The sale is part of the estimated $500 million in dispositionsBoston Properties has planned for 2007 and was announced atWednesday's Q4 2006 earnings call. Not including 5 Times Square inNew York City, which is slated to close this quarter, the companyhas identified $500 million worth of assets that will hit themarket by the end of Q1, according to Doug Linde, EVP and CFO.

"The exceptionally strong demand for our type of asset byselectively selling certain properties, while we know that the NOIfrom those assets is going to grow over time we also think that theunderwriting expectations that are embedded in current marketpricing justifies harvesting to the significant market value wehave created in some properties even at the expense of moderatelyreducing our portfolio size," Linde said.

Over the last two years Boston Properties has sold more than$3.5 billion of properties. The latest disposition becomes part ofan emerging hotel sector in Boston that has seen nine hotels enterthe market for sale in the last two years.