China Lodging Group invests in Starway Hotels: China Lodging recently completed an investment in Hong Kong-based Starway to own a majority stake.
Sonesta announces New Jersey property: A new extended stay hotel, the 150-room Sonesta ES Suites Parsippany, is scheduled to come under Sonesta management July 30. The hotel is currently known as the Staybridge Suites Parsippany.
Thayer Ventures to finance hospitality technology startups: Thayer Lodging Group and Quest Hospitality Ventures have affiliated to form Thayer Ventures, the successor of Quest Hospitality Ventures, that will focus on sponsoring investment funds for emerging technology companies in the global hospitality industry.