No Sleeping Here - Life Time Unveils 46,000-Square-Foot Pickleball Expansion in Former Bed, Bath and Beyond at Life Time Annapolis on Oct. 9

Rhea-AI Summary

Life Time (NYSE: LTH) has unveiled a 46,000-square-foot expansion at its Annapolis Town Center location, doubling the club's size to nearly 90,000 square feet. The expansion, announced in May 2024, transforms the former Bed, Bath and Beyond space into a pickleball haven, featuring:

• 11 permanent pickleball courts
• Courtside social lounges
• Small group training spaces
• Additional cardio and strength equipment
• Recovery and mobility services
• A pickleball pro shop

This expansion capitalizes on the growing demand for pickleball and small group training. Life Time now boasts over 750 pickleball courts nationwide as of October 2024, solidifying its position in the fastest-growing sport in the nation.

Positive

• Expansion doubles the club size to 90,000 square feet, potentially increasing revenue and membership capacity
• Addition of 11 pickleball courts capitalizes on the fastest-growing sport in the nation
• Diversification of offerings with new small group training spaces and recovery services
• Strategic use of prime real estate in a bustling location
• Continued growth in pickleball courts nationwide, reaching over 750 courts

Negative

• None.

Club doubles in size with addition of 11 courts, spacious pickleball lounge and dedicated small group training space, growing to nearly 90,000 square feet

ANNAPOLIS, Md., Oct. 9, 2024 /PRNewswire/ -- Following the successful opening of Life Time Annapolis in November 2022 and the continued demand for pickleball and small group training, Life Time (NYSE: LTH), the nation's premier healthy way of life company, today unveiled an expansion at Annapolis Town Center.

The new 46,000-square-foot space was designed to create new fitness and social experiences for current members and the community, and brings new energy to the former Bed, Bath and Beyond space, which closed in April 2023.

The expanded footprint of Life Time Annapolis, announced in May 2024, adds to the already in-demand athletic country club, which now covers nearly 90,000 square feet and includes:

• 11 permanent pickleball courts for open play, leagues, clinics and tournaments
• Courtside social lounges with ample viewing and spaces for events
• Small group training and Dynamic Personal Training spaces for Life Time's exclusive Alpha, GTX and UltraFit classes
• Additional best-in-class cardio and strength training equipment
• Life Time Recovery and mobility services with hydro and cryo massage chairs, percussion massage and compression boots
• A pickleball pro shop featuring equipment and apparel from JOOLA, lululemon and Life Time, including the new Ultimate Pickleball

"From the moment we announced we were bringing pickleball to Annapolis Town Center this spring, the excitement has been building and we're thrilled to bring even more opportunities for people to be healthy, happy and social," said Parham Javaheri, Life Time Chief Property Development Officer and President Club Operations. "This was an opportunity to take over prime real estate in the bustling Annapolis Town Center, grow our existing footprint and spur additional growth from within our existing portfolio." 

Pickleball continues to be the fastest growing sport in the nation. Since 2021, Life Time continues to be at the forefront of the sport, topping more than 750 courts nationwide as of October 2024. The company recently revealed its own patented pickleball, created by Life Time Founder, CEO, and Chairman Bahram Akradi. In February, the Company named tennis legend, Andre Agassi, as its inaugural chair of the Life Time Racquet Sports Board to guide future growth.

For more information: See a flythrough video for a look at the new space and visit the club website. Life Time Annapolis is located at 200 Harker Place and is open from 5:00am to 10:00pm weekdays and 6:00am to 8:00pm weekends.

For more information about Life Time, visit www.lifetime.life or follow on social media at Facebook, Instagram and LinkedIn.

About Life Time
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 175 athletic country clubs across the United States and Canada. The health and wellness pioneer also delivers a range of healthy way of life programs and information via its complimentary Life Time app. The Company's healthy living, healthy aging, healthy entertainment communities and ecosystem serve people 90 days to 90+ years old and is supported by a team of more than 42,000 dedicated professionals. In addition to delivering the best programs and experiences through its clubs, Life Time owns and produces nearly 30 of the most iconic athletic events in the country.

 

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SOURCE Life Time, Inc.

FAQ

What is the size of Life Time Annapolis's new expansion?

Life Time Annapolis's new expansion is 46,000 square feet, bringing the total club size to nearly 90,000 square feet.

How many pickleball courts were added in the Life Time Annapolis expansion?

The expansion added 11 permanent pickleball courts for open play, leagues, clinics, and tournaments.

When was the Life Time Annapolis expansion announced and completed?

The expansion was announced in May 2024 and unveiled on October 9, 2024.

What new features are included in the Life Time Annapolis expansion?

The expansion includes 11 pickleball courts, courtside social lounges, small group training spaces, additional cardio and strength equipment, recovery services, and a pickleball pro shop.

How many pickleball courts does Life Time (LTH) have nationwide as of October 2024?

Life Time (LTH) has over 750 pickleball courts nationwide as of October 2024.