HOLIDAY CORP <HIA> SELLS STAKE IN VENTURE
Residence Inn Corp said it has
agreed to buy Holiday Corp out of their equaly-owned joint
venture for 51.4 mln dlrs, with closing expected within the
next few weeks.
    The all-suite Residence Inn system, which is geated to
extended stays, currently has 93 open franchised or
company-owned hotels nationwide and another 55 in construction
or development.
 Reuter
