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Paddy Kelly of Redquartz Developments To Receive Council’s
Award for Outstanding Achievement At 46th Annual Dinner In New York
A Successful Business Career That Has Emphasized Partnership

September 4, 2008; New York, NY:

The Ireland-U.S. Council will present its Award for Outstanding Achievement in 2008 to Patrick Kelly for the remarkable business success he has achieved and the creditable work he has done in building the business relationships between America and Ireland. The award will be the centerpiece of the Council’s 46th Annual Dinner to be held at the Metropolitan Club in New York City on Thursday, November 6, 2008.

Michael J. Gibbons, the President of the Council in New York, said “The members and directors of the Council are very pleased to formally recognize the extraordinary achievements of Paddy Kelly whose business interests have shaped a unique two-directional flow of investment ventures across the Atlantic between the United States and the Emerald Isle.”

Paddy Kelly, Chief Executive Redquartz Developments
Paddy Kelly
Chief Executive
Redquartz Developments
Mr. Kelly’s privately-held family investment corporation is pivotal in over $2 billion in development projects either completed or underway in the United States. His Redquartz Developments is a principal investor with Dublin-based Boundary Capital, in structuring RQB Partners, the Ireland-based consortium that purchased and is expanding the TPC Sawgrass Marriott development complex in Ponte Vedra Beach, Florida. The property has over 500 rooms and will develop a new club wing, and has entitlement for 500 additional condo units. . In Sarasota, also in the Sunshine State, Kelly is the prime mover in a major redevelopment project in the city’s waterfront area that will involve the building of 1.5 million square feet of hotel, offices, residential and retail space.

Brian J. Goggin, President of the Council’s Chapter in Ireland noted “We are so pleased to recognize the great contribution that Paddy Kelly has made to building investment flows in both directions across the Atlantic. His business deals have seen a major expansion of U.S. hospitality franchises entering Ireland. His company is the lead shareholder in Choice Hotels Ireland which operates the three Choice Hotels franchise brands from the United States: Clarion Hotels in the four-star market segment, Quality Hotels which offers three-star service and Comfort Inns which caters to the budget-conscious travel consumer. The company sold the operating business of Quality and Comfort brands in 2006 to a consortium led by Pat McCann, formerly of Jurys Doyle Hotel Group for $70 million. Choice Hotels Ireland now has 2,571 rooms in Ireland and the UK. He is also the main shareholder in Prem Group, which has 2,531 Rooms and 464 Apartments in Ireland, UK and Europe.”

Mr. Goggin added “In addition to a major presence in the Irish real estate market, Paddy Kelly’s four decades of consistent and successful investing have been characterized by his notable philosophy of partnership as a way to access expertise and resources and, at the same time, reduce the risk profile of projects. In building relationships in the United States, in Ireland and in other places around the world, such as Russia and Italy, he has moulded partnerships, consortiums and joint ventures that have brought him great success and generated ambitious and highly-regarded real estate developments.”

Paddy Kelly lives in Dublin with his wife Maureen. They have four children and six grandchildren .

The Ireland-U.S. Council was founded in 1963 by American and Irish business leaders. Its principal objective is to encourage closer business links between Ireland and the United States. The Council operates a variety of scholarship and internship programs, stages lectures, seminars and hosts frequent events in Ireland and in America aimed at building communications between business and political leaders on both sides of the Atlantic.