, to be called the Naperville Sports Yard, will feature two artificial-turf soccer fields, four basketball courts, a 50-meter track with six lanes, concession stands, and a day care center. Proposed for a 17.5-acre site near an office complex, the building will occupy 101,140 square feet. Patrons will have the opportunity to purchase memberships, but the facility will offer programs for both members and nonmembers. Proposed activities will include basketball, volleyball, track, adult and youth soccer, lacrosse, seven-on-seven touch football, and a paintless paintball…