Club H Fitness becomes Crunch Gym
As we told you back in May of this year, Club H Fitness was going through Chapter 11 Bankruptcy issues. Well, that seems to have come to fruition. Now – Crunch Gym is evidently going to be the “new” operator of this fitness spot.
Below is the letter sent out to members yesterday.
Farewell, Club H – and best wishes – and good luck to Crunch!
Club H Fitness files for bankruptcy in Hoboken, NJ
Chapter 11 for Club H Fitness – what’s in store for future?
Hoboken411 reader Adam clued us into this, and wanted current and future members as well as the general public to know about it, “so they can make an educated decision about joining this facility. I am a previous member who left due to severe maintenance issues and general poor housekeeping,” he said.
The document that Club H Fitness filed lists business assets at between $1 and $10 million dollars, and outstanding debt obligations at between $1 and $10 million dollars as well. You can see the list of over 175 businesses and individuals they owe money to here.
According to other documents reviewed by Hoboken411 – it also appears that Club H is trying to get back over $125,000 in rent they paid their landlord. At least that is how I understood the court papers. Apparently bankruptcy law allows this? But the landlords (“Block A South Waterfront Development, LLC”) are trying to prevent it.
In case you were wondering – Club H’s rent was a staggering $36,000 per month in this building. That fee comprised of $18,645 for base rent, $450 for storage, $3,548 for operating expenses, $2,528 for real estate taxes, $2,375 for electricity, $1,063 for water condenser charges, and $8,000 per month for parking. Crazy, right? Now you wonder why all most gyms have those ridiculous “sign up” fees.
The latest documents indicate a hearing will take place on June 3, 2013 at 10am down at the United States Bankruptcy Court in Newark, New Jersey.
Will they rebound afterward? Or is this curtains for Club H?
Club H Fitness – 110 Sinatra Drive – Hoboken, NJ
Description:Health Club, Gym Fitness center offering cardio, strength training, group fitness, Yoga, Pilates, spinning, personal training, nutrition counseling, basketball, day spa, boxing, steam, sauna, café, proshop, childcare, and parking.
Address: 110 Sinatra Drive, Hoboken, NJ 07030
Telephone: (201) 656-9989