- 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…
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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