Sport & Health opening new health clubs in area
Correction: An earlier version of this story incorrectly said the company will open a club in Gainesville in September of this year; the club opened in September 2009. We also said PNC Financial Services Group owns part of Sport & Health; PNC Mezzanine provided the company with debt financing.
McLean-based Sport & Health on June 1 will open a sprawling new flagship health club in Loudoun County's Brambleton Town Square, one of busiest, wealthiest and fastest-growing communities in the country.
The 38,000-square-foot mega-club took 2 1/2 years and cost $10 million to build and outfit. It's the latest addition to the 25-unit group, which ranks among the biggest health clubs in the Washington region with 120,000 members.
"It's the fastest-growing county in the country, with one of the highest median incomes, and we aren't represented in that market," said Sport & Health chief executive Jonathan Adler. "The amount of housing being built in that area is unbelievable. We are right in a hot spot in growth in Loudoun County."
Adler said Sport & Health opened a club in Gainesville last September, and has plans to open another five clubs in the next 18 months. The company recently spent $3 million renovating its Bethesda club.
Sport & Health, owned by four groups of local investors, is the largest provider of indoor tennis courts in the Washington region. The company has invested in technology for its senior managers, giving them real-time information on each club.
The company will have 30 locations in the region by next year.
"We're bullish on the whole Washington area," Adler said.