Last $6.16 USD
Change Today -0.54 / -8.06%
Volume 235.4K
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Berlin
NASDAQ GM
As of 8:10 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

5 Penn Plaza

4th Floor

New York, NY 10001

United States

Phone: 212-246-6700

Fax:

Town Sports International Holdings, Inc. owns and operates fitness clubs in the Northeast and Mid-Atlantic regions of the United States. As of December 31, 2013, the company, through its subsidiaries, operated 162 fitness clubs under its 4 major regional brand names, such as New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC), and Washington Sports Clubs (WSC). These clubs collectively served approximately 497,000 members, including approximately 41,000 members under its restricted student and teacher membership programs. The company owned and operated a total of 108 clubs under the ‘New York Sports Clubs’ brand name within a 120-mile radius of New York City, including 37 locations in Manhattan as of December 31, 2013. It owned and operated 29 clubs in the Boston region under its ‘Boston Sports Clubs’ brand name; 16 clubs (2 of which are partly-owned) in the Washington, D.C. region under its ‘Washington Sports Clubs’ brand name; and 6 clubs in the Philadelphia region under its ‘Philadelphia Sports Clubs’ brand name. In addition, the company owned and operated three clubs in Switzerland. The company’s members include an age demographic covering the student market to the active mature market. It offers three principal types of memberships in its clubs, ‘Passport’, which offers access to all clubs at all times; ‘Core’, which offers access to a single home club at all times; and ‘Restricted’ memberships. Club Format and Locations The company’s clubs are located in middle- or upper-income residential, commercial, urban, and suburban neighborhoods within major metropolitan areas that are capable of supporting the development of a cluster of clubs. Its fitness-only clubs range in size from 15,000 to 25,000 square feet and average approximately 21,000 square feet. The company’s multi-recreational clubs range in size from 25,000 to 65,000 square feet, with one club being approximately 200,000 square feet. The average multi-recreational club size is approximately 37,000 square feet. Memberships for each club range from 2,000 to 4,500 members at maturity. The company’s facilities include a mix of cardiovascular equipment from various manufacturers, including Life Fitness, Cybex, Precor, Star Trac, Hammer, Woodway, and Octane. Its fee-based programs offered at majority of its clubs, include personal training, Small Group Training, children’s programs, and other signature classes targeting adult members, such as VBarre and Pilates Tower. The company also offers its Xpressline strength workout at all of its clubs, which is provided for free to its members. Its clubs also feature personal entertainment units. Club Services and Operations The company’s clubs are structured to provide an improved member experience through execution of its operating plan. Its learning and development system allows for all club positions to receive training on the major elements of their role, as well as development training for growth. The company’s instructors teach various classes, including dance, cycling, strength conditioning, boxing, yoga, Pilates, and step classes. It also provides Small Group Training offerings to its members, which are fee-based programs that have smaller groups, with a maximum of four to eight members per class, and provide focused and advanced classes. Its fee-based offerings also include its UXF classes, as well as its signature classes, including VBarre and Power Pilates Tower. In addition to group exercise, the company offers various ancillary programming for children under its Sports Clubs for Kids brand. As of December 31, 2013, Sports Clubs for Kids was being offered in 36 locations throughout its New York Sports Clubs, Boston Sports Clubs, and Philadelphia Sports Clubs regions. Its Sports Clubs for Kids programming positions its multi-recreational clubs as family clubs. Marketing The company is engaged in public relations, sponsorships, and special events to promote its brand image across its network, regionally and in its local communities. The company has been featured in national broadcast channels and television shows, such as Good Morning Americ

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