Revscale Media (illustration)Largest Planet Fitness Operator Faces Lender Takeover
United PF Holdings, the largest Planet Fitness operator, is negotiating a debt-for-equity swap with lenders after missing interest payments.
Hospitality developer Ian McClure signed three area development deals to bring Planet Fitness clubs to Florida's west coast.

Planet Fitness added a new franchisee with a background far from the gym floor. Ian McClure, CEO of Dallas-based Gulf Coast Hotel Management, signed three area development agreements to build clubs along Florida's west coast. The deal brings a multi-unit real estate developer with assets in 14 states into the fitness franchisor's system.
McClure has spent his career building extended-stay hotels and multifamily projects, not gyms. That background matters to Planet Fitness because site selection, construction management and asset oversight are the same skills that make a multi-unit fitness operator successful. Franchisors increasingly court developers like McClure because they can move faster on real estate and construction than first-time owners.
Planet Fitness closed the second quarter with roughly 21.5 million members and nearly 2,930 clubs, and about 90% of those locations are independently owned. Attracting an operator with capital and development experience outside the fitness industry suggests the brand's low-cost, high-volume model still reads as a safe bet even as more experienced multi-unit operators arrive from adjacent real estate sectors.
For operators watching from other systems, the takeaway is straightforward: franchisors are actively recruiting real estate and hospitality professionals who already know how to manage construction timelines and asset performance across markets. Expect more crossover deals like this one as fitness brands compete for capital-rich, execution-focused partners rather than single-unit owner-operators.
Revscale Media (illustration)United PF Holdings, the largest Planet Fitness operator, is negotiating a debt-for-equity swap with lenders after missing interest payments.
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