24 Hour Fitness Closes Last Location in Colorado Springs, Ending 25-Year Presence
24 Hour Fitness is closing its last gym in Colorado Springs early next year, ending its presence in the city after over 25 years. The gym at Broadmoor Towne Center, located at 1892 Southgate Road, will shut down on February 28. The company has not provided details about the closure.
Members are being informed they will receive prorated refunds for unused annual memberships. They also have the option to transfer their memberships to a location in Castle Rock. The Broadmoor Towne Center site has been operating since 2000.
The chain previously closed a gym at 3650 Austin Bluffs Parkway in May 2023. The closure followed the company’s Chapter 11 bankruptcy filing in June 2020, during which it shut down over 130 gyms across the country, including one in Colorado Springs.
How will the closure of 24 Hour Fitness impact other gyms in the Colorado Springs area?
Interview with Manny San Fernando, Commercial Broker: The Closure of 24 Hour Fitness in Colorado Springs
News Directory 3: Thank you for joining us, Manny. Can you tell us more about the recent announcement regarding the closure of the 24 Hour Fitness gym in Colorado Springs?
Manny San Fernando: Thank you for having me. Yes, it’s unfortunate. After over 25 years in the community, 24 Hour Fitness will be closing its gym at Broadmoor Towne Center on February 28. This marks the end of their presence in Colorado Springs. They’ve been an important part of the fitness landscape here.
News Directory 3: What led to this decision, in your opinion?
Manny San Fernando: It appears that this closure is part of a broader trend following their Chapter 11 bankruptcy filing in June 2020. Since then, the company has had to make some tough decisions, including shutting down multiple locations across the country. I believe they informed the shopping center management about six months ago that they wouldn’t be renewing their lease, which speaks to the challenges they’ve faced.
News Directory 3: How are current members being affected by this closure?
Manny San Fernando: Members have been notified that they will receive prorated refunds for any unused annual memberships, which is a relief for many. Additionally, they have the option to transfer their memberships to a location in Castle Rock. This provides some continuity for those who want to maintain their fitness routines.
News Directory 3: What does this mean for the fitness market in Colorado Springs?
Manny San Fernando: The closure does create a vacuum in the fitness market. However, it also opens up opportunities for other gyms to expand or new businesses to enter. The local community still values fitness, and I believe we will see new offerings that cater to that demand.
News Directory 3: What has been the community’s reaction to this news?
Manny San Fernando: Reactions have been mixed. Many members are understandably disappointed, especially those who have been loyal to the gym for years. On the other hand, there’s a recognition that the fitness industry is evolving and adapting to new trends. There might be a sense of hope that new alternatives will arise.
News Directory 3: With this closure, what do you foresee for the future of fitness in Colorado Springs?
Manny San Fernando: I think we’ll see a shift towards more boutique fitness options and innovative wellness programs that focus on community building. While the departure of 24 Hour Fitness is significant, it creates an opening for businesses that can adapt to changing consumer preferences. The future looks promising as long as entrepreneurs are willing to take the plunge.
News Directory 3: Thank you, Manny, for your insights on this important development in our community.
Manny San Fernando: Thank you for having me. It’s important to keep the conversation going about our community’s health and fitness infrastructure.
Manny San Fernando, a commercial broker, noted that 24 Hour Fitness informed the shopping center management about six months ago regarding its decision not to renew its lease. He