- Report notes that the increasing pace of transactions serves as an encouraging sign for the hospitality industry
- Nightfood Holdings has closed on two acquisitions this month alone
- Company is “building a powerful ecosystem designed to lead the future of hotel automation,” says chair
Strategic acquisitions are a cornerstone for companies aiming to scale and diversify, particularly in the hospitality sector, where consumer preferences and technological advancements rapidly evolve. In this dynamic environment, Nightfood Holdings (OTCQB: NGTF) has demonstrated its commitment to savvy acquisitions in the past six months, positioning itself to capitalize on emerging robotic trends and broaden its market presence.
“The year 2024 marked a significant period of strategic consolidation within the hotel management industry, reflecting a deeper trend beyond mere financial transactions,” stated a recent ReportLinker article (https://ibn.fm/TZpQk). “These mergers and acquisitions (“M&A”) signal a substantial shift in the way hotel management companies are positioning themselves in an ever-evolving market landscape.”
“This increasing pace of transactions serves as an encouraging sign for the hospitality industry, suggesting not only a recovery from any past market slowdowns but also an optimistic outlook for the future,” the article continued. “The strategic nature of these mergers and acquisitions, focusing on scalability, market penetration and operational synergies, highlights a proactive approach to navigating the challenges and opportunities of the hospitality market.”
Nightfood Holdings’ recent acquisitions reflect this strategic approach. In September 2024, Nightfood completed the acquisition of CarryoutSupplies.com, a leading wholesaler and distributor of custom takeout packaging for the food-service industry (https://ibn.fm/N3UA3). This strategic all-stock acquisition expanded Nightfood’s product offerings and customer base, enhancing operational efficiencies and opening new avenues for cross-promotion within its subsidiaries.
“Acquiring Carryout Supplies is a major step forward in our strategy to transform hospitality operations,” said Jamie Steigerwald, chair of Nightfood Holdings. “Combining their industry-leading packaging capabilities with our advanced automation technology enables us to offer more efficient, scalable solutions that directly address cost, labor, and operational challenges in the sector.”
The company has closed on two additional acquisitions this month. On April 1, the company announced the successful acquisition of Skytech Automated Solutions Inc., a recognized expert in artificial intelligence (“AI”)-driven service technologies for the hotel industry (https://ibn.fm/joUNP). This acquisition enhances Nightfood Holdings’ Robots-as-a-service (“RaaS”) capabilities and accelerates market penetration across the hotel sector – with robotics being an inevitable evolution that forward-thinking businesses will need to embrace to lead in the future.
“Closing the Skytech acquisition represents a transformative leap forward for Nightfood,” said Steigerwald. “This strengthens our ability to scale automation across the hospitality industry-addressing key operational pain points such as labor shortages and rising costs. Together with the Carryout Supplies acquisition, we’re building a powerful ecosystem designed to lead the future of hotel automation.”
In addition, Nightfood has signed a letter of intent (“LOI”) to acquire the assets of Victorville Treasure Holdings LLC, owner and operator of a 155-room Holiday Inn(R) in Victorville, California (https://ibn.fm/BrIyb). This acquisition represents the company’s plan to become a leader in hotel ownership and management; Nightfood Holdings has developed more than 50 properties and manages more than 130 hotels.
The Victorville property is undergoing a major renovation, including the addition of a new state-of-the-art fitness center, to qualify for the Courtyard by Marriott(R) rebranding. Following the acquisition, Nightfood plans to continue developing the site as a model property and proof-of-concept for its integrated RaaS platform and hospitality asset management approach-one of many more to come.
“This transaction marks another milestone in Nightfood’s aggressive acquisition strategy, further expanding its footprint in hospitality real estate and smart-service automation,” the company observed. “The Victorville property utilizes Skytech’s robotic technologies to reduce operating costs and improve profitability.
Through these strategic acquisitions, Nightfood Holdings is not only expanding its operational capabilities but also reinforcing its position as a leader in the transition to a more modern and efficient hospitality sector as well as hotel management. By identifying and integrating complementary businesses, the company is poised to enhance its market position and deliver value to stakeholders.
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
About QualityStocks
QualityStocks (“QS”) is a specialized communications platform with a focus on private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, QS is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, QS brings its clients unparalleled recognition and brand awareness. QS is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-published: https://www.QualityStocks.com/Disclaimer
QualityStocks
Scottsdale, AZ
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
QualityStocks is powered by IBN