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LA Fitness and 24-Hour Fitness swap clubs
By Kath Hudson
24 Hour Fitness has nearly 4 million members and more than 400 clubs across the US
LA Fitness and 24 Hour Fitness have agreed to a club exchange, meaning that 24 Hour Fitness will leave the Arizona market and enter Oklahoma, while LA Fitness will exit the Oklahoma and Nebraska markets.
As part of the deal, LA Fitness will acquire 11 clubs in Arizona, while 24 Hour Fitness will acquire two clubs in Oklahoma and one in Nebraska.
Frank Napolitano, president of 24 Hour Fitness, said: “We believe the Midwest offers interesting possibilities for us to make those cities core markets for 24 Hour Fitness.”
LA Fitness and 24 Hour Fitness have agreed to a club exchange, meaning that 24
Hour Fitness will leave the Arizona market and enter Oklahoma, while LA Fitness
will exit the Oklahoma and Nebraska markets.
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