Super early bird ends in
Technogym
Technogym
Technogym
Follow Health Club Management on Twitter Like Health Club Management on Facebook Join the discussion with Health Club Management on LinkedIn
FITNESS, HEALTH, WELLNESS

Secure your spot now
Super early bird ends in

Latest news

KSL snaps up Hersha Hospitality Trust

Leisure investment specialist KSL is buying Hersha Hospitality Trust in a deal worth $US1.4 bn – a premium of 60 per cent on the share price
Hersha owns 25 hotels with 3,811 rooms in the US, including The Rittenhouse Philadelphia, The Parrot Key Hotel and Villas in Key West, Florida and the Sanctuary Beach Resort in California
KSL has US$21bn of capital under-investment, holding or having held or invested in a wide range of businesses from Miraval and ESPA to recent acquisition – high-end health club operator, Third Space
KSL also owns Honors Holdings, one of the biggest Orangetheory franchises and multiple hotels and resorts globally

Investment firm KSL Capital Partners has acquired the Hersha Hospitality Trust, the company behind a portfolio of spa hotels and resorts in the US.

The company owns 25 hotels with 3,811 rooms in New York, Washington DC, Boston, Philadelphia, South Florida and California, including The Rittenhouse Philadelphia, The Parrot Key Hotel and Villas in Key West, Florida and the Sanctuary Beach Resort in California.

It sold seven of its properties for US$505m (£400m, €467m) in 2022 to concentrate on the luxury and lifestyle segment.

The KSL deal was valued at US$1.4bn (£1.1bn, €1.3bn), a premium of approximately 60 per cent on Hersha’s closing share price on 25 August – the last full trading day prior to the announcement.

The transaction is expected to close in the fourth quarter of 2023, subject to customary conditions.

Certain members of Hersha’s executive management team and affiliated trusts have already signed separate voting agreements under which they agreed to support of the proposed transaction.

If the deal goes through, the company will be delisted from the New York Stock Exchange.

KSL is a serial investor in leisure assets, holding or having held or invested in a wide range of businesses from Miraval and ESPA to recent acquisition – high-end health club operator, Third Space.

KSL has US$21bn (£7bn, €19bn) of capital under investment across equity, credit and tactical opportunities funds.

The company also owns Honors Holdings, one of the biggest Orangetheory franchises and multiple hotels and resorts globally, including The Pig Hotels and Village Hotels in the UK, Bailllie Lodges in Australia, New Zealand and South America and multiple St. Regis, Sheraton, Hyatt and Hilton properties in the US. It also owned destinations spas such as Soneva Fushi and Soneva Jani in the Maldives.

KSL bought the Martin Hotels portfolio in March and a majority interest in Sereno Hotels in July.

Jay Shah, Hersha executive chair, said: “This transaction provides our shareholders with immediate and certain value at a substantial premium to our public valuation, while enabling us to refocus on growing the business over a longer period of time.”

CEO, Neil Shah, said: “This transaction is a result of our focus on lifestyle and leisure properties, as well as our work to create a portfolio consisting of some of the highest quality hotels in their respective markets.”

Marty Newburger, partner at KSL, added: “Hersha has built an impressive, curated portfolio of experiential luxury and lifestyle hotels and resorts in strategic markets. With KSL’s track record investing in high-quality assets in dynamic metropolitan markets across North America and around the world, we're uniquely suited to position the business for further success over the long term.”

Related news

KSL deal means Third Space can be bold in its strategy and ambitions Waggett tells HCM

08 Sep 2021
Colin Waggett has revealed that the recent deal, which saw KSL Capital Partners acquire a ...

KSL acquires majority stake in Third Space ahead of 'substantial expansion'

06 Aug 2021
KSL Capital Partners has acquired a majority interest in luxury health club operator Third Space ...

Breaking: The Hut Group acquires ESPA

07 Sep 2017
Online health and beauty retailer The Hut Group is acquiring spa and skincare brand ESPA ...
Investment firm KSL Capital Partners has acquired the Hersha Hospitality Trust, the company behind a portfolio of spa hotels and resorts in the US.
SAB,HHR,HOT,COL,PRO
2023/THUMB351747_463827_415408.jpg
Latest News
Gymshark has launched a new global brand platform, We Do Gym, to make it clear ...
Latest News
Nike and recovery brand, Hyperice, have partnered to create two tech-driven recovery products – a vest and ...
Latest News
Boutique operator Heartcore is paying damages to a violinist whose career was cut short following ...
Latest News
Belgian retail giant, Colruyt Group, is challenging the status quo of the fitness industry in ...
Latest News
According to a year-long study, offering financial incentives to people to encourage them to lose ...
Latest News
Xponential Fitness has appointed sales and franchise expert, Mark King, as CEO, to take the ...
Latest News
Fitness influencer and karate champion, Anna Lewandowska, has announced the launch of a multi-concept boutique ...
Latest News
The Health & Fitness Association (formerly IHRSA) has announced Singapore-based attorney and international industry advocate, ...
HCM promotional features
Sponsored
Technogym has helped us transform the gym into a world-class space that reflects our ethos of combining performance and community
HCM promotional features
Sponsored
We all know we need to stand more. Now an exciting new partnership between Physical and Teca Fitness expands this thinking into UK gyms and beyond
HCM promotional features
Sponsored
At the heart of the Sydney Swans new headquarters in Australia is an elite player-focused training facility by strength equipment specialist BLK BOX
HCM promotional features
Sponsored
Life Fitness has reimagined cardio with the launch of its Symbio line which has been designed with advanced biomechanics and offers deep levels of customisation
HCM promotional features
Sponsored
Sustainability in the fitness industry is coming on in leaps and bounds as more operators refurbish their gym equipment to save money and the planet
HCM promotional features
Sponsored
Coaching workshops from Keith Smith and Adam Daniel have been designed to empower your team and transform your service
HCM promotional features
Sponsored
GymNation is pioneering the future of fitness with software specialist Perfect Gym providing a scalable tech platform to power and sustain its growth
HCM promotional features
Sponsored
University of Sheffield Sport has opened the doors of its flagship Goodwin Sports Centre following a major refurbishment
HCM promotional features
Sponsored
The partnership between PureGym and Belfast-based supplier BLK BOX is transforming the gym floor
HCM promotional features
HCM magazine
New research from UCLA Health looked at the impact of Kundalini yoga on memory and found a significant impact, finds Megan Whitby
HCM magazine
HCM People

Mariah Rooney

Founder, Trauma Informed Weight Lifting
When people experience early life trauma it impacts their bodies and nervous systems. I became curious about how lifting weights could help them have the experience of strength
HCM magazine
It’s time to start the conversation about pelvic health. It’s not just menopausal women who have challenges: young women and men can also experience issues they’re too embarrassed to discuss or seek help for, as Kath Hudson reports
HCM magazine
When retailer, the €11 billion-a-year Colruyt Group, decided to get into the health club market, the plan was to fully integrate its entire business using customer insight data. The results are remarkable
HCM magazine
As more trans women, trans men and non-binary people join health clubs, it’s time to work out a system where everyone feels included, protected and safe in the locker room. Kath Hudson reports
Featured supplier news
Featured supplier news: Explosion of passion for fitness at RiminiWellness 2024 and record success for Panatta
The passion for fitness and bodybuilding reached new heights at the Panatta stands during RiminiWellness (30 May – 2 June 20204) – the largest fitness event in Italy – which this year exceeded the 100,000 visitor mark.
Featured supplier news
Featured supplier news: CoverMe Fitness launches in Australian market
CoverMe Fitness, the studio management app for the fitness industry, has launched in Australia, with industry veteran Tony Zonato as managing director for the region.
Company profiles
Company profile: Alliance Leisure
The company’s core business is the provision of facility development and support for local authorities, ...
Company profiles
Company profile: Spivi
Spivi is an immersive fitness gamification platform that helps gym operators to achieve better retention ...
Supplier Showcases
Supplier showcase - Safe Space: Delivering the vision
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Taylor Made Designs Ltd press release: Taylor Made designs celebrates another successful elevate!
The team from Taylor Made Designs (TMD) enjoyed two days at the UK’s premium trade show this month, catching up with customers and showcasing samples from their new Leisure Essentials range.
Featured press releases
Zoom Media press release: Zoom Media UK partners with Your Personal Training to expand rewards platform to PT clients
Zoom Media UK, the leading provider of digital media solutions for fitness facilities, is announcing an exciting new partnership with Your Personal Training (YPT), the UK’s foremost Personal Training brand. This collaboration marks the first time Zoom’s rewards platform will be directly available to the clients of YPT trainers, offering unique incentives to enhance client engagement and retention.
Directory
Cryotherapy
Art of Cryo: Cryotherapy
Spa software
SpaBooker: Spa software
Snowroom
TechnoAlpin SpA: Snowroom
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Lockers
Fitlockers: Lockers
salt therapy products
Saltability: salt therapy products
Property & Tenders
Cleveland Lakes, Wiltshire and Gloucestershire
Cotswold Lakes Trust
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Diary dates
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
Diary dates
08-10 Sep 2024
Wyndham® Lake Buena Vista Disney Springs™ Resort, Lake Buena Vista, United States
Diary dates
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
20-22 Sep 2024
Locations worldwide,
Diary dates
01-04 Oct 2024
REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
09-13 Oct 2024
Soneva Fushi, Maldives
Diary dates
10 Oct 2024
QEII Conference Centre, London,
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
Diary dates
24-24 Oct 2024
QEII Conference Centre, London, United Kingdom
Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates
04-06 Feb 2025
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
11-13 Feb 2025
Fairmont Riyadh , Saudi Arabia
Diary dates
10-13 Apr 2025
Exhibition Centre , Cologne, Germany
Diary dates
07-07 Jun 2025
Worldwide, Various,
Diary dates
28-31 Oct 2025
Koelnmesse, Cologne, Germany
Diary dates

Latest news

KSL snaps up Hersha Hospitality Trust

Leisure investment specialist KSL is buying Hersha Hospitality Trust in a deal worth $US1.4 bn – a premium of 60 per cent on the share price
Hersha owns 25 hotels with 3,811 rooms in the US, including The Rittenhouse Philadelphia, The Parrot Key Hotel and Villas in Key West, Florida and the Sanctuary Beach Resort in California
KSL has US$21bn of capital under-investment, holding or having held or invested in a wide range of businesses from Miraval and ESPA to recent acquisition – high-end health club operator, Third Space
KSL also owns Honors Holdings, one of the biggest Orangetheory franchises and multiple hotels and resorts globally

Investment firm KSL Capital Partners has acquired the Hersha Hospitality Trust, the company behind a portfolio of spa hotels and resorts in the US.

The company owns 25 hotels with 3,811 rooms in New York, Washington DC, Boston, Philadelphia, South Florida and California, including The Rittenhouse Philadelphia, The Parrot Key Hotel and Villas in Key West, Florida and the Sanctuary Beach Resort in California.

It sold seven of its properties for US$505m (£400m, €467m) in 2022 to concentrate on the luxury and lifestyle segment.

The KSL deal was valued at US$1.4bn (£1.1bn, €1.3bn), a premium of approximately 60 per cent on Hersha’s closing share price on 25 August – the last full trading day prior to the announcement.

The transaction is expected to close in the fourth quarter of 2023, subject to customary conditions.

Certain members of Hersha’s executive management team and affiliated trusts have already signed separate voting agreements under which they agreed to support of the proposed transaction.

If the deal goes through, the company will be delisted from the New York Stock Exchange.

KSL is a serial investor in leisure assets, holding or having held or invested in a wide range of businesses from Miraval and ESPA to recent acquisition – high-end health club operator, Third Space.

KSL has US$21bn (£7bn, €19bn) of capital under investment across equity, credit and tactical opportunities funds.

The company also owns Honors Holdings, one of the biggest Orangetheory franchises and multiple hotels and resorts globally, including The Pig Hotels and Village Hotels in the UK, Bailllie Lodges in Australia, New Zealand and South America and multiple St. Regis, Sheraton, Hyatt and Hilton properties in the US. It also owned destinations spas such as Soneva Fushi and Soneva Jani in the Maldives.

KSL bought the Martin Hotels portfolio in March and a majority interest in Sereno Hotels in July.

Jay Shah, Hersha executive chair, said: “This transaction provides our shareholders with immediate and certain value at a substantial premium to our public valuation, while enabling us to refocus on growing the business over a longer period of time.”

CEO, Neil Shah, said: “This transaction is a result of our focus on lifestyle and leisure properties, as well as our work to create a portfolio consisting of some of the highest quality hotels in their respective markets.”

Marty Newburger, partner at KSL, added: “Hersha has built an impressive, curated portfolio of experiential luxury and lifestyle hotels and resorts in strategic markets. With KSL’s track record investing in high-quality assets in dynamic metropolitan markets across North America and around the world, we're uniquely suited to position the business for further success over the long term.”

Related news

KSL deal means Third Space can be bold in its strategy and ambitions Waggett tells HCM

08 Sep 2021
Colin Waggett has revealed that the recent deal, which saw KSL Capital Partners acquire a ...

KSL acquires majority stake in Third Space ahead of 'substantial expansion'

06 Aug 2021
KSL Capital Partners has acquired a majority interest in luxury health club operator Third Space ...

Breaking: The Hut Group acquires ESPA

07 Sep 2017
Online health and beauty retailer The Hut Group is acquiring spa and skincare brand ESPA ...
Investment firm KSL Capital Partners has acquired the Hersha Hospitality Trust, the company behind a portfolio of spa hotels and resorts in the US.
SAB,HHR,HOT,COL,PRO
2023/THUMB351747_463827_415408.jpg

Latest news

Gymshark has launched a new global brand platform, We Do Gym, to make it clear
Nike and recovery brand, Hyperice, have partnered to create two tech-driven recovery products – a vest and
Boutique operator Heartcore is paying damages to a violinist whose career was cut short following
Belgian retail giant, Colruyt Group, is challenging the status quo of the fitness industry in
According to a year-long study, offering financial incentives to people to encourage them to lose
Xponential Fitness has appointed sales and franchise expert, Mark King, as CEO, to take the
Innovatise UK Ltd
Innovatise UK Ltd
CoverMe Fitness, the studio management app for the fitness industry, has launched in Australia, with
Fitness influencer and karate champion, Anna Lewandowska, has announced the launch of a multi-concept boutique
The Health & Fitness Association (formerly IHRSA) has announced Singapore-based attorney and international industry advocate,
With the UK General Election imminent, industry strategist, Martyn Allison, says it’s time for the
More than 20 organisations have joined together in the UK to form the Swim Alliance,
According to a number of recent studies, semaglutide weight-loss drugs can be effective in treating
German health and fitness operator, LifeFit Group, has found a new investor – Waterland Private
Global Wellness Summit
Global Wellness Summit
RLSS UK, STA and Swim England are joining forces to bring Aquatics to Elevate 2024
More than 200 organisations and athletes in the UK have signed an open letter to
Diversity, equity and inclusion in the European fitness industry is examined in a new report
Following the success of its first site in Whitefield, Total Fitness is launching a purpose-built
David Beckham and F45 Training have finally settled the breach-of-contract lawsuit around Beckham’s ambassadorial agreement
Apple has previewed the upcoming watchOS 11, which has more health and fitness insights and
With just a few weeks until the General Election, CIMSPA – the organisation that represents people
Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
The passion for fitness and bodybuilding reached new heights at the Panatta stands during RiminiWellness
Co-founders of specialist gym and fitness wear company, WIT Fitness, have returned to the brand
Basic-Fit has signed an agreement to sell five Holmes Place clubs it acquired as part
Alliance Leisure
Alliance Leisure
1 - 20 of 12,300
HCM promotional features
Sponsored
Technogym has helped us transform the gym into a world-class space that reflects our ethos of combining performance and community
HCM promotional features
Sponsored
We all know we need to stand more. Now an exciting new partnership between Physical and Teca Fitness expands this thinking into UK gyms and beyond
HCM promotional features
Sponsored
At the heart of the Sydney Swans new headquarters in Australia is an elite player-focused training facility by strength equipment specialist BLK BOX
HCM promotional features
Sponsored
Life Fitness has reimagined cardio with the launch of its Symbio line which has been designed with advanced biomechanics and offers deep levels of customisation
HCM promotional features
Sponsored
Sustainability in the fitness industry is coming on in leaps and bounds as more operators refurbish their gym equipment to save money and the planet
HCM promotional features
Sponsored
Coaching workshops from Keith Smith and Adam Daniel have been designed to empower your team and transform your service
HCM promotional features
Sponsored
GymNation is pioneering the future of fitness with software specialist Perfect Gym providing a scalable tech platform to power and sustain its growth
HCM promotional features
Sponsored
University of Sheffield Sport has opened the doors of its flagship Goodwin Sports Centre following a major refurbishment
HCM promotional features
Sponsored
The partnership between PureGym and Belfast-based supplier BLK BOX is transforming the gym floor
HCM promotional features
HCM magazine
New research from UCLA Health looked at the impact of Kundalini yoga on memory and found a significant impact, finds Megan Whitby
HCM magazine
HCM People

Mariah Rooney

Founder, Trauma Informed Weight Lifting
When people experience early life trauma it impacts their bodies and nervous systems. I became curious about how lifting weights could help them have the experience of strength
HCM magazine
It’s time to start the conversation about pelvic health. It’s not just menopausal women who have challenges: young women and men can also experience issues they’re too embarrassed to discuss or seek help for, as Kath Hudson reports
HCM magazine
When retailer, the €11 billion-a-year Colruyt Group, decided to get into the health club market, the plan was to fully integrate its entire business using customer insight data. The results are remarkable
HCM magazine
As more trans women, trans men and non-binary people join health clubs, it’s time to work out a system where everyone feels included, protected and safe in the locker room. Kath Hudson reports
HCM magazine
Steph Eaves looks at how health assessment devices are evolving to keep up with industry trends
HCM magazine
Fuel the debate about issues across the industry and share your ideas and experiences. We’d love to hear from you: [email protected]
HCM magazine
AI has the potential to support people in making healthy lifestyle changes if its algorithms can be updated to understand the different stages of motivation, as Jodi Heckel reports
HCM magazine
Immediate rewards can motivate people to exercise more, according to new research, reports Kath Hudson
HCM magazine
The media questioned our rationale, but we have hope and a vision and people are responding very enthusiastically
HCM magazine
From payments to virtual classes, software integrations can take your operation to the next level. Providers tell us about their most in-demand offerings
HCM magazine
Featured supplier news
Featured supplier news: Explosion of passion for fitness at RiminiWellness 2024 and record success for Panatta
The passion for fitness and bodybuilding reached new heights at the Panatta stands during RiminiWellness (30 May – 2 June 20204) – the largest fitness event in Italy – which this year exceeded the 100,000 visitor mark.
Featured supplier news
Featured supplier news: CoverMe Fitness launches in Australian market
CoverMe Fitness, the studio management app for the fitness industry, has launched in Australia, with industry veteran Tony Zonato as managing director for the region.
Company profiles
Company profile: Alliance Leisure
The company’s core business is the provision of facility development and support for local authorities, ...
Company profiles
Company profile: Spivi
Spivi is an immersive fitness gamification platform that helps gym operators to achieve better retention ...
Supplier Showcases
Supplier showcase - Safe Space: Delivering the vision
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Taylor Made Designs Ltd press release: Taylor Made designs celebrates another successful elevate!
The team from Taylor Made Designs (TMD) enjoyed two days at the UK’s premium trade show this month, catching up with customers and showcasing samples from their new Leisure Essentials range.
Featured press releases
Zoom Media press release: Zoom Media UK partners with Your Personal Training to expand rewards platform to PT clients
Zoom Media UK, the leading provider of digital media solutions for fitness facilities, is announcing an exciting new partnership with Your Personal Training (YPT), the UK’s foremost Personal Training brand. This collaboration marks the first time Zoom’s rewards platform will be directly available to the clients of YPT trainers, offering unique incentives to enhance client engagement and retention.
Directory
Cryotherapy
Art of Cryo: Cryotherapy
Spa software
SpaBooker: Spa software
Snowroom
TechnoAlpin SpA: Snowroom
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Lockers
Fitlockers: Lockers
salt therapy products
Saltability: salt therapy products
Property & Tenders
Cleveland Lakes, Wiltshire and Gloucestershire
Cotswold Lakes Trust
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Diary dates
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
Diary dates
08-10 Sep 2024
Wyndham® Lake Buena Vista Disney Springs™ Resort, Lake Buena Vista, United States
Diary dates
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
20-22 Sep 2024
Locations worldwide,
Diary dates
01-04 Oct 2024
REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
09-13 Oct 2024
Soneva Fushi, Maldives
Diary dates
10 Oct 2024
QEII Conference Centre, London,
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
Diary dates
24-24 Oct 2024
QEII Conference Centre, London, United Kingdom
Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates
04-06 Feb 2025
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
11-13 Feb 2025
Fairmont Riyadh , Saudi Arabia
Diary dates
10-13 Apr 2025
Exhibition Centre , Cologne, Germany
Diary dates
07-07 Jun 2025
Worldwide, Various,
Diary dates
28-31 Oct 2025
Koelnmesse, Cologne, Germany
Diary dates
Search news, features & products:
Find a supplier:
Technogym
Technogym
Partner sites