Hersha, which has offices in Harrisburg and Philadelphia, said in February it closed on the sale of 14 of the 18 hotels to SOF-VIII U.S. Hotel Co-Invest Holdings LP, or SOF VIII, an affiliate of Connecticut-based Starwood Capital Group.

The company closed May 8 on the sale of the last four to SOF VIII, according to the filing.

The sale of the four properties generated net cash proceeds for Hersha of about $13.9 million, reduced consolidated mortgage debt by about $18.8 million and reduced proportionate share of unconsolidated mortgage debt by about $4.6 million, the filing stated.

The remaining hotels included Residence Inn locations in Mystic, Conn.; North Dartmouth, Mass.; and Williamsburg, Va., and a Springhill Suites in Williamsburg, Va., according to regulatory filings.

Starwood Capital Group owns an interest of about 49.9 percent in Hersha Hospitality Management LP, the third-party manager of 55 Hersha hotels as of a regulatory filing in February.

Certain Hersha officers and trustees own an interest in Hersha Hospitality Management, according to the filing.