Texas Triangle
Hotels for sale in Houston, TX. Cap rates, comps, and brokers across the Houston MSA.
Houston is an energy-cycle-sensitive market with structural medical and convention demand that smooths the cycle. Texas Medical Center alone drives material year-round demand. The Galleria, Energy Corridor, downtown, and Woodlands sub-markets each have distinct buyer pools and underwriting profiles.
Active Matthews listings
0
Recent Matthews closes
2+
MSA
Houston-The Woodlands-Sugar Land MSA
Cap rate range (Q1 2026)
Stabilized PIP-current select-service: 7.75%–8.75% (energy-cycle premium). Full-service urban: 7.50%–8.25%. Convention/medical-adjacent: 7.25%–8.00%.
Source: CBRE H2 2025 U.S. Cap Rate Survey, HVS U.S. Market Pulse, Matthews Hotel Markets internal underwriting (Q1 2026).
ADR + RevPAR commentary
Houston ADR runs $110–$170 stabilized across select-service. Energy-cycle volatility is real but compressed in the most recent cycle as crude prices stabilized in 2025.
Source: STR (str.com) public press releases, AHLA State of the Industry, JLL Hotels Research (Q1 2026).
Houston demand drivers
- Texas Medical Center (year-round medical / patient-family demand)
- Energy Corridor (oil & gas corporate)
- Houston Ship Channel (industrial)
- Toyota Center, Minute Maid Park, NRG Stadium
- George R. Brown Convention Center
- Galleria retail district
Houston hotel investment FAQ
- What is the current cap rate range for hotels in Houston, TX?
- Stabilized PIP-current select-service: 7.75%–8.75% (energy-cycle premium). Full-service urban: 7.50%–8.25%. Convention/medical-adjacent: 7.25%–8.00%. (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 Houston right now?
- Houston ADR runs $110–$170 stabilized across select-service. Energy-cycle volatility is real but compressed in the most recent cycle as crude prices stabilized in 2025. 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 Houston hotel performance?
- Texas Medical Center (year-round medical / patient-family demand); Energy Corridor (oil & gas corporate); Houston Ship Channel (industrial); Toyota Center, Minute Maid Park, NRG Stadium; George R. Brown Convention Center. 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 Houston?
- Our Houston 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 Houston hotel disposition take?
- Matthews's published 24-week playbook applies in Houston — 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.