The new owners plan to enhance Kelly’s.

SAUGUS — Kelly’s Roast Beef, a landmark as renowned as the orange dinosaur, the Hilltop cactus, and Prince’s “Leaning Tower of Pizza” on Route 1, has officially been acquired by AAM 15 Management. 

“Having spent my childhood in this area, Kelly’s has always held a special place in my heart. It represents not only a dining experience but also the essence of our community and its traditions,” remarked David Masse, CEO of AAM 15. “We are honored to carry forward the legacy of Kelly’s and are committed to making sure it flourishes for future generations.”

With this change in ownership, the restaurants will continue to operate, although they might experience some improvements. 

Kelly began its journey in Revere in 1951, eventually expanding to Saugus, Danvers, and Medford. The McCarthy and Carey families were the original owners of these four locations prior to their sale. 

Even with the change in ownership, numerous attractions in the restaurant retain significant historical importance, linking it to its origins in Revere.