LA Fitness, Irvine, CA, has completed the purchase of 32 of 33 Lifestyle Family Fitness clubs, the two companies announced. One of those 32 clubs will close. The deal on the remaining club, which is in Tampa, is expected to be closed in the near future.
A purchase price was not disclosed.
Many Lifestyle Family Fitness employees have accepted positions with LA Fitness, including Senior Vice President Frank Palmeri, Regional Vice President Michael Chaffin and District Manager Troy Nealey, the companies announced. LA Fitness has been meeting with all interested Lifestyle employees to discuss employment opportunities.
Since the initial announcement of the sale 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 honor all of the active membership agreements that it purchased from Lifestyle Family Fitness, St. Petersburg, FL. All active Lifestyle 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, according to the announcement. Similarly, all active single club members will be honored at their current rate with the same access they have now to the Lifestyle location where they joined.
Lifestyle Family Fitness is closing its 31,000-square-foot location at 2349 Vanderbilt Beach Rd. in Naples, FL, 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 Rd. 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.