Why is 24 Hour Fitness closing?

Why is 24 Hour Fitness closing?

24 Hour Fitness is closing 134 locations across the US and filing for Chapter 11 bankruptcy after its business has been rattled by the coronavirus pandemic. In a statement on Monday announcing its bankruptcy, the company said most of its roughly 300 remaining locations would be open by the end of the month.

Is 24 hours going out of business?

24 Hour Fitness is not going out of business, and it is currently opening its remaining clubs in phases, with the majority expected to reopen by the end of June. The company also notes that members are welcome to work out in any reopened 24 Hour Fitness location throughout 2020.

Will 24 Hour Fitness survive?

24 Hour Fitness Successfully Emerges from Financial Restructuring. On December 30, 2020, 24 Hour Fitness successfully emerged from the chapter 11 process. While we reopen clubs, all members will have access to any available 24 Hour Fitness club through March of 2021, regardless of membership level.

What company owns 24 Hour Fitness?

AEA Investors
24 Hour Fitness® is owned by AEA Investors, Ontario Teachers’ Pension Plan and Fitness Capital Partners. During his career, Roussos has driven the success of fast-growth, multi-unit companies.

Can I workout at any 24 Hour Fitness?

Any Club Workout tomorrow! Access any 24 Hour Fitness regardless of your membership type – you just need to show your membership card. Join us on Saturday for a workout to kick-off your weekend!

What 24 Hour Fitness gyms are closing?

(KGO) — 24 Hour Fitness says it will permanently close 13 of its Bay Area locations, including four gyms in San Francisco. Clubs in Alamo, Berkeley, San Jose, Fremont, Milpitas, Morgan Hill, Fairfield, Vallejo and Walnut Creek are also on the list of over 130 closures.

How can I get my refund from 24 Hour Fitness?

How to cancel 24 Hour Fitness

  1. Call customer service on 866-308-8179.
  2. Ask to speak with an agent.
  3. Verify your account information.
  4. Request immediate contract cancellation.
  5. Ask to get a refund for the unused portion of your monthly fee.

Who is the CEO of 24 Hour Fitness?

The gym chain, which has more than 300 locations around the country, says it has been hit hard by the coronavirus pandemic. “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 news release.

Where are the 24 Hour Fitness locations that are closing?

Here is the complete list by state of 24 Hour Fitness locations that will be closing, according to the company’s website. Berkeley Solano Avenue FitLite: 1775 Solano Avenue, Berkeley, CA 94707 Walnut Creek Ygnacio Center: 2033 N. Main Street, Walnut Creek, CA 94596 Bakersfield Northwest: 3633 Rosedale Highway, Bakersfield, CA 93308

How many miles does a 24 Hour Fitness membership have to be?

Selected club of enrollment must be within 50 miles of purchaser’s residence. Access depends on membership purchased: National memberships include access to all 24 Hour Fitness® clubs; Regional memberships include access to clubs within the designated region only. Taxes may apply.

Is there a free 3 day gym pass for 24 Hour Fitness?

Our gyms are open and following state and local health protocols. Please note that free 3-day guest passes may not be accepted at locations with capacity limits in effect. Please see your gym for details. The Best Gyms. For Your Best Results. Get back to the gym and back to your best with 24 Hour Fitness.

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Ruth Doyle