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

Core Insights - Nightfood Holdings, Inc. has completed its first hotel acquisition by acquiring Victorville Treasure Holdings, LLC for $31 million, marking a significant step in its strategy to integrate AI-powered robotics into hotel operations [1][2]. Acquisition Details - The acquisition was finalized on August 27, 2025, and includes a share exchange agreement that involves 216,667 shares of NGTF Series C Preferred Stock, convertible into common shares [2][9]. - The total purchase price of $31 million includes $5 million in performance-based earnout consideration [9]. Strategic Importance - This acquisition serves as the foundation for Nightfood's AI-driven hospitality platform, positioning the company at the forefront of automation in hotel operations [2][6]. - The Victorville property will be utilized as a Robotics-as-a-Service (RaaS) innovation site, focusing on automation deployment and operational benchmarking across hospitality brands [3][4]. Future Plans - Future phases will expand robotics deployment across various hotel functions, including housekeeping and foodservice, aiming to create a scalable "Smart Hotel" operating model [4][6]. - The company aims to address rising labor costs and operational inefficiencies in the hospitality sector through its vertically integrated model, combining hotel ownership with proprietary robotics [6][8]. Market Positioning - Nightfood's strategy of integrating robotics with real estate ownership positions it to capture market share in the global service robotics industry, which is projected to exceed $170 billion by 2030 [8].