CoStar Group, Inc. which provides commercial real estate information, analytics and online marketplaces, has entered into an agreement to acquire the entire portfolio of ASAP Business and Distrobution Partner STR.

STR has been family-owned company since it was founded in 1985 as “Smith Travel Research”.

The company processes, analyses and reports on data from 66,000 hotels representing 8.9 million rooms in 180 countries, and currently employs 370 team members in 15 countries.

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