Texas Hotel Market 2026: Houston, Dallas, San Antonio, Austin, Fort Worth and El Paso
The Hotelier Times · Lone Star Ledger
Six markets, one state, and every 2026 hotel sale we’ve tracked, from a $172 million foreclosure in Austin to a 49-room Best Western in the Panhandle.
Last updated: October 21, 2026 · Refreshed as new monthly data and transactions come in.
Texas has five of the country’s largest hotel markets, and in 2026 they’re heading in different directions. Fort Worth is the only major Texas city where hotel room revenue is growing year over year. Dallas, Austin and San Antonio are all dealing with the same three problems: convention centers that are closed or too small, new hotels opening into soft demand, and loans coming due. Lenders are now among the most active sellers in the state. In 2026 they’ve taken back The Line Austin, the Hyatt Centric on Congress Avenue and the Thompson San Antonio, and a court-appointed receiver sold a Holiday Inn in El Paso.
This page tracks the numbers by market and every Texas hotel sale logged in the Hotelier Times Transaction Tracker.
The RevPAR Roundup
Trailing 12-month RevPAR by city, through May 2026, with the change in room revenue from the prior 12 months.
Texas markets at a glance
| Market | Hotel rooms | Room revenue (TTM) | YoY change | RevPAR (TTM) | 2026 revenue, Jan–May |
|---|---|---|---|---|---|
| Houston | 68,260 | $1.85B | −4.5% | $74 | $877.3M |
| Austin | 37,013 | $1.57B | −3.2% | $116 | $714.6M |
| Dallas | 38,733 | $1.37B | −3.4% | $97 | $611.7M |
| San Antonio | 44,420 | $1.30B | −2.0% | $79 | $562.1M |
| Fort Worth | 18,302 | $582.6M | +6.5% | $87 | $269.4M |
| El Paso | 10,635 | $263.7M | −2.7% | $68 | $114.5M |
| Arlington | 8,248 | $243.2M | −1.7% | $81 | $98.9M |
Source: TexasHotelSearch analysis of Texas Comptroller hotel occupancy tax filings, trailing 12 months through May 2026. City-limits figures, self-reported by operators and unaudited; YoY changes exclude single-month filing anomalies TexasHotelSearch flagged. RevPAR is room revenue divided by registered rooms, so it won’t match STR or CoStar figures.
Austin brings in nearly as much room revenue as Houston with about half as many rooms, which is why its RevPAR leads the state even in a down year. San Antonio has more rooms than Dallas or Austin but earns less from each one. Fort Worth is the only city here that’s growing.
Space City
Houston
The biggest market in Texas, and room rates are rising.
Houston First reports August 2026 RevPAR of $64 (up just over 1%) and year-to-date RevPAR of $78 (up 6%) through August. Statewide tax filings show Houston’s first-quarter room receipts up 11.8% year over year. Houston also led the country in active renovation and brand-conversion projects in the second quarter, with 35.
Full Houston market report: performance, submarkets and hotels for sale →
Houston transactions, 2026
| Date | Hotel | City | Keys | Price | Per key | Buyer / seller |
|---|---|---|---|---|---|---|
| Oct 19, 2026 | Holiday Inn Express & Suites Katy | Katy | 97 | Not disclosed | — | Nabli Hospitality from 21010 Katy Freeway LLC; brokered by HVS |
| Sep 14, 2026 | Best Western Houston Bush IAH Intercontinental Airport Inn | Humble | 52 | Not disclosed | — | TAK Hospitality from Nataraja LLC; seller represented by HVS |
| May 8, 2026 | DoubleTree by Hilton Galveston Beach | Galveston | 97 | Not disclosed | — | DreamScape Hospitality (Sugar Land) from Island Famous / Dennis Byrd |
| May 4, 2026 | The Moran CityCentre | Houston | 244 | Not disclosed | — | MetroNational with Rockbridge |
| Jan 13, 2026 | St. Regis Houston (to become The Houston Grand Hotel) | Houston | 232 | $51.0M | $219,828 | Saddlebrook Equity & Management from Host Hotels & Resorts |
Alamo City
San Antonio
Remember the room nights: plenty of rooms, flat demand, and downtown is struggling.
Visit San Antonio reports RevPAR flat at $82 through June, with occupancy up 1.3% and ADR down 1.3%. Downtown is the weak spot. Source Strategies put downtown occupancy at 63.5% in the first quarter, 15.3% below 2019, and new downtown hotels like the Monarch at Hemisfair and the Kimpton Santo are still opening.
The convention center is running at about 72% occupancy, which Visit San Antonio considers effectively full. Without an expansion, the bureau says bookings for years after 2030 have fallen by more than half. The Thompson San Antonio shows how the cycle has played out: lenders took it at a March foreclosure auction with a $40.6M credit bid and sold it in October for $41M.
San Antonio transactions, 2026
| Date | Hotel | City | Keys | Price | Per key | Buyer / seller |
|---|---|---|---|---|---|---|
| Oct 15, 2026 | Thompson San Antonio | San Antonio | 162 | $41.0M | $253,086 | The Loren Group from Sunrise Realty Trust & Southern Realty Trust ($32M seller financing) |
| Aug 25, 2026 | AC Hotel & Element San Antonio Riverwalk | San Antonio | 343 | Not disclosed | — | Highline Hospitality Partners |
| Mar 25, 2026 | Aloft San Antonio Airport | San Antonio | 141 | Not disclosed | — | Armanda Investments from Corebridge Real Estate Investors; brokered by Hunter Advisors |
Big D
Dallas
The biggest hotel pipeline in America, a convention center under construction, and a World Cup bump.
Dallas has the largest hotel development pipeline in the U.S., with 184 projects and 22,861 rooms, including 4,111 rooms under construction at the end of the second quarter. The $3.8B rebuild of the Kay Bailey Hutchison Convention Center has been disrupting citywide meetings since 2025, and it isn’t expected to fully reopen until 2030.
HVS reports downtown ADR declined from January to April, then rose about 25% in both June and July as the World Cup came to town. CoStar had Dallas RevPAR up 27.2% during the June 11–27 match period, the third-biggest gain among host cities. REITs are selling: Ashford sold the Embassy Suites Near the Galleria and RLJ sold the Embassy Suites Love Field.
Dallas transactions, 2026
| Date | Hotel | City | Keys | Price | Per key | Buyer / seller |
|---|---|---|---|---|---|---|
| May 13, 2026 | Embassy Suites by Hilton Dallas Near the Galleria | Dallas | 150 | Not disclosed | — | Sold by Ashford Hospitality Trust; brokered by Hunter Advisors |
| Mar 24, 2026 | Embassy Suites Dallas Love Field | Dallas | 248 | Not disclosed | — | Scenic Capital Advisors from RLJ Lodging Trust |
| Mar 24, 2026 | Aloft Las Colinas | Irving | 136 | Not disclosed | — | TRH Hospitality Las Colinas Realty LLC from Corebridge Real Estate Investors; brokered by Hunter Advisors |
Live Music Capital
Austin
Keep Austin refinanced. Still the highest RevPAR in Texas, but it’s falling, and lenders are taking hotels back.
Austin’s room revenue fell 3.2% over the 12 months through May. The Austin Convention Center closed in April 2025 and won’t reopen until 2029, while about 1,600 new downtown rooms open this year.
Lenders took back two downtown hotels at a single June foreclosure auction: JP Morgan took The Line with a $172M credit bid, and a Peachtree Group affiliate took the Hyatt Centric for $50.5M. Big events still fill the city. Visit Austin expected 92% to 95% citywide occupancy for Formula One weekend in October.
Austin transactions, 2026
| Date | Hotel | City | Keys | Price | Per key | Buyer / seller |
|---|---|---|---|---|---|---|
| Oct 15, 2026 | TownePlace Suites Austin South | Austin | 103 | Not disclosed | — | West Coast buyer; brokered by HREC Investment Advisors |
| Jun 29, 2026 | Hilton Garden Inn Austin Downtown | Austin | 254 | Not disclosed | — | JMI Realty from Ashford Hospitality Trust |
| Jun 2, 2026 | The Line AustinForeclosure | Austin | 428 | $172.0M | $401,869 | JP Morgan (lender) credit bid at foreclosure auction |
| Jun 2, 2026 | Hyatt Centric Congress Avenue AustinForeclosure | Austin | Not stated | $50.5M | — | Peachtree Group affiliate (lender) at foreclosure auction, from Realberry |
Where the West Begins
Fort Worth / Arlington
The strongest big-city market in Texas, and the only one growing room revenue.
Fort Worth’s room revenue rose 6.5% over the 12 months through May, the only gain among the major cities, and the city added 751 rooms over the same period. Downtown Fort Worth Inc. reports 12-month downtown occupancy steady at 69% and ADR of $180 (down 2%) through the end of 2025. The first phase of the $700M convention center expansion arrives in 2026.
Arlington, home of the World Cup matches at AT&T Stadium, was down 1.7%. The biggest deal in the area is the airport buying its own hotel: DFW Airport’s facility corporation approved a $193.7M purchase of the 811-room Hyatt Regency in July, pending city approvals.
Fort Worth / Arlington transactions, 2026
| Date | Hotel | City | Keys | Price | Per key | Buyer / seller |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Hyatt Regency DFW International Airport (East Tower)Pending | DFW Airport | 811 | $193.7M | $238,779 | DFW Airport's Public Facility Improvement Corp. from Woodbine Development (pending city approvals) |
| Apr 30, 2026 | Courtyard & Residence Inn Arlington SouthPending | Arlington | 199 | $19.0M | $95,477 | Under contract; seller Summit Hotel Properties (5.0% cap) |
| Mar 17, 2026 | Hilton DFW Lakes Executive Conference Center | Grapevine | 397 | Not disclosed | — | Highline Hospitality Partners |
Sun City
El Paso
Out west on its own clock, with a recovery that started early this year.
El Paso’s revenue was down 2.7% over 12 months, but January through May came in about 11% ahead of the same months in 2025. Demand comes from Fort Bliss, cross-border business with Ciudad Juárez, and UTEP. A court-appointed receiver sold the Holiday Inn El Paso West in October.
El Paso transactions, 2026
| Date | Hotel | City | Keys | Price | Per key | Buyer / seller |
|---|---|---|---|---|---|---|
| Oct 16, 2026 | Holiday Inn El Paso West – Sunland ParkReceivership | El Paso | 175 | Not disclosed | — | Local hotelier from a court-appointed receiver; brokered by Alchemy |
Out in the Patch
Elsewhere in Texas
Permian, Panhandle, Piney Woods and Big Bend: the deals that never make the national trades.
| Date | Hotel | City | Keys | Price | Per key | Buyer / seller |
|---|---|---|---|---|---|---|
| Oct 19, 2026 | Baymont by Wyndham Midland | Midland | 79 | Not disclosed | — | Icon Lodging from a private credit fund; brokered by Marcus & Millichap |
| Sep 21, 2026 | Holiday Inn Express & Suites Temple | Temple | 71 | Not disclosed | — | Brokered by Marcus & Millichap |
| Jun 29, 2026 | Best Western Plus Clarendon | Clarendon | 49 | Not disclosed | — | Brokered by Marcus & Millichap |
| Mar 25, 2026 | Byways Portfolio (Holland Hotel, Hotel Limpia, Maverick Inn) | Alpine / Fort Davis | 78 | Not disclosed | — | Acquisition financed by Peachtree Group ($12M bridge + $6M C-PACE) |
| Mar 23, 2026 | Best Western Pecos | Pecos | 107 | Not disclosed | — | Private investor group from Catering of Central Texas LLC; brokered by Marcus & Millichap |
| Mar 11, 2026 | Super 8 by Wyndham Stanton | Stanton | 50 | Not disclosed | — | Houston-based private partnership from LIG Hotels; brokered by Marcus & Millichap |
| Feb 2026 | Hilton Garden Inn Longview | Longview | 122 | $12.3M | $100,820 | Sold by Summit Hotel Properties / GIC JV (6.8% cap) |
Know of a Texas hotel sale we missed? Send it to the Transactions Desk.
What’s driving Texas
Dallas won’t fully reopen until 2030 and Austin until 2029, while San Antonio is nearly out of space. That’s a lot of group business lost or capped across Texas’s biggest markets for years.
Dallas has the nation’s largest pipeline, about 1,600 new downtown rooms open in Austin this year, and San Antonio has more than 600 new downtown rooms this year with about 2,000 more planned through 2028.
Three luxury or lifestyle hotels in Austin and San Antonio went back to lenders in 2026, and in San Antonio the lender has already sold its hotel back into the market. Expect more of these as loans written in 2023 and 2024 come due.
Host, Summit, Ashford, RLJ and Corebridge have all sold Texas hotels this year.
Disclosed 2026 prices run from about $95,000 a key for select-service hotels in Arlington to more than $400,000 for The Line Austin.
Dallas RevPAR jumped 27.2% during the June match period. The test now is whether that momentum lasts into the fourth quarter.
The 20% appraisal cap goes away when a hotel sells, so anyone buying should check what the next tax bill will look like. See our Texas hotel property tax guide.
Sources
- TexasHotelSearch market pages (Houston, San Antonio, Dallas, Austin, Fort Worth, Arlington, El Paso), Texas Comptroller filings, TTM through May 2026
- Houston First, August 2026 hotel performance (Sept. 28, 2026)
- Capital Analytics Associates, San Antonio hotel market bets on group business (Oct. 20, 2026)
- San Antonio Current, Is downtown going dark? (Apr. 1, 2026)
- The Real Deal, San Antonio hotel slump deepens (Mar. 13, 2026)
- HVS via Hotel Online, A Market in Transition: The Future of Downtown Dallas Hotels (Oct. 7, 2026)
- Hotel Dive, Hotels in World Cup host cities exceed RevPAR forecast (July 6, 2026)
- Cornovus Capital, Southwest Hospitality Market Report Q2 2026 (Oct. 9, 2026)
- Downtown Fort Worth Inc., Hotel Summary
- Hoodline, Austin hotels brace for 95% occupancy for Formula One weekend (Oct. 2026)
- The Real Deal, The Line, Hyatt Centric go back to lenders at auction (June 3, 2026)
- The Real Deal, DFW Airport close to landing Hyatt Regency (July 31, 2026)
- The Real Deal, Corebridge sells San Antonio, Las Colinas Aloft hotels (Apr. 9, 2026)
- The Real Deal, Dallas airport hotels draw investment (Mar. 24, 2026)
- Lodging, Hunter Advisors sells Embassy Suites Dallas Near the Galleria (May 13, 2026)
- Hotel Management, Ashford sells Austin Hilton to JMI Realty (June 29, 2026)
- Galveston County Daily News, Sugar Land group buys Galveston seawall hotel (May 8, 2026)
- Hotel Management, Peachtree supports Texas portfolio acquisition (Mar. 25, 2026)
- Hotel Investment Today, Highline acquires Hilton DFW Lakes (Mar. 17, 2026)
- Marcus & Millichap via REBusinessOnline and REjournals: Pecos (Mar. 23), Stanton (Mar. 11), Clarendon (June 29), Temple, Midland
- U.S. Census Bureau, Vintage 2025 city population estimates (May 14, 2026)
- Plus the transaction sources listed on the Houston market page
Other hotel market reports: Houston · Florida · Phoenix · Nashville · Hotel Deal Map