Tuesday, October 21, 2008

Amelia Island Plantation

Amelia Island Plantation Announces Letter of Intentwith Redquartz Developments Atlanta
In order to further its long term strategic plans for growth of Amelia Island Plantation, the Amelia Island Company has been pursuing prospective investors, partners and lenders over the past two years for capital improvements to our hospitality resort business model. These efforts have progressed to the point where the Company has signed a letter of intent with a prospective partner to help with the planned expansion of the resort’s facilities. While there are many more details to be worked out, the Company is pleased to announce signing a Letter of Intent with Redquartz Development. Redquartz Development was attracted to this partnership opportunity based largely on the strength of Amelia Island Plantation’s management team, strategic plan and long range goals.
Redquartz Developments Atlanta (RQD) is a real estate investment company, who is partnered with Redquartz Developments, Ltd. (“Redquartz”), a Dublin based Property and Investment Company with investments in projects with more than $3 billion of value. Redquartz specializes in mixed-use developments to include commercial, residential, retail, hotel & leisure facilities. Their group philosophy is about partnerships that offer access to expertise and resources in addition to reducing the risk profile of individual projects. Redquartz Developments, Ltd. is located in Dublin, Ireland. Headed by Patrick (Paddy) Kelly, Redquartz has over 40 years experience in property development in Ireland, Europe and the USA.
Redquartz Developments Atlanta spearheads development activities in the United States from it offices in Atlanta, Georgia.

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John Holbrook - Realtor
Prudential Chaplin Williams Realty

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