Club PilatesClub Pilates Signs 70-Studio Development Deal
A veteran multi-unit operator and Cohere Capital form Renew Fitness to build 70 new Club Pilates studios across three states.
A New York operator teams with Cohere Capital to form Renew Fitness, pushing one franchisee group toward 84 potential studios.

Club Pilates signed a 70-unit development agreement with entrepreneur Saber Ammori, who already operates 14 studios in the New York City area. Ammori partnered with Cohere Capital to form a new group, Renew Fitness, that will own and build the studios. The deal lifts the group's potential footprint to 84 studios and makes it one of the brand's largest franchisees.
The structure here is the story. An experienced operator paired with an institutional capital partner to fund expansion across Michigan, Maryland, and New York. That pattern is becoming standard in boutique fitness, where private capital wants proven operators and operators want balance sheets that can absorb buildout costs.
Renew Fitness plans to acquire existing studios and develop new ones, a mix that speeds up scale and lowers the risk of starting every location from zero. Buying operating units brings immediate revenue, while new development captures open territory. For Club Pilates, owned by Xponential, this approach concentrates growth in groups that can execute at volume.
Xponential Fitness CEO Mike Nuzzo framed the deal as proof of the brand's economics and staying power. The clearer signal is that franchisors now compete to attract large operators and their capital backers. Brands that make multi-unit math work will keep winning these commitments, while those that do not will watch developers reinvest elsewhere.
Club PilatesA veteran multi-unit operator and Cohere Capital form Renew Fitness to build 70 new Club Pilates studios across three states.
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