STOCK TITAN

Life Time Sky New York City to Expand with Dedicated Indoor Pickleball Club and Alpha Training Experience in Early 2023

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Life Time (NYSE: LTH) announced the expansion of its Sky location in New York City to include indoor pickleball courts and a dedicated Alpha training area. The new facilities will offer two pickleball courts for various activities and advanced strength conditioning programs. Construction has commenced, with an expected completion by early February 2023. Life Time currently operates over 400 pickleball courts across North America, aiming to exceed 600 by year-end. This strategic expansion reinforces Life Time's leading position in the luxury athletic market.

Positive
  • Expansion of Life Time Sky to include two indoor pickleball courts and an Alpha training area.
  • Construction commenced with an expected opening in early February 2023.
  • Life Time aims to increase its total pickleball courts to over 600 by the end of 2023.
Negative
  • None.

Adding to robust luxury athletic club in Hell's Kitchen, street-level space will feature new pickleball courts and dedicated Alpha area for renowned small group metabolic and strength conditioning training program

NEW YORK, Jan. 4, 2023 /PRNewswire/ -- Life Time (NYSE: LTH), the country's largest owner and operator of pickleball courts across its network of luxury athletic country clubs, is bringing pickleball to New York City with the announced addition of indoor, street-level courts to Life Time Sky, located at The Moinian Group's high-end residences in Hell's Kitchen. Additionally, the expansion will feature space dedicated to the Company's renowned Alpha strength and conditioning training program. Construction has started with an anticipated opening by early Feb. 2023.

The entirely new space will provide Life Time members with two pickleball courts designed for open court time, classes, instruction, tournaments, training and social events. The Alpha area will feature multiple squat racks, kettlebells, weights, equipment and cardio machines for metabolic and strength conditioning. Both programs will be led by New York's top certified instructors, coaches and trainers.

Life Time Sky was the Company's first of five destinations to open in New York City in 2016 and is home to more than 70,000 square feet of luxury athletic club amenities with studios for barre, cycle, HIIT, Pilates and Yoga classes, a large fitness floor for strength and cardio workouts, indoor lap pool, rooftop beach club and Turkish Hammam suite. Sky is also well-known for its buzz-worthy pickup basketball games with the country's top professional players. The club is open to members with both one-day and monthly memberships. Corporate memberships are also available. Life Time also operates within The Moinian Group's Ocean residence at 1 West Street along with three other destinations across the City with a new club set to open in Midtown in January 2023.

Since early 2022, Life Time has constructed indoor and outdoor pickleball courts at a rate of five new permanent courts each week – many with viewing areas, stadium seating, and social lounges. With the addition of the new Sky courts, Life Time extends its total number of permanent pickleball court locations throughout North America to more than 400, with the goal of exceeding 600 by the end of 2023. Life Time is the largest owner and operator of both pickleball and tennis courts.

In addition to Sky, Life Time has permanent pickleball courts at seven Tri-State area locations including four in New York: Life Time Garden City, Life Time Syosset and Life Time Westchester and three in New Jersey: Life Time Berkeley Heights, Life Time Florham Park and Life Time Princeton. Complementing its position as North America's leading operator of Pickleball, Life Time has announced relationships with Major League Pickleball (MLP) and the Professional Pickleball Association (PPA). The Company also has recently adopted the DUPR system for player ratings.

For more information visit lifetime.life/nyc.

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/life-time-sky-new-york-city-to-expand-with-dedicated-indoor-pickleball-club-and-alpha-training-experience-in-early-2023-301713638.html

SOURCE Life Time, Inc.

FAQ

What new facilities are being added at Life Time Sky in NYC?

Life Time Sky is adding indoor pickleball courts and a dedicated Alpha training area.

When is the expected opening date for the new facilities at Life Time Sky?

The new facilities are expected to open by early February 2023.

How many pickleball courts does Life Time operate across North America?

Life Time currently operates over 400 pickleball courts, with a goal of exceeding 600 by the end of 2023.

What is the significance of Life Time's expansion in NYC?

The expansion reinforces Life Time's leading position in the luxury athletic market and caters to the growing popularity of pickleball.

Life Time Group Holdings, Inc.

NYSE:LTH

LTH Rankings

LTH Latest News

LTH Stock Data

4.52B
81.34M
12.73%
82.93%
2.47%
Leisure
Services-membership Sports & Recreation Clubs
Link
United States of America
CHANHASSEN