Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
NightFood Holdings ( (NGTF) ) has provided an update.
On May 12, 2025, Nightfood Holdings announced the execution of a Letter of Intent to acquire the Hilton Garden Inn in Rancho Mirage, California, valued at $36.93 million. This acquisition, adjacent to Disney’s Cotino development, will serve as a flagship property for Nightfood’s Robotics-as-a-Service platform, showcasing their AI-powered automation technologies. The strategic location is expected to benefit from increased foot traffic and enhance long-term occupancy and average daily rates, aligning with Nightfood’s focus on integrating real estate with automation to drive growth and shareholder value.
More about NightFood Holdings
Nightfood Holdings, Inc. is a hospitality automation company that combines AI-powered robotics with strategic hotel acquisitions to enhance hotel efficiency, reduce operating costs, and address labor challenges. The company is strategically positioned to capitalize on the growing global service robotics market, with a dual focus on owning hotel properties and offering Robotics-as-a-Service (RaaS).
Average Trading Volume: 963,704
Technical Sentiment Signal: Buy
Current Market Cap: $4.1M
See more data about NGTF stock on TipRanks’ Stock Analysis page.