LA Fitness Acquires Lifestyle Family Fitness Florida Clubs
(Irvine, CA/ St. Petersburg, FL) July 2, 2012 -- 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 to come to terms on the final club, located at 1510 West Swann Avenue 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 9th, 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.
LA Fitness has been meeting with all interested Lifestyle Family Fitness employees to discuss employment opportunities. The parties are pleased to announce that 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.
Additional information regarding these clubs is available on www.lafitness.com.