CoStar Group $450 million acquisition of STR

3/10/2019

Private acquisition

Value:

$ 450 million

Status:

Announced

Date:

3/10/2019

Overview:

Commercial real estate information, analytics and online marketplace CoStar Group acquired STR, a benchmark and analytics platform for the hospitality industry for $450 million cash.
The deal is expected to close Q4 2019 and is one of the largest hotel industry transactions of 2019.

Chynna Lewis – Researcher

Jurisdictions:

United States
Tennessee

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

United States

Industry sectors:

Real estate
Tourism

Firms:

Baker Donelson Bearman Caldwell & Berkowitz

Party: STR (Target)

Lawyer: Joel Buckberg

Weil Gotshal & Manges

Party: CoStar Group (Acquirer)

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