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STR: U.S. hotel performance improves in the third week of September

Norfolk/Virginia Beach reported the highest occupancy increase

STR: U.S. hotel performance improves in the third week of September

PERFORMANCE OF U.S. hotels improved in the third week of September compared to the week before and also when compared to 2019, according to STR.

Occupancy was 69.6 percent for the week ending Sept. 17, up from 61.7 percent the week before and decreased 2.4 percent from 2019. ADR was $155.58 for the week, increased from $146.80 the week before and increased 15.6 percent from three years ago. RevPAR reached $108.25 during the week, up from $90.50 the week before and improved 12.9 percent from 2019.


Among STR’s top 25 markets, Norfolk/Virginia Beach reported the highest occupancy increase during the week, up 6.6 percent to 70.9 percent, over 2019. Miami reported the largest ADR gain, increased 30.7 percent to $177.10, over 2019.

The steepest RevPAR declines were in San Francisco, down 23.1 percent to $203.27, followed by Houston, dipped 13 percent to $63.58.

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Peachtree closes $3B in credit, $538M CPACE
Photo credit: Peachtree Group

Peachtree closes $3B in credit, $538M CPACE

Summary:

  • Peachtree deployed $3B in credit transactions and closed 31 CPACE deals totaling $538.2M.
  • It entered private credit in 2010 and offers loans, CPACE, mezzanine and preferred equity.
  • The firm also deployed over $2B across non-hospitality sectors.

PEACHTREE GROUP DEPLOYED $3 billion in credit transactions in 2025, an 86.8 percent increase from 2024 and closed 31 CPACE transactions totaling $538.2 million. The firm also expanded its government lending platform, including USDA and other federally guaranteed programs, to support sponsors across asset types and capital needs.

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