Texas Triangle
Hotels for sale in Dallas, TX. Cap rates, comps, and brokers across DFW.
Dallas-Fort Worth is the largest hotel market in Texas by transaction volume. Corporate-driven weekday demand from Plano, Frisco, Las Colinas, and downtown Dallas is paired with strong group/convention demand at the Hyatt Regency Dallas and Omni Dallas. The DFW Airport hospitality cluster trades actively; Frisco and Plano sub-markets have been the most resilient through cycle resets.
Data as of , the Matthews Hotel Index, Q1 2026.
Active Matthews listings
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Recent Matthews closes
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MSA
Dallas-Fort Worth-Arlington MSA
Cap rate range (Q1 2026)
Stabilized PIP-current select-service: 7.75%–8.50%. Full-service urban: 7.25%–8.00%. Convention-adjacent full-service: 7.00%–7.75%.
Source: CBRE H2 2025 U.S. Cap Rate Survey, HVS U.S. Market Pulse, Matthews Hotel Markets internal underwriting (Q1 2026).
ADR + RevPAR commentary
DFW ADR sits around $130–$180 stabilized for select-service across the metro. Convention compression (Mavs games, State Fair, large conferences) drives event-week pricing power.
Source: STR (str.com) public press releases, AHLA State of the Industry, JLL Hotels Research (Q1 2026).
Dallas demand drivers
- Corporate (American Airlines HQ, ExxonMobil, AT&T, Toyota, McKesson)
- DFW International Airport hospitality cluster
- State Fair of Texas (October)
- Dallas Cowboys, Mavericks, Stars, Rangers (year-round event)
- Convention business (Kay Bailey Hutchison Convention Center, Frisco Star)
- Plano + Frisco corporate relocations
Recent Dallas closes by Matthews
Dallas hotel investment FAQ
- What is the current cap rate range for hotels in Dallas, TX?
- Stabilized PIP-current select-service: 7.75%–8.50%. Full-service urban: 7.25%–8.00%. Convention-adjacent full-service: 7.00%–7.75%. (Q1 2026). Ranges reflect stabilized, PIP-current assets across select-service, full-service, and where applicable resort/lifestyle. Cycle-trough resets, distressed assignments, and PIP-overhang trades clear at materially wider levels. Source: CBRE H2 2025 U.S. Cap Rate Survey, HVS U.S. Market Pulse, Matthews Hotel Markets internal underwriting.
- What are ADR and RevPAR doing in Dallas right now?
- DFW ADR sits around $130–$180 stabilized for select-service across the metro. Convention compression (Mavs games, State Fair, large conferences) drives event-week pricing power. STR press releases (str.com) and the AHLA State of the Industry are the public benchmarks we cite for ADR/occ/RevPAR. We supplement with internal underwriting on every active mandate.
- Who are the named demand drivers behind Dallas hotel performance?
- Corporate (American Airlines HQ, ExxonMobil, AT&T, Toyota, McKesson); DFW International Airport hospitality cluster; State Fair of Texas (October); Dallas Cowboys, Mavericks, Stars, Rangers (year-round event); Convention business (Kay Bailey Hutchison Convention Center, Frisco Star). Underwriting in this market keys on the diversification of those drivers. Concentration in any single demand source is a common reason a buyer haircuts a pro-forma RevPAR.
- Who at Matthews Hotel Markets covers Dallas?
- Our Dallas mandates are led by Luke Thompson and Nate Solomon. Direct contact info is on each broker's profile. For confidential disposition or acquisition conversations, reach the team at /contact.
- How long does a typical Dallas hotel disposition take?
- Matthews's published 24-week playbook applies in Dallas: engagement letter and BOV in weeks 1–4, OM and marketing launch in weeks 5–8, call-for-offers and finalist round in weeks 9–14, definitive agreement and closing in weeks 15–24. Construction-loan workouts and recap structures sometimes compress; PIP-cycle disputes can extend.