The Real Deal New York

Equinox buys remaining Millennium gyms for $110M

Second-biggest acquisition for Related-owned gym leaves it with 73 locations across the globe
July 28, 2014 12:45PM

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