Gaylord Entertainment Co. Announces Sale of Mainland ResortQuest Business for $35 Million
Completes Sale of Resortquest Hawaii Business for Approximately $109 Million
Retains Interest in Two Hawaii Hotels

NASHVILLE, Tenn., June 1, 2007 - Gaylord Entertainment Co. (NYSE: GET) today announced it has sold its ResortQuest mainland business to a subsidiary of Leucadia National Corporation (NYSE: LUK) for $35 million, of which $8 million is in the form of a four-year promissory note from the purchaser.  The transaction closed today. 

Gaylord Entertainment also announced that it has completed the sale of the ResortQuest Hawaiian business to Interval Acquisition Corp.  In April 2007 Gaylord Entertainment agreed to sell RQI Holdings, Ltd., owner of ResortQuest Hawaii, LLC to Interval Acquisition Corp., an affiliated company of Interval International (an operating business of IAC (Nasdaq: IACI)) for approximately $109 million in cash.  Gaylord retained its 18.1 percent equity interest in the joint venture of the ResortQuest Kauai Beach at its Makaiwa property, as well as its 19.9 percent ownership stake in the ResortQuest Waikiki Beach Hotel. 

ResortQuest is the largest brand name and online booking service in vacation rentals, property management, and resort real estate sales. 

“We are quite pleased to come to the conclusion of the process; we can now focus our resources on the major initiatives to build and enhance our high-growth and profitable hotel business,” said Colin V. Reed, chairman and chief executive officer of Gaylord Entertainment.  “We believe these transactions are in the best interest of ResortQuest employees and property owners as Leucadia and Interval are two very strong, well-managed companies capable of positioning ResortQuest for future growth.”

ABOUT GAYLORD ENTERTAINMENT
Gaylord Entertainment (NYSE: GET), a leading hospitality and entertainment company based in Nashville, Tenn., owns and operates Gaylord Hotels (www.gaylordhotels.com), its network of upscale, meetings-focused resorts and the Grand Ole Opry (www.opry.com), the weekly showcase of country music's finest performers for 80 consecutive years. The company's entertainment brands and properties include the Radisson Hotel Opryland, Ryman Auditorium, General Jackson Showboat, Gaylord Springs, Wildhorse Saloon, and WSM-AM. For more information about the company, visit www.GaylordEntertainment.com.

CONTACT: Investor Relations:
Gaylord Entertainment
David Kloeppel, 615-316-6101
CFO
dkloeppel@gaylordentertainment.com
or
Key Foster, 615-316-6132
VP Treasury, Strategic Planning & Investor Relations
kfoster@gaylordentertainment.com
or
Rob Tanner, 615-316-6572
Director, Investor Relations
rtanner@gaylordentertainment.com
or
Media:
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Elliot Sloane, 212-446-1860
esloane@sloanepr.com
or
Josh Hochberg, 212-446-1892
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