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Canton,
OH – June 2022 / Newsmaker Alert: 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, announces 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.
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“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.
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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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