Sector: Consumer Cyclicals | Industry: Hotels, Motels & Cruise Lines |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2626 Fulton Drive NW CANTON OH 44718 |
Tel: | N/A |
Website: | https://www.hofreco.com |
IR: | See website |
Key People | ||
Michael Anthony Crawford Chairman of the Board, President, Chief Executive Officer | James J. Dolan Vice Chairman of the Board | Benjamin J. Lee Chief Financial Officer |
Victor S. Gregovits Executive Vice President - Sales | Anne Graffice Executive Vice President of Global Marketing and Public Affairs | Lisa Gould Senior Vice President - Human Resources |
Val Mcgee Senior Vice President - Revenue | Tara Charnes General Counsel, Secretary |
Business Overview |
Hall of Fame Resort & Entertainment Company is a resort and entertainment company. The Company is the owner of the Hall of Fame Village, a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fames campus. Hall of Fame Village consists of the Tom Benson Hall of Fame Stadium, the ForeverLawn Sports Complex, and HOF Village Media Group, LLC (Hall of Fame Village Media). The Tom Benson Hall of Fame Stadium hosts multiple sports and entertainment events, including the NFL Hall of Fame Game, Enshrinement and Concert for Legends. The ForeverLawn Sports Complex hosts camps and tournaments for football players, as well as athletes from across the country in other sports such as lacrosse, rugby and soccer. Hall of Fame Village Media licenses the content controlled by the Pro Football Hall of Fame (PFHOF), as well as new programming assets developed from live events held at the ForeverLawn Sports Complex and the Tom Benson Hall of Fame Stadium. |
Financial Overview |
For the nine months ended 30 September 2023, Hall of Fame Resort & Entertainment Co revenues increased 39% to $18M. Net loss applicable to common stockholders increased 74% to $49.6M. Revenues reflect Event and other revenues increase of 59% to $10.1M, Hotel revenues increase of 28% to $5.9M, Sponsorships, net of activation costs increase of 2% to $2.1M. Higher net loss reflects Operating expenses - Balancing value increase from $14.1M to $35.6M (expense). |
Employees: | 114 as of Mar 23, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $280.25M as of Sep 30, 2023 |
Annual revenue (TTM): | $20.52M as of Sep 30, 2023 |
EBITDA (TTM): | -$28.58M as of Sep 30, 2023 |
Net annual income (TTM): | -$68.09M as of Sep 30, 2023 |
Free cash flow (TTM): | -$82.05M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $259.95M as of Sep 30, 2023 |
Shares outstanding: | 6,506,987 as of Apr 15, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |