Haka Lodges sell into $500m ‘flashpacker’ hotel hybrid

Haka Lodge K Road, catalyst for new hybrid concept (Image: Supplied)

Thu, 09 Sep 2021

Ryan Sanders’ Haka Tourism Group will inject five New Zealand properties into the new Drifter Hospitality brand, a portfolio of hotels created with the backing of Sydney investment bank Barrenjoey.According to its ‘teaser’ investment pitch, Drifter will look to an initial A$75 million equity raise for the purchase of the existing backpacker Haka Lodges. These include the Ponsonby and Karangahape Rd properties in Auckland, as well as lodges in Paihia, Taupo and Queenstown. The group's other interests include Haka...

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