Planet Fitness Announces Headquarters Move
Company to relocate from Newington, NH to Hampton, NH in spring 2017 to accommodate aggressive growth
NEWINGTON, NH (November 7, 2016) – Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced it will be moving and expanding its headquarters to 4 Liberty Lane West in Hampton, NH in the spring of 2017. The Company is moving from its current location in Newington, NH where it has been headquartered since 2010.
Planet Fitness has experienced aggressive growth, more than doubling its footprint and increasing its number of corporate employees, from approximately 40 employees to 180 in the past five years alone. Today, Planet Fitness has more than 8.7 million members and over 1,200 locations in 47 states, the District of Columbia, Puerto Rico and Canada.
The Company currently occupies approximately 25,000 square feet in its existing headquarters, where 180 employees are based. Planet Fitness plans to renovate the new 70,000 square foot headquarters and the space will reflect the brand’s famous culture, personality, and innovation; with state-of-the-art facilities including a 4,000 square foot fitness center, a café, barista station, areas for employees to collaborate and socialize, a functional outdoor space, and more.
“We are thrilled to remain in New Hampshire which has proudly been our home since our founding nearly 25 years ago,” said Chris Rondeau, chief executive officer of Planet Fitness, Inc. “As we continue to grow the business and add top-notch talent to our team, our new headquarters is an important investment in our employees and our future, creating an energizing and engaging workplace environment for our valued employees. This new space will also support the tremendous runway for growth that is ahead of us as we empower people around the world to pursue a healthier lifestyle in non-intimidating, judgement free environment.”
“We are pleased that Planet Fitness has chosen 4 Liberty Lane as the new home of their corporate headquarters and we are confident that the space will exceed their expectations,” said Farley White principal Sam Altreuter. “Our purchase of this building in 2015 reflected our enthusiasm for the building itself, and the New Hampshire business environment in general, and has been rewarded with an occupancy rate that now exceeds 97% in a one million square foot portfolio of properties in the state. This building is an ideal fit for Planet Fitness as they continue on their impressive growth trajectory with new renovations that will create an amazing work environment for their expanding workforce.”
About Planet Fitness
Founded in 1992 in Dover, N.H., Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. As of September 30, 2016, Planet Fitness had more than 8.7 million members and more than 1,200 stores in 47 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic. The Company's mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 90% of Planet Fitness stores are owned and operated by independent business men and women.
McCall Gosselin, Planet Fitness
Julia Young, ICR