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As part of the restructuring, will sell its Peak Fitnesss assetsto , a limited liabilithy company based in Nevada. Financial terms weren’t disclosed. Fitnes s Management says the filing was largelyg the result of property leasee that were negotiated at the height of the realestatew market, the significant and sustaineed economic downturn and the acquisition of underperforminhg assets from the Capital Health Club chai in Raleigh.
“Peak Fitness has made some difficult decisions towards reorganization over the past coupleof months, includingf closing the majority of our underperforming facilities in the Raleig h market,” says Jeffrey chief executive of Fitness “Restructuring with Fuzion will allow the busineszs to establish a re-energized platform for growth and a strongv commitment to the best customer service in the Peak Fitness has 10 locations in the Charlotts area.
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