HotelTonight, a mobile app for last-minute hotel bookings, said it has received an equity investment from Barry Sternlicht, the CEO of investment firm Starwood Capital Group.
Sternlicht also is the founder and former CEO of Starwood Hotels & Resorts.
HotelTonight didn’t disclose the amount Sternlicht invested or his percentage stake in the company, though HotelTonight did say that Sternlicht’s investment was the largest by an individual.
HotelTonight’s other individual investors include former Expedia CEOs Rich Barton and Erik Blachford. The company has raised more than $80 million since its founding in early 2011.
In other news, HotelTonight said it has reached distribution agreements with several hotel companies: InterContinental Hotels Group , Hyatt Hotels, Best Western International, Kimpton Hotels & Restaurants, FRHI Hotels & Resorts (parent of Fairmont, Raffles and Swissotel), La Quinta Inn & Suites, Barcelo Hotels & Resorts and Steigenberger Hotel Group.
San Francisco-based HotelTonight said that distribution agreements with other hotel companies would be announced “soon.”
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