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.
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 the most common reason a buyer haircuts our 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, the team responds within 24 hours.
- 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.