ResortQuest International, Inc. (NYSE:RZT), the first brand name and online booking service (ResortQuest.com) in vacation condominium and home rentals, sales and property management services, today announced the appointment of J. Mitchell Collins as senior vice president and chief financial officer, effective March 15.
In his new position, Collins will be responsible for all financial functions, including investor relations, financing and financial oversight. Previously, he was a senior manager with the Memphis office of Arthur Andersen LLP.
“Mitch Collins has more than a decade of financial consulting experience with one of the world`s premier accounting and consulting firms, with particular expertise in hospitality,” said David Levine, president and chief executive officer. “Mitch has worked with us since our inception and has an in-depth knowledge of our operations. He has established solid working relationships with our management team, both locally and in the field. As a result, he joins our team without missing a beat, an advantage no one else could have brought to the table.
“His experience with and extensive knowledge of the securities industry will be invaluable as we step up our communications efforts with the research community, a key objective of ours. In addition, Mitch has worked on a number of projects involving the integration of multiple reporting functions for large hospitality companies, which will be extremely useful to us in our efforts to enhance the integration and consolidation functions across our company.”
A member of the Arthur Andersen U.S. Hospitality Team and head of real estate and hospitality services for the Mid-South practice of Andersen, Collins was selected twice as the annual outstanding Mid-South practice professional. Collins has extensive knowledge of the securities industry based on his experience with IPOs and multiple debt and secondary equity offerings. Collins also has considerable mergers & acquisitions experience through his leadership in due diligence efforts for acquisitions ranging in size from $10 million to over $3.0 billion.
Collins received a bachelor`s degree in accounting from the University of Mississippi (Ole Miss) and currently is completing his MBA at Vanderbilt University. He is a member of the American Institute of Certified Public Accountants and the Tennessee Society of Certified Public Accountants.
Memphis-based ResortQuest International provides a one-stop resource for vacation home and condominium rentals in 40 premier resort destinations in North America. ResortQuest`s total portfolio now comprises more than 17,000 vacation rental properties. ResortQuest also is the first branded vacation rental, property management and real estate sales company to offer online booking through ResortQuest.com.
ResortQuest`s locations include Gulf Shores, Ala.; Scottsdale/Phoenix 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, Sanibel Island and Vanderbilt Beach, Fla.; St. Simons Island, Ga.; Hawaii, Maui, Oahu, and Kauai, Hawaii; 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 filing 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. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including but not limited to the risks associated with: successful integration of the Founding Companies and additional required companies factors affecting internal growth and management of growth, ResortQuest`s acquisition strategy and 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 in the Registration Statement. 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. Indeed, actual results may differ materially from those expressed or implied in these statements. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information s should not be regarded as a representation by ResortQuest or any other person that the objectives and plans of the company will be achieved.