Nightfood Closes First of 2 Strategic Hotel Acquisitions in $31M Deal for 155-Room Holiday Inn, Establishing AI Hospitality Automation Platform and Advancing SEC Audit Milestones
Nightfood Holdings (OTCQB: NGTF) has completed the acquisition of a 155-room Holiday Inn property in Victorville, California for $31 million through a share exchange agreement. The deal, closed on August 27, 2025, marks the company's transformation into a hospitality technology company focused on AI-powered robotics.
The Victorville property will serve as Nightfood's first Robotics-as-a-Service (RaaS) innovation site, featuring initial automation solutions like Skytech's Laundry Helper robot. The company plans to expand robotics deployment across housekeeping, foodservice, and front-of-house operations. The acquisition terms include 216,667 shares of Series C Preferred Stock and a $5 million performance-based earnout.
Nightfood Holdings (OTCQB: NGTF) ha completato l'acquisizione di un hotel Holiday Inn da 155 camere a Victorville, California, per $31 million tramite un accordo di scambio azionario. L'operazione, chiusa il 27 agosto 2025, segna la trasformazione della società in un'azienda di tecnologia dell'ospitalità focalizzata su robotica potenziata dall'intelligenza artificiale.
La struttura di Victorville diventerà il primo sito di innovazione Robotics-as-a-Service (RaaS) di Nightfood, con soluzioni di automazione iniziali come il robot Laundry Helper di Skytech. La società intende estendere l'implementazione dei robot ai reparti di housekeeping, foodservice e front-of-house. I termini dell'acquisizione prevedono la consegna di 216.667 azioni di Serie C Preferred Stock e un earnout legato alle performance di 5 milioni di dollari.
Nightfood Holdings (OTCQB: NGTF) ha cerrado la adquisición de un Holiday Inn de 155 habitaciones en Victorville, California, por $31 million mediante un acuerdo de intercambio de acciones. El trato, finalizado el 27 de agosto de 2025, marca la transformación de la compañía en una firma de tecnología hotelera centrada en robótica potenciada por IA.
La propiedad de Victorville servirá como el primer sitio de innovación Robotics-as-a-Service (RaaS) de Nightfood, incorporando soluciones de automatización iniciales como el robot Laundry Helper de Skytech. La compañía planea ampliar el despliegue de robots en limpieza, servicio de alimentos y operaciones de recepción. Los términos de la adquisición incluyen 216.667 acciones de Series C Preferred Stock y un earnout por rendimiento de $5 millones.
Nightfood Holdings (OTCQB: NGTF)는 주식교환계약을 통해 캘리포니아 빅터빌의 155객실 규모 Holiday Inn을 $31 million에 인수 완료했습니다. 이번 거래는 2025년 8월 27일 마무리되었으며, 회사가 AI 기반 로보틱스에 주력하는 호스피탈리티 테크 기업으로 전환했음을 의미합니다.
빅터빌 호텔은 Nightfood의 첫 Robotics-as-a-Service (RaaS) 혁신 사이트가 되며, Skytech의 Laundry Helper 로봇과 같은 초기 자동화 솔루션을 도입할 예정입니다. 회사는 하우스키핑, 식음료 서비스, 프런트 운영 전반으로 로봇 배치를 확대할 계획입니다. 인수 조건에는 Series C 우선주 216,667주와 성과 기반 500만 달러의 언아웃(earnout)이 포함됩니다.
Nightfood Holdings (OTCQB: NGTF) a finalisé l'acquisition d'un Holiday Inn de 155 chambres à Victorville, Californie, pour $31 million via un accord d'échange d'actions. L'opération, clôturée le 27 août 2025, marque la transformation de la société en une entreprise technologique dédiée à l'hôtellerie et axée sur la robotique alimentée par l'IA.
La propriété de Victorville servira de premier site d'innovation Robotics-as-a-Service (RaaS) de Nightfood, avec des solutions d'automatisation initiales telles que le robot Laundry Helper de Skytech. La société prévoit d'étendre le déploiement de robots aux services de nettoyage, de restauration et à l'accueil. Les modalités de l'acquisition comprennent 216 667 actions de Series C Preferred Stock et un earnout de 5 millions de dollars lié aux performances.
Nightfood Holdings (OTCQB: NGTF) hat über einen Aktientausch eine 155-Zimmer-Immobilie des Holiday Inn in Victorville, Kalifornien, für $31 million erworben. Der Deal, abgeschlossen am 27. August 2025, markiert die Umwandlung des Unternehmens in ein Hospitality-Tech-Unternehmen mit Schwerpunkt auf KI-gestützter Robotik.
Die Immobilie in Victorville wird Nightfoods erste Robotics-as-a-Service (RaaS) Innovationsstätte sein und erste Automatisierungslösungen wie den Laundry Helper von Skytech einsetzen. Das Unternehmen plant, den Robotikeinsatz auf Housekeeping, Gastronomie und Empfangsbereiche auszuweiten. Die Akquisitionsbedingungen umfassen 216.667 Stück Series C Preferred Stock sowie ein leistungsabhängiges Earnout in Höhe von 5 Millionen US-Dollar.
- Strategic acquisition of a 155-room Holiday Inn property valued at $31 million
- Implementation of AI-powered robotics platform to reduce labor costs and improve operational efficiency
- Property serves as first RaaS innovation site for automation testing and deployment
- Progress toward SEC audit milestones supporting future uplisting initiatives
- Significant share dilution through issuance of 216,667 Series C Preferred Stock
- Large capital commitment with $31 million purchase price
- Execution risk in implementing new AI and robotics technology
- Six-month lock-up period for Series C shares could impact liquidity
TARRYTOWN, N.Y., Sept. 03, 2025 (GLOBE NEWSWIRE) -- via IBN — Nightfood Holdings, Inc. (OTCQB: NGTF), a hospitality technology company redefining hotel operations through AI-powered robotics and strategic acquisitions, today announces it has officially closed the acquisition of Victorville Treasure Holdings, LLC, owner of a 155-room Holiday Inn property in Victorville, California.
The
Building the Smart Hotel Standard
The Victorville property is being established as Nightfood’s first Robotics-as-a-Service (RaaS) innovation site for automation deployment, testing, and operational benchmarking across hospitality brands. Initial solutions already installed include Skytech’s Laundry Helper robot, enhancing labor efficiency in back-of-house operations.
Future phases will expand robotics deployment across housekeeping, foodservice, and front-of-house functions, creating and validating a scalable “Smart Hotel” operating model.
“We’re building more than a portfolio—we’re creating the framework for how hotels can operate with AI,” said Jimmy Chan, CEO of Nightfood Holdings. “Victorville is our first automation blueprint. It’s where we test, learn, and set the bar for the next generation of smart hotel operations.”
Key Deal Terms
- Total Purchase Price:
$31 million , including$5 million in performance-based earnout consideration - Equity Consideration: 216,667 shares of NGTF Series C Preferred Stock, convertible into common shares
- Transaction Structure: Tax-deferred reorganization under Section 368 of the IRS Code
- Lock-Up: Six months for all Series C shares received by sellers
A Strategic Inflection Point
Nightfood’s vertically integrated model combines hotel ownership with proprietary robotics deployment, directly addressing rising labor costs and operational inefficiencies in the hospitality sector. These acquisitions are also tied to SEC audit milestones, supporting compliance and strengthening the Company’s foundation for future growth and uplisting initiatives.
“By embedding automation directly into our hotel operations, we’re doing what others only talk about,” added Chan. “Victorville is live today, giving us the platform to lead the AI transformation of hospitality—backed by real assets, real operations, and real technology.”
About Nightfood Holdings, Inc. (OTCQB: NGTF)
Nightfood Holdings, Inc. is an emerging robotics company focused on developing and deploying AI-powered automation across industries. Hospitality is the Company’s first sector of entry, where its Robotics-as-a-Service (RaaS) platform addresses heavy-duty, repetitive, dirty, and injury-prone tasks that are increasingly difficult to staff with human labor. Nightfood’s long-term vision is to expand into additional verticals requiring similar automation solutions, delivering scalable robotics that improve safety, efficiency, and reliability across multiple sectors.
As part of its vertically integrated model, Nightfood is also strengthening its balance sheet through ownership of asset-rich real estate, beginning with hotel acquisitions that double as live deployment sites for robotics testing and operational benchmarking. This combined strategy of robotics innovation and real estate growth positions NGTF to capture market share in the rapidly expanding global service robotics industry, projected to exceed
Forward-Looking Statements
This press release contains forward-looking statements regarding future events and Nightfood Holdings’ expected performance. These statements are subject to risks and uncertainties, and actual results may differ materially from expectations. Investors are encouraged to review the Company’s SEC filings for additional information.
Investor & Media Contacts
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