Exhibit 99.1




       RESORTQUEST INTERNATIONAL TO MOVE CORPORATE HEADQUARTERS TO FLORIDA

          -- New Destin, Florida National Headquarters Puts Executives
                     Closer to Vacation Rental Business --


Memphis, Tenn. (January 21, 2003) - ResortQuest International, (NYSE:RZT), one
of the world's leading vacation rental property management companies, today
announced it is relocating its corporate headquarters to Destin, Fla., on
Northwest Florida's Emerald Coast.

The move will put key executives on the front lines of the business where they
can more quickly adapt to changes in the marketplace. Nearly one-third of
ResortQuest's total inventory of over 20,000 vacation rental units is in
Florida, and ResortQuest currently has substantial business activity in Destin.
The city is home for Abbott Resorts, ResortQuest's largest local operating
company in the continental United States. Abbott Resorts generates more than $75
million in gross lodging revenues and is the largest private employer in the
area. The Emerald Coast resort region is also headquarters for ResortQuest's
national reservation center and accounting center. ResortQuest will also be
consolidating its accounting operations from Tennessee and Colorado into
Florida.

"This is a strategic move to bring our key executives closer to the properties
we manage, and we expect it to increase efficiency and create synergies for the
Company," said Jim Olin, ResortQuest International president and chief executive
officer. "ResortQuest is built on quality service and it is critical that our
executive team be able to interact on a daily basis with our operational teams
and our guests."

ResortQuest expects to move to its new headquarters in Destin this summer. The
new offices will be at 8955 Highway 98 West, adjacent to the entrance to Tops'l
Beach and Racquet Resort. The Company owns the existing office buildings and
will be relocating existing tenants, primarily Abbott personnel, to nearby
offices.

"We are very excited to move to the Sunshine State," Olin added. "Our move is
contingent upon receiving a Florida Economic Development Transportation Fund
Grant, which we have every anticipation of receiving. We would like to thank
local business leaders, including the Economic Development Council in both
Okaloosa and Walton Counties, and the Okaloosa Walton Community College for
helping ResortQuest apply and qualify for this and other important economic and
educational grants. We look forward to continuing to foster great business
relationships in the state and adding quality jobs to Walton and Okaloosa
counties."

"This is a strategic move that will place key management at one of our largest
operating companies and will further streamline our infrastructure," said Mitch
Collins, executive vice president and chief financial officer. "By consolidating
our corporate office into the already existing infrastructure in Destin, coupled
with the consolidation of our Colorado accounting operation into our accounting
center in Destin, the Company expects to realize annual savings of over $1
million. This move makes clear economic sense to our shareholders over the
long-term."

ResortQuest, with more than 5,000 employees across North America, will be the
only New York Stock Exchange Company with its headquarters on the Emerald Coast.
The Company plans on adding additional jobs to the Destin area fueled by the
continued growth of its national call center, the establishment of a national
accounting center, and the relocation of its corporate office. At the conclusion
of the consolidations, ResortQuest will employ more that 1,600 people in the
Emerald Coast area.





ABOUT RESORTQUEST INTERNATIONAL

Memphis-based ResortQuest International (NYSE:RZT), the first brand name and
"real-time" online booking service (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 over 20,000 vacation
rental properties with a combined real estate value estimated in excess of $7.0
billion.

To make reservations or view all special offers, visit www.ResortQuest.com or
call 800-GO-RELAX.

This news release contains certain forward-looking statements within the meaning
of Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act of 1934, as amended, which are intended to be covered by the safe harbors
created thereby. These forward-looking statements involve risks and
uncertainties, as well as assumptions that, if they never materialize or prove
incorrect, could cause the results of ResortQuest and its consolidated
subsidiaries to differ materially from those expressed or implied by such
forward looking statements. In addition to the factors discussed above, other
factors that could cause actual results to differ materially include the risks
associated with successful integration of additional acquired companies factors
affecting internal growth and management of growth, ResortQuest's acquisition
strategy and the availability of financing, the tour and travel industry,
seasonality, quarterly fluctuations and general economic conditions, dependence
on technology and travel providers, and other factors discussed from time to
time in ResortQuest's Securities and Exchange Commission reports, including its
annual report on Form 10-K for the year ended December 31, 2001.

Although the Company 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. 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. The Company
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.

For more information contact:

Mitch Collins and David Selberg
ResortQuest International
(901) 762-0600

Will Wellons
Yesawich, Pepperdine Brown & Russell Public Relations
(407) 838-1794; Will_Wellons@ypbr.com

Dan O'Connor
Sloane & Company
(212) 446 1865; doconnor@sloanepr.com