06.16.2020

24 Hour Fitness files for bankruptcy, permanently closes more than 130 clubs

24 Hour Fitness files for bankruptcy, permanently closes more than 130 clubs

San Ramon-based 24 Hour Fitness filed for Chapter 11 bankruptcy Monday and said it would permanently close more than 130 of its 400 clubs across 10 states, including 13 in the Bay Area.

All 24 Hour Fitness clubs nationwide had closed in mid-March as stay-at-home and shelter-in-place orders rippled across the country, and CEO Tony Ueber said in a statement that those shutdowns are entirely responsible for the company's resort to bankruptcy reorganization.

"If it were not for Covid-19 and its devastating effects, we would not be filing for Chapter 11," he said. "With that said, we intend to use the process to strengthen the future of 24 Hour Fitness for our team and club members, as well as our stakeholders."

The 10 Bay Area clubs to close permanently include four in San Francisco, plus single outlets in Alamo, Berkeley, Fairfield, Fremont, Milpitas, Morgan Hill, San Jose, Vallejo and Walnut Creek.

For the full story, visit BizJournals.com/SanFrancisco/News.