Hotels & Lodging Businesses for Sale in Texas.
The room revenue is obvious, but the businesses worth buying have membership programs, event bookings, and service contracts that keep cash flowing whether peak season is on or not.
Rejigg lists 1 hotels & lodging businesses for sale in Texas.
Featured Hotels & Lodging Businesses in Texas
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What to know about buying a hotels & lodging business in Texas
Houston, Dallas-Fort Worth, Austin and San Antonio carry most of the market: professional services, retail, home services, manufacturing, software, construction trades, healthcare and logistics, with energy services concentrated in Houston and the Permian Basin. Texas has no personal income tax but levies a franchise tax on margin for most entities above a revenue threshold. General contractor licensing is handled locally, while electricians, plumbers and HVAC contractors are licensed by the state. Non-compete agreements are enforceable within limits, and sales tax reaches some services. SBA 7(a) lending is active through many banks, with district offices in Dallas, Houston, San Antonio, El Paso, Lubbock and Harlingen.
How hotels & lodging businesses are valued
Asking prices are set as a multiple of earnings: 2.5x–8x annual profit, depending on contracts, team, and how much runs without you on-site.
Where you land in that range comes down to how much of your revenue is locked in through contracts or memberships versus depending on occupancy, and whether the business runs without you being there every day.
- Revenue that comes in whether rooms are full or not
- Contracts with properties that renew automatically
- A manager who handles the day-to-day
- Service across multiple locations
What buyers of hotels & lodging businesses look for
- Experienced hotel operators looking to add properties in new markets
- Companies building a portfolio of boutique or independent hospitality properties
- First-time buyers with management experience who are drawn to the hospitality industry
- Operators from related fields like property management, event venues, or restaurants
The first questions buyers ask:
- STR Metrics. How does the property perform on the scoreboard: occupancy, ADR, and RevPAR—and how do you compare to the comp set?
- Channel Mix. Where do your bookings really come from—brand, OTAs, direct, and groups—and what does each channel cost you?
- Capex & PIP. What condition is the building in, what will break next, and is there a PIP or brand-required work hanging over the property?
Rejigg deals closed in Texas
Across 41 closed deals on Rejigg, the median time from first pitch to close is 174 days.
See all Rejigg deal dataDue diligence
What to Look For
Practical guidance from hundreds of real acquisition conversations.
Revenue beyond room bookings
- Ask for monthly revenue broken out by source across at least two years: rooms, food and beverage, events, memberships, and other services.
- Properties with membership programs, event revenue, food and beverage, or long-term service contracts earn income that doesn't depend entirely on occupancy.
- A business that holds 40 or 50 percent of peak-season revenue through slow months is meaningfully more valuable than one that goes quiet for a season.
- Revenue from memberships and event bookings that return each year is what separates the businesses that command premium prices from those that don't.
Contracts and memberships with renewals
- Multi-year agreements with properties, clubs, or corporate accounts give buyers a floor of predictable cash flow that doesn't depend on guest counts.
- Ask what percentage of revenue is contractual versus dependent on occupancy and how that mix has trended.
- For membership programs, ask how many members there are, what the renewal rate is, and when they last visited the property.
- Documented renewal history with multiple clients or member cohorts is worth more per dollar than the same amount of occupancy revenue.
A general manager who handles operations
- Ask what the GM manages independently: guest relations, staff scheduling, vendor calls, maintenance escalations.
- The clearest signal that a hospitality business can transfer is a GM or operations manager who deals with guests, staff, and vendors without the owner on-site.
- Find out how long the GM has been in the role and whether they're expected to stay after the sale.
- If the owner handles every guest issue personally, the transition will be harder. Ask what gets escalated to the owner on a typical week.
Permits and licenses in order
- Ask for a complete list of permits and their expiration dates early in diligence: liquor licenses, health certifications, franchise agreements, and fire inspection records.
- A stale license or an unresolved violation can slow a closing significantly, and these details don't get easier to sort out under deadline pressure.
- Franchise transfers in particular can add time and require approval from the franchisor. Ask about the transfer process and any fees involved.
- A seller who has this documentation organized and current saves you time and signals a well-run operation.
Real estate clarity upfront
- Ask about the seller's preference on real estate in your first substantive conversation. Some include the property, others offer a long-term lease, and some want to handle it separately.
- This affects how you think about financing, the total capital required, and who might be interested in the deal.
- Knowing the answer early shapes everything that comes after. It's not a detail to sort out mid-diligence.
- Ask for comparable lease rates for similar properties in the area if real estate is not included, so you can model occupancy costs post-close.
Valuation
What Should You Expect to Pay?
2.5x-4x
SDE
Owner-operated, occupancy-dependent revenue
4x-8x
EBITDA
With GM, diversified revenue, and contracts or memberships in place
How much revenue is locked in through contracts, memberships, or recurring programs versus dependent on occupancy is the biggest factor separating the lower and upper ends of the range.
What drives a premium
Membership programs and event revenue that generate income year-round independent of occupancy
Multi-year contracts with properties or corporate accounts with documented renewal history
General manager who handles guest operations, staff, and vendor relationships without the owner
Permits, franchise agreements, and licenses all current and organized for transfer
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Make your next conversation count
A listing starts the conversation. These tools help you check the fit, understand the financials, and decide what to ask next.
Prepare for the first owner call
Clarify what is for sale, who runs the business, and what the owner wants from a transition.
Prepare your buyer introductionCheck the numbers behind the asking price
Explore financing scenarios, debt payments, and the cash a business needs to keep operating.
Try the SBA loan calculatorTurn interest into a clear next step
Use the diligence checklist and LOI templates to organize requests and prepare a proposal.
Explore the deal templatesFind a business worth a closer look
Keep your industry and location in focus. Explore matching businesses or get new listings as they arrive.