24 Hour Fitness Permanently Closing Four San Francisco Locations
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