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TheStreet Open House

Town Sports International Holdings, Inc. Names Todd Shugarman Vice President, Real Estate

NEW YORK, Oct. 10, 2011 /PRNewswire/ -- Town Sports International Holdings, Inc. (TSI) (NASDAQ: CLUB), a leading owner and operator of fitness clubs in the Northeast and mid-Atlantic regions of the United States, announced today that Todd Shugarman has been named the new vice president of real estate.

Shugarman brings more than 20 years of comprehensive real estate development, strategic site selection, and design and construction experience to the position. His resume includes growing companies such as Blue Tulip and Balducci's, in addition to larger retailers like Tricon and Starbucks.  Shugarman most recently served as the senior vice president of the Virginia-based company Sunrise Senior Living, operators of 316 senior living communities located in the United States, Canada and the United Kingdom.

"The addition of Todd provides hands-on leadership to the team at a time when our new club development is gaining momentum," said Bob Giardina, CEO of TSI. "Todd's proven ability to manage the entire real estate process—from managing the current portfolio to the development of new clubs —will give Town Sports International a significant competitive edge in our existing markets."

"I am excited to join the Town Sports International team during this time of company growth," said Shugarman. "I'm confident that my years of experience in high-growth, multi-unit environments will help advance the company's long-term vision."  

Shugarman holds a bachelor's from American University's Kogod School of Business.  He currently resides in the Washington D.C. area with his wife and children.

Town Sports International Holdings, Inc.

New York-based Town Sports International Holdings, Inc. (NASDAQ: CLUB) is a leading owner and operator of fitness clubs in the Northeast and mid-Atlantic regions of the United States and, through its subsidiaries, operated 158 fitness clubs as of June 30, 2011, comprising 106 New York Sports Clubs, 25 Boston Sports Clubs, 18 Washington Sports Clubs (two of which are partly-owned), six Philadelphia Sports Clubs, and three clubs located in Switzerland. For more information on TSI, visit http://www.mysportsclubs.com.

SOURCE Town Sports International Holdings, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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