Hall of Fame Resort & Entertainment Company Announces Long-Term Lease Agreement with Visit Canton
09 Giugno 2022 - 11:46PM
Business Wire
The Stark County Convention & Visitors'
Bureau will occupy 1,450 square feet within the Fan Engagement
Zone
Hall of Fame Resort & Entertainment Company (“HOFV” or the
“Company”) (NASDAQ: HOFV, HOFVW), the only resort, entertainment
and media company centered around the power of professional
football, today announced that Visit Canton, Stark County Ohio’s
Convention & Visitors' Bureau, is coming to the Fan Engagement
Zone located within the Hall of Fame Village powered by Johnson
Controls. Visit Canton, which signed a long-term lease agreement,
will open a 1,450-square-foot space this summer.
“Tourism contributes immensely to the growth and success of
businesses in Stark County, and we are thrilled that Visit Canton
will be joining us at the Hall of Fame Village,” said Anne
Graffice, Executive Vice President of Public Affairs for HOFV.
“Both of our organizations share the common goal of driving people
to visit Hall of Fame Village, so it only made sense for Visit
Canton to take space at one of the top tourist destinations in our
area. Having Visit Canton be part of the Fan Engagement Zone over
the long term will benefit our own community and shareholders, as
we will work in tandem to promote Stark County’s appeal and
organize events that draw people from all over the country to
generate added revenue for the many businesses in the market.”
For over 40 years, Visit Canton has been promoting travel to
Stark County and facilitating operations that support the travel
and tourism industry in the area. As a result of its efforts, in
2019 alone, travel and tourism in Stark County produced $1.2
billion in direct sales for local businesses, supported over 13,000
jobs and generated $322.5 million in salary and wage income. The
organization is funded by a lodging tax administered through the
Stark County Commissioners.
Allyson Bussey, President & CEO, Visit Canton, stated,
“Visit Canton is proud to be partnering with the Hall of Fame
Village in a long-term lease for a new state-of-the-art visitor
center in the Fan Engagement Zone. As the county’s convention &
visitors’ bureau, our mission is to attract visitors to the region
and educate them on the many other extraordinary destinations
throughout Stark County. The opening of the Hall of Fame Village
has created a transformational opportunity for our tourism economy,
and Visit Canton is committed to investing our resources and
expertise to serve the hundreds of thousands of guests annually who
will visit the Village and introduce them to our other amazing
destinations.”
The Fan Engagement Zone at the Hall of Fame Village is a sports
and entertainment-themed, 82,000-square-foot promenade located
strategically within the campus footprint and offering rooftop
views of Tom Benson Hall of Fame Stadium. Set to open in August
2022, it will be made up of unique restaurants, retailers and
experiential offerings.
About Hall of Fame Resort & Entertainment Company
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV,
HOFVW) is a resort and entertainment company leveraging the power
and popularity of professional football and its legendary players
in partnership with the Pro Football Hall of Fame. Headquartered in
Canton, Ohio, the Hall of Fame Resort & Entertainment Company
is the owner of the Hall of Fame Village powered by Johnson
Controls, a multi-use sports, entertainment and media destination
centered around the Pro Football Hall of Fame's campus. Additional
information on the Company can be found at www.HOFREco.com.
About the Hall of Fame Village powered by Johnson
Controls
Hall of Fame Village powered by Johnson Controls is a multi-use
sports, entertainment and media destination centered around the Pro
Football Hall of Fame's campus in Canton, Ohio. Owned by the Hall
of Fame Resort and Entertainment Company (NASDAQ: HOFV, HOFVW), the
Village currently has over $250 million worth of assets under
management and is one of the largest ongoing construction projects
in Ohio. Phase I of the project entailed the construction of the
Tom Benson Hall of Fame Stadium, a world-class 20,000 seat, sports
and entertainment stadium, and the National Youth Football and
Sports Complex. Phase II, currently under construction, will add
the Constellation Center for Excellence, the Center for
Performance, a Fan Engagement Zone, a Hall of Fame indoor waterpark
and a Hilton Tapestry Hotel. Phase III is currently in planning
stages. For more information, visit www.HOFVillage.com.
About Visit Canton:
The Stark County Convention & Visitors’ Bureau, d.b.a. Visit
Canton, is funded by a lodging tax administered through the Stark
County Commissioners. The organization’s mission is to promote
travel to Stark County. Visit Canton facilitates operations that
support a travel and tourism industry in Stark County. For more
information, visit www.visitcanton.com.
Forward-Looking Statements
Certain statements made herein are “forward-looking statements”
within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words and phrases such
as “opportunity,” “future,” “will,” “goal,” and “look forward” and
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside the Company’s control, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements. Important
factors, among others, that may affect actual results or outcomes
include the Company’s ability to manage growth; the Company’s
ability to execute its business plan and meet its projections,
including refinancing its existing term loan and obtaining
financing to construct planned facilities; potential litigation
involving the Company; changes in applicable laws or regulations;
general economic and market conditions impacting demand for the
Company’s products and services, and in particular economic and
market conditions in the resort and entertainment industry; the
potential adverse effects of the ongoing global coronavirus
(COVID-19) pandemic on capital markets, general economic
conditions, unemployment and the Company’s liquidity, operations
and personnel, the inability to maintain the listing of the
Company’s shares on Nasdaq, as well as those risks and
uncertainties discussed from time to time in our reports and other
public filings with the SEC. The Company does not undertake any
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220609006053/en/
Media/Investor: For Hall of Fame Resort &
Entertainment Company Media Inquiries: public.relations@hofreco.com
Investor Inquiries: investor.relations@hofreco.com
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