Bankruptcy Law News

24 Hour Fitness’ Landlord in Houston Wants Lease Rejected

July 29, 2020, 6:14 PM

One of bankrupt 24 Hour Fitness’ landlords is vying to get out of a lease at a Houston-area shopping center so that it can rent the space to a “Texans Fit” gym brand tied to the NFL’s Houston Texans.

BRE Retail Residual Owner 1 LLC said Wednesday at a virtual bankruptcy court hearing that 24 Hour Fitness Worldwide Inc. hasn’t paid anything at all so far on the lease.

The fitness chain should be forced to reject the lease, BRE told the U.S. Bankruptcy Court for the District of Delaware. If not, BRE should be allowed out from the automatic...

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