Quick Answer: Did 24 Hour Fitness Get Bought Out?

Is 24hr fitness going out of business?

No, 24 Hour Fitness is not going out of business.

Our Chapter 11 filing is expected to facilitate our financial and operational restructuring so that we can reinvest in our existing clubs and offer great fitness experiences to our club members, team members and guests for many years to come..

Does Costco sell 24 Hour Fitness memberships?

Costco members can buy a two-year, all-club, 24 Hour Fitness membership package for $399.99, according to Reader’s Digest. … 24 Hour Fitness has more than 400 locations in 13 states. The membership works in much the same way as the other products Costco sells in-store: members buy in bulk to get the savings.

Who has the cheapest gym membership?

For those that want to keep up with their exercise or training, here are a few inexpensive choices for affordable gym memberships.LA Fitness. … Planet Fitness. … Life Time Fitness. … Cardinal Fitness. … 24 Hour Fitness. … Gold’s Gym. … Lucille Roberts. … The Local YMCA.

How much is Costco 24 Hour Fitness?

Costco is currently offering two excellent deals on 24 Hour Fitness memberships. Right now, members can buy a two-year All-Club Sport membership for just $429.99 or a two-year All-Club Super Sport membership for $699.99. That breaks down to around $18–$29 per month, respectively.

What company owns 24 Hour Fitness?

AEA Investors24 Hour Fitness® is owned by AEA Investors, Ontario Teachers’ Pension Plan and Fitness Capital Partners.

Did LA Fitness buy out 24 Hour Fitness?

LA Fitness announced Monday that it has bought out all the 24 Hour Fitness clubs in Arizona. … “For those former 24 Hour Fitness members with single-club access, nothing will change,” LA Fitness officials said in a news statement. “They will continue to go to the same gym they have enjoyed.

How much is 24 Hour Fitness worth?

1 in the world by revenues, 24 Hour Fitness Worldwide Inc. has signed an agreement with Forstmann Little & Co., a New York private investment firm, to acquire the company for approximately $1.6 billion — the largest-ever transaction in the health-club industry.

Does Shaq own 24 Hour Fitness?

Shaq also has investments outside of the food industry. He reportedly owns 40 24-hour fitness gyms and 150 car washes, according to The Hustle.

How much does the CEO of 24 Hour Fitness make?

24 Hour Fitness CEOS earn $70,000 annually, or $34 per hour, which is 53% lower than the national average for all CEOS at $121,000 annually and 6% higher than the national salary average for ​all working Americans.