Business & Tech
24 Hour Fitness Permanently Closing 4 East Bay Locations
24 Hour Fitness is filing for bankruptcy due to the "devastating effects" of the coronavirus.
EAST BAY — The national gym chain 24 Hour Fitness has filed for bankruptcy and is closing more than 100 locations, including 4 in the East Bay, 13 across the Bay Area, and 42 around the state of California.
“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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These are the East Bay 24 Hour Fitness locations that will not reopen:
- Alamo Express, 140A Alamo Plaza, Alamo, CA 94507
- Berkeley Solano Avenue FitLite, 1775 Solano Ave., Berkeley, CA 94707
- Fremont Sport, 35630 Fremont Blvd., Fremont, CA 94536
- Walnut Creek Ygnacio Center, 2033 N. Main St., Walnut Creek, CA 94596
Even if your gym remains open, it may get more crowded as members from nearby shuttered locations switch to your home gym.
Find out what's happening in Newarkfor free with the latest updates from Patch.
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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