Nightfood Holdings to Acquire Hilton Garden Inn for $36.93 Million to Launch AI Robotics Platform

Nightfood Holdings (OTCQB: NGTF) has signed a Letter of Intent to acquire the 120-room Hilton Garden Inn in Rancho Mirage, California for $36.93 million, representing one of the company's largest transactions to date. The strategic location adjacent to Disney's Cotino(TM) residential resort community positions this property as an ideal flagship site for Nightfood's Robotics-as-a-Service (RaaS) platform, which leverages artificial intelligence to reduce labor costs and improve operational efficiency in the hospitality sector.

The acquisition package includes provisions for a five-room expansion, a $3 million earn-out arrangement, and $26.43 million in Series C Preferred Stock financing. These components are contingent upon several conditions being met, including completion of financial audits, satisfaction of mortgage requirements, and the company's successful uplisting to a national exchange. The transaction underscores Nightfood's commitment to transforming traditional hospitality operations through technological innovation.

This move signals a significant shift in how hospitality companies are addressing persistent labor challenges and operational inefficiencies. The AI-powered RaaS platform represents a growing trend in the industry where automation and artificial intelligence are being deployed to maintain service quality while controlling costs. The proximity to Disney's new residential development adds substantial potential for increased foot traffic and revenue generation, making this acquisition particularly strategic for long-term growth.

The financial structure of the deal, particularly the substantial Series C Preferred Stock component, indicates investor confidence in Nightfood's vision for technology-driven hospitality solutions. For more information about the company's initiatives, visit https://www.NightFood.com. The latest developments and updates regarding Nightfood Holdings are available through their newsroom at http://ibn.fm/NGTF.

This acquisition could set a precedent for other hospitality companies considering similar technological integrations, potentially accelerating the adoption of AI and robotics across the industry. The successful implementation of Nightfood's RaaS platform at this flagship location may demonstrate the viability of robotics-as-a-service models in reducing operational costs while maintaining guest satisfaction standards, addressing one of the most pressing challenges facing the hospitality sector today.