Thayer Forms PE-Backed Hospitality Investment Venture

Law360, New York (June 1, 2012, 5:27 PM EDT) -- Hotel investment firm Thayer Lodging Group Inc. has created a private equity sponsor with venture capital firm Quest Hospitality Ventures that will help invest in growing tech companies in the $10 trillion global hospitality industry, the firms announced Friday.

Thayer Ventures, the private equity sponsor, will succeed Quest and sponsor investment funds that will invest in hospitality technology, making investments in 2013 from new investment funds, according to the companies.

"Just five sectors of the hospitality industry — travel, lodging, food service, cruise lines and gaming...
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