US Fitness, the parent company of OneLife Fitness and Sport & Health, sold a majority stake to two investment firms this past summer. Currently the company has nearly 50 gyms (3 different brands) and the investment has been rumored to include over $50 million for expansion.
I was told that nothing has been signed, but that negotiations are ongoing with an unconfirmed location in Olney. I was also told that Giant is in negotiations with a gym and that they are not currently accepting new offers at this time.
While there is no confirmation from either end, it seems like the writing is on the wall.