Property

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

Brent Melville
Thu, 09 Sep 2021

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

Brent Melville
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...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News vie email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Retail Analysis

The chips are down: supermarkets off to shaky start

Pattrick Smellie | Thu, 21 Oct 2021

Supermarket owners struggled to address the questions the Commerce Commission put to them on the first day of the hearings on grocery market competition.

Primary Sector

A2 Milk may face second class action claim

Rebecca Howard | Thu, 21 Oct 2021

Hundreds of shareholders have already registered interest in a class action claim in Australia.

Property

Auckland Airport takes aim at 'rushed' rent relief

Brent Melville | Thu, 21 Oct 2021

The airport has already paid out more than $185 million in rent relief to its tenants, and says proposed government changes need to be targeted for those who need it.

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

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team