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Life Time Opens Ninth Atlanta-Area Athletic Country Club on August 8, Transforming Former Concourse Athletic Club into Life Time Perimeter
Prnewswire· 2025-08-08 12:00
Core Insights - Life Time is expanding its presence in Atlanta with the opening of Life Time Perimeter, a 79,000-square-foot athletic country club designed for health-conscious professionals and families [1][2][3] - The facility combines wellness, fitness, recovery, work, and leisure, catering to the needs of the local community [2][3] - Life Time Perimeter is the ninth location in Atlanta, reflecting the company's growth since its entry into the Georgia market in 2006 [4] Company Overview - Life Time operates 185 athletic country clubs across the U.S. and Canada, focusing on promoting healthy lifestyles for individuals of all ages [8] - The company has been recognized as a Great Place to Work®, highlighting its commitment to a positive workplace culture for over 49,000 employees [8] Facility Features - Life Time Perimeter includes eight outdoor pickleball courts, five tennis courts, multiple pools, and a variety of fitness studios offering over 100 classes weekly [7] - The club features a dedicated recovery space, luxurious dressing rooms, and a Kids Academy, enhancing the overall wellness experience for members [7] Accessibility and Operations - The facility is conveniently located near major highways, providing easy access for members in the surrounding areas [3] - Life Time Perimeter operates extensive hours, open from 4:00 a.m. to midnight on weekdays and from 6:00 a.m. to 11:00 p.m. on weekends [5]
Life Time Opens Eighth California Club at Historic Arden Hills Property in Sacramento on June 27
Prnewswire· 2025-06-27 12:05
Core Insights - Life Time has initiated a multi-million dollar renovation of its Arden location in Sacramento, enhancing its health and wellness offerings [1][2] - The renovation aims to elevate the member experience while preserving the legacy of the Arden Hills Athletic & Social Club, which has been operational for nearly 70 years [3][4] Company Overview - Life Time operates over 180 athletic country clubs across the U.S. and Canada, focusing on promoting healthy lifestyles for individuals of all ages [8] - The company has recently been recognized as a Great Place to Work®, highlighting its commitment to a positive workplace culture [8] Renovation Details - The first phase of the renovation includes a 17,000-square-foot workout floor equipped with advanced cardio and resistance training equipment [6] - Additional amenities include a dedicated recovery space, personalized coaching, group training spaces, and a Mind Body studio for fitness classes [6] - The facility features luxurious dressing rooms, an outdoor beach club with multiple pools, and extensive racquet sports facilities [6] Strategic Growth - The renovation of Life Time Arden is part of the company's broader growth strategy, which includes expanding in premier markets through strategic acquisitions [4] - Life Time Arden complements existing locations in Roseville and Folsom, enhancing the company's presence in Northern California [4][7]
Life Time Closes on $150 Million Sale-Leaseback Transaction; Credit Rating Upgraded by S&P
Prnewswire· 2025-06-23 21:26
Core Insights - Life Time Group Holdings, Inc. has completed a sale-leaseback transaction of three properties for approximately $150 million in gross proceeds, with terms similar to previous transactions [1] - S&P Global Ratings upgraded the Company's issuer credit rating to 'BB-' from 'B+' due to strong operating performance, growth in memberships, and reduced leverage [2] - Following the ratings upgrade, Life Time's credit facility margin improved by 25 basis points, resulting in an effective interest rate of 5.659% for the Company's term loan facility [3] Financial Strategy - The Company plans to execute a minimum of $100 million in additional sale-leasebacks over the remainder of 2025, enhancing its ability to advance a robust club pipeline while focusing on capital efficiency and financial health [4] - The recent sale-leaseback transaction and reduced cost of debt are expected to support the Company's financial strategy [4] Company Overview - Life Time operates more than 180 athletic country clubs across the United States and Canada, offering a comprehensive health and wellness ecosystem [4] - The Company serves a diverse demographic, promoting healthy living and aging through various programs and trusted nutritional products [4] - Life Time has been certified as a Great Place to Work®, highlighting its commitment to workplace culture for its over 43,000 team members [4]
Life Time Announces Commencement of Secondary Offering of 20,000,000 Shares of Common Stock
Prnewswire· 2025-06-05 10:30
Core Viewpoint - Life Time Group Holdings, Inc. announced a public offering of 20,000,000 shares of its common stock by certain affiliates of Leonard Green & Partners, L.P. and TPG Inc., with the proceeds going entirely to the Selling Stockholders, while the Company will not receive any funds from this sale [1]. Group 1: Offering Details - The offering is subject to market conditions, and there is no assurance regarding its completion or the actual size and terms of the offering [2]. - J.P. Morgan and BofA Securities are acting as underwriters for the proposed offering [2]. Group 2: Company Overview - Life Time operates over 180 athletic country clubs across the U.S. and Canada, providing a range of health and wellness services and products, including nutritional supplements [5]. - The Company serves a diverse demographic, from individuals aged 90 days to over 90 years, through various healthy living and aging programs [5]. - Life Time has been recognized as a Great Place to Work®, highlighting its commitment to a positive workplace culture for its more than 43,000 employees [5].
Life Time Comes to Idaho with Opening of Life Time Eagle
Prnewswire· 2025-05-22 20:44
Core Insights - Life Time has opened phase one of the Life Time Eagle athletic country club, featuring nine indoor pickleball courts and six indoor tennis courts, with a full opening scheduled for summer 2026 [1][2] - The Boise area is experiencing rapid growth, providing significant opportunities for Life Time's health and wellness programs [3] - The complete facility will include a Beach Club, outdoor pools, a lap pool, a leisure pool, and a bistro, along with advanced fitness equipment and recovery spaces [3][4] Company Offerings - Life Time Eagle will offer signature group training programs, including GTX, Alpha, Ultra Fit, and MB360 classes, along with five studios for various fitness formats [4] - Personalized coaching and recovery sessions will be available, alongside a Kids Academy for children to engage in various activities [5] - The LifeCafe will provide a health-focused menu with nutritious meals and shakes [5] Company Background - Life Time operates over 180 athletic country clubs across the U.S. and Canada, serving a wide demographic from ages 90 days to over 90 years [7] - The company emphasizes a commitment to workplace culture, recently being certified as a Great Place to Work® [7] - With the opening of Life Time Eagle, the company now has a presence in 32 states and Canada [6]