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Life Time adds two major clubs to growing US portfolio
By Tom Walker
Both properties will be rebranded as Life Time clubs, before their reopenings later this year Credit: Life Time
Life Time has added two regional lifestyle clubs to its growing US portfolio of sites
The company has taken over the Harbour Island Athletic Club in Tampa, Florida, and the Athletic Club Northeast in Atlanta, Georgia
The full service operator has secured long-term leases for the two properties with landlord RMR Group
The two clubs closed earlier this year and will reopen as Life Time athletic country clubs in the coming months
Full-service health club operator Life Time has added two regional lifestyle clubs to its growing US portfolio of sites, which currently runs to 234 locations open or pending.
Life Time has secured long-term leases with RMR Group for the Harbour Island Athletic Club in Tampa, Florida, and the Athletic Club Northeast in Atlanta, Georgia.
The two clubs closed earlier this year and will reopen as Life Time athletic country clubs in the coming months.
Both the Harbour Island Club and Athletic Club Northeast were previously operated by Wellbridge, which manages a number of lifestyle clubs in Colorado, New Mexico and Maryland.
Once the properties reopen, they will offer Life Time's Healthy Way of Life programmes. Further details of the exact facilities and services are set to be revealed at a later date.
Life Time currently operates four locations in Florida and six in Georgia.
Parham Javaheri, Life Time's chief property development officer, said: "Life Time has a more than 30-year track record of building and operating large-scale, resort-like destinations including greenfield sites, mall redevelopments, and vertical residential projects – as well as capital-light growth opportunities through strategic acquisitions such as this.
"We've worked closely with The RMR Group and L&L Holding Group on these types of projects in the past, and this was a terrific opportunity to expand Life Time's presence in the Tampa and Atlanta markets with additional athletic country clubs and elevated experiences."
Life Time’s portfolio includes residential and health club properties with new sites due to open in Stamford, Miami, Beaverton, Shenandoah, Sienna and Clarendon this year and Denver and Westlake in 2024.
Full-service health club operator Life Time has added two regional lifestyle clubs to its
growing US portfolio of sites, which currently runs to 234 locations open or pending.
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