Curated News
By: NewsRamp Editorial Staff
April 09, 2025
Nightfood Holdings to Acquire Victorville Treasure Holdings, LLC Assets
TLDR
- Nightfood Holdings (OTCQB: NGTF) strategically acquires assets for Courtyard by Marriott® conversion, leveraging Skytech robotics for increased profitability.
- The $41M deal includes a $31M stock exchange and a $5M earnout, structured to utilize the hotel as a flagship model for Robotics-as-a-Service platform.
- Nightfood's acquisition aims to revolutionize smart-hospitality strategy with AI-driven robotics, enhancing operational efficiencies and customer experiences for a better tomorrow.
- Victorville Treasure Holdings, LLC's 155-room Holiday Inn® undergoing renovation into Courtyard by Marriott® utilizing Skytech robotics offers a glimpse into the future of hospitality.
Impact - Why it Matters
This news matters as Nightfood Holdings' acquisition marks a significant move in the hospitality sector, showcasing their commitment to innovation through AI-driven solutions. The deal highlights the company's strategy to revolutionize customer experiences and operational efficiencies in the industry, ultimately aiming to drive growth and value for stakeholders.
Summary
Nightfood Holdings (OTCQB: NGTF) 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, for conversion into a Courtyard by Marriott. Valued at $41 million, the deal includes a $31 million stock exchange and a $5 million earnout. Nightfood plans to use the site as a flagship model for its Robotics-as-a-Service platform and smart-hospitality strategy.
About Nightfood Holdings Inc., the company is focused on identifying market trends in hospitality and food services, using AI-enabled robotics products to enhance operational efficiencies. The company also aims to develop wellness-focused consumer goods to meet the demand for healthier options. For more information on Nightfood, visit their website at www.NightFood.com.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Nightfood Holdings to Acquire Victorville Treasure Holdings, LLC Assets
