In the Summer of 2018, the Source Health & Fitness gym in Tivoli went into liquidation with debts of more than €660,000. The gym has now been purchased at a cost of €790,000 by McHugh Property Holdings and will be managed by Séamus Crowe, owner of two Galway gyms.
It is set to re-open in April following a major refurbishment.
In an interview with the Irish Examiner, Séamus Crowe said...“Once refurbishment starts, we would hope to be up and running within 12 weeks. As for the gym, we will be taking out 98% of the equipment and replacing it. It will be unrecognisable from what it was. If you walk in as an ex-member, you will see a huge improvement. Rates won’t be a million miles away from what they were, but we won’t be a budget gym.”
Links...
https://www.irishexaminer.com/breakingnews/ireland/cork-gym-which-closed-with-debts-worth-660000-to-reopen-under-new-ownership-896112.html
https://www.irishexaminer.com/ireland/liquidator-city-gym-now-debt-free-and-more-attractive-to-buyers-472852.html
https://www.irishexaminer.com/ireland/gym-members-left-in-limbo-after-sudden-closure-472583.html
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