The four-year-old, Memphis, TN-based firm will be marketing and managing the 543-unit, 31-story Tidewater Beach golf-front condominiums scheduled to break ground by summer in Panama City, FL, 250 miles northwest of Downtown Orlando.

The value of ResortQuest's contract with condo project owner Tidewater Beach Development LLC wasn't disclosed.

"The addition of Tidewater Beach to our portfolio of properties in northwest Florida helps to continue to open up the growing Panama City Beach market to our guests," Resortquest chairman/president/CEO David Levine says in a prepared statement. "Florida continue to be a major hot spot for (vacation rental) development."

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