CLUB on NASDAQ
Town Sports International Holdings
U.S. fitness center company
Town Sports International Holdings (or TSI Holdings) is an operator of fitness centers in Florida and in Puerto Rico. Its current brands include Liv Fitness Clubs, Palm Beach Sports Clubs, and Christi's Fitness. Former brands include New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports Clubs, Washington Sports Clubs, Lucille Roberts, TMPL Gym and Total Woman Gym and Spa.3 Wikipedia text CC BY-SA 4.0
Price unavailable
Last updated Oct 20, 2026.
Overview
- TickerCLUB on NASDAQ1
- Industryhealth club1
- HeadquartersNew York City1
- Incorporated inDE5
- Business address1001 Us North Highway 1, Suite 201, Jupiter, Fl 334775
- Filer categoryNon-accelerated filer, Smaller reporting company5
- Legal formLimited Liability Company4
- LEI5493008PCI0N5T557U044
- StatusActive4
- LEI statusLapsed (not renewed)4
- Registered addressC/O C T CORPORATION SYSTEM, 10005 New York, United States4
- Registered withCorporation and Business Entity Database (Division of Corporations, State Records and UCC, Department of State), 33809044
See how the biggest companies compare on our leaderboards

Town Sports International Holdings (or TSI Holdings) is an operator of fitness centers in Florida and in Puerto Rico. Its current brands include Liv Fitness Clubs, Palm Beach Sports Clubs, and Christi's Fitness. Former brands include New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports Clubs, Washington Sports Clubs, Lucille Roberts, TMPL Gym and Total Woman Gym and Spa.3
What it owns
What Town Sports International Holdings reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $4.8M8 Dec 31, 2019 | $4.8M8 Dec 31, 2018 | 0% |
| Buildings and improvements | $16.0M8 Dec 31, 2019 | $16.0M8 Dec 31, 2018 | 0% |
| Furniture and fixtures | $60.4M8 Dec 31, 2019 | $58.2M8 Dec 31, 2018 | +3.7% |
| Computer equipment and software | $20.5M8 Dec 31, 2019 | $19.8M8 Dec 31, 2018 | +3.7% |
| Leasehold improvements | $496.9M8 Dec 31, 2019 | $494.4M8 Dec 31, 2018 | +0.5% |
| Construction in progress | $4.3M8 Dec 31, 2019 | $2.7M8 Dec 31, 2018 | +60.7% |
| Property and equipment, before depreciation | $721.0M8 Dec 31, 2019 | $705.4M8 Dec 31, 2018 | +2.2% |
| Accumulated depreciation | $574.1M8 Dec 31, 2019 | $547.7M8 Dec 31, 2018 | +4.8% |
| Property and equipment, net | $146.9M8 Dec 31, 2019 | $157.7M8 Dec 31, 2018 | −6.8% |
| Finance-lease assets | $6.4M8 Dec 31, 2019 | ||
| Operating-lease assets (leased space) | $563.4M8 Dec 31, 2019 |
Real estate and locations
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $18.8M8 Dec 31, 2019 | $48.1M8 Dec 31, 2018 | −60.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $33.0M8 Dec 31, 2019 | $21.9M8 Dec 31, 2018 | +50.8% |
| Finite-lived intangibles, gross | $16.5M8 Dec 31, 2019 | $14.8M8 Dec 31, 2018 | +11.2% |
| Accumulated amortization | $8.3M8 Dec 31, 2019 | $5.4M8 Dec 31, 2018 | +53.6% |
| Finite-lived intangibles, net | $8.2M8 Dec 31, 2019 | $9.4M8 Dec 31, 2018 | −12.9% |
Leadership
Who has led Town Sports International Holdings, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerRobert J. Giardina Jun 1, 2006 to Nov 3, 201410
- ChairRobert J. Giardina Mar 3, 2015 to Mar 13, 201511
- PresidentRobert J. Giardina Mar 19, 2010 to Nov 3, 201412
- PresidentAlexander A. Alimanestianu Jun 1, 2006 to Jun 1, 200613
- Chief financial officerPhillip Juhan Apr 3, 2020 to Dec 30, 202014
- Chief financial officerNess Helen Van Nov 20, 2019 to Nov 20, 201915
- Chief financial officerCarolyn Spatafora May 13, 2014 to Mar 14, 201916
- Chief financial officerRichard G. Pyle Jun 1, 2006 to Aug 8, 200717
- Chief operating officerGregory Bartoli Aug 21, 2015 to Aug 24, 201618
- Chief operating officerTerry G. Kew May 18, 2012 to May 22, 201319
- Chief operating officerMartin J. Annese Apr 28, 2008 to Nov 17, 201120
- Chief operating officerRandall C. Stephen Jun 1, 2006 to Aug 8, 200721
Board members and other officers (32)
- Chief Marketing OfficerMichelle Ryan Oct 13, 2015 to Dec 14, 201722
- SVP - ControllerNitin Ajmera May 14, 2014 to Mar 24, 202023
- Chief Information OfficerPaul Barron Feb 3, 2011 to Apr 29, 201524
- SVP-Human ResourcesScott R. Milford Dec 9, 2009 to Feb 8, 201625
- Pres. & Chf. Dvlpmnt. OfficerAlexander A. Alimanestianu Jun 5, 2007 to Dec 14, 200926
- SVP Sales & OperationsChristopher Ruta Aug 9, 2007 to Feb 7, 200827
- SVP, Gen. Counsel & SecretaryDavid Kastin Aug 9, 2007 to Mar 13, 201528
- SVP Human ResourcesJames Rizzo Aug 9, 2007 to Jun 16, 200929
- Chief Information OfficerJennifer Prue Aug 8, 2006 to Dec 5, 200830
- Board memberBrian Dubin Jan 5, 2021 to Jan 5, 202131
- Board memberDoug Logigian Jan 13, 2021 to Jan 13, 202132
- Board memberJeffrey Crivello Apr 13, 2020 to Apr 16, 202033
- Board memberJustin Lundberg Jul 22, 2020 to Jul 22, 202034
- Board memberDarren Richman Dec 30, 2020 to Dec 30, 202035
- Board memberDavid Chene Dec 30, 2020 to Dec 30, 202035
- Board memberPhillip Juhan Dec 30, 2020 to Dec 30, 202036
- Board memberMandy Lam Jul 17, 2017 to Jul 17, 201737
- Board memberMarcus Dunlop Jul 17, 2017 to Jul 17, 201738
- Board memberLouis Spencer Wells Mar 26, 2015 to Feb 4, 202039
- Board memberMark Allen McEachen Mar 26, 2015 to Mar 26, 201540
- Board memberMartin J. Annese Mar 26, 2015 to Feb 4, 202041
- Board memberJohn H. Flood Iii. May 11, 2012 to Feb 3, 201542
- Board memberAlexander A. Alimanestianu May 2, 2008 to Dec 14, 200943
- Board memberThomas J. Galligan Iii. Mar 16, 2007 to Feb 4, 202044
- Board memberKevin McCall Apr 4, 2007 to Feb 3, 201545
- Board memberBruce Bruckmann Jun 1, 2006 to Feb 3, 201546
- Board memberJ. Rice Edmonds Jun 1, 2006 to Feb 3, 201547
- Board memberJason M. Fish Jun 1, 2006 to Feb 5, 201948
- Board memberKeith E. Alessi Jun 1, 2006 to Jan 19, 201249
- Board memberPaul Arnold Jun 1, 2006 to Feb 3, 201550
- Board memberRobert J. Giardina Jun 1, 2006 to Mar 15, 201610
- General counselLeam Nelson Oct 20, 2015 to Oct 20, 201551
Controversies and legal
Legal proceedings
TSI has had multiple legal issues regarding its cancellation policies.
In 2016, the Attorney General of the District of Columbia investigated TSI for violations of the District's consumer protection laws. TSI and the Attorney General settled this dispute in November, 2016, with TSI agreeing "to clearly disclose its cancellation policies, cease misleading consumers about how they can cancel, and not bill consumers who canceled their memberships." In January 2019, the Attorney General of DC filed a new lawsuit against TSI, alleging that the company had violated the terms of its 2016 settlement and again violated the District's consumer protection laws.
In May 2019, a separate class action lawsuit was filed in New York against TSI, further alleging that the chain ignored members' cancellation requests and collects fees after closing members' accounts.
Forbes magazine reported that the company had a history of mishandling customer memberships, and that as of April 2020 had at least 24 membership-related federal lawsuits filed against it in a five-year span; a number disproportionately higher than TSI's competitors. The company also had an F rating from the Better Business Bureau for failure to respond to 54 complaints and failure to resolve 22 more. A former employee told Forbes that while no gym company was "100% ethical" there was "maybe a little too much" unethical behavior at the company. Several employees stated that many of the company's current issues came to a head after the appointment of Walsh as CEO.
COVID-19 Controversy
On March 16, 2020, all gyms were temporarily closed due to the COVID-19 crisis, and all non-executive staff subsequently terminated. Town Sports International continued to charge member dues, resulting in widespread outrage.
On March 26, Mary Namorato filed suit against Town Sports International, alleging that the company was “defrauding and stealing from gym members” by continuing to charge the chain's approximately 605,000 members. The complaint stated that the company had made “it virtually impossible for members to cancel their memberships and has even refused to honor many members’ cancellation requests”. Namorato's representative stated that competitors Equinox Group, Planet Fitness and Blink Fitness had automatically suspended membership charges due to the closures."
Read the full text
On April 3, the Attorneys General of the states of New York, Pennsylvania and the District of Columbia sent a letter to CEO Patrick Walsh demanding he immediately cease charging monthly membership fees. Five days later the company consented to freeze memberships across the board, however, the return of the fees that had been charged was not addressed. An article in Bloomberg revealed that Walsh was considering having the company file for bankruptcy.
Three weeks later, under pressure from the Attorneys General, the company agreed to issue credits and refunds of fees that had been charged to members.
In August 2025, a Massachusetts court ordered Walsh to pay nearly $4 million in restitution to former Boston Sports Clubs customers who were charged membership fees in April 2020 when the clubs were closed due to the Covid pandemic. In March 2026, the Massachusetts Attorney General's Office announced that it would distribute the restitution proceeds to approximately 47,000 affected customers.
From Wikipedia’s article on Town Sports International Holdings, shared under CC BY-SA 4.0.6
Timeline
Filings
10 filings to the SEC since October 2021: 10 other. The latest 10:
- Jan 31, 202215-12B EDGAR
- Jan 31, 2022S-8 POS EDGAR
- Jan 31, 2022S-8 POS EDGAR
- Jan 31, 2022S-8 POS EDGAR
- Jan 31, 2022S-8 POS EDGAR
- Jan 31, 2022S-8 POS EDGAR
- Jan 31, 2022S-8 POS EDGAR
- Jan 31, 2022S-8 POS EDGAR
- Jan 31, 2022S-8 POS EDGAR
- Jan 31, 2022S-8 POS EDGAR
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Mjp Associates Inc /adv | 18,819 | $468.3K | 0.1% | New |
| Advisor OS, LLC | 18,819 | $468.3K | 0.0% | New |
| Cresset Asset Management, LLC | 15,968 | $397.3K | 0.0% | New |
| Gts Securities LLC | 12,139 | $302.1K | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Town Sports International Holdings is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTOWN SPORTS INTERNATIONAL HOLDINGS INC2
- CIK0001281774
- Employer ID (EIN)20-06400022
- Filer statusNon-accelerated filer<br>smaller reporting company2
- Incorporated inDelaware2
- Fiscal year endsDecember 312
- Industry code (SIC)7997 Services-Membership Sports & Recreation Clubs2
- Business address1001 Us North Highway 1, Suite 201, Jupiter, FL 334772
- Mailing address399 Executive Boulevard, Elmsford, NY 105232
- Phone(212) 246-67002
- Shares outstanding29,715,140 as of Sep 3, 202052
- Public float$32.7M as of Jun 30, 201953
- On EDGAR sinceApr 5, 20042
- Filings980 in all: 4 (498), 8-K (173), 3 (65), 10-Q (48), SC 13D/A (41), SC 13G/A (22), 10-K (16), DEF 14A (14)2
All 37 form types
SC 13G (13), DEFA14A (10), S-8 (9), S-8 POS (9), UPLOAD (9), 4/A (7), CORRESP (6), SC 13D (5), ARS (4), S-1/A (4), S-4/A (4), 3/A (2), 424B3 (2), 8-K/A (2), EFFECT (2), FWP (2), 10-K/A (1), 15-12B (1), 25-NSE (1), 424B4 (1), 5 (1), 8-A12B (1), 8-A12G (1), DFAN14A (1), NT 10-Q (1), S-1 (1), S-3 (1), S-4 (1), SC 14F1 (1)
- Latest filingsAnnual report (10-K) Mar 20, 2020
Quarterly report (10-Q) Sep 4, 2020
Proxy statement (DEF 14A) Aug 6, 2020
Latest 8-K (8-K) Dec 29, 2020
Links
- WikipediaTown Sports International Holdings
- WikidataQ7830012
- SEC EDGARCIK 1281774
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11SEC EDGARRobert J. Giardina, Chair
- 12SEC EDGARRobert J. Giardina, President
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23SEC EDGARNitin Ajmera, SVP - Controller
- 24
- 25
- 26
- 27
- 28
- 29SEC EDGARJames Rizzo, SVP Human Resources
- 30
- 31SEC EDGARBrian Dubin, Board member
- 32SEC EDGARDoug Logigian, Board member
- 33SEC EDGARJeffrey Crivello, Board member
- 34SEC EDGARJustin Lundberg, Board member
- 35SEC EDGARDarren Richman, Board member
- 36SEC EDGARPhillip Juhan, Board member
- 37SEC EDGARMandy Lam, Board member
- 38SEC EDGARMarcus Dunlop, Board member
- 39SEC EDGARLouis Spencer Wells, Board member
- 40SEC EDGARMark Allen McEachen, Board member
- 41SEC EDGARMartin J. Annese, Board member
- 42SEC EDGARJohn H. Flood Iii., Board member
- 43
- 44
- 45SEC EDGARKevin McCall, Board member
- 46SEC EDGARBruce Bruckmann, Board member
- 47SEC EDGARJ. Rice Edmonds, Board member
- 48SEC EDGARJason M. Fish, Board member
- 49SEC EDGARKeith E. Alessi, Board member
- 50SEC EDGARPaul Arnold, Board member
- 51SEC EDGARLeam Nelson, General counsel
- 52
- 53