Intrepid Travel invests in CABN

Tuesday, May 10, 2022 0

Intrepid Travel will buy a AUD7.85 million equity stake in accommodation platform CABN.

The investment will help deliver more than 70 off-grid, sustainable cabins across Australia by 2023.

CABN’s current experiences include 11 minimalist escapes in some of Australia’s most stunning locations.

Each cabin is built from predominantly locally sourced and sustainable materials.

Their unique design allows guests to immerse themselves in nature.

Intrepid Travel’s investment will allow CABN to keep up with with an expected increase of annual room nights from 4,000 to 26,000 across Australia.

“There is clear alignment across our shared commitment to sustainability, the environment and Indigenous culture,” said Michael Lamprell, CEO of CABN.

The launch of multi-cabin retreat projects across Australia is planned for the future.

This includes the recently announced CABN site with the Hans Heysen Foundation at the Cedars in Hahndorf, South Australia, and the Myponga Reservoir project.

The partnership between the two Australian-based companies will allow for an increase in the vertical integration of Intrepid’s business.

CABN will continue to be run by Michael Lamprell in partnership with Intrepid.

Related News Stories :   Hyatt debuts Caption brand     Marriott Mauritius hotels appoint Director of Sales & Marketing     Radisson Individuals lands in Central Asia     Tripadvisor names new CEO     Hotelbeds partners with Minor Hotels Australia and New Zealand     Radisson plans to sign 330 hotels in 2022



Learn more about :   Intrepid Travel ( Asia Pecific )  

profileimage

Ray Monty



Most Read

ITA Airways are expanding, Andrew Bunn UKI and Nordics Manager explains

Pierfrancesco Carino VP International Sales of ITA Airways explains the strategy for the airline

Antigua and Barbuda Update on What’s New in the Hotel Sector

Get a sneak peak at the Antigua and Barbuda’s Vision 2032

Diversity within DMO’s and the European influence - We speak to Destinations International

Western Australia is open for business and we speak to Roger Cook Deputy PM of the state and MOT

Buy Now Pay Later Travel Customers Are Demanding It

Dana Young of Visit Florida turns the tables on Graham as they discuss visiting the Sunshine State

Buy Now Pay Later Travel: Customers are Demanding it

Thailand is now fully opened: Learn all about it from Markland Blaiklock, head of Centara Hotels

Crypto Payments For Travel What You What To Know

Chris King of Lightning Recruitment speaks about the issues surrounding hiring talent

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari