TechMediaBreaks – Nightfood Holdings Inc. (OTCQB: NGTF) Signs LOI to Acquire Victorville Hotel as Flagship AI-Powered Property
Nightfood Holdings (OTCQB: NGTF), a rising player in AI-driven hospitality solutions, has signed a letter of intent to acquire the assets of Victorville Treasure Holdings, LLC, owner of a 155-room Holiday Inn® in Victorville, California. The hotel is undergoing a major renovation for conversion into a Courtyard by Marriott® and is already using Skytech robotics to improve profitability. Valued at $41 million, the deal will be structured through a $31 million stock exchange and a $5 million performance-based earnout. Nightfood plans to use the site as a flagship model for its Robotics-as-a-Service platform and smart-hospitality strategy. To view the full…