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Life Time Group Holdings, Inc. (NYSE: LTH) is a premier healthy lifestyle brand that designs, builds, and operates comprehensive, large-scale fitness and wellness centers. These centers, known as athletic country clubs, are located primarily in residential areas of metropolitan cities across the United States and Canada. Life Time offers a multitude of activities and amenities including professional fitness training, family recreation, spas, and resort-like environments catering to individuals and families.
Life Time's commitment to delivering uncompromising quality is evident in its range of services, which are both entertaining and educational. The company aims to meet the health and fitness needs of the entire family in an inviting and innovative manner. With over 170 athletic country clubs, Life Time has established itself as a significant player in the health and wellness industry, attracting more than 1.5 million members.
The company's recent achievements highlight its dynamic growth and innovation. In April 2024, Life Time opened its first dedicated pickleball facility in Chanhassen, Minnesota, featuring eight indoor and seven outdoor courts. This development aligns with their goal to become the premier destination for pickleball in the U.S., boasting over 630 courts across 130 clubs. The formation of the Life Time Pickleball and Tennis Board, led by tennis legend Andre Agassi, aims to elevate the profile of these sports within their communities.
Continuing its expansion in New York, Life Time launched its sixth athletic club, Life Time PENN 1, in April 2024. This 54,000-square-foot luxury club offers the most indoor pickleball courts in New York City and houses exclusive group training programs. Similarly, the newly opened Life Time Atlantic Avenue in Brooklyn provides a rich array of health and wellness offerings, complete with state-of-the-art training facilities and boutique studios.
Financially, Life Time reported a robust first-quarter performance in May 2024, leading to a raised full-year revenue and Adjusted EBITDA guidance. The company also closed a significant $40 million sale-leaseback transaction to support growth and strengthen its balance sheet. These financial maneuvers position Life Time well for continued expansion and operational excellence.
Life Time's vision is not only to provide exceptional health and wellness experiences but also to be an employer that values and develops its team members. The organization offers career growth opportunities across various roles within its clubs, supported by its mission to inspire healthy, happy lives through both physical and digital channels.
As Life Time continues to expand its footprint and enhance its offerings, it remains steadfast in its commitment to promoting a healthy way of life for its members and the broader community.
Life Time (NYSE: LTH) has opened its new 24/7 flagship destination, Life Time River North, in downtown Chicago. The state-of-the-art facility spans 126,000 square feet and features diverse amenities promoting healthy living for all ages. Key highlights include specialized fitness classes, personal training, an indoor lap pool, and a Kids Academy. Memberships start at $249 monthly for adults, with a one-day membership option now available. The company plans to expand further in urban markets, including upcoming locations in New York City and Atlanta.
Life Time (NYSE: LTH) has expanded its Kids' programming by introducing two new classes: Ringside, a boxing-inspired class, and Warrior Sculpt, which combines yoga with high-intensity interval training. Designed for children aged 5 to 13, these classes aim to promote fitness and health among kids. This initiative builds on the success of previous kids' classes and emphasizes the importance of regular exercise for youth. Life Time serves hundreds of thousands of children across its athletic resorts and digital platforms, providing various health-focused programs.
On January 17, 2022, Life Time (NYSE: LTH) shared strategies on National Ditch Your Resolutions Day to help individuals maintain their New Year wellness goals. Key suggestions include:
- Trim your Goals: Focus on one specific habit at a time.
- Create a Plan: Detail your goals and track progress.
- Find a Workout Buddy: Engage with groups or partners for accountability.
- Daily Reminders: Keep your goal visible to stay motivated.
- Visualize Success: Picture achieving your goals to maintain motivation.
A survey revealed that top resolutions include losing weight (31%) and building muscle (22%).
Life Time (NYSE: LTH) has launched ARORA, a new program aimed at promoting health and activity among baby boomers aged 55 to 75 years. The initiative offers a variety of classes, social activities, and educational workshops designed to enhance physical, mental, and emotional well-being. ARORA includes low-impact workouts, sports like pickleball, and community-oriented events. Most activities are included in Life Time memberships, and many locations accept Medicare fitness benefits. This launch aligns with Life Time's mission to improve health for all generations.
Life Time (NYSE: LTH) has unveiled its 2022 lineup of athletic events, featuring over 40 endurance competitions including marathons, triathlons, and cycling races across 11 states. The events cater to passionate athletes, with some highlights being the 20th anniversary of the Miami Marathon and the launch of the Life Time Grand Prix Race Series offering a $250,000 prize purse. Events are designed to promote a healthy lifestyle and involve community engagement through the Life Time Foundation’s charity slot program.
Life Time Group Holdings (NYSE: LTH) plans to expand its presence by opening a new 100,000-square-foot athletic resort in McKinney, Texas, as part of the Craig Ranch development. The facility will replace the former Craig Ranch Fitness & Spa after a multi-million-dollar renovation. This marks the 12th location in the Dallas-Fort Worth area. The resort will feature amenities for all ages, including specialized training programs, a 50-meter outdoor pool, and dedicated spaces for various fitness activities. Life Time aims to enhance community wellness through this expansion.
Life Time Group Holdings, Inc. (NYSE: LTH) has launched new digital weight loss and healthy living programs as part of its Life Time Digital platform. The latest addition, Holiday Hustle, aims to assist individuals in maintaining their fitness during the holiday season. Research indicates that 42% of U.S. adults gained weight during the pandemic, emphasizing the need for structured weight loss solutions. Life Time's programs, designed by registered dietitians and certified trainers, focus on comprehensive wellness, offering various options including 60day to 5K and Sugar Fix.
Life Time (NYSE: LTH) is launching complimentary all-access livestream workout classes from Thanksgiving morning through Sunday evening. Over 100 classes will be available, including cardio, yoga, and dance, featuring top instructors. The event aims to promote wellness during the holiday season and requires no sign-in or app downloads. Classes will be streamed online during specified hours, allowing participants to join from anywhere. This initiative reflects Life Time's goal of fostering a healthier North America.
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