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Nightfood Holdings Inc. (NGTF) Completes First Hotel Acquisition in $31 million Deal

  • 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…

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

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