24 Hour Fitness Closes Gyms and Files for Bankruptcy

Just as California announced gyms and fitness centers can reopen, 24 Hour Fitness is permanently closing gyms and has filed for bankruptcy protection. The company announced a financial restructuring through a Chapter 11 filing due to the COVID-19 pandemic that left all of their fitness centers closed since March.

130 Gyms are on the closure list which include 2 in the Inland Empire. Montclair Active and Moreno Valley Fit Lite will be permanently closed. The company has secured $250 million in funding to help pay off a portion of debt.