Hotel investment company Thayer Lodging Group and venture capital firm Quest Hospitality Ventures have partnered to form a private equity sponsor.
Thayer Ventures, which will be the successor of Quest Hospitality Ventures, will focus on sponsoring funds investing in emerging technology companies in the global hospitality industry.
Now part of Thayer Lodging Group’s family of funds, Thayer Ventures expects to begin making investments in 2013.
Based in San Francisco, it is managed by general partners Mark Farrell, Chris Hemmeter and Lucien Ruby – the original founders and managing directors of Quest Hospitality Ventures – and general partner Jeff Jackson, former CFO of Sabre Holdings.
Leland Pillsbury, Fredrick V. Malek, Bruce Wiles and George Dabney, each managing principals of Thayer Lodging Group, will serve as senior advisors to Thayer Ventures and its sponsored funds.