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CoStar Group to Acquire Hotel Data Provider STR for $450 Million

Deal Would Expand CoStar Services on $3 Trillion Hotel Asset Class

Hotels represent a commercial property asset class with a total value of about $3 trillion globally. (iStock)
Hotels represent a commercial property asset class with a total value of about $3 trillion globally. (iStock)

Commercial real estate data provider CoStar Group plans to purchase STR, a global hotel industry data and marketing insight company, for $450 million in cash.

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