Nightfood Holdings to Acquire Victorville Hotel as Robotics-as-a-Service Flagship

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 currently undergoing major renovation for conversion into a Courtyard by Marriott®. The $41 million transaction, structured through a $31 million stock exchange and $5 million performance-based earnout, represents a significant strategic move for the AI-driven hospitality solutions company.

The Victorville property already utilizes Skytech robotics to improve operational profitability, making it an ideal candidate for Nightfood's Robotics-as-a-Service platform implementation. Nightfood plans to use the converted Courtyard by Marriott as a flagship model demonstrating its smart-hospitality strategy, showcasing how artificial intelligence-enabled robotics can revolutionize operational efficiencies and customer experiences in the hotel industry.

This acquisition aligns with Nightfood's broader mission to capitalize on explosive market trends within hospitality and commercial real estate sectors. The company focuses on identifying industries ripe for innovation and growth, particularly those undergoing transformational changes where technology integration can create significant value. The hotel's existing robotics infrastructure provides an immediate platform for Nightfood to demonstrate its operational expertise and technology deployment capabilities.

The performance-based earnout structure of $5 million indicates Nightfood's confidence in achieving specific operational and financial targets post-acquisition. This approach aligns investor interests with successful execution of the smart-hotel conversion and robotics integration strategy. The stock-based portion of the transaction also suggests Nightfood's commitment to leveraging its equity for strategic growth opportunities in the evolving hospitality technology landscape.

For investors following Nightfood's progress, additional information is available through the company's newsroom at http://ibn.fm/NGTF. The acquisition represents a tangible step in Nightfood's strategy to lead emerging categories in markets experiencing technological transformation, particularly through the deployment of AI-enabled robotics products across its focus areas including hospitality, food services, and commercial real estate.