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L.A. Fitness buying Bally clubs, including Indy location

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California-based L.A. Fitness, one of the heavyweights in the local health club business, is buying 171 Bally Total Fitness locations, including its only area location, at 5435 W. Pike Plaza Road in Indianapolis.

The deal is the latest shakeup in the U.S. health club industry, which is consolidating after a spurt of overbuilding. The changes are rocking the Indianapolis health club market.

On Nov. 15, Florida-based Lifestyle Family Fitness said it was selling two Indianapolis clubs to Minnesota-based Life Time Fitness and was shutting two others. Days earlier, Cardinal Fitness abruptly closed six of its 12 area locations.

A letter posted by Cardinal Fitness said "operating expenses, marketing costs, and an incredible amount of new competition has increased to the point that competing is no longer possible" at the locations it closed.

L.A. Fitness is buying all but 100 of Chicago-based Bally's clubs. The  deal is expected to close by the end of the month. L.A. Fitness already operates eight health clubs in the area.
 

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  • Correct Link
    Here is the correct link. The previous one has a space between reduced fee.

    http://www.change.org/petitions/lafitness-honor-reduced-fee-lifetime-contracts-of-bally-members-after-billing-period
  • petition for LA fitness to honor ballys membership
    LA fitness is not honoring some of the ballys membership agreement (Premier Lifetime membership).. Please help by signing the petition below


    http://www.change.org/petitions/lafitness-honor-reduced- fee-lifetime-contracts-of-bally-members-after-billing-period

  • TMA Bally's
    It would fair to provide all of the students of TMA of their status with the program in Illinois. If LA Fitness is not including TMA in their program then these 100's of students will be pulling their memberships from the LA Fitness corporation. They may want to consider the financial implications. Give the facts so rumors do not spread.
  • My impressions
    1. Is it possible the Broad Ripple Cardinal site was subsidizing the other locations so when it lost its lease to Kilroys, the others lost too?
    2. The owners of LifeStyle are brilliant. Locate an adequate facility within a couple miles of LifeTime, suck away its members, then sell the membership to them and the buildings to developers. Even if it wasn't a plan, it sure worked out for them.
    3. If LA Fitness wants to stay competitive, it has to buy whatever's left.

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