Gold's Gym to be Sold to TRT Holdings <b></b>

Jun 22, 2004

Share

Los Angeles-Gold's Gym International Inc., which was founded in Venice in 1965, is being sold to TRT Holdings Inc., the Texas-based owner of the Omni Hotel chain.

Florida-based private equity firm Brockway Moran & Partners, the former owner of Gold's Gym, did not disclose the amount TRT paid to acquire the brand. Brockway Moran acquired Gold's Gym in 1999, and undertook an expansion by acquiring some gyms and licensing the Gold's Gym name to others.

Gold's Gym operates 550 gyms in 23 countries. The transaction is expected to close within five weeks. -Los Angeles Business Journal

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

To Make Your First Million Dollars, Draw Up This Venn Diagram: 'You Want to Fall Right in the Middle. If You Do, I Think It'll Take 5 Years'
An Aggressive 1980s Marketing Campaign Made Many Americans Believe Cinco De Mayo Is Something It's Not. Are You One of Them?
9 Productivity Tips That the 1% Know to Follow
AI Is Transforming Drug Matching for Cancer, Rare Diseases — Here's How
From Pups to Profits — These Are the Top Pet Franchises for 2024
When Your Company Hits This 'Critical Mark,' Big Investors and Private Equity Will Come Calling

Most Popular

See all

Business News

Kevin O'Leary Says This Is a 'Huge Red Flag' When He's Looking at Resumes

The "Shark Tank" star took to X to share his opinions on job hopping — and how long you should really stay in a job.

By Emily Rella

Business News

The Met Museum, OpenAI Created an AI Chatbot With the Persona of a 1930s Socialite for a New Exhibit

The finale of the Costume Institute's latest fashion exhibit features a wedding dress worn 94 years ago by New York socialite Natalie Potter and an AI chatbot with her vibe.

By Sherin Shibu

Side Hustle

The Sweet Side Hustle She Started in an Old CVS Made $800,000 in One Year. Now She's Repeating the Success With Her Daughter — and They've Already Exceeded 8 Figures.

Mother-daughter team Elisabeth and Gina Galvin are taking their snack brand Stellar Snacks to new heights, literally — you've probably seen their products in-flight.

By Amanda Breen