Bankrupt 24 Hour Fitness to close Broomfield, Fort Collins, Greeley locations
24 Hour Fitness will close 13 Colorado locations as part of its Chapter 11 bankruptcy, including locations in Broomfield, Fort Collins and Greeley.
The San Ramon, California-based fitness chain filed for bankruptcy protection in U.S. Bankruptcy Court for the District of Delaware Monday, blaming extended shutdowns due to the COVID-19 pandemic.
“If it were not for COVID-19 and its devastating effects, we would not be filing for Chapter 11,” 24 Hour Fitness CEO Tony Ueber said in a press release. “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.”
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The company said it has secured $250 million in debtor-in-possession financing.
The chain will close 134 locations nationwide. Colorado closures include:
- 4650 W. 120th Ave., Broomfield.
- 460 S. College Ave., Fort Collins.
- 3001 S. 23rd Ave., Greeley.
- 4100 S. Parker Road, Aurora.
- 1450 S. Abilene St., Aurora.
- 6839 S. Vine St., Centennial.
- 7720 N. Academy Blvd., Colorado Springs.
- 2770 S. Colorado Blvd., Denver.
- 3435 S. Inca St., Englewood.
- 11798 Oswego St., Englewood.
- 333 Dad Clark Drive, Highlands Ranch.
- 360 S. Teller St., Lakewood.
- 2650 W. Belleview Ave., Suite 100, Littleton
