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Intrepid Travel to open its own branded hotels

Tuesday, 26 October 20213 min read
Intrepid Travel to open its own branded hotels

Intrepid Travel is going into the hotel business. Along with partner the Drifter Hospitality Group, Intrepid will raise $75 million to buy distressed hotel properties. The small group tour operator plans to snap up struggling hotels and convert them to the ‘Drifter – an Intrepid Hotel’ brand.

Drifter has a small portfolio of properties in New Zealand. Intrepid has a stake in Drifter’s tourism and accommodation operator Haka Tours, which manages its hotels.

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