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TMCNet:  24 Hour Fitness Investments Total More than $65 Million in Southern California Real Estate

[December 03, 2012]

24 Hour Fitness Investments Total More than $65 Million in Southern California Real Estate

SAN RAMON, Calif. --(Business Wire)--

24 Hour Fitness announced plans today to invest more than $11 million in seven clubs throughout Los Angeles County, bringing the total investment in the region since 2010 to more than $65 million. This includes plans to expand the Fallbrook Active club in West Hills in 2013, as well as plans to complete the company's regional club updates and renovations currently in progress in Beverly Hills, Mid-Wilshire, Glendale and Sherman Oaks. By the end of this year, renovation work is also set to begin in Hermosa Beach and Torrance.

"The investments we are making throughout Southern California will provide our thousands of members with the latest equipment and amenities that 24 Hour Fitness has to offer, to better support their fitness goals," said Carl Liebert, president and chief executive officer, 24 Hour Fitness. "We opened our first club in Southern California more than 30 years ago, and we will continue to expand and enhance our clubs with reinvestments like these to create the best fitness environment possible for our members."

Each of the renovated clubs will feature the latest in amenities and equipment that 24 Hour Fitness has to offer, including:

  • Wide variety of cardio and strength training equipment
  • Added or larger functional training areas
  • TRX® Suspension Training
  • Group X® classes
  • Personal Training service
  • And much more

During the past two years, 24 Hour Fitness has opened, updated and relocated 18 Los Aneles County clubs, in addition to a number of other locations across the U.S. Earlier this year, the fitness club chain updated various clubs throughout the area, including its locations in downtown Los Angeles, Long Beach, Sherman Oaks, Carson, Compton, Hawthorne, Altadena, La Cienega and Santa Fe Springs, and relocated its club in Lakewood. In 2011, 24 Hour Fitness opened its Burbank and North Hollywood Super-Sport clubs and remodeled its locations in West Hollywood and Santa Monica. In 2010, two new clubs were opened in Northridge and Monterey Park, and two clubs were renovated in Hollywood and Pasadena.

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Today's news follows the company's recent announcement to open and expand three San Francisco Bay Area clubs within the next six months. These announcements mark the most substantial investments 24 Hour Fitness has made in both markets in recent years.

To find 24 Hour Fitness clubs in the Los Angeles area and nationwide,visit 24hourfitness.com. To try 24 Hour Fitness, download a free pass.

About 24 Hour Fitness

Headquartered in San Ramon, Calif., 24 Hour Fitness is a leading health club industry pioneer, serving nearly four million members in more than 400 clubs across the U.S. Since the first club opened in 1979, the company has been dedicated to helping members change their lives and reach their individual fitness goals. With convenient club locations, personal training services, innovative group exercise classes and a variety of strength, cardio and functional training equipment - 24 Hour Fitness offers fitness solutions for everyone.

Through its support of the United States Olympic Committee and many U.S. National Governing Bodies (NGBs) of sport, 24 Hour Fitness is one of the largest supporters of amateur athletics in the country and serves as the Official Fitness Center Sponsor of the U.S. Olympic and Paralympic Teams. The company is committed to being a good neighbor in its communities via charitable and in-kind donations to groups focused on both helping Americans get healthy and improving youth fitness. The company's national accreditation from the Better Business Bureau, which includes A+ ratings for all club locations across the U.S., demonstrates the organization's ongoing commitment to member satisfaction. Please call 1-800-224-0240 or visit 24hourfitness.com for more information and to find the club nearest you.


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