F45 Training Opens First Hotel Studio At Hilton Austin

• F45 Training Holdings Inc (NYSE:FXLV) plans to break ground on a new fitness studio at the downtown Hilton Austin.
• It will be the fitness franchisor's first F45 studio inside a hotel.
• Set to open in 2022 fall, the new studio will span 1,236 square feet and will follow the same high-intensity, circuit-based format.
• Given the hotel's connection to the Austin Convention Center via sky bridge, the studio can also serve guests visiting Austin for business.
• "With the goal of eventually expanding to other cities, Hilton Austin will serve as a test market for F45 as it marks the company's debut of the first F45 studio inside a hotel in the world, welcoming hotel guests and F45 members," said Chairman and CEO Adam Gilchrist.
• Price Action: FXLV shares are trading higher by 0.22% at $4.62 on the last check Wednesday.