LTH

Life Time Unveils Nearly 148,000-Square-Foot Athletic Country Club in Lake Zurich on Friday, Sept. 23; Second Life Time to Open in Chicagoland in 2022

Retrieved on: 
Friday, September 23, 2022

LAKE ZURICH, Ill., Sept. 23, 2022 /PRNewswire/ -- On Friday, Sept. 23, Life Time (NYSE: LTH), the nation's premier Healthy Way of Life brand, officially opens Life Time Lake Zurich, a one-of-a-kind athletic country club in the Village of Lake Zurich, Ill. The opening marks the 13th destination in Chicagoland and second to debut in 2022, following the company's first downtown Chicago location in the One Chicago development in January.

Key Points: 
  • The opening marks the 13th destination in Chicagoland and second to debut in 2022, following the company's first downtown Chicago location in the One Chicago development in January.
  • "The Village of Lake Zurich represents a vibrant and active community and the perfect fit for our newest athletic country club as part of our mission to help people live healthy, happy lives."
  • Life Time Lake Zurich will be open Monday through Friday from 4:00am to midnight and Saturday and Sunday from 5:00am to 10:00pm.
  • Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of nearly 160 athletic country clubs acrossthe United StatesandCanada.

Life Time Foundation Commits to 'Get Kids Moving' with more than $600,000 in Grants to Nineteen Youth Organizations Across the Nation

Retrieved on: 
Monday, September 19, 2022

CHANHASSEN, Minn., Sept. 19, 2022 /PRNewswire/ -- Life Time Foundation, the 501(c)(3) charitable arm of Life Time (NYSE: LTH), announces nineteen grant recipients from its Get Kids Moving initiative, a new program launched in November 2021 to spark exercise and healthy movement in nation's youth. The program complements the Life Time Foundation's established and heralded work in improving youth nutrition through partnerships with more than 35 school districts, working to serve the most nourishing, delicious food possible to the students in their care, impacting 3,634 school sites and 1.7 million students since 2011.

Key Points: 
  • Upon announcing Get Kids Moving!, the Life Time Foundation received funding applications from more than 60 school districts, school sites and community organizations.
  • For 10-15 hours a week, children participate in sessions designed to target whole-child fitness (physical, social-emotional and mental).
  • American Senior High School Miami, $15,000
    The American Patriots Runners Team provides equal opportunity for students with special needs and diverse backgrounds to get interested in fitness.
  • The challenges will incorporate camaraderie, sportsmanship, and goal setting by gradually building endurance through fun and competitive games.

12 Pickleball Courts, 6 Group Fitness Studios and One Huge Olympic Pool, Life Time McKinney at Craig Ranch Gears Up for Fall Opening

Retrieved on: 
Monday, September 12, 2022

MCKINNEY, Texas, Sept. 12, 2022 /PRNewswire/ -- Everything is bigger in Texas and now, as Life Time (NYSE: LTH) gets set to bring its 12th destination to the Dallas-Fort Worth metro later this fall in McKinney, the company will soon operate 29 Life Time locations in the state.

Key Points: 
  • Life Time McKinney at Craig Ranch was announced in late 2021 following the purchase and multi-million-dollar renovation to the former Craig Ranch Fitness & Spa.
  • "We're thrilled about the community we're joining and to welcome members this fall," says Jeff Mangan, General Manager at Life Time McKinney at Craig Ranch.
  • The opening of Life Time McKinney at Craig Ranch comes as Life Time celebrates more than 30 years as the nation's premier healthy lifestyle brand this year.
  • After McKinney at Craig Ranch, Life Time will continue growing its Texas footprint with the planned 2023 opening of Life Time Sienna in Missouri City.

Life Time Closes on $200 million in Sale-Leaseback Transactions, Bringing Year-to-Date Total to $375 million

Retrieved on: 
Monday, September 12, 2022

CHANHASSEN, Minn., Sept. 12, 2022 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) today announced that it has now closed on the previously announced agreement to sale-leaseback an additional five properties, bringing its year-to-date sale-leaseback transactions to nine properties totaling $375 million in gross proceeds.

Key Points: 
  • The sale and leaseback of the additional five properties was completed on September 9, 2022, for $200 million in gross proceeds to Life Time.
  • The Company expects to use the net proceeds both to pay down debt and maintain cash on the balance sheet to fund future growth.
  • The sale and leaseback of two properties closed on May 13, 2022, for approximately $95 million in gross proceeds.
  • These transactions would bring the total gross proceeds for sale-leasebacks in 2022 to approximately $675 million.

Life Time Expands Portfolio of Luxury Athletic Clubs in New York City with Opening of Iconic One Wall Street Destination; Brooklyn and Midtown Next

Retrieved on: 
Thursday, September 8, 2022

NEW YORK, Sept. 8, 2022 /PRNewswire/ -- Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, today announced the opening of Life Time One Wall Street, the first of three athletic club destinations planned to open in New York City by the end of 2022. Located in the iconic One Wall Street Development in the Financial District, the 74,000-square-foot destination covers four floors and features something for everyone from 90 days old to 90 years old.

Key Points: 
  • The opening brings Life Time's owned and operated athletic country clubs to more than 160 in the United States and Canada.
  • The additions of Life Time One Wall Street and the forthcoming Life Time DUMBO , Life Time Midtown , Life Time Brooklyn Tower and Life Time Park Avenue locations demonstrate the Company's focus on growth in New York City in high-profile developments and neighborhoods.
  • "Our Life Time One Wall Street destination adds a stunning element to our portfolio in the City and is illustrative of how we'll continue growing here and beyond."
  • Life Time One Wall Street joins the Company's existing destinations, including: Life Time Sky in Hell's Kitchen, 23rd Street, NoHo, and Battery Park.

Life Time President and CFO, Tom Bergmann, to Retire from Company on December 31, 2022; Company Also Named Robert Houghton Executive Vice President and CFO Effective August 28, 2022; Bergmann to Remain President and Assist with Transition through End of Y

Retrieved on: 
Monday, August 29, 2022

In conjunction with Bergmann's retirement, the Company also announced that Robert (Bob) Houghton has been named Executive Vice President and Chief Financial Officer effective August 28, 2022.

Key Points: 
  • In conjunction with Bergmann's retirement, the Company also announced that Robert (Bob) Houghton has been named Executive Vice President and Chief Financial Officer effective August 28, 2022.
  • Bergmann relinquished his Chief Financial Officer role concurrent with Houghton's election and will remain President to support the transition through the end of 2022.
  • Bergmann joined Life Time in February 2016 as President and Chief Financial Officer.
  • Prior to that, he served as Vice President Corporate Finance and Treasurer and Vice President Investor Relations for C.H.

Life Time Recommends Seven Tips for Healthy Aging

Retrieved on: 
Wednesday, August 24, 2022

CHANHASSEN, Minn., Aug. 24, 2022 /PRNewswire/ -- Actively enjoying their retirement years is a reward most people eagerly anticipate following decades of hard work and taking care of others.  Sadly, when they finally have the time to focus on themselves, millions of Americans are too unhealthy or isolated to reap the fruits of their labor.

Key Points: 
  • "It's never too late to make changes to improve you health and happiness," said Renee Main, Life Time, Senior VP of Healthy Aging
    That's why healthy living experts at Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, compiled a list of seven practical tips to help older adults enjoy their lives to the fullest.
  • And the timing couldn't be better because September is Healthy Aging Month.
  • "It's never too late to make changes to improve your own health and happiness," said Renee Main, Sr. VP of Healthy Aging for Life Time.
  • The company's healthy way of life communities and ecosystem address all aspects of healthy living, healthy aging, and healthy entertainment for people 90 days to 90+ years old.

A Rooftop Beach Club, Full-Service Spa and Cafe - and Every Healthy Amenity Imaginable - Comes to Downtown Palm Beach Gardens with Life Time Opening on August 11

Retrieved on: 
Thursday, August 11, 2022

PALM BEACH GARDENS, Fla., Aug. 11, 2022 /PRNewswire/ -- Shopping at Downtown Palm Beach Gardens will take on a new spin as Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, opens its four-story, 136,000 square-foot Life Time Palm Beach Gardens athletic country club today. The new location marks the company's fourth in South Florida as it continues its expansion and will be followed by the opening of Life Time Miami at The Falls in early 2023.

Key Points: 
  • Ideally rooted in the popular Downtown Palm Beach Gardensoff of PGA Boulevard, Life Time will encompass all things healthy living with truly unparalleled experiences and amenities.
  • "After a groundbreaking redevelopment of Downtown Palm Beach Gardens, we're excited for the much-anticipated opening of Life Time," said Brian Donley, Senior Vice President, Development and Construction for ShopCore Properties, owners and managing entity for Downtown Palm Beach Gardens.
  • Life Time joins our stellar lineup of businesses open and set to open over the course of the reimagination of Downtown Palm Beach Gardens.
  • The opening of Life Time Palm Beach Gardens comes as Life Time celebrates 30 years as the nation's premier healthy lifestyle brand.

Life Time to Report Second Quarter of Fiscal 2022 Financial Results on August 10, 2022

Retrieved on: 
Wednesday, July 27, 2022

CHANHASSEN, Minn., July 27, 2022 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) today announced that its financial results for the second quarter of fiscal 2022 will be released before market open on Wednesday, August 10, 2022.

Key Points: 
  • CHANHASSEN, Minn., July 27, 2022 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) today announced that its financial results for the second quarter of fiscal 2022 will be released before market open on Wednesday, August 10, 2022.
  • The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results.
  • Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of nearly 160 athletic country clubs acrossthe United StatesandCanada.
  • The company's healthy way of life communities and ecosystem address all aspects of healthy living, healthy aging and healthy entertainment for people 90 days to 90+ years old.

U.S. Department of Energy Honors Life Time for Energy Reduction Initiatives

Retrieved on: 
Friday, July 22, 2022

CHANHASSEN, Minn., July 22, 2022 /PRNewswire/ -- The U.S. Department of Energy (DOE) has recognized Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, for the company's energy efficiency improvements across nearly 160 athletic country clubs nationwide. DOE staff and Life Time leaders toured the company's Chanhassen, Minn. club to see firsthand the technologies and procedures that helped Life Time increase its energy efficiency by 38% across more than 16 million square feet of building space. 

Key Points: 
  • Life Time's 38% reduction in energy usage ranked #1 nationally for 2022 in the DOE's Better Buildings Challenge.
  • This will continue to be a significant focus for us as core component of our healthy way of life vision.
  • Life Time made and committed to, not only energy efficiency, but water goals as well - and you have surpassed those goals.
  • So, on behalf of the Department of Energy, I want to thank you all for your leadership."