Venture capital funds bulk up for hospitality technology disruption
Two investment funds with a focus on hospitality technology are partnering to get in on all the forecasted disruption.
Venture capital funds don’t like it when everything goes smoothly and so two investment funds with a focus on hospitality technology are partnering to get in on all the forecasted disruption.
The new affiliation between Thayer Lodging Group, which has invested in more than 100 hotels and owns Interstate Hotels & Resorts, and Quest Hospitality Ventures (Hipmunk, Nor1, hotelme.com) will be called Thayer Ventures and it will be the successor to Quest Hospitality Ventures.
The focus of the fund will be “emerging technology companies, mobile distribution and consumer services, Big Data and analytics, social/distribution, energy technologies, group distribution and international,” says Christopher Hemmeter, managing director at Thayer, adding: