Nightfood Holdings (OTCQB: NGTF) is consolidating its Position as a leading force in the AI-backed revolution in the hospitality industry, strategically merging culinary education with robotics deployment. Recently, the company finalized its flagship property acquisition, a 155-room Holiday Inn in Victorville, California, valued at over $31 million. The property is expected to serve as NGTF’s flagship Robotics-as-a-Service innovation hub (ibn.fm/WfAJn).
This recent acquisition is just one of the company’s larger $80 million investments in AI-enabled hotels, which also includes other investments in California (ibn.fm/a8KDy). Through its strategic approach of leveraging robotic systems and owning hotel assets, the company is progressively developing automation testbeds that help create recurring robotics service income and property-level revenue. According to NGTF’s CEO, Jimmy Chan, “Victorville is our first automation blueprint. It’s where we test, learn, and set the bar for the next generation of smart hotel operations.”
In addition to the company’s real estate investment consolidation, Future Hospitality Ventures Holdings, a subsidiary of NGTF, currently operating as RoboOp365, showcased its AI-driven kitchen and culinary training systems at the recently held California Restaurant Show. During the event, live demonstrations were carried out for training and automated kitchen systems, in collaboration with the Los Angeles Cooking School. The partnership will help create the pioneer American culinary education platform built on AI-robotics, while leveraging the quickly evolving $32.5 billion foodservice training industry (ibn.fm/ke4tL).
Factors like the sharp rise in labor costs, increased guest expectations and shortage of staff have further underscored the importance of these updates. NGTF’s strategy entails robotics deployment, hotel ownership, and educational partnerships and is aimed at alleviating these market pressures. This commitment reassures the audience about NGTF’s dedication to addressing industry challenges.
Globally, the service robotics industry is expected to grow to $98.65 billion by 2030 from $47 billion in 2024 and $53.70 billion in 2025 (ibn.fm/jZuO0). The hospitality robotics industry alone is expected to leap to $5.56 billion in 2033 from $0.72 billion in 2024. The strategic fusion of financing, platform, property, and training gives Nightfood Holdings a unique advantage in the sector.
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 https://ibn.fm/NGTF
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