Hall Of Fame Resort & Entertainment Secures $70M Loan From Peachtree Group For Canton Hotel Development
$70,000,000
Building Size
—
Asset Type
Development Site
Closing
Jan 12, 2026
AI
The asset involved in this transaction is a development site located at Tapestry Collection by Hilton in Canton, OH. The site is designated for a 183-key hotel that will feature an indoor water park, addressing the limited local hotel supply and catering to the strong tourism and sports traffic from the Pro Football Hall of Fame and year-round youth events.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $70,000,000
- Address: Tapestry Collection by Hilton
- Market: Canton, OH
- Lender: Jared Schlosser - Peachtree Group
- Landlord: Michael Crawford - Hall of Fame Resort & Entertainment Company
The financing arrangement was secured to support the construction of the hotel and its accompanying amenities, highlighting the collaboration between the landlord and the lender in facilitating this project within the Hall of Fame Village campus.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93