CoStar Group acquires hospitality benchmark Fairmas Benchmarking in Germany
Online real estate firm CoStar Group (NASDAQ:CSGP) said it had acquired Fairmas Benchmarking, a leading German hospitality benchmarking product, from Fairmas GmbH.
Fairmas Benchmarking was developed and launched in 2004 and is offered by Fairmas GmbH as part of a portfolio of financial software products for the hospitality industry.
The acquisition is an addition to CoStar Groupâs hospitality information and benchmarking business -Â STR.
STR Germany and Fairmas Benchmarking cover over 2,200 German hotels