Business & Tech
24 Hour Fitness Permanently Closing In Berkeley
24 Hour Fitness is filing for bankruptcy due to the "devastating effects" of the coronavirus.
BERKELEY, CA — The national gym chain 24 Hour Fitness has filed for bankruptcy and is closing more than 100 locations, including in Berkeley.
“If it were not for COVID-19 and its devastating effects, we would not be filing for Chapter 11,” CEO Tony Ueber said in a statement. “We expect to have substantial financing with a path to restructuring our balance sheet and operations to ensure a resilient future.”
Despite the forced closures, 24 Hour Fitness said Monday in its Chapter 11 filings that it has secured $250 million in funding to support the reopening of its other locations by the end of June. Those locations had been closed for months because of coronavirus-related shutdowns.
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24 Hour Fitness has nearby locations that are expected to remain open.
- Super-Sport, 10636 San Pablo Avenue, El Cerrito, CA 94530-2620
- Active, 2050 Webster Street, Oakland, CA 94612
- Super-Sport, 351 Rheem Blvd., Moraga, CA 94556
24 Hour Fitness now joins Gold’s Gym as a medium-sized fitness chain that has filed for bankruptcy due to coronavirus-related losses.
Find out what's happening in Berkeleyfor free with the latest updates from Patch.
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