Santiago, Chile – Nicholas Davis, owner of the Chilean financial group Euroamérica, has solidified his control over Youtopia Holding, the company managing the Vitacura and Los Trapenses gyms, a move completed in early 2026. Davis now holds over 50% of the shares in the fitness chain, which currently serves approximately 4,700 members.
Youtopia originated in 2011 with the opening of the Los Trapenses facility, a 4,500-square-meter indoor gym. A decade later, in 2021, the company acquired the former Balthus gym in Vitacura, a 6,100-square-meter indoor space with an additional 40,000 square meters of land. The Vitacura location reopened in 2023 after extensive renovations.
Prior to Davis’s acquisition, Youtopia’s ownership was distributed among the Jalaff, Khamis, and Abumohor families, as well as a group of managing partners operating through the firm Meridiana. In 2024, Davis began acquiring stakes in the company, initially taking a 40% share in Meridiana before increasing his holding to 75%, leaving only Juan Cristóbal Calderón and the widow of Eliseo Gracia, who died in a helicopter accident last year, as remaining partners in that investment vehicle. He then acquired the 31.5% stake held by the Jalaff family and associated investors – the Piriz, Cahe, and Menichetti families – through his investment firm, Inversiones Liucura, and a company formerly known as Inversiones Santa Teresita, now rebranded as Peumo.
As of mid-2025, Davis controls approximately 56% of Youtopia Holding, granting him the right to appoint three of the five directors. However, he has opted to share corporate governance with existing shareholders, including the Abumohor family (31.5%) and the Khamis family (12.4%), to retain their accumulated expertise.
The board of directors has been reshuffled following the change in ownership. Javier Khamis and Martín Abumohor Carniglia remain as directors, joined by Christian Abumohor, son of Roberto Abumohor. Davis himself has also joined the board, along with Rodrigo Oyarzo, the commercial manager of BTG Pactual Chile, a long-time associate of Davis. Juan Cristóbal Calderón continues as CEO, a position he has held since 2021, having previously served as commercial manager for Plaza Mall in Colombia.
Youtopia’s two locations are currently operating at full capacity. Memberships at the Vitacura location range from 3.13 UF (Chilean Unidad de Fomento) per month for limited access to 6.06 UF for unlimited access. Los Trapenses memberships range from 2.75 UF to 5.26 UF. The company reported revenues exceeding $14 million in 2025 and anticipates reaching $16 million this year, driven by full membership capacity and a reduced churn rate of less than 2%. New members are currently required to apply with a sponsor.
Beyond membership fees, Youtopia generates 30% of its revenue from ancillary services, including personal training, massage therapy, nutritional counseling, physiotherapy, sponsorships with brands like On, Technogym, Porsche, and Viña Vik, and on-site restaurants. The company has also launched Younique, a preventative medicine center, in partnership with two physicians. Youtopia has also entered into a partnership with Los Cóndores, the Chilean national rugby team, providing full access to its facilities for up to 50 players for two years in preparation for the 2027 World Cup.
Looking ahead, Youtopia’s shareholders are considering the possibility of opening a third location, though no immediate plans have been finalized. According to Calderón, the immediate focus is on strengthening the existing business, consolidating operations, and upgrading technology, with location scouting expected to begin next year. A potential location in the Las Condes district, specifically near San Carlos de Apoquindo, Estoril, or San Damián, is being considered.
