Nov 1, 2007 12:00 PM
In BRIEF
Nifty After Fifty, a year-old fitness and wellness company that caters to seniors, has been given the go-ahead by the California Department of Corporations to begin selling franchises. According to Sheldon Zinberg, founder of Nifty After Fifty, the franchise has four locations in California with a fifth soon to open. He expects to have 10 to 12 facilities open by spring.
Peak Fitness closed its club in the Westgate Shopping Center in West Asheville, NC, according to the Asheville Citizen-Times. Several companies had run the club in the shopping center over the last 25 years. Peak Fitness, which bought the club in August 2006, claims its rent would have quadrupled to $28,000 a month. The company that owns the property, FIRC Group LLC, claims that the rent would have at least doubled, to about $13,500 a month, according to the newspaper.
Ocean Fitness Center in Ocean Township, NJ, has closed after 20 years in operation. The club's owner, The Fitness Co., filed for bankruptcy in July. The Fitness Co. reported $3.4 million in assets and $8.1 million in liabilities, according to court papers.
WTS International provided pre-opening duties and is now performing daily management services for L'Auberge de Sedona (AZ). The spa was recently included on Conde Nast Traveler's Gold List as one of the best places in the world to stay. The spa was also named one of the top 500 hotels by Travel + Leisure Magazine.
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