Hall of Fame Resort and Entertainment Company Secures Financing to Facilitate Completion of Phase II Development – QNT Press Release

Senior financing is secured to support completion of Hall of Fame Village football-themed waterpark and Hilton Tapestry Hotel

CANTON, Ohio, Nov. 9, 2022 /PRNewswire/ — Hall of Fame Resort & Entertainment Company (“HOFV” or the “Company”) (NASDAQ:HOFVHOFVW)), the only resort, entertainment and media company centered around the power of professional football, today announces that it has secured key financing pieces totaling $78 Million to help facilitate the completion of the remaining Phase II assets for the development of the Hall of Fame Village.

HOFV has secured $50 Million from a special purpose entity under Oak Street Real Estate Capital, LLC, a division of Blue Owl (“Oak Street”), based in Chicagoon a sale-leaseback transaction to help build the planned football-themed waterpark. The company also secured substantial backing from its largest shareholder, Industry Realty Group, LLC (“IRG”). IRG’s multiple levels of support include a commitment of completion guarantee for the football-themed waterpark, a…

Full story available on Benzinga.com

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