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Posted On: 04/09/2025 5:15:09 PM
Post# of 313
NetworkNewsBreaks – Nightfood Holdings Inc. (OTCQB: NGTF) Signs LOI to Acquire Victorville Hotel as Flagship AI-Powered Property
Nightfood Holdings (OTCQB: NGTF), a rising player in AI-driven hospitality solutions, has signed a letter of intent to acquire the assets of Victorville Treasure Holdings, LLC, owner of a 155-room Holiday Inn® in Victorville, California. The hotel is undergoing a major renovation for conversion into a Courtyard by Marriott® and is already using Skytech robotics to improve profitability. Valued at $41 million, the deal will be structured through a $31 million stock exchange and a $5 million performance-based earnout. Nightfood plans to use the site as a flagship model for its Robotics-as-a-Service platform and smart-hospitality strategy.
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://nnw.fm/NGTF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Nightfood Holdings (OTCQB: NGTF), a rising player in AI-driven hospitality solutions, has signed a letter of intent to acquire the assets of Victorville Treasure Holdings, LLC, owner of a 155-room Holiday Inn® in Victorville, California. The hotel is undergoing a major renovation for conversion into a Courtyard by Marriott® and is already using Skytech robotics to improve profitability. Valued at $41 million, the deal will be structured through a $31 million stock exchange and a $5 million performance-based earnout. Nightfood plans to use the site as a flagship model for its Robotics-as-a-Service platform and smart-hospitality strategy.
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://nnw.fm/NGTF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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