Business & Tech

24 Hour Fitness Closing Santa Monica Location

24 Hour Fitness is filing for bankruptcy due to the "devastating effects" of the coronavirus.

SANTA MONICA, CA — The national gym chain 24 Hour Fitness has filed for bankruptcy and is closing more than 100 locations, including in Santa Monica.

24 Hour Fitness is permanently shuttering the Promenade Super Sport location, 1417 Second Street, Santa Monica.

“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.”

Find out what's happening in Santa Monicafor free with the latest updates from Patch.

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 other nearby locations in Los Angeles County that are expected to remain open.

Find out what's happening in Santa Monicafor free with the latest updates from Patch.

  • 5045 W. Slauson Ave., Los Angeles
  • 1601 Pacific Coast Highway Suite 100, Hermosa Beach
  • 2831 West 120th St., Hawthorne
  • 4240 Redondo Beach Blvd., Torrance
  • 21501 Hawthorne Blvd., Torrance
  • 8612 Santa Monica Blvd., West Hollywood
  • 1500 Rosecrans Ave., Manhattan Beach

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

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