Manhattan-based health club chain Equinox purchased BuffSpa from Bergdorf Goodman. The celebrity-studded spa will temporarily open next week at Equinox's 63rd Street and Lexington Avenue location. A new flagship spa at that location will open next spring, along with another one in West Hollywood.
BuffSpa will also be integrated into Equinox's new 45,000-square-foot Manhattan club to open at 74th St. and 2nd Ave. set to open in 2008. Opened six years ago, the spa currently generates about $1 million a year in revenue from its single location at Bergdorf Goodman.
A line of Buff products is also in development, said Harvey Spevak, the CEO of Equinox. 'Our customers have similar demographic and psychographic profiles - and both foster fiercely loyal clientele who are passionate about their brands.'
Equinox began as a single club on the Upper West Side 15 years ago. It now has 38 locations, more to come next year, and estimated revenue has grown from $63 million in 2000 to more than $250 million last year. BuffSpa is Equinox's first acquisition since The Related Companies, New York-based national real estate developers, bought the health club chain from North Castle Partners for $505 million last year.
BuffSpa will also be integrated into Equinox's new 45,000-square-foot Manhattan club to open at 74th St. and 2nd Ave. set to open in 2008. Opened six years ago, the spa currently generates about $1 million a year in revenue from its single location at Bergdorf Goodman.
A line of Buff products is also in development, said Harvey Spevak, the CEO of Equinox. 'Our customers have similar demographic and psychographic profiles - and both foster fiercely loyal clientele who are passionate about their brands.'
Equinox began as a single club on the Upper West Side 15 years ago. It now has 38 locations, more to come next year, and estimated revenue has grown from $63 million in 2000 to more than $250 million last year. BuffSpa is Equinox's first acquisition since The Related Companies, New York-based national real estate developers, bought the health club chain from North Castle Partners for $505 million last year.