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Press Release: ResortQuest International, Inc.
September 18, 2003
FORT MYERS, FL -- Wells Fargo Home Mortgage and ResortQuest International, Inc. (NYSE:RZT) recently celebrated
the grand opening of their second joint venture mortgage office in Florida. The opening of Resort Trust Mortgage,
LLC, in Ft. Myers, is the continuation of a joint venture in which Wells Fargo Home Mortgage and ResortQuest offer
mortgages and other financial products and services to home and condominium buyers and real estate developers.
The Resort Trust Mortgage office in Ft. Myers is the second office to open in Florida this year, following the
opening of the Resort Trust Mortgage office in Destin this June. The new Southwest office is located at 13831 Vector
Avenue. Customers can visit the office or call (239) 415-7950 for product and service information.
This office will complement ResortQuest's significant existing real estate sales activity in central, southwest
and northwest Florida. The company is actively marketing numerous new real estate projects including Tortuga Inn
on Anna Maria Island, Tidewater Beach and Celadon in Panama City, the Portofino in Pensacola, and Bahama Bay in
Orlando.
"We are excited about the second office opening in the expansion of this joint venture with Wells Fargo,"
said Larry Starr, president of ResortQuest Southwest Florida. "With the recent opening of the joint venture
office in Northwest Florida and the opening of the Southwest office, we are quickly becoming able to provide more
customers with a full range of competitively priced mortgage services. ResortQuest specializes in renting, buying
and selling vacation homes and condominiums and through the agreement with Wells Fargo Home Mortgage, our customers
will receive combined expertise and broader service."
About Wells Fargo Home Mortgage
Wells Fargo Home Mortgage, Inc., headquartered in Des Moines, Iowa is a leading originator and servicer of residential
mortgages. A subsidiary of Wells Fargo & Company (NYSE:WFC), Wells Fargo Home Mortgage serves all 50 states
through the leading mortgage network in the country, with a presence in more than 1,800 mortgage and Wells Fargo
bank stores and on the Internet. Combined, its retail and wholesale lending operations provided funding for approximately
one of every eight homes financed in the United States in 2002.(a)
About ResortQuest International, Inc.
ResortQuest International, Inc. (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 in more than 50 premier resort destinations in the U.S. and Canada. ResortQuest is the nation'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 billion.
(a) Based on statistics compiled by Inside Mortgage Finance.
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Contact:
ResortQuest International, Destin, Fla.
Mitch Collins/David Selberg, 850/278-4000
or
Wells Fargo Home Mortgage, Des Moines, Iowa
Debora Blume, 515/213-4185
or
Yesawich, Pepperdine, Brown &
Russell Public Relations, Orlando, Fla.
Will Wellons, 407/838-1794
Will_Wellons@ypbr.com
Source: ResortQuest International, Inc.