Hersha Hospitality Trust (NYSE:HT) signed a definitive agreement to sell Courtyard Alexandria for $49.5 million on September 13, 2016. Under the terms of the transaction, 203 rooms will be acquired for $0.244 million per key. In related transactions, Hersha Hospitality Trust (NYSE:HT) signed a definitive agreement to sell Hyatt House Pleasant Hill for $34.6 million, Hyatt House Pleasanton for $31.2 million, Residence Inn Greenbelt for $29.3 million and Hyatt House Scottsdale for $40 million. The sale remains subject to customary closing conditions. The sale is anticipated to close by year-end 2016. Hersha Hospitality Trust (NYSE:HT) completed the sale of Courtyard Alexandria on January 11, 2017.