EXHIBIT 25.1
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------------
FORM T-1
STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)
-------------------------------------------------------
U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
31-0841368
I.R.S. Employer Identification No.
800 Nicollet Mall
Minneapolis, Minnesota 55402
(Address of principal executive offices) (Zip Code)
Frank Leslie
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
(651) 495-3913
(Name, address and telephone number of agent for service)
Gaylord Entertainment Company*
(Issuer with respect to the Securities)
Delaware 73-0664379
(State or other jurisdiction (I.R.S. Employer Identification No.)
of incorporation or organization)
One Gaylord Drive 37214
Nashville, Tennessee
(Address of Principal Executive Offices) (Zip Code)
*See attached table for additional issuers
DEBT SECURITIES TO BE ISSUED UNDER INDENTURE
INCLUDING __% NOTES DUE 20__
(TITLE OF INDENTURE SECURITIES)
================================================================================
TABLE OF ADDITIONAL REGISTRANTS*
JURISDICTION OF PRIMARY STANDARD IRS EMPLOYER
EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS INCORPORATION OR INDUSTRIAL CLASSIFICATION IDENTIFICATION
CHARTER OR ORGANIZATIONAL DOCUMENT* ORGANIZATION CODE NUMBER NUMBER
-------------------------------------------- ---------------- ------------------------- --------------
CCK Holdings, LLC Delaware 7990 02-1696563
Corporate Magic, Inc. Texas 7990 75-2620110
Gaylord Creative Group, Inc. Delaware 7990 62-1673308
Gaylord Hotels, LLC Delaware 7011 11-3689948
Gaylord Investments, Inc. Delaware 7990 62-1619801
Gaylord Program Services, Inc. Delaware 7990 92-2767112
Grand Ole Opry Tours, Inc. Tennessee 7990 62-0882286
OLH, G.P. Tennessee 7990 62-1586927
OLH Holdings, LLC Delaware 7990 11-3689947
Opryland Attractions, Inc. Delaware 7990 62-1618413
Opryland Hospitality, LLC Tennessee 7011 62-1586924
Opryland Hotel-Florida Limited Partnership Florida 7011 62-1795659
Opryland Hotel-Texas Limited Partnership Delaware 7011 62-1798694
Opryland Hotel-Texas, LLC Delaware 7011 11-3689950
Opryland Productions, Inc. Tennessee 7990 62-1048127
Opryland Theatricals, Inc. Delaware 7990 62-1664967
Wildhorse Saloon Entertainment Ventures, Inc. Tennessee 7990 62-1706672
ResortQuest International, Inc. Delaware 6531-08 62-1750352
Abbott & Andrews Realty, LLC Florida 6531-08 65-1176006
Abbott Realty Services, Inc. Florida 6531-08 58-1775514
Abbott Resorts, LLC Florida 6531-08 65-1176000
Accommodations Center, Inc. Colorado 6531-08 84-1204561
Advantage Vacation Homes by Styles, LLC Florida 6531-08 14-1873132
B&B on the Beach, Inc. North Carolina 6531-08 56-1802086
Base Mountain Properties, Inc. Delaware 6531-08 82-0534861
Bluebill Properties, LLC Florida 6531-08 65-1175994
Brindley & Brindley Realty & Development, Inc. North Carolina 6531-08 56-1491059
Coastal Real Estate Sales, LLC Florida 6531-08 33-1047660
Coastal Resorts Management, Inc. Delaware 6531-08 51-0377887
Coastal Resorts Realty, LLC Delaware 6531-08 51-6000279
Coates, Reid & Waldron, Inc. Delaware 6531-08 84-1509467
Collection of Fine Properties, Inc. Colorado 6531-08 84-1288764
Columbine Management Company Colorado 6531-08 84-0912550
Cove Management Services Inc. California 6531-08 95-3866031
CRW Property Management, Inc. Delaware 6531-08 84-1509471
Exclusive Vacation Properties, Inc. Delaware 6531-08 84-1569208
First Resort Software, Inc. Colorado 6531-08 84-0996530
High Country Resorts, Inc. Delaware 6531-08 84-1509478
Houston and O'Leary Company Colorado 6531-08 84-1035054
K-T-F Acquisition Co. Delaware 6531-08 75-3013706
Maui Condominium and Home Realty, Inc. Hawaii 6531-08 99-0266391
Mountain Valley Properties, Inc. Delaware 6531-08 62-1863208
Office and Storage LLC Hawaii 6531-08
Peak Ski Rentals LLC Colorado 6531-08 84-1248929
Plantation Resort Management, Inc. Delaware 6531-08 63-1209112
Priscilla Murphy Realty, LLC Florida 6531-08 14-1873125
R&R Resort Rental Properties, Inc. North Carolina 6531-08 56-1555074
REP Holdings, Ltd. Hawaii 6531-08 99-0335453
Resort Property Management, Inc. Utah 6531-08 87-0411513
Resort Rental Vacations, LLC Tennessee 6531-08 71-0896813
ResortQuest Hawaii, LLC Hawaii 6531-08 13-4207830
ResortQuest Hilton Head, Inc. Delaware 6531-08 57-0755492
2
JURISDICTION OF PRIMARY STANDARD IRS EMPLOYER
EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS INCORPORATION OR INDUSTRIAL CLASSIFICATION IDENTIFICATION
CHARTER OR ORGANIZATIONAL DOCUMENT* ORGANIZATION CODE NUMBER NUMBER
-------------------------------------------- ---------------- ------------------------- --------------
ResortQuest Southwest Florida, LLC Delaware 6531-08 62-1856796
Ridgepine, Inc. Delaware 6531-08 93-1260694
RQI Holdings, Ltd. Hawaii 6531-08 03-0530842
Ryan's Golden Eagle Management, Inc. Montana 6531-08 81-0392278
Scottsdale Resort Accommodations, Inc. Delaware 6531-08 86-0960835
Steamboat Premier Properties, Inc. Delaware 6531-08 84-1591074
Styles Estates, LLC Florida 6531-08 14-1873135
Telluride Resort Accommodations, Inc. Colorado 6531-08 84-1262479
Ten Mile Holdings, Ltd. Colorado 6531-08 84-1225208
THE Management Company Georgia 6531-08 58-1710389
The Maury People, Inc. Massachusetts 6531-08 22-3079376
The Tops'l Group, Inc. Florida 6531-08 59-3450553
Tops'l Club of NW Florida, LLC Florida 6531-08 65-1176005
Trupp-Hodnett Enterprises, Inc. Georgia 6531-08 58-1592548
- ----------------------
*Address and telephone numbers of the principal executive offices of each of the
registrants listed above are the same as that of Gaylord.
3
FORM T-1
ITEM 1. GENERAL INFORMATION. Furnish the following information as to the
Trustee.
a) Name and address of each examining or supervising authority to
which it is subject.
Comptroller of the Currency
Washington, D.C.
b) Whether it is authorized to exercise corporate trust powers.
Yes
ITEM 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the
Trustee, describe each such affiliation.
None
ITEMS 3-15 Items 3-15 are not applicable because to the best of the Trustee's
knowledge, the obligor is not in default under any Indenture for
which the Trustee acts as Trustee.
ITEM 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this
statement of eligibility and qualification.
1. A copy of the Articles of Association of the Trustee.*
2. A copy of the certificate of authority of the Trustee to
commence business.*
3. A copy of the certificate of authority of the Trustee to
exercise corporate trust powers.*
4. A copy of the existing bylaws of the Trustee.*
5. A copy of each Indenture referred to in Item 4. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the
Trust Indenture Act of 1939, attached as Exhibit 6.
7. Report of Condition of the Trustee as of September 30, 2003,
published pursuant to law or the requirements of its
supervising or examining authority, attached as Exhibit 7.
* Incorporated by reference to Registration Number 333-67188.
4
NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within three
years prior to the date of filing this statement, or what persons are owners of
10% or more of the voting securities of the obligors, or affiliates, are based
upon information furnished to the Trustee by the obligors. While the Trustee has
no reason to doubt the accuracy of any such information, it cannot accept any
responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking
association organized and existing under the laws of the United States of
America, has duly caused this statement of eligibility and qualification to be
signed on its behalf by the undersigned, thereunto duly authorized, all in the
City of St. Paul, State of Minnesota on the 9th day of January, 2004.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Frank P. Leslie III
--------------------------------------
Frank P. Leslie III
Vice President
By: /s/ Lori-Anne Rosenberg
-----------------------------------
Lori-Anne Rosenberg
Assistant Vice President
5
EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939,
the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of
examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and Exchange
Commission upon its request therefor.
Dated: January 9, 2004
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Frank P. Leslie III
--------------------------------------
Frank P. Leslie III
Vice President
By: /s/ Lori-Anne Rosenberg
-----------------------------------
Lori-Anne Rosenberg
Assistant Vice President
6
EXHIBIT 7
U.S. BANK NATIONAL ASSOCIATION
STATEMENT OF FINANCIAL CONDITION
AS OF 9/30/2003
($000'S)
9/30/2003
-------------
ASSETS
Cash and Due From Depository Institutions $9,363,408
Federal Reserve Stock 0
Securities 34,719,100
Federal Funds 2,322,794
Loans & Lease Financing Receivables 118,943,010
Fixed Assets 1,915,381
Intangible Assets 9,648,952
Other Assets 9,551,844
------------
TOTAL ASSETS $186,464,489
LIABILITIES
Deposits $122,910,311
Fed Funds 6,285,092
Treasury Demand Notes 3,226,368
Trading Liabilities 246,528
Other Borrowed Money 21,879,472
Acceptances 145,666
Subordinated Notes and Debentures 6,148,678
Other Liabilities 5,383,119
------------
TOTAL LIABILITIES $166,225,234
EQUITY
Minority Interest in Subsidiaries $1,003,166
Common and Preferred Stock 18,200
Surplus 11,676,398
Undivided Profits 7,541,491
------------
TOTAL EQUITY CAPITAL $20,239,255
TOTAL LIABILITIES AND EQUITY CAPITAL $186,464,489
To the best of the undersigned's determination, as of the date hereof, the above
financial information is true and correct.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Frank P. Leslie III
----------------------------------
Vice President
Date: January 9, 2004
7