HOF Resort & Entertainment Co. files quarterly report without investor presentation

The company, which oversees the Hall of Fame Village development, filed its third-quarter report on Wednesday without the usual accompanying press release or presentation. It’s unclear if there will be an earnings call.

Highlights from the quarterly SEC filing include:

• Overall operating expenses totaled about $14.6 million in the third quarter, compared to $18.7 million the prior year.
• The company reported a net loss of $4.42 million, compared to $16.1 million in the third quarter last year.
• On a per-share basis, the loss amounted to $0.72 for the third quarter. The loss was $2.89 for the same period last year.
• Revenue from events, rents, restaurants and other unnamed sources totaled $4.63 million, about $1.12 million less than the third quarter of last year. “The decrease was primarily due to a change in number of our large scale events in 2024 compared to 2023 as well as a decrease in revenue from our on-site restaurant,” the report states.
• Hotel revenue from the DoubleTree by Hilton in downtown Canton also decreased 5% year over year to $2.17 million because of lower occupancy. Meanwhile, hotel operating expenses increased 1.8% to $1.84 million “primarily driven by increased labor and supply costs,” according to the report.