ResortQuest International Board Declares Date for Annual Shareholders Meeting

Press Release
March 9, 2001
MEMPHIS, TN -- The Board of Directors of ResortQuest International, Inc. (NYSE: RZT), yesterday announced that the company will hold its annual shareholders meeting on May 10, 2001.

The Board also established March 21, 2001 as the record date for determining shareholders entitled to vote at the meeting. The meeting will begin at 9 a.m. (CST) at The Peabody Hotel, 149 Union Avenue, Memphis, Tenn. Shareholders will consider and vote upon the election of directors, the ratification of the appointment of Arthur Andersen LLP as ResortQuest's independent public accountants for 2001 and such other business that is properly introduced at the meeting. Michael D. Rose, who has served on the board since the company's IPO in May 1998, will not stand for reelection at the meeting.

ResortQuest International provides a one-stop resource for vacation home and condominium rentals in 42 premier resort destinations in the U.S. and Canada. ResortQuest is the world's largest vacation rental property management company based on a portfolio of approximately 18,000 vacation rental units, with a combined real estate value estimated at $6.5 billion. ResortQuest is the first branded vacation rental, property management and real estate sales company to offer online booking through resortquest.com/AOL Keyword: ResortQuest.

ResortQuest's locations include Gulf Shores, Ala.; Scottsdale and Tucson, Ariz.; Palm Desert and Palm Springs, Calif.; Aspen, Breckenridge, Crested Butte, Dillon, Snowmass Village and Telluride, Colo.; Bethany Beach, Del.; Beaches of South Walton, Bonita Springs, Captiva Island, Destin, Ft. Myers, Ft. Myers Beach, Marco Island, Naples, Navarre Beach, Okaloosa Island/Ft. Walton Beach, Orlando, Pensacola, Sanibel Island and Vanderbilt Beach, Fla.; St. Simons Island, Ga.; Hawaii, Maui, Oahu, and Kauai, Hawaii; Sun Valley, Idaho; Nantucket, Mass.; Big Sky, Mont.; the Outer Banks of North Carolina; Lake Erie Islands, Ohio; Sunriver, Ore.; Hilton Head Island, S.C.; Deer Valley, Park City and The Canyons, Utah; and Whistler, British Columbia.

This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements regarding ResortQuest involve risks and uncertainties, including but not limited to the many uncertainties that affect our business, particularly those mentioned in the cautionary statement in Part I of our 1999 Form 10-K, which we incorporate by reference.

Although ResortQuest believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this filing will prove to be accurate. Indeed, actual results may differ materially from those expressed or implied in these statements. ResortQuest undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or any other reason. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by ResortQuest or any other person that the objectives and plans of the company will be achieved.

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Contact: 

     ResortQuest International
     Mitch Collins and David Selberg, 901/762-0600
          or
     Daly Gray Public Relations
     Jerry Daly and Carol McCune (Media), 703/435-6293