Life Time City Centre Debuts Best in Class Squash Center with Nine Courts and Stadium Seating

Rhea-AI Summary

Life Time (NYSE: LTH) announces an $800,000 investment to enhance its racquet sports offerings at Life Time City Centre in Houston. The renovation introduces a new state-of-the-art squash complex featuring five additional courts, including an all-glass court with stadium seating, bringing the total to nine courts. The facility will host the U.S. Squash Junior Championship Tournament in February, expecting about 300 junior players. Life Time currently provides squash programming at 26 clubs, with plans to expand to over 40 clubs.

Positive

• Investment of $800,000 in a new squash complex enhances Life Time's racquet sports portfolio.
• Introduction of nine squash courts, including a state-of-the-art all-glass court with stadium seating.
• Hosting of U.S. Squash Junior Championship Tournament expected to attract 300 participants.
• Expansion of squash programming from 26 to over 40 clubs boosts potential revenue.

Negative

• None.

Renovated and expanded space reinforces squash as part of Life Time's racquet sports portfolio

HOUSTON, Jan. 19, 2023 /PRNewswire/ -- Life Time, (NYSE: LTH), the nation's premier healthy lifestyle brand, has upgraded its racquet sports experience at Life Time City Centre with an $800,000 investment into a new state-of-the-art squash complex.

The new area features five additional courts, including an all-glass court with stadium seating available for events and large-scale squash tournaments. The existing four squash courts have also been renovated for a total of nine.

Life Time City Centre will host its first large-scale squash tournament in February: The U.S. Squash Junior Championship Tournament. Approximately 300 elite junior players are expected to participate. Many additional squash tournaments are planned. The space has been outfitted with live-streaming technology for events.

The program is led by Amr Abdelmaksoud, a highly decorated squash player who has coached numerous world top ten adult and junior players.

"The investment that we have made in squash at City Centre makes Life Time the top local destination for squash in the market," Abdelmaksoud said. "The luxury spaces and amenities that we offer, like our expansive workout floor, groups studio classes, recovery spaces, lounge areas and LifeCafe, make this club an all-encompassing space for players."

Life Time currently has 26 athletic country clubs offering squash programming (classes, leagues, tournament socials) and will soon have more than 40 offering the sport.

More information on Life Time and its squash programming can be found here.

About Life Time^®, Inc.

Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 160 athletic country clubs across the United States and Canada. The company's healthy way of life communities and ecosystem address all aspects of healthy living, healthy aging and healthy entertainment for people 90 days to 90+ years old. Supported by a team of more than 30,000 dedicated professionals, Life Time is committed to providing the best programs and experiences through its clubs, iconic athletic events and comprehensive digital platform. For more information, visit www.lifetime.life.

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SOURCE Life Time, Inc.

FAQ

What recent investment has Life Time (LTH) made?

Life Time has invested $800,000 to upgrade its squash facilities at Life Time City Centre.

How many squash courts does the new facility at Life Time City Centre have?

The new facility features a total of nine squash courts.

What event is Life Time hosting in February 2023?

Life Time will host the U.S. Squash Junior Championship Tournament in February 2023.

How many clubs currently offer squash programming under Life Time (LTH)?

Life Time currently has 26 clubs offering squash programming.

How many clubs will offer squash programming in the future?

Life Time plans to have more than 40 clubs offering squash programming.