#Equinox sports club dc professional

They bootstrapped the business’s start and it’s initial growth and didn’t have outside investors. The Errico siblings wanted to combine the clean, bright vibe of dance and aerobic studios with great music and ambiance so that people would want to go after work and hang out with friends. Aesthetics were not valued or incorporated – many large gyms just resembled a dingy, low-lit, low ceilinged basement with mats on the floor. When Equinox first started, gyms were thought of as places where bodybuilders went. Thus they created beautiful gyms in prime locations where clients both exercised and socialized.

#Equinox sports club dc professional

They wanted to create an alternative to “Happy Hour” after work for the professional New Yorker. Vito Errico was a builder and interior designer. Daniel Errico’s past career had focused on money, investments and real estate. Lavinia Errico had a background in talent management. Sibling co-founders Lavinia, Daniel & Vito Errico started the company in 1991 with a single fitness club in NYC.

They are exploring an IPO with a valuation of up to $9 billion.

In 2020 when they received an equity round of funding, they were valued at $7 billion.

The current chairman and CEO is Harvey Spevak.

Is also involved in a lawsuit over unpaid rent in NY in 2020-2021.

Settled a lawsuit in 2013 about unpaid overtime for their trainers.In 2020, citing the impact of the global pandemic, the company reported a $350 million loss despite bringing in $650 million in revenue. Historical sales information is not publicly available.Equinox is a private company that has had two equity fundraising rounds of undisclosed amount.Equinox started as a single, upscale, aesthetically pleasing fitness center where you could both work out and hang out.Equinox was founded in 1991 by three siblings: Lavinia, Daniel & Vito Errico.

Potential valuations shared by knowledgeable insiders go up to $9 billion. Equinox is in IPO-related negotiations that have not been finalized with SPAC-company Social Capital Hedosophia Holdings Corp. The programs offered include strength training, cardio training, group fitness classes, private personal training, pilates classes, pilates instructor training, spa services, apparel and accessories.Įach location and brand exemplify the corporate tag-line: High Performance Living. It owns and operates the following luxury lifestyle and health-focused brands: Equinox, Equinox Hotels, Precision Run, Project by Equinox, Equinox Explore, Equinox Media, Furthermore, PURE Yoga, Blink Fitness and Soul Cycle. It started as a single fitness club in the Upper West Side and is now an international company operating 100+ gyms all over the world including branching out into the hotel industry in 2019. Headquartered in New York City, luxury fitness company Equinox is hitting its stride coming out of the COVID-19 pandemic.