A subsidiary of Millennium Partners announced that it has signed a binding asset purchase agreement with The Sports Club Company, Inc. for seven of the company's luxury sports clubs (six of which are company owned and the seventh, the Miami club, is managed) for $65 million.
The properties are located in New York (Upper East Side, Upper West Side and Rockefeller Center), Boston, San Francisco, Miami and Washington D.C. The Sports Club Company has thirty days to elect to retain ...