Profile: Town Sports International Holdings Inc (CLUB.O)
24 Nov 2014
Town Sports International Holdings, Inc. (TSI Holdings), incorporated on January 20, 2004, is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States and a fitness club owner and operator in the United States in each case based on the number of clubs. As of December 31, 2013, the Company, through its subsidiaries, operated 162 fitness clubs under its four regional brand names; New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC) and Washington Sports Clubs (WSC). As of December 31, 2013, these clubs collectively served approximately 497,000 members, including approximately 41,000 members under its restricted student and teacher membership programs. It owns and operates a total of 108 clubs under the New York Sports Clubs brand name within a 120-mile radius of New York City as of December 31, 2013, including 37 locations in Manhattan where it is a fitness club owner and operator.
As of December 31, 2013, the Company owned and operated 29 clubs in the Boston region under itsBoston Sports Clubs brand name, 16 clubs (two of which are partly-owned) in the Washington, D.C. region under its Washington Sports Clubs brand name and six clubs in the Philadelphia region under its Philadelphia Sports Clubs brand name. As of December 31, 2013, owns and operates three clubs in Switzerland as of December 31, 2013. The Company develops clusters of clubs to serve densely populated metropolitan regions and it service such populations by clustering clubs near the highest concentrations of its target customers’ areas of both employment and residence. Its clubs are located for maximum convenience to the Company’s members in urban or suburban areas, close to transportation hubs or office or retail centers. The Company’s members include an age demographic covering the student market to the active mature market.
The Company offers three principal types of memberships in its clubs, which include Passport, Core and Restricted memberships. The Company’s clubs has an open fitness area to accommodate cardiovascular and strength-training equipment, as well as special purpose rooms for group fitness classes and other exercise programs. The Company sells its memberships through four channels: direct sales at the club level; through its corporate and group sales division; through its online Website; and through its call center.
The Company competes with Equinox Holdings, Inc., Lifetime Fitness, Inc., Crunch, New York Health and Racquet, LA Fitness International LLC, Sports Club/LA, 24 Hour Fitness Worldwide, Inc., Bally Total Fitness Holding Corporation, Gold’s Gym International, Inc., Retro Fitness, Snap Fitness, Anytime Fitness and Planet Fitness.
Town Sports International Holdings Inc
5 PENN PLAZA, 4TH FLOOR
NEW YORK NY 10001