Equinox, Blink Announce Club Openings

Equinox, Blink Announce Club Openings

Equinox, New York, and its low-cost model Blink Fitness have recently announced club openings.

Equinox, New York, and its low-cost model Blink Fitness have recently announced club openings.

The new Equinox club will occupy a 30,000-square-foot space on two floors of an office building in Glendale, CA, the Glendale News-Press reported. It is expected to open in early 2015.

"Our overall strategy in urban markets, whether it's New York or L.A., is to build clubs near where people work," John Klein, senior vice president of real estate for Equinox, told the News-Press, a division of the Los Angeles Times.

The Equinox club will become the company's 17th in Southern California, according to its website.

Might there be a new Equinox club in Houston coming soon? On Tuesday, Equinox President Sarah Robb O'Hagan hinted as such with these two tweets:

If Equinox does open a club in Houston, it would be its first in that city and third in the state of Texas. The company has two clubs in the Dallas area.

On Wednesday, Bloomberg reported that Equinox Holdings is seeking a $150 million term loan to help refurbish its gyms and redeem stock options. An analyst told Bloomberg that part of the loan would go to renovate the six Sports Club/LA clubs Equinox acquired from Millennium Partners earlier this year. Equinox declined to comment on the report.

On the East Coast, Blink Fitness held a grand opening last Thursday for a new club in Baldwin, Long Island, NY. This is Blink's 31st club and sixth on Long Island.

Blink, where memberships start at $15 a month, has five more clubs scheduled to open between now and January, according to its website. All Blink clubs are located in the greater New York City area.

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