SAN RAMON, Calif.–(BUSINESS WIRE)–24 Hour Fitness announced that it has sold its California Fitness clubs,
located throughout Asia, to The Ansa Group. The sale involves all
eighteen California Fitness clubs in Hong Kong, Singapore and China.
Financial terms were not disclosed. California Fitness was acquired by
24 Hour Fitness in 1999.
The sale will enable 24 Hour Fitness to focus on U.S. operations, which
have experienced substantial growth since the company was acquired by
Forstmann Little & Co. in 2005. During this period, 24 Hour Fitness’
membership has grown from 2.8 million to nearly four million at more
than 400 clubs nationwide and team member headcount has expanded from
17,000 to 22,000.
“The sale of our Asia-based California Fitness clubs will enable 24 Hour
Fitness to remain laser focused on our team members, members and clubs
throughout the U.S.,” said Carl Liebert, president and chief executive