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

Jun 22, 2004

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.

Most Popular

See all

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

By Jason R. Rich

Thought Leaders

How to Become a Successful Social Entrepreneur

It's not the same as being a great business person.

By Chris Porteous

Growing a Business

Want to Expand Your Market Overseas? Here's Everything You Need to Know About Global Logistics in 2024

With rising geopolitical tensions and changing market conditions it can be hard for businesses to navigate supply chain logistics even in a post-pandemic world. Here are three tips from the CEO of an international customs brokerage.

By Mike Chisholm

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

By Eve Gumpel

Business News

Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'

The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.

By Sherin Shibu