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Posted On: 09/03/2025 4:36:08 PM
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NetworkNewsBreaks – Nightfood Holdings Inc. (OTCQB: NGTF) Closes $31 Million Acquisition of Holiday Inn Property to Launch AI-Driven Hospitality Platform
Nightfood Holdings (OTCQB: NGTF), a hospitality technology company leveraging AI-powered robotics and strategic acquisitions to transform hotel operations, announced the closing of its $31 million share exchange agreement to acquire Victorville Treasure Holdings, LLC, owner of a 155-room Holiday Inn in Victorville, Calif. The deal marks Nightfood’s first completed hotel acquisition, with a second nearing completion, and establishes the Victorville property as the Company’s Robotics-as-a-Service innovation site. Initial automation solutions, including Skytech’s Laundry Helper robot, have already been deployed, with future phases to expand across housekeeping, foodservice, and front-of-house functions to create a scalable “Smart Hotel” model. CEO Jimmy Chan said the acquisition provides the foundation for Nightfood’s next-generation hospitality platform, positioning the Company at the forefront of AI-driven hotel operations.
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 hospitality technology company leveraging AI-powered robotics and strategic acquisitions to transform hotel operations, announced the closing of its $31 million share exchange agreement to acquire Victorville Treasure Holdings, LLC, owner of a 155-room Holiday Inn in Victorville, Calif. The deal marks Nightfood’s first completed hotel acquisition, with a second nearing completion, and establishes the Victorville property as the Company’s Robotics-as-a-Service innovation site. Initial automation solutions, including Skytech’s Laundry Helper robot, have already been deployed, with future phases to expand across housekeeping, foodservice, and front-of-house functions to create a scalable “Smart Hotel” model. CEO Jimmy Chan said the acquisition provides the foundation for Nightfood’s next-generation hospitality platform, positioning the Company at the forefront of AI-driven hotel operations.
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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