Life Time Group Holdings Inc Stock Price, News & Analysis

Life Time (NYSE: LTH) reports significant growth in pickleball participation, boasting over 350 permanent courts with plans to exceed 600 by year-end 2023. The surge in popularity reflects a doubling of U.S. players to nearly 5 million in five years. Monthly participation at Life Time clubs soared from 16,000 to over 70,000 in nine months. CEO Bahram Akradi envisions Life Time not only as the largest provider but also the best in pickleball services, including classes and tournaments, further solidifying the company's status as a leader in healthy lifestyle offerings.

Life Time (NYSE: LTH) has launched its first luxury athletic country club in Brooklyn, known as Life Time Dumbo, covering 77,000 square feet. The facility includes six studio boutiques, a lap pool, basketball court, restaurant, spa, and Kids Academy, promoting a healthy lifestyle for members aged nine months to over 90 years. This expansion enhances Life Time's presence in New York City, following recent openings in other boroughs. With diverse fitness offerings, modern amenities, and a focus on community wellness, Life Time aims to cater to various demographics in a premium environment.

Life Time announced the launch of its first luxury leased residences, Life Time Living, in Green Valley, Henderson, Nevada. This midrise tower features 149 luxury residences designed for a healthy lifestyle, including 105 one-bedroom and 44 two-bedroom units, with prices starting at $2,980. Residents receive a full-access Signature membership to facilities, including a 171,000-square-foot athletic country club. Unique concierge services will support residents' healthy living needs. The development represents a commitment to creating a holistic health-focused community.

Life Time (NYSE: LTH) has officially opened its new athletic country club in Lake Zurich, Illinois, on Sept. 23, 2022. This location spans nearly 148,000 square feet and serves a broad age range from children to seniors. Key features include an indoor aquatic area, pickleball courts, personal training, a beach club, and various wellness amenities. This opening marks the company's 13th site in the Chicagoland area and is part of its commitment to promoting healthy living.

Life Time Foundation has announced over $600,000 in grants to nineteen youth organizations through its Get Kids Moving initiative, aimed at promoting physical activity among children. The organization, aligned with Life Time (NYSE: LTH), works with schools to enhance nutrition and exercise. This funding will positively impact more than 27,000 kids across the nation.

Grants vary, with significant amounts allocated to programs such as the Austin Independent School District ($100,000) and Chicago Public Schools ($68,979.50). The initiative reflects a commitment to combating youth sedentary lifestyles.

Life Time (NYSE: LTH) is set to open its 12th location in the Dallas-Fort Worth metro area at McKinney this fall, expanding its presence in Texas to 29 clubs. The 100,000-square-foot facility will feature amenities such as 12 outdoor pickleball courts, an Olympic-sized pool, and various group fitness classes. The membership includes access to the Kids Academy and LifeSpa services, catering to a wide age demographic. Life Time celebrates over 30 years of operations and plans further growth with a new location scheduled for Missouri City in 2023.

Life Time Group Holdings, Inc. (NYSE: LTH) announced the completion of a sale-leaseback of five properties for $200 million on September 9, 2022. This brings the total gross proceeds from year-to-date transactions to $375 million. The proceeds will be allocated to pay down debt and strengthen the company's balance sheet. The company is also considering further monetizing up to $300 million in real estate by year-end, potentially increasing total proceeds for 2022 to $675 million.

Life Time is launching its fall version of the 60day Challenge across its nearly 160 athletic country clubs in the U.S. and Canada, starting September 10, with registration open until September 17. Since its inception in 2010, participants have lost over one million pounds. The challenge offers daily support, consultations with personal trainers, meal plans, and weekly challenges. Winners, announced on November 30, will receive various prizes, including a vacation and personal training sessions. Life Time also introduces a complimentary, two-week D.TOX program beginning September 19.

Life Time (NYSE: LTH) has expanded its footprint in New York City with the opening of Life Time One Wall Street on September 8, 2022. This new 74,000-square-foot athletic club features amenities for all ages and is the first in NYC to offer Life Time Kids Academy. The club aims to enhance the health and wellness landscape, bringing Life Time's total locations to over 160 across the U.S. and Canada. Life Time plans further expansion with additional clubs in Dumbo and Midtown by the end of 2022.