ResortQuest International, Inc. (NYSE: RZT), the world`s leading vacation rental property management company, today announced its Board of Directors has approved the engagement of Deloitte & Touche LLP as the company`s new independent public accounting firm, effective May 29, 2002.
The decision to appoint Deloitte & Touche was made after an extensive evaluation process by the Board of Directors, its Audit Committee and management of the company.
Deloitte & Touche replaces Arthur Andersen LLP. The decision to change auditors was not the result of any disagreement between the company and Arthur Andersen on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
ResortQuest International, the first brand name and “real-time” online booking service (www.resortquest.com / AOL Keyword: ResortQuest) in vacation condominium and home rentals and sales, provides a one-stop resource in over 50 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.