ResortQuest Sells Aspen/Snowmass Real Estate Division to Joshua and Co.

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ResortQuest announced today that it has sold its Aspen and Snowmass Real Estate Division to Joshua and Co. ResortQuest will retain and continue to operate its vacation rental division.

We recently agreed upon a comprehensive and mutually beneficial plan to sell our local real estate operations to Joshua & Co.

ResortQuest announced today that it has sold its Aspen and Snowmass Real Estate Division to Joshua and Co. Effective immediately, locally-based Joshua & Co. will take ownership of ResortQuest's Coates, Reid and Waldron real estate operations in Aspen and Snowmass, Colorado. ResortQuest will retain and continue to operate its vacation rental division.

"We recently agreed upon a comprehensive and mutually beneficial plan to sell our local real estate operations to Joshua & Co.," comments Park Brady, CEO of ResortQuest. "Aspen/Snowmass is clearly a unique and specialized real estate market. With today's economic climate, we all felt that Joshua & Co. would be able to maximize the potential of this operation with their local expertise, experience and exclusive affiliation with Christie's Great Estates."

Although Joshua & Co. will be taking over ownership of ResortQuest's Aspen/Snowmass real estate operations, both companies believe there will be mutual opportunities going forward.

"An on-going, strategic alliance between the two companies makes perfect sense," adds Brady. "We can now offer owners, potential buyers and vacationing guests of this resort the ultimate in choices and services."    

"Opening a Snowmass office has always been a part of our long-term business plan," says Joshua Saslove, founder and CEO of Joshua and Co. "The opportunity ResortQuest presented is enabling us to accelerate our plan and bring our luxury real estate services directly to Snowmass guests and property owners now."

About ResortQuest

ResortQuest, one of the nation's leading vacation rental and resort real estate companies provides a one-stop resource in North America's premier resort destinations. ResortQuest is the largest marketer and management company of vacation condominiums and home rentals in the U.S., based on a portfolio of over 10,000 vacation rental properties. ResortQuest has local check-in offices at every one of its destinations and full staff on-site to provide the highest service levels to guests. With the inclusion of Partner Affiliates in North America and Europe, ResortQuest now offers over 50,000 vacation rental choices in over 100 destinations world-wide. With over a billion in sales, ResortQuest Real Estate is one of the nation's leading real estate companies focusing exclusively on resort properties, offering superior brokerage services in the country's premier beach, ski and golf destinations.

About Joshua & Co.

Joshua & Co was founded by Joshua Saslove in 1992 and specializes in Luxury Real Estate sales; Exclusive Rentals; Ranch properties; and Estate Management & Concierge services for a discerning clientele. It is the exclusive Christie's Great Estates affiliate in Aspen/Snowmass. Offices are located at: 300 South Hunter and 516 East Hyman in Aspen, and Aspen Highlands Village Plaza.

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Cheryl Spezia
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