CoStar Agrees to Buy Hotel Data Firm STR
Wall Street Journal, Oct. 1, 2019–Peter Grant (subscription)
CoStar Group Inc., which has built a multibillion-dollar business out of selling commercial real estate data, is making its biggest push so far into the hotel business by agreeing to pay $450 million in cash for STR, one of the world’s largest hotel data firms, the companies said Tuesday.
