• Nightfood Holdings recently completed its first hotel acquisition in a $31 million deal with Victorville Treasure Holdings, LLC
• This acquisition, and another that’s near closing, serve as the foundation of Nightfood’s hospitality platform and its first Robotics-as-a-service (“RaaS”) innovation site
• The company plans to apply their robotics with everything from housekeeping to food service, to front-of-house

Nightfood Holdings (OTCQB: NGTF), a hospitality technology company looking to redefine hospitality with AI-powered robotics, recently announced the $31 million deal Victorville Treasure Holdings, LLC, the owner of a 155-room Holiday Inn located in Victorville, California. The $31 million includes $5 million in performance-based earnout consideration.

The company already has a deal for a second property in the works, as well. These properties are set to serve as the foundation of Nightfood’s hospitality platform, and ensures the company is on the cutting edge of hotel automation.

The property in Victorville is being transformed into Nightfood’s first Robotics-as-a-service (“RaaS”) innovation site, and will be used for deploying automations, testing them, and benchmarking across multiple brands.

Some early solutions are already installed, such as their laundry helper robot. Robotics deployment will expand in future phases and use robots to help with housekeeping, food service, and front-of-house duties.

When talking about the first property, Nightfood’s CEO Jimmy Chan said “Victorville is our first automation blueprint. It’s where we test, learn, and set the bar for the next generation of smart hotel operations.” He also added that Nightfood is “building more than a portfolio—we’re creating the framework for how hotels can operate with AI”.

About Nightfood Holdings Inc.

Nightfood Holdings is a company that seeks to use strategic acquisitions and AI-powered robots to redefine the hospitality industry. It hopes to set the new standard for cost reduction, efficiency, and optimization in hospitality, by integrating automation directly with hospitality assets.

For more information, visit the company’s website at NightfoodHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at https://ibn.fm/NGTF

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Austin, Texas
www.InvestorWire.com
512.354.7000 Office
[email protected]

InvestorWire is powered by IBN