24 Hour Fitness Signed Summerlin Lease Extension
The gym chain will host a grand opening for its renovated Summerlin facility on October 3.
Updated on Sept. 29, 2026 in Openings & Closings
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Summerlin residents can access the revamped 24 Hour Fitness facility when it officially reopens next month following a $1.5 million remodel. The chain secured a 12-year lease extension for the 57,963-square-foot building, which currently remains on the market for $18 million.
Why it matters
This move signals a stabilization for the brand in the Las Vegas Valley after previous site closures resulted from failed lease negotiations. The company, which filed for bankruptcy in 2020, now aims to expand its footprint in the valley with additional locations planned.
The firm invested $1.5 million in upgrades for its 57,963-square-foot facility, which is currently listed for sale at $18 million. Monthly membership dues at the club start at $25 for valley residents.
The players
24 Hour Fitness
A fitness center chain that currently operates one location in Southern Nevada.
Mark Mastrov
The executive who reacquired the gym chain in 2026 along with LongRange Capital.
LongRange Capital
The private equity firm that partnered in the 2026 acquisition of the gym chain.
The details
Work crews have finished repainting the Summerlin facility, resurfacing the basketball courts and pool area, and installing a new turf zone. The 12-year lease extension provides a long-term anchor for the site despite the owner seeking an $18 million sale. 24 Hour Fitness, reacquired by Mark Mastrov and LongRange Capital in January 2026, intends to launch a separate Las Vegas location early next year.
Timeline
June 2020: 24 Hour Fitness filed for Chapter 11 bankruptcy.
January 2026: Mark Mastrov and LongRange Capital reacquired the chain.
October 3, 2026: The renovated Summerlin location holds its grand opening.
Early 2027: A new gym location is scheduled to open in the Las Vegas Valley.
Beyond the Strip
This investment marks a departure from the 2020 24 Hour Fitness Chapter 11 bankruptcy filing by signaling a period of new physical expansion. The company now seeks to build on this Summerlin lease by adding locations throughout the Las Vegas Valley.
Members can access the updated pool, basketball courts, and new turf area starting on October 3. Those looking to join can sign up for plans starting at $25 per month.
The takeaway
Members should watch for the grand opening on October 3 to utilize the upgraded facilities in Summerlin. Investors and residents should monitor the company's progress on its planned new location, which is expected to break ground early next year.
What happens next
The renovated Summerlin gym hosts its grand opening on October 3, followed by the planned opening of a new valley location in early 2027.
Further reading
For more on new businesses entering the market, visit the Openings & Closings section.
Source note: This article includes information reported by Las Vegas Review-Journal.
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