Building the WeWork of workouts will be a stretch

Life Time group

21/06/2024 15:18

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Jennifer Saba
       NEW YORK, June 21 (Reuters Breakingviews) - Life Time is
flexing its luxe brand of gyms to fitness-crazed New Yorkers and
Bostonians. Selling property slims the business model, but
fattens the long-term rents backed by uncertain membership fees.
Putting mega-clubs into malls and office towers also bulks up
the fad factor.
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    CONTEXT NEWS 
    Fitness-chain operator Life Time told investors on May 30
that it expects to generate $611 million in EBITDA this year,
the midpoint of its earlier forecast range and a 14% increase
from 2023.

 (Editing by Jeffrey Goldfarb and Sharon Lam)
 ((For previous columns by the author, Reuters customers can
click on  SABA/ 
jennifer.saba@thomsonreuters.com))