Your search for the perfect vacation spot could involve a resort quest; if so, ResortQuest International would like to help. The company provides rental management services at more than 6,000 vacation properties, which are primarily located in the southeast and western US. Its portfolio includes condominiums and houses that ResortQuest markets and maintains on behalf of the individual owners. The company reaches out to prospective clients using the Internet, direct-mail marketing, and referrals. In addition, ResortQuest offers real estate brokerage services for vacation properties. Investment holding company Leucadia National sold the company in late 2010 to Wyndham Worldwide.
As part of the $54 million cash deal, Wyndham Worldwide rolled ResortQuest into its Vacation Exchange and Rentals segment. The deal contributed $6 million in ancillary revenue in 2010. While parent Wyndham competes in a variety of sectors, purchasing ResortQuest allows the company to expand its platform in the rentals market in the US.