24 Hour Fitness Files for Bankruptcy, Closes Several Gyms in South Florida


National gym chain 24 Hour Fitness filed for bankruptcy on Monday and announced that it will be closing 100 gyms across the U.S., including several in South Florida.

CNN reported that the company stated in its Chapter 11 filing that it has secured $250 million in funding to help reopen some of its clubs, although 100 gyms in 14 states would be shuttered.

That leaves the company with about 300 clubs.

Below is a list of the 24 Hour Fitness locations that will be closed in South Florida:

Town & Country Sport
8400 Mills Drive, Miami.

Coconut Grove
2982 Grand Ave., Miami.

Miami Cutler Ridge Sport
20851 Dixie Drive Highway, Miami

Pembroke Pines Sport
8333 Pines Blvd., Pembroke Pines

Boynton Beach Super Sport
1775 N. Congress Ave., Boynton Beach

Clubs in Orlando and Greenacres will also be closed. All remaining clubs should be reopened by the end of the month.

"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 to CNN. "We expect to have substantial financing with a path to restructuring our balance sheet and operations to ensure a resilient future."

Ueber said the restructuring will also help the company reinvest in their existing clubs and assist them in “introducing several new innovative products and services."

24 Hour Fitness opened in 1985 and is a privately held company.

*This article was originally published on local10.com by Amanda Batchelor and can be found here.

STAY FIT 305 is a local fitness news site dedicated to all things health and wellness in South Florida - where to train, who to train with, tips from the pros, healthy places to eat, events happening around town, and more.

Similar Posts

Similar posts