Nightfood signs LOI to acquire Hilton Garden Inn near Disney's Cotino for $36.9M

NightFood Holdings, Inc.

Deal valued at $36.93M for 120-room property (expandable to 125) in Rancho Mirage, CA.
Equity consideration: $26.43M in Series C Convertible Preferred Stock via tax-free exchange.
Earn-out: additional $3M in Series C shares on completion of five new guest rooms.
Closing conditions include two years audited financials, NASDAQ or NYSE American uplisting, and mortgage satisfaction (max $10.5M).
Property adjacent to Disney's Cotino community; plans to showcase AI-powered RaaS platform.

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