Nightfood Holdings, operating as TechForce Robotics, has completed the acquisition of Treasure Mountain Holdings, owner of the 120-room Hilton Garden Inn Rancho Mirage, Calif., for approximately $52.8 million. Other terms and conditions were not disclosed.
This transaction represents the company’s fifth acquisition in less than two years and marks a step in its transformation into a technology-driven enterprise. Nightfood Holdings acquires real estate assets that serve as live testing sites for its robotics platform.
CEO Jimmy Chan emphasized that this acquisition represents "another defining step" toward building a vertically integrated robotics ecosystem that combines cutting-edge automation innovation with the stability of asset-backed real estate and recurring revenue potential.
The company's Robotics-as-a-Service platform stands at the core of this transformation, targeting the hospitality sector as its initial market entry point. Nightfood's technology addresses critical industry challenges by automating heavy-duty, repetitive, dirty and injury-prone tasks that have become increasingly difficult to staff with human labor, according to the company. This strategic approach allows the company to use its hotel acquisitions as live deployment sites for robotics testing and operational benchmarking, creating AI-connected environments where service robots can be developed, refined, and demonstrated in real-world conditions.