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Focus on city locations is behind the sale of Virgin Active clubs
By Deven Pamben 07 Feb 2017
The gym chain said it will focus on investing in its existing sites and on innovative classes
The sale of 16 Virgin Active sites in the UK is the final step of the company's strategy to focus its operations on metropolitan and commuter hubs in its key markets, the health and fitness operator has said.

On Tuesday morning (7 February, 2017), David Lloyd Leisure said it had exchanged contracts with Virgin Active for the sale of sites in Berkshire, Brighton, Clearview, Dorset, Glamorgan, Gloucestershire, Hampshire, Lanarkshire, Lancashire, Lichfield, Norfolk, Northwood, Surrey, Thorpe Wood, Warwickshire and Wearside.

Once the deal is completed, which is expected to be in the second quarter of this year, Virgin Active will operate 45 clubs in the UK, 33 of which are in London.

The operator said it would continue to invest in its exiting sites.

More than £14m (US$17.3m; €16.2m) has been spent in the past year on upgrading and growing its high-end London Collection portfolio, including the opening of a club at Mansion House and the upgrade of three other sites. There are 12 clubs in its Collection portfolio.

Virgin Active plans to continue its upgrade programme in 2017, including a full refurbishment of its Chelsea club.

The operator has also been focusing on classes, with the launch of The Pack, a team-based tech-enabled group cycle programme; ballet-inspired Barre; and a range of yoga classes, including Calm by Candlelight.

Paul Woolf, Virgin Active chief executive, said: “This transaction delivers a compelling valuation and focuses our UK estate in metropolitan and commuter hubs, in line with our operations elsewhere in the world. We see considerable opportunities to continue our long-term growth record by investing in existing and new market-leading health clubs in all of our territories, including the UK.

“Since acquiring these clubs in 2011, we have reinvested back into the facilities and seen the membership grow. Both the members and the club teams will now transfer across to David Lloyd where we expect the clubs to continue to prosper. We’d like to thank our people for their contribution to the success of these clubs, and our members for their support.”


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Art of Cryo
Art of Cryo
Art of Cryo
Art of Cryo
News   Products   Magazine
NEWS
Focus on city locations is behind the sale of Virgin Active clubs
POSTED 07 Feb 2017 . BY Deven Pamben
The gym chain said it will focus on investing in its existing sites and on innovative classes
The sale of 16 Virgin Active sites in the UK is the final step of the company's strategy to focus its operations on metropolitan and commuter hubs in its key markets, the health and fitness operator has said.

On Tuesday morning (7 February, 2017), David Lloyd Leisure said it had exchanged contracts with Virgin Active for the sale of sites in Berkshire, Brighton, Clearview, Dorset, Glamorgan, Gloucestershire, Hampshire, Lanarkshire, Lancashire, Lichfield, Norfolk, Northwood, Surrey, Thorpe Wood, Warwickshire and Wearside.

Once the deal is completed, which is expected to be in the second quarter of this year, Virgin Active will operate 45 clubs in the UK, 33 of which are in London.

The operator said it would continue to invest in its exiting sites.

More than £14m (US$17.3m; €16.2m) has been spent in the past year on upgrading and growing its high-end London Collection portfolio, including the opening of a club at Mansion House and the upgrade of three other sites. There are 12 clubs in its Collection portfolio.

Virgin Active plans to continue its upgrade programme in 2017, including a full refurbishment of its Chelsea club.

The operator has also been focusing on classes, with the launch of The Pack, a team-based tech-enabled group cycle programme; ballet-inspired Barre; and a range of yoga classes, including Calm by Candlelight.

Paul Woolf, Virgin Active chief executive, said: “This transaction delivers a compelling valuation and focuses our UK estate in metropolitan and commuter hubs, in line with our operations elsewhere in the world. We see considerable opportunities to continue our long-term growth record by investing in existing and new market-leading health clubs in all of our territories, including the UK.

“Since acquiring these clubs in 2011, we have reinvested back into the facilities and seen the membership grow. Both the members and the club teams will now transfer across to David Lloyd where we expect the clubs to continue to prosper. We’d like to thank our people for their contribution to the success of these clubs, and our members for their support.”
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Hotels incorporating wellness amenities experienced a significant boost in Total Revenue per Available Room (TRevPAR) in 2023, according to the latest Wellness Real Estate Report by RLA Global, produced in partnership with P&L benchmarking firm HotStats.
World leaders gather at luxury Italian wellness retreat Borgo Egnazia for G7 Summit
The 2024 G7 Summit is now underway at a destination spa resort in Puglia, Italy, with leaders from Canada, France, Germany, Italy, Japan, the UK and the US convening to address some of the world’s most urgent issues.
Minor devises new medi-wellness concept for Anantara, debuting in Phuket in Q3
Minor Hotels CEO Dillip Rajakarier has unveiled plans to introduce an innovative medi-wellness concept to the group's Anantara Hotels, Resorts and Spas brand, with ambitions to expand the concept to additional resorts in the future.
Global Wellness Day 2024 shatters records as 1 billion people unite for wellness and nature
Global Wellness Day (GWD) marked its 13th anniversary on Saturday, 8 June and was reportedly celebrated by a record-breaking 1 billion people worldwide, making it the most successful year yet.
Deepak Chopra-backed wellness resort Ameyalli to open among historic Utah hot springs
Wellness industry figure Deepak Chopra is co-developing a new wellness community and resort focused on wellbeing and longevity in Utah’s Heber Valley, centred around natural geothermal springs.
László Puczkó joins Ensana as senior health spa advisor
European health spa operator Ensana has announced the strategic appointment of Dr László Puczkó as senior health spa advisor.
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