Abbott Realty Sells Out Mayan Condominium in Record Time; The Unique Resort Condominium in Panama City Beach Received More Than 800 Reservations for 298 Units

Business Wire, March 26, 2004

Business Editors/Travel Writers

DESTIN, Fla.--(BUSINESS WIRE)--March 26, 2004

The Mayan, a beachfront resort condominium being developed in Panama City Beach, FL, has set first-day sales records, with Destin-based Abbott Realty selling out the entire inventory of 298 units in record time, the day of its release.

"This is extraordinary. We don't break ground until early fall. But as soon as the public found out units were available, we had reservations for three times the available product. I think the demand speaks to the desirability of Panama City Beach as a destination resort," commented Ed Seymour, President of ResortQuest Florida.

The project sets a sales record for Abbott Realty, a ResortQuest company, which marketed the project on behalf of Laguna Beach Properties, LLC, a Florida-based developer.

"This is a development project without peer in the market," said Ron Browning of Laguna Beach Properties. "It is architecturally stunning and will boast an unparalleled level of detail and craftsmanship. Today's sophisticated buyer is looking for the exceptional. The Mayan delivers that."

Panama City Beach is part of Florida's burgeoning panhandle that has enjoyed considerable growth and popularity in the last several years. Abbot Realty, with over 15 locations and 115 sales executives, has been the area's premier real estate marketing organization since 1977. The company became part of the ResortQuest family in 1998, and continues to be the leader in area sales, rentals and property management.

The Mayan is located on the west end of Panama City Beach, within easy proximity to several popular golf courses. The project architect is Bayne Collins of Collins & Associates. Yates Construction is the contractor. Vision Bank is providing the financing.

For more information, call Abbott Realty Services, Inc. at 850-837-4774 or toll free 1-800-547-0805 or visit The Mayan's website: www.The-Mayan.com.

About ResortQuest International

ResortQuest International, the first brand name online booking service 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 largest marketer and management company in North America of vacation condominiums and home rentals, based on a portfolio of approximately 20,000 vacation rental properties with a combined real estate value estimated in excess of $7.0 billion. Destin, Fla.-based ResortQuest is owned and operated by Gaylord Entertainment (NYSE:GET), a leading hospitality and entertainment company based in Nashville, Tenn., that also owns and operates Gaylord Hotels and the Grand Ole Opry. For more information about ResortQuest, visit www.resortquest.com or www.gaylordentertainment.com.