Company expects to open 25 locations in New Zealand over the next several years,
further expanding its international footprint
HAMPTON,
N.H., May 10, 2022 /PRNewswire/ -- Planet
Fitness, Inc. (NYSE: PLNT) today announced the Company has
signed an Area Development Agreement with Castle Point Fitness NZ
Ltd. ("Castle Point"), to expand the brand into New Zealand.
Castle Point is a joint venture between the founder of The
Fresnel Companies, LLC, a U.S. based investment firm with
substantial international experience, and a private family office.
The agreement will bring a minimum of 25 Planet Fitness locations
to New Zealand over the next
several years.
"As a part of our strategic international growth plans, we are
thrilled to announce that Planet Fitness will be opening fitness
clubs in New Zealand," said
Ray Miolla, Chief Development
Officer at Planet Fitness. "Our growing fleet of clubs in
Australia is performing very well,
and we believe we have the right local team in place to replicate
this success in New Zealand and
accelerate growth of our business in this region."
With more than 16.2 million members, Planet Fitness has
2,291 stores located in all 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia.
"Planet Fitness' expansion into New
Zealand, where approximately 86% of the population doesn't
yet belong to a gym*, creates a tremendous opportunity to meet
consumer needs in the market and offer a judgement free, affordable
fitness experience by breaking down the barriers and providing
access to fitness for all," said Chris
Rondeau, Chief Executive Officer at Planet Fitness. "We are
excited to be working with the Castle Point team and look forward
to welcoming them into our system and growing the Planet Fitness
brand in New Zealand."
Planet Fitness offers extremely low prices and a variety of
benefits, including a hassle-free environment, brand name cardio
and strength equipment, fully equipped locker rooms, flat screen
televisions and much more. The free Planet Fitness App, available
to members and non-members alike, puts more than 1,000 exercises
right in your pocket with routines for all levels and interests.
The Planet Fitness Black Card® membership includes extra perks,
such as access to any club at no additional charge, the ability to
bring a guest anytime, and additional amenities like unlimited use
of massage chairs, HydroMassage beds, and more.
For more information on Planet Fitness and to find a club near
you visit www.PlanetFitness.com.
*The 2020 IHRSA Global Report.
About Planet Fitness
Founded in 1992 in Dover, NH, Planet Fitness is one of the
largest and fastest-growing franchisors and operators of fitness
centers in the United States by
number of members and locations. As of March
31, 2022, Planet Fitness had more than 16.2 million members
and 2,291 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia. The Company's mission is to enhance
people's lives by providing a high-quality fitness experience in a
welcoming, non-intimidating environment, which we call the
Judgement Free Zone®. More than 90% of Planet Fitness stores are
owned and operated by independent business men and women.
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SOURCE Planet Fitness, Inc.