MELBOURNE's Holiday Inn Hotel in Flinders Street is believed to be close to sale to Singapore's listed Lasseters International Holdings.

Lasseters is understood to be paying about $44 million fo the 4.5 star, 200-room hotel, which is being offloaded by Eureka Funds Management.

Eureka purchased the Holiday Inn, and eight other hotels as part of the $390 million purchase of the InterContinental Hotel Groups portfolio in 2005.

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