Profile: Town Sports International Holdings Inc (CLUB.OQ)

CLUB.OQ on NASDAQ Stock Exchange Global Market

18 Jul 2019
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Town Sports International Holdings, Inc., incorporated on January 20, 2004, is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. As of December 31, 2016, the Company, through its subsidiaries, operated 150 fitness clubs (clubs). The Company's clubs collectively served approximately 544,000 members as of December 31, 2016. The Company owned and operated a total of 102 clubs under the New York Sports Clubs (NYSC) brand name within a 120-mile radius of New York City as of December 31, 2016, including 35 locations in Manhattan. The Company owned and operated 28 clubs in the Boston region under its Boston Sports Clubs (BSC) brand name, 12 clubs (one of which is partly-owned) in the Washington, D.C. region under its Washington Sports Clubs (WSC) brand name and five clubs in the Philadelphia region under its Philadelphia Sports Clubs (PSC) brand name as of December 31, 2016. In addition, as of December 31, 2016, it owned and operated three clubs in Switzerland and partly-owned one club that operated under a different brand name in Washington, D.C.

The Company develops clusters of clubs to serve populated metropolitan regions. Its clubs are located in middle- or upper-income residential, commercial, urban and suburban neighborhoods within metropolitan areas. Its members include an age demographic covering the student market to the active mature market. It clubs have an open fitness area to accommodate cardiovascular and strength-training equipment, as well as special purpose rooms for group fitness classes and other exercise programs. It offers a multi-session personal training membership product and fee-based Small Group Training classes. Under its Small Group Training classes, it offers FlexPass and FlexSystem programs at clubs. FlexPass allows members to book a range of small group classes in any of its available clubs. These small group classes include offerings, such as Ultimate Fitness Experience (UXF), Kettle Bells and Circuit Training, among others. FlexSystem programs are designed to help members develop lean muscle mass, increase endurance and build strength. FlexSystem also offers monthly class membership, which allows members to create a training program that fits their schedule. In addition, it offers Sports Clubs for Kids programs at select clubs.

The Company sells its memberships primarily through three channels: direct sales at the club level; through corporate and group sales, and through its online Website. It also manages private fitness centers for both large and small corporations, colleges and universities, and private clubs. As of December 31, 2016, these managed sites include three managed university locations, and eight managed sites. It also sells individual memberships online at www.mysportsclubs.com for its standard membership types and the Website enables it to sell memberships for pre-established corporate and group programs. The Website also allows its members to give direct feedback about its service levels. As of December 31, 2016, it offered various types of memberships at its clubs, such as The Neighborhood Membership, The Neighborhood Plus Membership, The Regional Passport Membership, The Passport Membership and The Elite Membership. The Neighborhood Membership allows members unlimited use of a single home club. The Neighborhood Plus Membership entitles members to use certain defined clubs within a region. The Regional Passport Membership entitles members to use any of its clubs within a region. The Passport Membership entitles members to use any of its clubs in any region, except for Elite clubs. The Elite Membership is available at five of its clubs that offers a range of member services and facilities. In addition to group exercise, the Company offers a range of ancillary programming for children under its Sports Clubs for Kids brand. As of December 31, 2016, Sports Clubs for Kids was being offered in 33 locations throughout its NYSC, BSC, WSC and PSC regions. Its Sports Clubs for Kids programming includes youth offerings, such as day camps, sports camps, swim lessons, hockey and soccer leagues, gymnastics, dance and birthday parties. It also includes non-competitive learn-to-play sports programs.

Company Address

Town Sports International Holdings Inc

1001 N US Highway 1 Ste 201
JUPITER   FL   33477-4480
P: +1212.2466700
F: +1302.6555049

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