The Bay Club, newly flush with cash, recently acquired five fitness clubs from Leisure Sports Inc., and entered into a development relationship with the fitness resort company.
Leisure Sports started its ClubSport brand in the 1980s and has five locations, four in the San Francisco bay area and one in Portland, Ore. Bay Club will merge those ClubSport properties into its operations, bringing the total number of Bay Club properties to 26. The properties will be converted to the Bay Club brand name over time.
“We are honored with the opportunity to collaborate with the team at Leisure Sports, Inc. and are committed to bringing the combined value and benefits of our two brands to the members and employees throughout the West Coast,” said Matthew Stevens, President and CEO of The Bay Club Company.
KKR & Co. acquired The Bay Club in July. This most recent acquisition closed in September.
The acquisition cements the Bay Club’s standing as the second largest health club operator in the Bay Area, according to the San Francisco Business Times.
Leisure Sports will focus on its other properties, including a social club it is developing in San Jose, Calif. The company added hotel accommodations to its clubs in the 2000s
“Finding a partnership that has a rich tradition and focus on Fitness and Hospitality is very exciting for our team of associates as well as our members and guests,” said Steve Gilmour, President and CEO of Leisure Sports. “The ability for our two companies to collaborate on future development and innovate in both Fitness and Hospitality is a great marriage of our history.”