Sherman, Texas hotel market

Grayson County · Measured room revenue from state hotel occupancy tax filings, through May 2026.

$14.6M
Room revenue, trailing 12 months
-1.5%
vs prior 12 months
$40
Market RevPAR, TTM*
12
Hotels filing room tax
1,007
Registry rooms
-164
Rooms added YoY
10.7%
Short-term-rental share
Demand momentumFlatSupply pressureContractingDemand durabilityStableSTR spilloverLowData confidenceMedium

Quarterly hotel room revenue

state filings
$2.0M$4.0M2017 Q1: $2,072,63820172017 Q2: $2,182,5302017 Q3: $2,218,1452017 Q4: $2,345,3452018 Q1: $2,403,94320182018 Q2: $2,394,0252018 Q3: $2,309,1172018 Q4: $2,201,3282019 Q1: $2,180,28220192019 Q2: $2,464,3222019 Q3: $2,548,4372019 Q4: $2,394,9872020 Q1: $2,286,13520202020 Q2: $1,964,6362020 Q3: $2,175,1962020 Q4: $2,144,0192021 Q1: $2,376,39320212021 Q2: $2,978,8822021 Q3: $3,098,8242021 Q4: $2,755,7392022 Q1: $2,831,37220222022 Q2: $3,363,4262022 Q3: $3,389,7372022 Q4: $2,900,6542023 Q1: $2,667,36920232023 Q2: $3,431,4212023 Q3: $3,177,7892023 Q4: $2,893,1022024 Q1: $2,925,59620242024 Q2: $3,469,7592024 Q3: $3,789,3122024 Q4: $3,691,1072025 Q1: $3,584,17120252025 Q2: $4,063,6802025 Q3: $4,059,0972025 Q4: $3,258,7552026 Q1: $3,532,0042026$3.5M

Room receipts reported by Sherman hotels to the Texas Comptroller, summed by calendar quarter so monthly and quarterly filers land in the same buckets. Short-term rentals are excluded and measured separately. *Market RevPAR divides trailing revenue by registry rooms x 365; registry capacity can lag renovations.

Short-term-rental share

measured
5%10%15%2017: 0.1% STR share'172018: 0.5% STR share2019: 0.9% STR share'192020: 1.1% STR share2021: 2.6% STR share'212022: 3.1% STR share2023: 5.9% STR share'232024: 6.6% STR share2025: 9.1% STR share'252026: 12% STR share (5 months)12%

STR share of all measured lodging revenue: platform remittances (Airbnb, Vrbo, Vacasa) plus individually permitted hosts and rental managers. Open dots are partial years.

Hotels in Sherman

15 filing locations
15 hotelsCombined TTM $14.6MMedian $/key $8kMedian YoY -37.5%
HotelBrand familyRoomsFY2025 revenueTTM revenue$/keyYoY
P&N Sherman LLCIndependent83$3.6M$3.5M$42kScreen
Courtyard By MarriottnewMarriott117$380k (2mo)$1.8M (7mo)Screen
Quality Suites ShermanIndependent67$1.4M$1.3M$20kScreen
Hampton InnHilton69$1.8M$1.3M$19k-23.7%Screen
Sherman InnIndependent96$1.2M$1.2M$13kScreen
La Quinta Inn And SuitesWyndham115$1.7M$1.0M$9k-49.6%Screen
Holiday Inn ShermanIHG84$1.9M (10mo)$1.0M (6mo)Screen
Days Inn 32921Wyndham151$1.2M$1.0M$7k-50.9%Screen
Lonestar InnIndependent140$921k$962k$7kScreen
Srtx Associates LLCnewIndependent84$7k (3mo)$562k (8mo)Screen

Every hotel and motel filing state room tax in Sherman, ranked by trailing-12-month reported receipts. Brand and tier are read from the filing name; $/key divides TTM revenue by registry rooms. Quarterly filers report at quarter granularity, so their trailing windows can lag by up to two months.

Supply pipeline

measured + verified reports
Registry rooms 1,007Added YoY -164New filing locations 3
Began filingCourtyard By Marriott · 117 keys · first filings within the trailing year
Began filingSrtx Associates LLC · 84 keys · first filings within the trailing year
Began filingDarm Sherman Hospitality LLC · 69 keys · first filings within the trailing year

Measured entries come from state tax registrations (a hotel appears when it starts filing room tax). Named pipeline entries are individually verified against reporting or the TDLR construction registry; room counts are never estimated.

Hotels vs short-term rentals

measured · state filings
YearHotel revenueSTR revenueSTR share
2026 (5mo)$5.9M$806k12%
2025$15.0M$1.5M9.1%
2024$13.9M$984k6.6%
2023$12.2M$763k5.9%
2022$12.5M$406k3.1%
2021$11.2M$300k2.6%
2020$8.6M$98k1.1%
2019$9.6M$90k0.9%
2018$9.3M$50k0.5%
2017$8.8M$6k0.1%

Short-term-rental revenue combines platform remittances (Airbnb, Vrbo and similar file one aggregate per city) and individually permitted hosts and rental managers. Revenue is measured; listing counts are not derivable from tax filings.

Grayson County context

Census ACS + CBP
Population (2023)139,988 · +15.4% since 2013
Median household income$70,455 · was $46,429 in 2013
Median age39.4
Health care and social assistance8,248 employed · 387 establishments
Accommodation and food services4,898 employed · 260 establishments
Construction2,371 employed · 302 establishments
Administrative and support and waste management and remediation services2,238 employed · 123 establishments

American Community Survey 5-year estimates and County Business Patterns, county level. Employment counts are private-sector payroll establishments.

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A screening turns one property's public record into a cited report: monthly revenue back to 2017, ownership and franchise research, competitive set, hazard history, and the market context on this page. New accounts get 3 free screenings.

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Methodology. Measured from TX Comptroller hotel occupancy tax filings. Corporate housing operators, condo/HOA rental regimes, RV parks, and vacation-rental managers are classified out of the hotel universe by name; hand corrections via override_class win over the computed class. Self-reported and unaudited; amended filings restate history. Registry room capacity can lag renovations. Growth figures need full 12-month coverage in both years; partial-coverage locations show revenue but no growth rate. Quarterly filers are included at quarter granularity: their trailing windows can lag monthly filers by up to two months. Market growth rates substitute a typical month for detector-flagged single-month filing anomalies (amended filings lumped into one month); raw revenue totals stay as filed. Registry room counts that are impossible for the building (a re-registered permit filing 18,872 units against 188) fall back to the last plausible count filed at the same address, or are withheld from room totals when no such filing exists. Room and hotel counts are per building: when a hotel changes filing entities, its co-located registrations count once, at the most recently seen plausible room count, while revenue sums across every filer. Platform rows are city-level aggregates remitted by booking platforms (Airbnb, Vrbo/HomeAway, and similar) under marketplace agreements; they carry real revenue but placeholder unit counts, so listing counts are NOT derivable from this data. Individual-filer figures capture hosts with their own tax permits plus vacation-rental managers and condo rental programs classified by name (one manager can file many locations under one permit); corporate housing operators and RV parks are excluded from both sides. A host who files individually may also have some bookings remitted by a platform, so minor double counting is possible. The small-property heuristic (<=4 units) can misclassify tiny B&Bs or motels. All figures are self-reported, unaudited, and restated by amended filings. Figures are our interpretation of public state records and are not a valuation or investment advice.

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