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CLUB - Town Sports International Holdings, Inc.
Town Sports International Holdings, Inc. (CLUB) is a publicly traded holding company that owns and operates a number of fitness clubs across the United States. The company was founded in 1973 and is headquartered in New York City.
As of September 30, 2020, Town Sports International Holdings, Inc. operated 185 fitness clubs and 3 boutique studios in the United States and internationally. The company operates its clubs under the brands New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs, Philadelphia Sports Clubs, Lucille Roberts, TMPL, Total Woman Gym and Spa, and Palm Beach Sports Clubs.
The company's revenue is primarily derived from membership fees and personal training sessions. Town Sports International Holdings, Inc. also generates revenue through the sale of merchandise, including fitness apparel, supplements, and other fitness-related products.
Like many companies in the fitness industry, Town Sports International Holdings, Inc. has been affected by the COVID-19 pandemic. In September 2020, the company filed for Chapter 11 bankruptcy protection due to the financial impact of the pandemic. As part of the bankruptcy proceedings, Town Sports International Holdings, Inc. sold substantially all of its assets to an affiliate of Jupiter Holdings LLC, a private investment firm, and is no longer a publicly traded company.
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