HOLIDAY CORP <HIA>, COMSAT <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.