Wayzata Poland Z.O.O, a subsidiary of Wayzata Capital, has signed an Area Development Agreement (ADA) to operate Anytime Fitness clubs in Poland.

MG Kaminski, a native of Poland, and Robert Lada currently operate Wayzata Capital, a US-based asset management firm that deals in Eastern European securities. "We've spent our lives helping clients achieve excellent long-term rates of return through smart investments, so we know what works. We see great potential for Anytime Fitness' 24-hour business model to thrive in Poland," says Kaminski.

Wayzata Poland plans to open three clubs in the next two years, with a long-term aim of opening 10 clubs in Warsaw before moving into other Polish cities. The first club is scheduled to open in Warsaw by November, with monthly membership fees of around US$30-40 (£19-£25).

Wayzata Poland holds the right to expand the ADA into a master franchise agreement at a later date. This includes the option of selling sub-franchises, as well as owning/operating its own clubs.