24 Hour Fitness Permanently Closing One Fremont Location
FREMONT, CA — The national gym chain 24 Hour Fitness has filed for bankruptcy and is closing more than 100 locations, including one in Fremont.
24 Hour Fitness is permanently shuttering Fremont Sport at 35630 Fremont Blvd.
“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 these nearby locations that are expected to remain open:
39300 Paseo Padre Pkwy, Fremont, CA 94538
4500 Auto Mall Parkway, Fremont, CA 94538
2086 Newpark Mall Road, Newark, CA 94560
If you live in South Fremont, the 24 Hour Fitness in Milpitas is also closing.
24 Hour Fitness now joins Gold’s Gym as a medium-sized fitness chain that has filed for bankruptcy due to coronavirus-related losses.
— Patch editors Gus Saltonstall and Bea Karnes contributed to this story
This article originally appeared on the Fremont Patch
