SAN FRANCISCO, CA — The national gym chain 24 Hour Fitness has filed for bankruptcy and is permanently closing more than 100 locations, including four in San Francisco. The locations planning to remain closed:
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Alemany Sport, 3951 Alemany Blvd., San Francisco, CA 94132
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Market Street, 2145 Market St., San Francisco, CA 94114
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Noe Valley FitLite, 3800 24th St., San Francisco, CA 94114
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North Point, 350 Bay St., San Francisco, CA 94133
“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.
24 Hour Fitness has nearby clubs that are expected to remain open:
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Sport, 1200 Van Ness Ave., San Francisco, CA
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Sport, 1645 Bryant St., San Francisco, CA
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Sport, 45 Montgomery St., San Francisco, CA
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Sport, 100 California St., Suite 200, San Francisco, CA 94111
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Sport, 1850 Ocean Avenue, San Francisco, CA 94112
24 Hour Fitness now joins Gold’s Gym as a medium-sized fitness chain that has filed for bankruptcy due to coronavirus-related losses.
This article originally appeared on the San Francisco Patch