ClubCorp has signed agreements to acquire a multi-club portfolio of six golf clubs for a combined purchase price of just under $44 million. The sellers are Stratford Golf Partners and Accord Golf Capital and the acquisition will be funded from existing liquidity. This acquisition includes four private clubs, one semi-private club and one public golf club, adding 171 holes of golf in already established ClubCorp markets throughout the Southeast United States.
Winter has delivered a wallop to the Boston, MA, and greater New England area in 2015, and that has wreaked havoc on the budgets of fitness facilities there. As of March 6, about 110 inches of snow had fallen this winter at Boston's Logan Airport. To dig out from under the heavy snow, some Boston-area health club operators blew their annual snow removal budgets by the end of February.
Core Health & Fitness LLC, parent company of Star Trac and StairMaster, exceeded its sales targets in 2014 with a 19 percent year over year growth in sales revenue and is realigning its management team.
Life Time Fitness, Chanhassen, MN, plans to open its first club in Massachusetts this summer in the Boston suburb of Westwood, company officials announced. The facility will be part of the new University Station development, a mixed-used development of retail, office and hotel space that also will include 350 luxury apartment homes in the first phase of development.
Some activity trackers fail to accurately measure complex movements as well as they do steps taken, and they often do not accurately measure calories burned, according to a study commissioned by the American Council on Exercise (ACE), San Diego.