RANCHO MIRAGE, Calif., Oct. 07, 2025 (GLOBE NEWSWIRE) -- via IBN -- Nightfood Holdings, Inc. (OTCQB: NGTF), doing business as TechForce Robotics, today announced the successful closing of its fifth acquisition in under two years with the completion of its share exchange transaction to acquire Treasure Mountain Holdings, LLC, the owner and operator of the 120-room Hilton Garden Inn Rancho Mirage, California. The transaction, valued at approximately $52.8 million, officially closed on September 30, 2025. Unde ...

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 $31 million share exchange agreement (SEA), signed and closed as of Aug. 27, 2025, represents Nightfood’s first completed ho ...

Core Insights - YY Group Holding Limited has signed a Memorandum of Understanding (MOU) with KEENON (Hong Kong) Limited to enhance its robotics integration initiative aimed at improving service consistency, safety, and operational efficiency [1][2][4] Strategic Robotics Expansion - The robotics integration initiative targets high-impact sectors such as hospitality, healthcare, and facilities management, with the deployment of robotic dish-servers and cleaners already underway in Singapore and Malaysia [3][4] - The MOU with Keenon will pilot advanced indoor service robots tailored for commercial environments in Singapore and Malaysia, focusing on AI-enabled robotics to enhance efficiency and address manpower challenges [4] Enhanced Value Proposition Through Human-Centric Robotics - The collaboration emphasizes human-robot synergy, where Keenon's robots will complement human teams by handling repetitive tasks, allowing staff to focus on higher-value responsibilities [5] - YY Group's deployment model offers clients various options, including on-demand and capital ownership models, supported by in-house technicians for reliable long-term use [6] Strategic Imperatives & Future Outlook - CEO Mike Fu highlighted that the collaboration with Keenon marks a significant milestone in YY Group's robotics integration strategy, aiming to accelerate the adoption of intelligent service robots across Southeast Asia [7] - Pilot deployments are already in progress with select clients, extending YY Group's existing robotics program and laying the groundwork for broader scaling across the region [7][9] - The integration of Keenon's solutions is expected to improve asset efficiency, elevate service outcomes, and support new recurring revenue streams, aligning with YY Group's long-term strategy [9]

Core Insights - Nightfood Holdings, Inc. is set to finalize the acquisition of two flagship hotel properties in California, valued at approximately $80 million, which will enhance its vertically integrated hospitality and automation strategy [1][2][4] - The company is rapidly scaling a dual-focus model that combines asset ownership with Robotics-as-a-Service (RaaS), aiming to increase its assets under management and create a long-term infrastructure for AI-driven service robotics [2][5] - Nightfood's CEO emphasizes that these properties will serve as strategic launchpads for embedding next-gen automation into hotel operations, addressing labor challenges and generating scalable recurring revenue streams [3][6] Market Opportunity - The AI in hospitality market is projected to grow to $1.46 billion by 2029, with a compound annual growth rate (CAGR) of 57.8%, while the global hospitality robotics market is expected to expand from $24.38 billion this year to $107.24 billion by 2034 [7] - Labor costs in the U.S. hotel sector have increased by approximately 22% since 2019, indicating a pressing need for tech-enabled efficiency solutions in the hospitality industry [7] Strategic Execution - Nightfood plans to complete due diligence on the Victorville asset by early August, with the Rancho Mirage asset to follow, both of which will be integrated into the company's AI automation platform [4] - The RaaS platform allows hospitality operators to adopt AI solutions on a subscription basis, which reduces capital expenditures while enhancing guest satisfaction and profitability [5] Integrated Growth Model - Nightfood's unique value proposition lies in its full-stack vertical integration, which helps eliminate barriers faced by robotics startups and enables rapid validation and scaling of solutions [6] - The company aims to own hotels, deploy automation, monetize efficiencies and data, and expand recurring revenue streams [8]

New executive leadership combines decades of expertise in capital markets, supply chain logistics, real estate, and hotel automation to drive Nightfood’s next phase of expansionTARRYTOWN, N.Y., May 01, 2025 (GLOBE NEWSWIRE) -- via IBN – Nightfood Holdings, Inc. (OTCQB: NGTF), an emerging leader in AI-driven hospitality automation and real estate-backed hotel operations, today announced the appointment of Jimmy Chan as Chief Executive Officer and Ried Floco as President and Director. These leadership transit ...