To our valued members,
It is with heavy hearts we confirm that Bankers Hall Club will be closing permanently and will not reopen when restrictions on gyms are lifted.
The impact of the restrictions on the fitness industry over the past year have been devastating to try to navigate, especially in downtown Calgary as many people have been working from home since March 2020.
Although our doors will be closed, we are incredibly grateful that we can relocate some of our team to GYMVMT Calgary Place just three blocks away, where they will be able to continue supporting you on your fitness journey. GYMVMT, HER GYMVMT and Bankers Hall Club are all operated by International Fitness Holdings.
Thank you for your membership over the years, and for helping build our community at Bankers Hall Club. For over 30 years, we have been proud to be the gym of choice for those living and working in downtown Calgary. For many, the club was not only a place to work out — it was a place to connect with colleagues and friends outside of the office, a place to spend a productive lunch hour and a place to unwind after a long workday. Although our space will change, our community will continue at GYMVMT. We hope to see you there once gyms reopen soon.
Below are all the details about your membership to help you in this transition.
YOUR MEMBERSHIP DUES
- Your in-club membership dues will automatically resume on June 18.
- Your membership dues have been automatically moved to a GYMVMT Executive membership with reduced bi-weekly dues, which provides you with multi-club access to any club in Calgary or Edmonton so that there is no interruption to your fitness experience.
- Pro-rated billing at this bi-weekly rate will automatically resume on June 18.
- To make any changes to your membership, please fill out the form at the bottom of this page and a member of our team will reach out to you to apply your changes.
- Any items that have not been picked up by June 4 have been temporarily moved to GYMVMT Calgary Place for you to pick up during operating hours.
- We will provide more information on Personal Training sessions once GYMVMT clubs reopen.
- If you love our group fitness classes, you can continue them from any GYMVMT or HER GYMVMT location in Calgary or Edmonton once classes resume. We’ll be working hard to relocate your favourite instructors to other clubs, mostly at GYMVMT Calgary Place.
- If you haven’t already, download the GYMVMT app and get ready to book once classes have resumed.
- We hope you’ll continue working out with us at GYMVMT Calgary Place or any of their other 13 locations in Calgary and Edmonton, but if you do choose to cancel, you can do so by filling out the form below.
CONTACT US
To inquire about your membership or request a change to your new GYMVMT membership, please fill out the form below and a member of our team will reach out to handle your request.
Please note that we are currently short-staffed due to gym closures and inquiries are being addressed in the order they were received. We appreciate your patience as we work hard to respond to your inquiries.
Q&A
- On Friday, April 23, 2021, International Fitness Holdings Inc. (IFH) and affiliated entities signed an asset purchase agreement with a potential buyer and filed a Notice of Intention to File a Proposal pursuant to the Bankruptcy and Insolvency Act.
- By filing a Notice of Intention, we were allowed time to restructure the business and complete a transaction with a buyer under court protection, so we can keep serving Albertans under a new entity.
- As part of the filing process and the sale, we had to assess the full IFH club footprint to return to a financially viable business model.
- We are closing Bankers Hall Club because we were not able to come to a mutual agreement with the landlord of the building that would allow us to reach a financially viable state as downtown Calgary recovers from the pandemic.
- Our new shareholder group will assume all existing membership agreements, which means that the terms of your membership agreement will stay in place under the terms originally agreed upon.
- Your membership agreement remains valid with GYMVMT as there is another International Fitness Holdings (IFH) location within 10 miles of the club, in accordance with most membership agreements.
- GYMVMT and Bankers Hall Club are currently operated by International Fitness Holdings.
- Once gyms reopen, your membership dues will be automatically moved to a GYMVMT Executive membership with reduced bi-weekly dues, which provides multi-club access to any club in Calgary or Edmonton so that there is no interruption to your fitness experience.
- A GYMVMT Executive membership includes:
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- Access to all 12 GYMVMT (co-ed) and HER GYMVMT locations, including executive-level clubs at Calgary Place.
- Unlimited group fitness
- Towel Service
- One boost every 28 days for a 45-minute Team Training session to keep your fitness goals on track (expires each month and does not roll over)
- We will provide more information on Personal Training sessions once GYMVMT clubs reopen.
- If you paid for your membership in full and GYMVMT Executive membership dues make sense for you, contact us to extend your expiry date by filling out the form below.
- If you would like to make adjustments to your GYMVMT membership, please let us know your requested changes (for example, upgrading to include Squash and/or Tennis at GYMVMT Edgemont) and we will extend your expiry accordingly after applying your changes.
- GYMVMT Calgary Place is the closest location to Bankers Hall Club, which is only 450 metres (3 blocks) away in the heart of downtown Calgary and is accessible by the Plus 15 system.
- GYMVMT has eight locations in Calgary — 5 co-ed clubs, 2 women’s only clubs and 1 dual concept club with completely separate co-ed and women’s only workout spaces.
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- Downtown: Calgary Place (co-ed)
- North: North Hill (co-ed), Beacon Heights (women’s only), TransCanada Centre (dual concept co-ed and women’s only)
- South: Macleod (co-ed), Canyon Meadows (women’s only), Westbrook Mall (women’s only)
- Downtown: Calgary Place (co-ed)
- For a full list of GYMVMT locations, please visit GYMVMT.com/clubs.
- GYMVMT will be reopening their doors at 9:00 a.m. on Friday, June 18!
- Although it makes the wait a bit longer, this date allows them to make sure they are fully operational after the sale of International Fitness Holdings, which will be officially completed that same day. That includes bringing Albertans back to work under the new entity, making sure the clubs are spick and span, and ensuring their teams are ready to welcome you back.
- Billing will be automatically on the day they reopen, and will be pro-rated to June 18.
- Yes of course, your GYMVMT Executive Membership gives you access to all GYMVMT and HER GYMVMT (women’s only) locations in Calgary and Edmonton.
- For a full list of GYMVMT locations, please visit GYMVMT.com/clubs.
- Any items that are not picked up by June 4 have been temporarily moved to GYMVMT Calgary Place for you to pick up during operating hours.
- We hope you’ll continue working out with us at GYMVMT Calgary Place or any of their other 12 locations in Calgary and Edmonton, but if you do choose to cancel, you can do so with 30-days notice.
- You can request a cancellation, or any other change to your membership, by filling out this form.
- We will retain as many employees as possible and relocate many of our team members to GYMVMT Calgary Place or other locations. However, with less locations in our future, our workforce does need to be adjusted accordingly.
- After restructuring and under new ownership, the company will be able to continue employing many Albertans at GYMVMT locations.