HOLIDAY CORP &lt;HIA>, COMSAT &lt;CQ> CLOSE SALE

  Holiday Corp and Communications
  Satellite Corp said they closed the previously announced sale
  to Comsat of Holiday's 50 pct interest in Hi-Net
  Communications, their joint venture that provides in-room video
  entertainment to hotels by satellite.
      Under terms of the deal, Comsat paid Holiday 25 mln dlrs in
  cash and assumed half of the venture's 50 mln dlrs of
  outstanding debt, the company's said.
      Hi-Net, they added, will continue to provide programming to
  Holiday's hotels.
  

