Hospitality · NAICS 721110

Hotel / Motel Valuation Multiples (2026)

Hotel valuations are real-estate-driven and tied to RevPAR vs comp set. Recently renovated, well-flagged hotels in growing markets command 2.2× revenue and 9× EBITDA.

SDE multiple
3.2–5×
EBITDA multiple
5.5–9×
Revenue multiple
1.5×
1–2.2×

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Industry: Hotel / Motel · Hospitality

Premium drivers

  • Strong RevPAR vs comp set
  • Long-term franchise flag
  • Recent renovation / PIP completed
  • Diverse guest mix (corporate + leisure)

Discount drivers

  • Pending PIP / required CapEx
  • Distressed corridor / declining market
  • Aging mechanical systems
  • Limited online distribution

Who buys hotel / motel?

REIT, hotel franchise group, PE-backed hospitality platform, or strategic operator

Typical timeline + revenue band

  • Days to close: 120240
  • Revenue band these multiples apply to: $1.00M$10.00M
  • NAICS: 721110 (Hospitality)

5 levers that lift your Hotel / Motel multiple by 30-50%

  1. 1
    Lock in recurring revenue
    Convert the top of your hotel / motel revenue stack into multi-year contracts, retainers, or auto-renewing subscriptions. Buyers pay 25-40% more for revenue they don't have to re-win every quarter.
  2. 2
    De-risk customer concentration
    Aim for no single customer above 15% of revenue. If you have a > 25% client, get them on a multi-year master services agreement before going to market.
  3. 3
    Document the business out of the owner
    REIT, hotel franchise group, PE-backed hospitality platform, or strategic operator will discount aggressively for any function that lives in the owner's head — sales, key vendor relationships, pricing, hiring. Run the next 90 days like the owner is on a 6-week vacation.
  4. 4
    Clean up the financials
    Get a Quality of Earnings-ready trailing 12 months: GAAP-aligned, owner add-backs documented, no commingled personal expenses. This alone moves the multiple 0.5-1.0× upward in this category.
  5. 5
    Match the deal to the right buyer pool
    PE-backed roll-ups, strategic acquirers, and ETA buyers compete on different terms. List with someone who has run a process for hotel / motel acquisitions — generic SMB brokers will leave 20%+ on the table.
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FAQ — Hotel / Motel valuations

What's a typical hotel / motel valuation multiple?

Typical hotel / motel valuations land near 4× SDE, 7× EBITDA, or 1.5× revenue. Strong operators reach 5× SDE / 9× EBITDA / 2.2× revenue, while weaker operators stay closer to 3.2× SDE / 5.5× EBITDA / 1× revenue.

How long does it take to sell a hotel / motel?

Most hotel / motel deals close in 120–240 days from listing. Strong operators with clean financials and a documented buyer pool close on the lower end.

Who buys a hotel / motel business?

REIT, hotel franchise group, PE-backed hospitality platform, or strategic operator

What pushes a hotel / motel valuation to the high end?

Strong RevPAR vs comp set. Long-term franchise flag. Recent renovation / PIP completed. Diverse guest mix (corporate + leisure).

What forces a discount when selling a hotel / motel?

Pending PIP / required CapEx. Distressed corridor / declining market. Aging mechanical systems. Limited online distribution.