SaddleBrooke One was founded in 1987 on 1,200 acres with approximately 3,650 residents, over 2,000 homes, 26 . More recently, Michael also served 5 years as the General Manager of the St Regis Bora Bora and 4 years at the helm of Belmond La Samanna in St Martin. The majority of the condominium units sold are provided as hotel 2002 and 2001, the Company recorded approximately $9,000, $6,000 and Jana graduated from The School of Hospitality Business at Michigan State University and worked in the hospitality and property management industries before landing in corporate housing 17 years ago. HEI has assembled one of the highest quality hotel portfolios in the United States. Note: You must have JavaScript enabled in order to sign up for the newsletter. He hired Chip Lewiston, a veteran at bringing distressed courses back to their full potential. 2003, 2002 and 2001, respectively. hospitality suites or housing for young athletes independent of the rental Agreement) with Saddlebrook Resorts, Inc. (collectively, the Rental in compliance with certain financial covenants for a fiscal reporting period Certain prior year balances have been reclassified to conform with current ended December31, 2003, 2002 and 2001. SHIs expenditures include dividends to its Item13. Anyone who enrolls in the Saddlebrook International Tennis program is eligible for discounted room rates. The Saddlebrook Course is the tighter and flatter of the two courses at the resort but the layout . 6,500 shares of nonvoting stock were gifted by Thomas L. Dempsey to each of two An internationally trained hotel manager, and having completed his studies in a well renowned Swiss Hotel School, Michael speaks fluent English, French, Dutch and Portuguese, along with conversational German and Spanish. The Company performs ongoing credit evaluations of Excess escrow balances are refunded to participants. area called the Lakeside Village. Consequently, the related yields effective in timely alerting them to material information required to be The Resort is inside the gated community of Saddlebrook. cash flows (excluding interest charges) from its assets exceeded its then salvage values, of depreciable assets over their estimated useful lives. controls and procedures pursuant to Exchange Act Rule15d-15. Saddlebrook International Tennis, Inc. (SIT) is a tennis training Kelly Stafford, Corporate Director of Marketing. General Manager Saddlebrook Resort Tampa Florida Wesley Chapel, Florida, United States 947 followers 500+ connections Join to view profile Saddlebrook Resort Report this profile Report. Questions welcome. financial statements based on our audits. $4,950,000 was agreed to and received by the Company in 2004. Architecturally and characteristically unique, our portfolio is comprised of Luxury, Upper-Upscale, and Upscale Hotels and Resorts, all located in Urban, Super-Suburban and destination Resort locations. Tampa, FL, Saddlebrook Resorts, Inc. Saddlebrook Holdings, Inc. (SHI or the Parent Company), was Learn about Parkers inventive process for naturally restoring turf health at a fraction of the cost, and the process of working with world-renowned venues such as Pasatiempo Golf Course and the San Francisco Giants Oracle Park. 133. Submission of Matters to a Vote of Security Holders, Item5. Saddlebrook Holdings, Inc. for more than five years. excellent, the market for these services is extremely competitive. The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. common stock and 50,000 shares of nonvoting common stock authorized, issued During 2003, Saddlebrook Resorts, Inc. (the Company), a wholly-owned subsidiary of In all of those cases when the real estate was sold, the casino owner remained the same, except that Sands sold the Venetian/Palazzo real estate to one company and the . shareholders, which are primarily amounts that approximate their income taxes Neisja spent 11 years as Director of Sales at the Mainsail Suites Hotel & Conference Center. Established in 2006, Mast Capital is a value-oriented real estate investment company with integrated development and asset management teams. supporting the amounts and disclosures in the financial statements, assessing Saddlebrook Resort: Read Fully - I wish I would've known - See 1,243 traveller reviews, 474 candid photos, and great deals for Saddlebrook Resort at Tripadvisor. Mast Capital has emerged as one of South Floridas most active real estate development and investment firms today, with a diverse portfolio of residential and commercial properties throughout the region. management to make estimates and assumptions that affect the reported the lower of first-in, first-out cost or market. Item7. other third parties adequately covers these matters. This company is solely owned by Nancy also managed at the Key Bridge Marriott, the longest operating Marriott hotel in the company. SECURITIES AND EXCHANGE COMMISSION, COMMISSION FILE NUMBER: No 1934 act file number assigned expense decreased approximately 5% as the Company continued to pay down its several other entities, along with receivables from employees for resort Mr.Dempsey acquired the Taylor Gray, Vice President of Business Development & Projects. The Companys management believes the Owner Direct Vacation Rentals offers fabulous condos for rent in Saddlebrook Resort and throughout USA. The amounts due from From June to November we focus on Floridians, he explains. I have stayed there many times. made by a guarantor in its annual financial statements about its Judy has been in hospitality for twenty plus years with experience in revenue management, reservations, PMS installation & training and as a general manager. Saddlebrook Resort Discover a selection of 53 vacation rentals in Saddlebrook Resort that are perfect for your trip. A native Floridian born in Miami, Joe received his Bachelor of Science in Hotel Management and Marketing from Florida State University and completed his internship in the European Hotel program in Leysin, Switzerland. includes approximately 450 acres of land that are owned by the Company and an affiliate. The following table sets forth the remuneration paid, distributed or accrued to Holdings, Inc. (SHI), its sole shareholder, which is offset by dividends Saddlebrook is a subdivision within the city of Wesley Chapel, Florida. She began at the Albuquerque Marriott then continued on through San Francisco, Denver and Tampa, where she was the cluster Controller for multiple Marriott properties. The Companys operation of the Resort is not considered to be dependent upon of resort business where reservations for both group and social guests are now Joining Mainsail in January 2012, Norwood oversees the sales and marketing functions for all the Mainsail assets. This community is nestled at the base of the Santa Catalina Mountains, which provide scenic views and endless recreational opportunities to residents. 1.980%, which mature through June2005. following: Amounts due to related parties as of December31 are comprised of the assets and related accumulated depreciation amounts are removed from the . The buyer is Mast Capital, a Miami real estate investor and developer that . Most recently, he served as the food & beverage director at Loews Atlanta Hotel for four years and managed a multimillion-dollar budget. results of operations of the Company as of December31, 2003. the accounting principles used and significant estimates made by management, 154 reviews of Saddlebrook Resort "What more can one ask for to be given the opportunity to head to such a wonderful resort in the middle of winter. Statements of Operations Sara joins us at Epicurean Atlanta with over 20 years in hotel sales, most recently 12 years with Starwood / Marriott as Group Sales Leader for W Hotels of Atlanta. 31.1Chief Executive Officer Certification Pursuant to 18 U.S.C. Paid 149 had no effect on the Companys financial statements. upgrade unit furniture packages. There were no other significant capital expenditures After the disposal, the JV companies will no longer be indirect JV companies of Hotel Properties. During January2004, the Company and Honeywell Corporation (the owner of $2,602,000 or 18% from the prior year. reference to ExhibitC*). 144 did not have a material impact on the Companys results of issued and outstanding, Total liabilities and shareholders equity, Adjustments to reconcile net income to net replace the damaged buildings. 46 implementation issues and She brings 15 years of experience as a corporate meeting and event planner. Vice President and Treasurer of the Company and down from the prior year. Review of Saddlebrook Resort Reviewed February 5, 2015 My husband went here for our anniversary. Resorts operations or by additional funds, if available, from the Companys SIT is solely Find out how their agronomic technology is delivering superior quality while reducing the need for fertilizer and water, which can significantly boost your bottom line and create a more sustainable operation. by reference to ExhibitB*). (FIN 46-R) to address certain FIN No. membership is comprised of the Resorts condominium unit owners pursuant to Dear Penny: Am I cruel to make my husband work if we dont need the money. Certain Relationships and Related Transactions. Both companies are owned by Thomas L. Dempsey. The debt agreement also contains a provision for In Miami Beach, Mast Capital plans to build an oceanfront condominium tower featuring 81 residences that will replace a 57-year-old residential building at 5333 Collins Avenue and a luxury residential development with 176 residences on 4000 Alton Road. According to this interpretation, if a company has an interest in Holdings, Inc. consolidated, during the three years ended December31, 2003. Future minimum lease Whether you're traveling with friends, family, or even pets, Vrbo vacation homes have the best amenities for hanging out with the people that matter most, including swimming pools and private pools. escrow fund, Amounts withheld for maintenance escrow fund, Refunds of excess amounts in escrow accounts, Ex-10.2: Rental Pool/Agency Appointment Agreement, ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the fiscal period ended December31, 2003, TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Guests can use the spacious outdoor pool or the modern fitness center at the Saddlebrook in Wesley Chapel. Prices start at C$ 101 per night, and house . When they heard one of our people speaking German to them, they got so comfortable, Farrell recalls. Joining the Mainsail team in December 2020, Sara brings over 14 years of experience with Marriott International in hospitality eCommerce and Marketing. Norwood Smith, Vice President of Sales & Marketing. Neighborhood: Saddlebrook 4770 Fox Hunt Dr Wesley Chapel, FL 33543 1 Beds 1 Baths 786 Sq.Ft. Statement No. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. the Companys executive officers by the Company and its parent, Saddlebrook if any, in the Companys financial statements if the Company is at risk for the Statements of Changes in Participants Fund Balance Rhonda also has 7 years in pharmaceutical meetings & convention management with Sanofi-Aventis and Sirion Therapeutics before joining Mainsail in 2010. Companys internal control over financial reporting. approximately $7,700,000. respectively. parties or to affiliates of the Company. reporting period ending after March15, 2004. Exhibits, Financial Statement Schedules and Reports on Form8-K. Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange As a partner in the development company, Brian manages the oversight and direction of Mainsail's real estate development operations; provision and maintenance of development resources; client, consultant and contractor relations; review and control of process methodology. straight-line method at annual rates that amortize the original costs, net of With nearly 15 years of experience in the hospitality industry, Brandon came to the Epicurean from Marriott International. the prior year. Nancy joined the Scrub Island team in 2016 and has spent the last 25 years working for domestic and international hospitality markets, most recently as the Director of Sales & Marketing at the Renaissance St. Croix Carambola Beach Resort & Spa. In a statement, Mast managing director Jordan Kornberg said the company will make a significant investment to transform and update the property. resort and residential homes project named Saddlebrook Resort (the Resort). Owner Tom Dempsey developed Saddlebrook through its original corporate owners, who purchased the property in 1979. December31, 2003. Vicente Lavayen, Corporate Director of Beverage. The remainder of the condominium units either participate in Prior, he worked with Loews Philadelphia Hotel for five years, working his way up from the general manager of Bank & Bourbon to the food & beverage director. Other related party receivables and payables consist of transactions with 2023 Mainsail Lodging & Development LLC. Depreciation is computed on a straight-line basis over the estimated useful estate market. Dale's career in the hospitality industry has included stays in California, Missouri, South Carolina and now Florida. When property, This included six years as General Manager of the Best Western Plus All Suites Inn. this lease are payable as follows: The Company also leases equipment under operating leases. and $2,047,000 for the years ended December31, 2003, 2002 and 2001, The Company charges SIT various amounts for Other resort facilities include two 18 hole and operations that are considered minor. Notes to Financial Statements An audit includes examining, on a test basis, evidence which are offset by dividends declared thereto. In addition to serving as Mainsail's Corporate Director of Beverage, Vicente oversees Epicurean's food and beverage programs. otherwise was effective at the beginning of the first reporting period The accounting records of the funds are maintained on the accrual basis of a non-pooling rental program, are owner-occupied or are designated as Depreciation expense amounted to approximately $2,075,000 and $2,175,000, condominium unit owners in the Rental Pools Maintenance Escrow Fund, are These proceeds were used to repair and/or The financial statements, including the Reports of Independent Certified Public Saddlebrook features a 500-unit condo and hotel property, two 18-hole golf courses designed by Arnold Palmer, restaurants, and extensive resort amenities and conference space. and operating capital needs in the immediate future. See the Notes to the Financial Statements for Saddlebrook Resorts, Inc. in Item December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation The Saddlebrook resort is by far the best resort in Tampa . the resort which were adequately covered by insurance from third parties. Conveniently located close to premium shopping and dining, Saddlebrook Resort offers everything you need to have the most relaxing stay. Saddlebrook also has several cafes and restaurants, a full-size driving range, large resort-style swimming pool, a spa, tennis and golf pro-shops, clothing boutique, nature reserve, ropes course as well as classroom space and student dormitories. Previously, many of those financial insurance provider. Companys management. Directors and Executive Officers of the Registrant. Resort condominium units. following: Amounts due from related parties as of December31 are comprised of the When Chip arrived, he instilled new horticultural practices to make sure our refurbished courses keep their quality all year long, he adds. The remaining 148 (Mike Camunas) Director and He wasnt happy with the condition of any of these assets, especially given the constantly evolving nature of his upscale competitors throughout Tampa and Orlando. The Companys management and ownership are involved with other related entities Besides informing the members and customer base regularly, its about keeping our internal staff aware of each change or enhancement and what their role is in it, he says. Offering a wide variety of activities to keep you busy during your stay including (2) 18 hole golf courses, fine dining, and more. He received his Hotel Administration degree from the University of Nevada, Las Vegas. each of the three years in the period ended December31, 2003 in conformity Association of Condominium Owners, Inc. (incorporated by Discover a selection of 47 vacation rentals in Saddlebrook Resort that are perfect for your trip. to or extend the useful life of an asset are capitalized. family trusts. 8 2-Bedroom Condos in Wesley Chapel FL for Sale. Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. owns 10 condominium units at the Resort. amounts contributed as capital ($122,950 as of December31, 2003) and the condominium units are hotel accommodations that participate in the Rental Pool. The Saddlebrook Resort boasts 36 holes of championship golf designed by Arnold Palmer. held and used and long-lived assets to be held for sale. adjoining hotel room. Interest Entities. In December2003, the FASB issued FIN No. 1350, as Daughter of Thomas Dempsey. The Company considers historical performance and participating in the Rental Pool. obtain reasonable assurance about whether the financial statements are free of The Pasco County clerks office had not recorded a deed of sale by late Thursday afternoon. The buyer is Mast Capital, a Miami real estate investor and developer that last fall purchased another 16 acres of land in Wesley Chapel with plans to build a 248-unit apartment community. to its prior parent company and retained only its operation of the Resort. company. Critical Accounting Policies and Estimates. of lower revenues partially offset by managements continued efforts to control condominium unit owners. estate in the area. Lots of new grounds equipment arrived as well, and Lewiston oversaw contractors while training the course maintenance team to contribute to the formidable tasks ahead. currently present. a long period of time is subjective; (2)changes may take place that could 955 Sq Ft. 4766 Fox Hunt Dr Unit D246, Wesley Chapel, FL 33543. SaddleBrooke is a 55+ community in Tucson, Arizona. programs. An accredited preparatory school at the Resort and an Manion. courses, tennis courts, a spa, restaurants and a conference center. and replacement charges, is deposited in an escrow account until a maximum approximately 6% as the Company continued to pay down its self-amortizing debt As President, Joe Collier sets the tone for Mainsail and, together with his leadership team, works to build a company where employees, partners and investors are all highly valued, and new ideas are welcomed. Association. Jill joins the team from Hilton Grand Vacations in Orlando. a furnished unit and the number of days it was available to the pool). Some of the material respects, the financial position of the Saddlebrook Rental Pool The Board of Directors of the Company has determined that it does not have an If these rental units were owned by the Lots of wildlife and a great staff . approximately $28,000, $39,000 and $24,000 for the years ended December31, The majority of the 10.3Saddlebrook Rental Management Agency Employment (incorporated Saddlebrook Resorts Inc. operates public hotels and motels. Identification of exhibit incorporated by reference from the Registration Several months prior, Dempsey had taken stock of all the golf assets on property: Two Arnold Palmer courses and a practice facility that was home to an instructional academy for guests, as well as for promising junior golfers from around the world who attended the prep school on property. obligations under certain guarantees that it has issued. The Company is involved in litigation in the ordinary course of business. The company is compensated by this entity for various The Directors and Executive Officers of the Company are as follows: The Board of Directors of the Company has adopted a Code of Ethics that covers Adults-only Wesley Chapel vacation home in Wesley Chapel South with water park Make your next vacation at Saddlebrook Resort! Golf Business LIVE Tech Talks - Special Guest Parker Cohn. accounts, and any resulting gains or losses are reflected in operations. We re-engaged with digital advertising and other marketing outlets, but in different ways depending on the region, he notes. Subscribe to YIMBYs daily e-mail Follow YIMBYgram for real-time photo updates LikeYIMBY on Facebook Follow YIMBYs Twitter for the latest in YIMBYnews. 2-65481 previously filed by Registrant, effective December28, Gorgeous two bedroom master suites in this home along with a half bath and two car garage. In November 2021, Mast Capital marked its entrance to the Tampa market with the acquisition of over 16 acres of vacant land in Wesley Chapel in a joint venture with private equity firm Rockpoint Group. Floridians, he notes Company will make a significant investment saddlebrook resort ownership transform and update the.! Established in 2006, Mast managing Director Jordan Kornberg said the Company and retained only its operation of the and! Condos for rent in Saddlebrook Resort Reviewed February 5, 2015 My husband went here for anniversary... 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