- $36.93M LOI signed to acquire Hilton Garden Inn in Rancho Mirage, California, next to Disney’s Cotino development
- Follows $41M deal for Victorville Holiday Inn, set to become a model for robotics-enabled hotel operations
- Recently acquired Future Hospitality Ventures (which holds an exclusive U.S. partnership with Bear Robotics) and the addition of Skytech Automated Solutions – both aimed at expanding its AI-powered robotics initiatives in the hospitality industry
- The combined value of these acquisitions is expected to strengthen the positioning of the company for a successful uplisting, unlocking the full range of benefits associated with national exchange
As automation reshapes hospitality, hotel operators are under pressure to find cost-effective, scalable solutions that combat labor shortages, streamline operations, and elevate guest experiences. Nightfood Holdings (OTCQB: NGTF) is embracing this shift head-on with an ambitious plan to lead the industry through artificial intelligence (“AI”)-powered hotel automation and strategic acquisitions.
Strategic Moves in Key California Markets
On May 12, 2025, Nightfood announced a $36.93 million LOI to acquire the Hilton Garden Inn in Rancho Mirage, California, a 120-room hotel adjacent to Disney’s forthcoming Cotino residential resort community. The agreement includes a room expansion plan, aiming to increase capacity to 125 rooms, and a $3 million earnout payable upon completion of the expansion. Situated in a high-traffic tourist corridor, the Rancho Mirage hotel is set to become a site for showcasing Nightfood’s RaaS technology – including its currently deployed Skytech Laundry helper – and will serve as a future model for retrofitting other full-service hotels.
This move follows Nightfood’s April announcement of a $41 million acquisition of a Holiday Inn in Victorville, California. That 155-room property, now undergoing brand conversion to a Courtyard by Marriott, already is in use of the Skytech-driven laundry robotic solution. Once renovations are complete, the Victorville location will become Nightfood’s first RaaS model hotel, demonstrating how automation can improve profitability, reduce staffing burdens, and optimize service delivery.
AI-Powered RaaS Platform Driving Hospitality Innovation
Nightfood’s AI-enabled robotics are built to automate labor-intensive hotel functions, including simple housekeeping, starting with laundry transportation. By embedding these capabilities into the hotel infrastructure, the company is positioned to reduce operating costs, fill labor gaps, and create more reliable, standardized guest experiences. With staff shortages still plaguing the hospitality sector post-pandemic, Nightfood’s solution is both timely and scalable.
These advances align with the company’s broader shift into the Robotics-as-a-Service (“RaaS”) space, which combines real estate value with subscription-style recurring revenue models. This unique integration offers hotels a clear ROI path while providing Nightfood with high-margin, software-like growth dynamics.
In fact, the Victorville hotel is projected to generate 25–40% more revenue once renovations and robotic integrations are complete, validating the potential of Nightfood’s platform to transform hotel economics. Both properties will also help Nightfood test and refine robotic workflows in real-world environments before scaling to additional acquisitions.
Financial Structure and Uplisting Requirement
Nightfood will fund both deals through Series C Convertible Preferred Stock, offering sellers equity upside while preserving cash. The Rancho Mirage deal includes $26.43 million in preferred stock and a $3 million earnout, while the Victorville transaction involves a net purchase price of $31 million after factoring in the assumed mortgage, plus a $5 million performance-based earnout.
A Vision Beyond Hospitality
These strategic moves also position Nightfood within a larger trend: digitizing traditional service sectors. Much like how Amazon Go reinvented retail and Toast transformed restaurant POS, Nightfood is applying a similar logic to the hospitality industry by blending hardware, software, and data to deliver smarter, leaner operations.
As NGTF’s recent acquisitions strengthen the positioning of the company for a successful uplisting, it may emerge as a new kind of hospitality operator, part landlord, part tech innovator, and part robotics integrator.
With two high-profile hotel deals already signed, as well as its recently acquired Future Hospitality Ventures (which holds an exclusive U.S. partnership with Bear Robotics) and the acquisition of Skytech Automated Solutions, Nightfood is becoming a platform company at the intersection of real estate, robotics, and AI. Investors will be watching closely to see how this transition plays out.
For more information, visit the company’s website at NightfoodHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://ibn.fm/NGTF
