Equinox Fitness buys Sports Club/LA in DC, five others - Washington Business Journal

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2014-07-28 21:40:15

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Equinox Fitness buys Sports Club/LA in DC, five others


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Equinox Fitness, with high-end gyms in Tysons Corner and Bethesda, is buying the Sports Club/LA at D.C.’s West End Ritz-Carlton and five other Sports Club/LA locations from Millennium Partners.

The New York Times says the deal is worth $110 million,

Equinox will also pick up Sports Club/LA properties in New York, Boston, Miami and San Francisco, as well as the Reebok Sports Club/NY in Manhattan. The acquisitions boost Equinox Fitness to 73 clubs.

Three years ago, Equinox acquired Millennium’s Sports Club/LA locations in Beverly Hills, Orange County, California and New York’s Rockefeller Center.

Equinox takes immediate operational control of the six Sports Club/LA properties and will rebrand them as Equinox Fitness soon.

Sports Club/LA opened its 100,000 square foot D.C. location at 1170 22nd Street, NW in 2000.

Jeff Clabaugh covers general assignment and provides business coverage for WTOP.

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