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Millennium Takes Sports Club Portfolio for $65M

NEW YORK CITY-For $65 million, a subsidiary of Millennium Partners grabs a seven sports club portfolio. The seller was the Sports Club Co. Inc. Three of the clubs are located here. One is on the Upper East Side, another is on the Upper West Side and the third is in Rockefeller Center. The other holdings are in Boston, San Francisco, Miami and Washington, DC.

By Barbara Jarvie | Updated on October 31, 2005

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NEW YORK CITY-A subsidiary of Millennium Partners signed a binding asset purchase agreement with the Sports Club Co. Inc. for seven of the company’s sports clubs. The purchase price was $65 million.

Six of the clubs are company owned, while the Miami club is managed by Sports Club. Three of the clubs are located here. One is on the Upper East Side, another is on the Upper West Side and the third is in Rockefeller Center. The other holdings are in Boston, San Francisco, Miami and Washington, DC.

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