24 Hour Fitness closing many WA gyms in bankruptcy; Tacoma site to reopen this summer
A gym brand familiar in Washington state is closing nine of its area gyms as part of a bankruptcy filing announced Monday.
In a statement, 24 Hour Fitness blamed the COVID-19 pandemic’s effects on business.
Along with the filing, the company expects to secure about $250 million in debtor-in-possession financing.
“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. “With that said, we intend to use the process to strengthen the future of 24 Hour Fitness for our team and club members, as well as our stakeholders.
“We expect to have substantial financing with a path to restructuring our balance sheet and operations to ensure a resilient future.”
According to the announcement, “During the time of phased club reopenings, all club members will have access to any available 24 Hour Fitness club through the end of 2020, regardless of membership level.”
The following gyms are among the closures listed on 24 Hour Fitness’ website:
▪ Capital Mall site, Olympia
▪ 915 Auburn Way N., Auburn
▪ Bollinger Village, Seattle
▪ Everett 19th Avenue SuperSport, Everett
▪ Kent Kangley Super Sport, Kent
▪ 5919 Lakewood Towne Center Blvd., Suite K, Lakewood
▪ Puyallup SuperSport, 307 37th Ave., Puyallup
▪ Renton Highlands Active, Renton
▪ 2913 NE 72nd Dr., Vancouver, Washington.
The chain’s Tacoma SuperSport gym, 111 S. 38th St., which opened in September 2017 in the former Albertsons/Haggen grocery space, reopens July 7, according to the website. At the time it opened, it was the chain’s 20th Washington site.
The Puyallup location included on Monday’s closure list was the company’s 21st Washington site, and opened just last year.
The closures affect more than 100 sites nationwide.
This story was originally published June 15, 2020 at 12:21 PM with the headline "24 Hour Fitness closing many WA gyms in bankruptcy; Tacoma site to reopen this summer."
