Research

Hotel investment research. Quarterly data, long-form analysis, market commentary.

The Matthews Hotel Index tracks cap rates, ADR, and RevPAR across fourteen U.S. hotel markets. Long-form insights cover capital markets, brand-flag economics, and disposition strategy.

Matthews Hotel Index

Q1 2026: cap rates, ADR, RevPAR across 14 markets

Cap rates compressed 25-50bps off the 2024 peak across Sun Belt select-service.

View the Q1 2026 dataset

Long-form insights

All insights

Outlook · May 2026
Texas Hotel Cap Rates Q2 2026: What Owners Should Expect
Where cap rates sit across Austin, Dallas-Fort Worth, Houston, and San Antonio, and how the second half of 2026 is likely to price.
White Paper · May 2026
Select-Service vs Full-Service Hotels: 2026 Capital Markets Outlook
Why select-service is the most-bid hospitality category in 2026, what full-service has to do to compete, and how owners should read the gap.
White Paper · May 2026
How Hotel Owners Should Navigate the 2026 Refinancing Wave
Roughly $30 billion of U.S. hotel CMBS matures by year-end 2027. The bridge-to-perm path, A/B note structures, and recap equity options owners should evaluate before the maturity calendar dictates the answer.
White Paper · May 2026
Sun Belt Hospitality Investment: Where the Capital Is Flowing in 2026
Texas, Tennessee, Georgia, Florida, North Carolina, and Arizona are absorbing the largest share of new hotel investment capital in 2026. The MSA-by-MSA breakdown of where bid pressure is tightest and what's driving it.
White Paper · May 2026
Hampton Inn / Holiday Inn Express / Marriott Select: 2026 Brand-Flag Cap Rate Guide
What stabilized select-service hotels actually trade for by flag, market tier, and PIP status in 2026.
White Paper · May 2026
The Complete Guide to Selling Your Hotel in 2026
A 24-week disposition playbook: from engagement letter through closing, with real timing benchmarks and fee structures.
White Paper · May 2026
Hotel CMBS Distress: How to Read the Trepp Public Data in 2026
A trade reader's guide to monthly delinquency, special servicing, modification vs. liquidation outcomes, and where the distressed hotel acquisition opportunity actually sits.
Outlook · May 2026
Hotel ADR + RevPAR Recovery: Market-by-Market 2026 Forecast
STR's first 2026 forecast puts U.S. RevPAR growth at 0.6 percent and ADR at 1.0 percent. Underneath that flat headline sits the widest market-by-market bifurcation of the cycle.