Commercial Observer: Peachtree Closes $70M for Hotel, Water Park Near Football Hall of Fame

Peachtree Group's Jared Schlosser and a rendering of a planned Tapestry Collection by Hilton hotel in Canton, Ohio.

Commercial Observer | Hall of Fame Resort & Entertainment Company has scored $70 million of Commercial Property Accessed Clean Energy (C-PACE) debt for the development of a Tapestry Collection by Hilton hotel with an accompanying indoor water park in Canton, Ohio, steps from the Pro Football Hall of Fame, Commercial Observer has learned.

Peachtree Group originated the loan for the hotel and waterpark projects, which will be built in the northern section of the Hall of Fame Village campus. The C-PACE proceeds will be used to fund the building’s envelope. windows, HVAC, lighting and qualifying soft costs, according to Peachtree.

Jared Schlosser, head of credit originations at Peachtree Group, said the 183-key hotel offers plenty of potential given the large number of tourists the Pro Football Hall of Fame draws throughout the year and limited hotel supply in the immediate area surrounding the facility. Schlosser added that the Hall of Fame Village campus also has year-round youth sports events in an indoor dome which serve as a catalyst for the indoor water park component.

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