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Press Release: ResortQuest International
December 18, 2002
ORLANDO, FL -- ResortQuest International (NYSE:RZT), one of the world's largest vacation rental property management
companies, will open the first phase of the new Bahama Bay Resort this week in Central Florida.
Starting December 23rd, there will be 64 units available for vacation rental. Two pools and the clubhouse will
also be open. A total of 116 units will be complete by the end of January 2003.
With the completion of the approximately $90 million, 70 acre Bahama Bay Resort, ResortQuest will be adding nearly
500 luxury vacation rental condominiums to their Orlando portfolio, soon to total over 900 vacation homes and condos.
"Bahama Bay will give our Orlando visitors a luxury condominium option," said James S. Olin, ResortQuest's
president and CEO. "Over the past several years, we have seen tremendous growth in the domestic traveler renting
vacation homes in Orlando. With the opening of Bahama Bay we expect that trend to continue in 2003."
Nestled on the banks of Lake Davenport, Bahama Bay Resort offers owners and guests an opportunity to sample the
luxury of resort living in this gated community located only minutes west of Disney and the other major attractions
for which Central Florida is famous.
The completed resort will include 1,000 units, a 17,000 square-foot clubhouse, four swimming pools with spas, a
recreation fitness center with locker facilities, and a lakeside beach with a fishing dock. The luxury two- and
three-bedroom condos range from 1,200 to 1,700 square feet. Each unit has screened balconies overlooking Lake Davenport.
Introductory prices starting at $129 per night. To make reservations, call 1-800-527-2262 or visit ResortQuest.com
About ResortQuest International
Memphis-based ResortQuest International (NYSE:RZT), the first brand name and "real-time" online booking
service (http://www.resortquest.com) in vacation condominium
and home rentals and sales, provides a one-stop resource for 52 premier resort destinations in the U.S. and Canada.
ResortQuest is the world's leading vacation rental property management company, based on a portfolio of approximately
20,000 vacation rental properties with a combined real estate value estimated in excess of $7.0 billion.
All of ResortQuest's vacation rental accommodations include spacious, well-appointed condos or homes with a full
kitchen. ResortQuest also maintains a portfolio of hotel properties in Florida and Hawaii. To make reservations
or view all special offers, visit http://www.ResortQuest.com or call 800-GO-RELAX.
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Contact:
Yesawich, Pepperdine Brown & Russell PR, Orlando
Will Wellons, 407/838-1794
Will_Wellons@ypbr.com
or
Allison Pope, 407/838-1719
Allison_Pope@ypbr.com
Source: ResortQuest International