The Bay Club Company announced the acquisition of Spectrum Athletic Clubs, marking the company’s entry into the Los Angeles area.
The Bay Club Company will apply its unique model to the newly acquired four campuses across 11 locations, creating the first modernized country club network in Los Angeles.
The Bay Club Company will add over 33,000 members to its growing family with the addition of the new campus sites. The Bay Club Company’s campus concept consists of a variety of locations within a sub-geographical area that include fitness centers, athletic clubs, swim and tennis complexes and country clubs.
With the acquisition of Spectrum, The Bay Club Company now operates 23 locations across 10 California campuses — five in Northern California (Marin, San Francisco, Redwood Shores, Silicon Valley and Los Gatos) and five in Southern California (Santa Barbara, San Diego and three in Los Angeles).
The Bay Club Company has additional plans to expand, both within its core California markets as well as attractive markets outside of California over the next 12 months.
“We are thrilled to expand our Southern California footprint as a natural extension of our well-established presence in Northern California,” said Matthew Stevens, the CEO and president of The Bay Club Company, in a press release. “We’re looking forward to introducing our unique model to the Los Angeles and Santa Barbara markets. We’ve built this model to truly engage with our community by focusing on what matters most to our members: a safe place to enjoy friends and family — a place where everyone can be happy.”
Over the next 12 months, The Bay Club Company plans to invest over $10 million in its newly-acquired Los Angeles area clubs to mirror its signature lifestyle amenities found at its current 12 locations in the San Francisco and San Diego markets.
In June 2014, The Bay Club Company was acquired by management along with an investment group led by York Capital Management.
“As part of the Spectrum Athletic Clubs acquisition, we are pleased to announce that Continental Development Corporation of El Segundo has decided to join the The Bay Club Company equity ownership group,” continued Stevens.
Continental co-developed and, for nearly 30 years, has co-owned the Spectrum Athletic Club’s South Bay flagship fitness facility in El Segundo’s Continental Park.
The Bay Club Company is an active lifestyle and hospitality company with a network of modern country clubs that welcome more than 85,000 members.
