CoStar Group, the $22 billion giant most known for its data on office and retail properties, is making a big push into the hotel industry by acquiring one that industry’s largest research and analytics firms. CoStar has agreed to acquire Tennessee-based STR in a $450 million all-cash deal that is expected to close in the fourth quarter, the companies announced Tuesday. The Wall Street Journal first reported the news. “We’re trying to get really high-quality
source https://therealdeal.com/national/2019/10/01/costar-pushes-into-hotel-space-with-450m-acquisition-of-str/#new_tab
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