24 Hour Fitness Files For Bankruptcy, Closes 130 Gyms

SAN RAMON, CA — The national gym chain 24 Hour Fitness has filed for bankruptcy and is closing more than 130 locations, including 42 in California and 13 in the Bay Area.

The Santa Cruz gym at 1261 Soquel Ave. will apparently remain open.

“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 said it still operates more than 300 locations across 13 states.

24 Hour Fitness now joins Gold’s Gym as a medium-sized fitness chain that has filed for bankruptcy due to coronavirus-related losses.