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BGL Real Estate Advisors Announces Sale Leaseback for Indoor Waterpark at Hall of Fame Village

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CLEVELAND, 23 Nov. 2022 /PRNewswire/ — Brown Gibbons Lang & Company (BGL) is pleased to announce the financial closing of the sale-leaseback transaction for a 147,000-square-foot indoor football-themed water park at the Hall of Fame Village. Blue Owl’s Real Estate Division, operated by Johnson Controls in Canton, Ohio along Oak Street.

BGL Vastgoedadviseurs has facilitated development financing for five parts of the HOFV project.

Hall of Fame Resort and Entertainment Company (“HOFV” or the “Company”) (NASDAQ: HOFV) is a major sports, entertainment and media company headquartered in Canton, Ohio and owner of the Hall of Fame Village. Founded in 2020, the publicly traded company HOF Village is the result of a business combination between the Pro Football Hall of Fame and Industrial Realty Group (IRG) – founded in 2016 – and Gordon Pointe Acquisition Corp. (GPAQ). Under the leadership of seasoned President and CEO Michael Crawford, HOFV is poised to capitalize on its unique partnership with professional football. This platform will enable the further development of an integrated resort complex that is Hall of Fame Village as well as other gaming and media verticals.

“The Blue Owl is pleased to partner with the HOFV in funding such an important part of the Hall of Fame Village and to continue its partnership with IRG, one of the nation’s leading industrial developers,” said Blue Owl Managing Director Colleen Collins. Owl. “We also wanted to recognize BGL’s creativity in facilitating this transaction in today’s challenging capital markets.”

The themed, experiential, zoning master plan for Hall of Fame Village consists of three phases:

  • Phase I is complete and includes the initial construction of the Tom Benson Hall of Fame Stadium and the Hall of Fame Village Sports Complex.
  • Phase II is well underway and includes the newly constructed DoubleTree by Hilton Canton Downtown Hotel, a multi-purpose office complex in the Constellation Center for Excellence, a 100,000 square foot indoor facility in the Center for Performance, Fan Engagement Zone and Play. -Action Plaza, an outdoor entertainment space with a zipline and Ferris wheel ride, compliments dining and drinking options within three acres of green space. The completion of a Hilton Tapestry hotel, and what is now known as the “Forever Lawn Sports Complex,” ended the second phase of the offering.
  • A future Phase III is also in the early planning stages and may include additional attractions, restaurants, lodging, apartments, and other accommodations. The Hall of Fame Village complex is also home to the Pro Football Hall of Fame Museum, and while the museums are owned separately, the synergistic synergies coordinated complement this master plan for the destination.
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The Hall of Fame Indoor Waterpark will feature a 147,000 square foot, technology-powered, family-friendly football-themed entertainment area. The water park will feature 85,000 square feet of water space, including a wave pool, lazy river, several waterslides, private cabanas, and smaller slides and pools for children. The facility also includes party rooms, a separate arcade, locker rooms, lifeguard stations, laundry facilities, and several food and beverage outlets.

BGL’s Real Estate Advisors Group provides comprehensive real estate investment banking services tailored to the mid-market. It provides real estate advisory, client-focused solutions with a focus on debt, preferred and private equity placements, financial restructuring, recapitalization, sale-leaseback, structured finance, and the acquisition and sale of assets across all asset classes. The team assists property owners and developers seeking to form alliances and joint ventures with single-source capital providers to gain local and institutional access to all capital needs.

About Brown Gibbons Lang & Company

Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on global midmarkets. The firm advises private and public companies and private equity groups on mergers and acquisitions, capital markets, financial restructuring, valuation and advisory, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, Los Angeles and New York, and real estate offices in Chicago, Cleveland, Denver and San Antonio. The company is also a founding member of Global M&A Partners, enabling BGL to serve clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, a subsidiary of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, visit https://www.bglco.com/.

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About Hall of Fame Resort & Entertainment Company

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company that leverages the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Hall of Fame Resort & Entertainment Company, headquartered in Canton, Ohio, owns Hall of Fame Village, operated by Johnson Controls, a multi-purpose sports, entertainment and media destination centered around the campus of the Pro Football Hall of Fame. Additional information about the company can be found at www.HOFREco.com.

About Hall of Fame Village powered by Johnson Controls

Hall of Fame Village, operated by Johnson Controls, is a multi-purpose sports, entertainment and media destination centered around the campus of the Pro Football Hall of Fame in Canton, Ohio. Owned by Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW), The Village currently has more than $250 million in assets under management and is one of Ohio’s largest ongoing construction projects. The project’s first phase built the Tom Benson Hall of Fame Stadium, a world-class 20,000-seat sports and entertainment stadium, and the Hall of Fame Village 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 water park, and a Hilton Tapestry Hotel. Phase III is currently in the planning phase. Visit www.HOFVillage.com for more information.

Blue Owl Capital Inc. about

Blue Owl is a global alternative asset manager with $132.1 billion in assets under management as of September 30, 2022. Backed by a strong fixed capital base, the firm deploys on behalf of Institutional Private Capital through Direct Lending, GP Capital Solutions and real estate strategies. . and private wealth clients. Blue Owl’s flexible, consultative approach helps position the company as the partner of choice for companies seeking capital solutions to support their continued growth. The firm’s management team consists of seasoned investment professionals with more than 25 years of experience building alternative investment firms. Blue Owl employs more than 400 people in 10 offices worldwide. for more information, please visit

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SOURCE Brown Gibbons Lang & Company

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