Business & Tech
24 Hour Fitness Centers In Murrieta, Temecula Permanently Close
24 Hour Fitness is filing for bankruptcy due to the "devastating effects" of the coronavirus.
SOUTHWEST RIVERSIDE COUNTY, CA — The national gym chain 24 Hour Fitness has filed for bankruptcy and is closing more than 100 locations, including locations in Murrieta and Temecula.
“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 now joins Gold’s Gym as a medium-sized fitness chain that has filed for bankruptcy due to coronavirus-related losses.
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