Subsequent Events

12 Months Ended

Dec. 31, 2017

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

In January 2018, the Company acquired an existing club in the Boston metropolitan region. The Company also acquired an existing club in the Florida region, as well as the land and building the club occupied. Refer to Note 6 - Acquisitions for further details.

In January 2018, the Company adopted a management stock purchase plan known as the Town Sports International Holdings, Inc. 2018 Management Stock Purchase Plan. There were no stock purchases under this plan as of February 28, 2018.

On February 21, 2018, the Company entered into an agreement to acquire substantially all of the assets of the Total Woman Gym and Spa business (“Total Woman”). Once consummated, this acquisition will add another women-focused fitness brand to the Company’s growing fitness portfolio. The Company expects this transaction to be completed in the second quarter of 2018.