Equinox Fitness is expanding its upscale workout emporium.
Equinox, which is owned by the Related Companies, bought Sports Club/LA gyms in New York and four other cities as well as the Reebok Sports Club/NY Gym on the Upper West Side. Those gyms will all turn into Equinox locations.
This $110 million deal — Equinox’s second biggest acquisition — is for the remainder of the gyms owned by Millennium Partners. Half of Millennium’s gyms were sold to Equinox three years ago for $130 million.
Equinox will now have 73 locations across the globe, mostly in San Francisco, Los Angeles, London and New York. [NYT] – Claire Moses