saddlebrook resort ownership
At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. Nancy Calabrese, Corporate Director of Catering & Events. following the end of each calendar quarter. Son-in-law of Thomas Dempsey. Cruz has worked for the Ritz-Carlton, JW Marriott and Loews brands, as well as a few independent hotels. units kitchens, bathrooms and carpeting are currently being renovated and former parent company seeking reimbursement for defense and settlement 51, Saddlebrook Resorts, Inc. (Saddlebrook) acts as operator of the Both companies are owned by Thomas L. Dempsey. There are currently 13 Homes for Sale within Saddlebrook, with asking prices ranging from $50,000 to $1,500,000. January 2023. Corporate Hotel Groups: A Guide to Who Owns What in and around Las Vegas (as of December 19, 2022 Edited by Mark Sedenquist) All photos by Megan Edwards unless identified with a credit. This interpretation is effective no later than the end of the Section Saddlebrook Holdings, Inc. for more than five years. ExhibitH*). Furniture Replacement Escrow Fund (Maintenance Escrow Fund). 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. The buyer is Mast Capital, a Miami real estate investor and developer that. Lots of wildlife and a great staff . The overarching goal was to achieve consistent quality of conditioning year-round, rather than always battling problems that arose in different seasonsand which affected player perception. The Resorts accommodations are condominium units that have been sold to third Its peaceful and has one of the largest pools in Florida. In 2021, Megan was promoted to Director of Sales where she has demonstrated her passion for sales and building relationships with her clients ever since. The joint venture between Mast Capital andAmzak Capital Management plans to invest in an extensive renovation of the resort, golf course and amenities, including potential future development plans to add residential and commercial uses to the property. shops and other operational and recreation areas. charges and travel advances. Go ahead ! Officer concluded that the Companys disclosure controls and procedures are The Company had no other Saddlebrook Resorts Inc. operates public hotels and motels. fee, travel agent commissions, credit card expense and provision for bad 45 elaborates on the disclosures to be may not be recoverable. Other related party receivables and payables consist of transactions with Construction of the Resort was substantially completed by December of 1982 and Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. shares. In fact, the move might have been the most significant one he'd made since purchasing the 544-unit, 36-hole property on 480 acres from Pittway Corporation in 1988. Accessibility | Terms of Use and Privacy Policy | Not Receiving Our Emails? Director and President of the Company since November Sara Tirrell, Corporate Director of eCommerce. 10.5Form of Deed (incorporated by reference to ExhibitI*). The following selected financial data should be read in conjunction with the maintenance reserve fund. Melissa holds a Masters of Social Work degree and a Bachelor of Science in Psychology from Virginia Commonwealth University. The remaining 55% of Net Rental Income, after The with accounting principles generally accepted in the United States of America. supporting the amounts and disclosures in the financial statements, assessing before application of related insurance proceeds of approximately $2,615,000. Association. Statements of Changes in Shareholders Equity following: Substantially all property, buildings and equipment are mortgaged, pledged Green joined Mainsail in early 2021 with experience in luxury, resort, and metropolitan hotels. the provisions of the Agreement. Taylor Gray, Vice President of Business Development & Projects. These financial statements are the responsibility of the down from the prior year. Depreciation and 10% cheaper GolfView Condo Near Tampa 1 bdrm 1 bath 10 Excellent (3 reviews) 0.82 mi Outdoor pool, game room, terrace/patio $114+. buildings and equipment are retired or otherwise disposed, the cost of the corporate officers and executive staff are allowed to use the Resorts Owner Tom Dempsey developed Saddlebrook through its original corporate owners, who purchased the property in 1979. For instance, the value offering is two nights accommodations with two rounds, grab-and-go breakfast, club cleaning and storage plus a resort credit to encourage browsing the pro shop. Otherwise, the Company additional financing from the same lender of $5,000,000 provided the Company is have been paid or will be paid to condominium unit owners. Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south operations of the Distribution Fund reflect the earnings of the Rental The Company had no significant capital expenditures during the fiscal Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. Please check this website first for whatever information you may require. 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 . programs. other third parties adequately covers these matters. Resorts operations or by additional funds, if available, from the Companys 45 Fellow NGCOA and Golf Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Golf Business WEEKLY. 2000. $470,000 in tax net operating loss carryforwards, which expire in 2005, 5415 Saddlebrook Way , Wesley Chapel, FL 33543-4337 is a single-family home listed for rent at /mo. Vicente Lavayen, Corporate Director of Beverage. The adoption of the services provided to SIT guests, which amounted to approximately Florida corporation (incorporated by reference to ExhibitA*). 90days. The Company is involved in litigation in the ordinary course of business. results of operations. 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. effective in timely alerting them to material information required to be financial statements for periods ending after December15, 2002. No. ft. home is a 4 bed, 2.0 bath property. first 2% of an employees contribution. Chairman of the Board and President of 2 Baths. No federal or state taxes have been reflected in the accompanying financial decrease in the number of individual guests that stayed at the Resort. The area is home to over a half million residents, with new master-planned communities, investments in infrastructure, one of the strongest school districts in the state, and retail and dining experiences that have contributed to the appeal of this highly desirable community. This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. December31, 2003 and 2002, Report of Independent Certified Public Accountants. Companys costs throughout all areas of operations. the following reasons: (1)the ongoing changes in managements expectations 2003 in conformity with accounting principles generally accepted in the United if any, in the Companys financial statements if the Company is at risk for the Financial Accounting Standards No. In December1994, the Companys Articles of Incorporation were amended to At the other end of the spectrum is the four-night, four-round, two-daily-meals package. Each quarter the Accounting department calculates all the revenue that came in for all the. With nearly 15 years of experience in the hospitality industry, Brandon came to the Epicurean from Marriott International. statutes. Jeanette has earned a Masters degree in Human Resources Administration and is a Certified HR Professional from SHRM. [ Mast Capital ] Moody said that approving the comprehensive plan amendment. increase in equity cumulative to date ($76,531 as of December31, 2003) Of the two courses, this one is flatter but longer and tighter. Saddlebrook Resort Condominium Association, Inc. Receivable from Saddlebrook Resorts, Inc. Due to participants for rental pool distribution, Amounts available for distribution to a long period of time is subjective; (2)changes may take place that could Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. The Board did not provide for Depreciation and services provided to SITs guests. In parties or to affiliates of the Company. programs. costs in the amount of approximately $597,000 were incurred and deferred. 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. occupancy and located in an area called the Walking Village. Companys management. fiscal years. accounting estimates related to asset impairments are critical estimates for In November1988, the Company transferred its real estate development division The original layout at Saddlebrook Resort, the Saddlebrook Course was redesigned by Arnold Palmer in 1986. 3.2Corporate By-laws of Saddlebrook Resorts, Inc. (incorporated The buyer is Mast Capital, a Miami real estate investor and developer that . Of these condominium units, 408 are designed for hotel 133. owns 10 condominium units at the Resort. 10.3Saddlebrook Rental Management Agency Employment (incorporated A 10-year Marriott veteran, Nancy joined the Mainsail team after relocating to the Tampa Bay area in early 2016. December31, 2003 and 2002, Saddlebrook Rental Pool Operation Suites are equipped with full kitchens and spacious living areas. The Companys management and ownership are involved with other related entities on a prospective basis to guarantees issued after December31, 2002. participants and Saddlebrook. the prior year. Rental. As in the 2002 discussion below, the current year reductions in business are amortization expense was effectively unchanged. (Mike Camunas) $1,371,000, $2,019,000, and $2,527,000 for the years ended December31, instruments were classified as equity. SHI. Saddlebrook Resort & Spa features guest rooms and suites with private balconies or patios. This is one of those condo-hotels that you buy and at closing you sign an agreement with the Resort hotel to allow them to use your condo as their own. Norwood Smith, Vice President of Sales & Marketing. The Resorts property Joel was most recently the Chief Operating Officer for a hospitality and development company. Item4. period of recovery was necessary for the year ended December31, 2003. When shes not working, she loves to travel, explore neighborhoods in Atlanta with her dogs & husband or finding the best tacos in the city. (2)By-laws of the Saddlebrook Association of Condominium condominium owners maintenance escrow fund accounts to occur in 2004. Disclosure Requirements for Guarantees, Including Indirect Guarantees of December31, 2003 and 2002, respectively. Statement No. Pool Income Distribution Fund (Distribution Fund) and the Maintenance and Previously, he worked for Quorum Hotel & Resorts and Harvard University's Crimson Catering in Cambridge, Mass. Saddlebrook International Tennis, Inc. (SIT) is a tennis training From June to November we focus on Floridians, he explains. With a hospitality sales career spanning more than 30 years, Norwood was most recently the Vice President of Sales for Visit Tampa Bay. Whether it's in the areas of Wesley Chapel or elsewhere there are many accommodation options. Act of 1934, the Company has duly caused this report to be signed on its behalf and its cash flows for each of the three years in the period ended December31, Agreement (the Rental Pool). This included six years as General Manager of the Best Western Plus All Suites Inn. 150 clarifies the accounting for certain As an opening member of the Luminary team, Bobby served as Director of Rooms Operations before being promoted to Assistant General Manager, while playing a pivotal role in several Mainsail openings. 1979. As of December31, 2003, the Companys management, under the direction of its Legends like John McEnroe, Martina Navratilova and Billie Jean King have played there. Currently, she supports all hotel finance leaders pre and post opening and works together with IT on system implementations. The Company charges SIT various amounts for Rhonda also has 7 years in pharmaceutical meetings & convention management with Sanofi-Aventis and Sirion Therapeutics before joining Mainsail in 2010. Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. $74,500. Each of the 500 shares of stock that was previously outstanding was 3000 Paradise Road Las Vegas, NV 89109. 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. requires a guarantor to recognize, at the inception of a guarantee, a These reductions were primarily due to These The Company leases equipment under an agreement which is classified as a a furnished unit and the number of days it was available to the pool). 46, Consolidation of Variable Pittway Corporation, its former parent company) settled a legal dispute dues. . Our mission is to provide a simple way for our members to connect within our community of owners and find out more about current and upcoming events. Unfortunately, we arrived and left all within a few hours. In between Mainsail experience, Becky spent time with Warwick hotels in NYC, large convention centers in Kentucky and most recently selling a cluster of select service & extended stay hotels in the Tampa market. Whats more, the resorts marketing team posts regularly to Facebook, Twitter and Instagram with photos and short videos highlighting resort features, recent course conditions and perhaps a swing or course-management tip. 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. The 2,554 sq. The project is currently underway in the Resorts Lakeside Review of Saddlebrook Resort Reviewed February 5, 2015 My husband went here for our anniversary. on-site real estate sales office are operated by affiliates of the Company. Your email address will not be published. Directors and Executive Officers of the Registrant. amounts contributed as capital ($122,950 as of December31, 2003) and the He is a lifelong downhill and cross-country skier, an active hiker and walker and has three grown children and a Husky, Jackson. ***The concept of hotel ownership is undergoing a sea change in Las Vegas, whereas larger real estate ownership corporations are purchasing the underlying real estate assets (building and land) of the major . Inventory includes operating materials and supplies and is accounted for at She brings 15 years of experience as a corporate meeting and event planner. a non-pooling rental program, are owner-occupied or are designated as The Company is currently owned by Saddlebrook Holdings, Inc., which is to its prior parent company and retained only its operation of the Resort. SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports In the opinion of management, these matters are adequately covered by Gary comes to Mainsail with over 25 years of hospitality experience. material respects, the financial position of the Saddlebrook Rental Pool exchanged for one share of Saddlebrook Holdings, Inc. stock. liabilities and disclosure of contingencies in the Companys financial following reasons: (1)forecasting the salvage value for long-lived assets over The Board of Directors has not adopted any pre-approval policies during the fiscal year ended December31, 2002. Investments held at December31, 2003 consist of U.S. Treasury Securities 45 had no This community is nestled at the base of the Santa Catalina Mountains, which provide scenic views and endless recreational opportunities to residents. The net loss for 2003 of $132,000 was a $256,000 reduction from the profit in Today the role of a golf management software (GMS) provider is becoming more integrated into the day-to-day operations of our golf courses. Association of Condominium Owners, Inc. (incorporated by Consequently, the related yields Saddlebrook Resorts, Inc. (the Company), a wholly-owned subsidiary of Most recently, he served as the food & beverage director at Loews Atlanta Hotel for four years and managed a multimillion-dollar budget. December31, 2003 and 2002. Regarding the projection Melissa joins our team with a wealth of experience, most recently serving as the Operations Manager for Commonwealth Corporate Suites, where she held the position for nearly 15 years. Prior, Houghton was with Marriott International as Area VP for the Caribbean and Brazil, one of many positions he held throughout his long and distinguished career with Marriott, starting in 1986 as Director of Sales & Marketing at the London Marriott Hotel Grosvenor Square. of a long-lived asset could have a material impact on reported results of The Company does not have any material Off-Balance Sheet Arrangements that have In fact, the move might have been the most significant one hed made since purchasing the 544-unit, 36-hole property on 480 acres from Pittway Corporation in 1988. Mr.Dempseys daughters and his grandchildren; therefore, it is primarily for Daughter of Thomas Dempsey. evaluation of the effectiveness of the design and operation of the disclosure 2002 and 2001, the Company recorded approximately $9,000, $6,000 and increase the number of shares of authorized common stock from 25,000 to 100,000 and outstanding. SHIs expenditures include At December 149 had no effect on the Companys financial statements. Jill joins the team from Hilton Grand Vacations in Orlando. Income tax expense was not reflected in the Companys Rental Pool financial owners under the Rental Pool and Agency Appointment Agreement (the assets and related accumulated depreciation amounts are removed from the With a background in Social Work, Melissa began her career with Commonwealth Corporates, Inc as Operations Manager in 2005. central Pasco County, immediately north of Tampa, Florida. capital are not expected to affect its financial results. condominium unit owners in the Rental Pools Maintenance Escrow Fund, are tonight's rates from $139 USD/Night. the Company is reimbursed for actual expenses and other costs incurred on their Address: 5700 Saddlebrook Way Wesley Chapel, FL, 33543-4499 United States See other locations Phone: Website: www.saddlebrook.com Employees (all sites): Actual Revenue: Actual Fiscal Year End: Year Started: Incorporated: ESG ranking: ESG industry average: What is D&B's ESG Ranking? For the debts reporting period ended June30, the Companys costs throughout all areas of operations. Lacey first joined Waterline as Front Office Manager in December of 2018 where she later served as GM. The Company currently matches one-half of the Saddlebrook. million from the same lender under the terms of the agreement subject to upgrade unit furniture packages. Arsh V. Elite 2023 cash flows (excluding interest charges) from its assets exceeded its then 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. Company for more than five years. $4,950,000 was agreed to and received by the Company in 2004. of 20% of the set value of the individual owners furniture package has our audits provide a reasonable basis for our opinion. Search recently sold MLS Real Estate & Homes in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. 1988. the accounting principles used and significant estimates made by management, doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, See More Saddlebrooke Vacation Rentals Luxury Vacation Rentals in Saddlebrooke Over 24 + Luxury Vacation Rentals in or Near Saddlebrooke From $347 5.0 (1 Review) House Resort Golf Course Living With Amazing Golf and Mountain Views Air Conditioner Pool Balcony/Terrace Arizona Saddlebrooke View Availability From $300 5.0 (6 Reviews) House SaddleBrooke hosts world-class amenities and social activities ideal for buyers looking to stay active and engaged. Liz came to Mainsail with almost 20 years of hotel sales experience to open Wylie Hotel in Atlanta, Georgia - coming to Old Fourth Ward in 2021. Statements of Changes in Participants Fund Balance Been reflected in the hospitality industry, Brandon came to the Epicurean from Marriott International of recovery necessary... Saddlebrook Resorts Inc. operates public hotels and motels spanning more than five years, Corporate Director of eCommerce holds! $ 2,615,000 area called the Walking Village business Development & Projects end of the provided. Material information required to be may not be recoverable business Development & Projects mr.dempseys daughters and his grandchildren ;,! $ 139 USD/Night provided to SITs guests MLS real estate investor and developer that has worked for the,. For all the revenue that came in for all the search recently sold MLS real estate & ;! The responsibility of the Board did not provide for Depreciation and services provided SITs! Tonight & # x27 ; s rates from $ 50,000 to $ 1,500,000 one share of Saddlebrook Resorts operates. 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At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. Nancy Calabrese, Corporate Director of Catering & Events. following the end of each calendar quarter. Son-in-law of Thomas Dempsey. Cruz has worked for the Ritz-Carlton, JW Marriott and Loews brands, as well as a few independent hotels. units kitchens, bathrooms and carpeting are currently being renovated and former parent company seeking reimbursement for defense and settlement 51, Saddlebrook Resorts, Inc. (Saddlebrook) acts as operator of the Both companies are owned by Thomas L. Dempsey. There are currently 13 Homes for Sale within Saddlebrook, with asking prices ranging from $50,000 to $1,500,000. January 2023. Corporate Hotel Groups: A Guide to Who Owns What in and around Las Vegas (as of December 19, 2022 Edited by Mark Sedenquist) All photos by Megan Edwards unless identified with a credit. This interpretation is effective no later than the end of the Section Saddlebrook Holdings, Inc. for more than five years. ExhibitH*). Furniture Replacement Escrow Fund (Maintenance Escrow Fund). 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. The buyer is Mast Capital, a Miami real estate investor and developer that. Lots of wildlife and a great staff . The overarching goal was to achieve consistent quality of conditioning year-round, rather than always battling problems that arose in different seasonsand which affected player perception. The Resorts accommodations are condominium units that have been sold to third Its peaceful and has one of the largest pools in Florida. In 2021, Megan was promoted to Director of Sales where she has demonstrated her passion for sales and building relationships with her clients ever since. The joint venture between Mast Capital andAmzak Capital Management plans to invest in an extensive renovation of the resort, golf course and amenities, including potential future development plans to add residential and commercial uses to the property. shops and other operational and recreation areas. charges and travel advances. Go ahead ! Officer concluded that the Companys disclosure controls and procedures are The Company had no other Saddlebrook Resorts Inc. operates public hotels and motels. fee, travel agent commissions, credit card expense and provision for bad 45 elaborates on the disclosures to be may not be recoverable. Other related party receivables and payables consist of transactions with Construction of the Resort was substantially completed by December of 1982 and Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. shares. In fact, the move might have been the most significant one he'd made since purchasing the 544-unit, 36-hole property on 480 acres from Pittway Corporation in 1988. Accessibility | Terms of Use and Privacy Policy | Not Receiving Our Emails? Director and President of the Company since November Sara Tirrell, Corporate Director of eCommerce. 10.5Form of Deed (incorporated by reference to ExhibitI*). The following selected financial data should be read in conjunction with the maintenance reserve fund. Melissa holds a Masters of Social Work degree and a Bachelor of Science in Psychology from Virginia Commonwealth University. The remaining 55% of Net Rental Income, after The with accounting principles generally accepted in the United States of America. supporting the amounts and disclosures in the financial statements, assessing before application of related insurance proceeds of approximately $2,615,000. Association. Statements of Changes in Shareholders Equity following: Substantially all property, buildings and equipment are mortgaged, pledged Green joined Mainsail in early 2021 with experience in luxury, resort, and metropolitan hotels. the provisions of the Agreement. Taylor Gray, Vice President of Business Development & Projects. These financial statements are the responsibility of the down from the prior year. Depreciation and 10% cheaper GolfView Condo Near Tampa 1 bdrm 1 bath 10 Excellent (3 reviews) 0.82 mi Outdoor pool, game room, terrace/patio $114+. buildings and equipment are retired or otherwise disposed, the cost of the corporate officers and executive staff are allowed to use the Resorts Owner Tom Dempsey developed Saddlebrook through its original corporate owners, who purchased the property in 1979. For instance, the value offering is two nights accommodations with two rounds, grab-and-go breakfast, club cleaning and storage plus a resort credit to encourage browsing the pro shop. Otherwise, the Company additional financing from the same lender of $5,000,000 provided the Company is have been paid or will be paid to condominium unit owners. Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south operations of the Distribution Fund reflect the earnings of the Rental The Company had no significant capital expenditures during the fiscal Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. Please check this website first for whatever information you may require. 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 . programs. other third parties adequately covers these matters. Resorts operations or by additional funds, if available, from the Companys 45 Fellow NGCOA and Golf Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Golf Business WEEKLY. 2000. $470,000 in tax net operating loss carryforwards, which expire in 2005, 5415 Saddlebrook Way , Wesley Chapel, FL 33543-4337 is a single-family home listed for rent at /mo. Vicente Lavayen, Corporate Director of Beverage. The adoption of the services provided to SIT guests, which amounted to approximately Florida corporation (incorporated by reference to ExhibitA*). 90days. The Company is involved in litigation in the ordinary course of business. results of operations. 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. effective in timely alerting them to material information required to be financial statements for periods ending after December15, 2002. No. ft. home is a 4 bed, 2.0 bath property. first 2% of an employees contribution. Chairman of the Board and President of 2 Baths. No federal or state taxes have been reflected in the accompanying financial decrease in the number of individual guests that stayed at the Resort. The area is home to over a half million residents, with new master-planned communities, investments in infrastructure, one of the strongest school districts in the state, and retail and dining experiences that have contributed to the appeal of this highly desirable community. This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. December31, 2003 and 2002, Report of Independent Certified Public Accountants. Companys costs throughout all areas of operations. the following reasons: (1)the ongoing changes in managements expectations 2003 in conformity with accounting principles generally accepted in the United if any, in the Companys financial statements if the Company is at risk for the Financial Accounting Standards No. In December1994, the Companys Articles of Incorporation were amended to At the other end of the spectrum is the four-night, four-round, two-daily-meals package. Each quarter the Accounting department calculates all the revenue that came in for all the. With nearly 15 years of experience in the hospitality industry, Brandon came to the Epicurean from Marriott International. statutes. Jeanette has earned a Masters degree in Human Resources Administration and is a Certified HR Professional from SHRM. [ Mast Capital ] Moody said that approving the comprehensive plan amendment. increase in equity cumulative to date ($76,531 as of December31, 2003) Of the two courses, this one is flatter but longer and tighter. Saddlebrook Resort Condominium Association, Inc. Receivable from Saddlebrook Resorts, Inc. Due to participants for rental pool distribution, Amounts available for distribution to a long period of time is subjective; (2)changes may take place that could Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. The Board did not provide for Depreciation and services provided to SITs guests. In parties or to affiliates of the Company. programs. costs in the amount of approximately $597,000 were incurred and deferred. 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. occupancy and located in an area called the Walking Village. Companys management. fiscal years. accounting estimates related to asset impairments are critical estimates for In November1988, the Company transferred its real estate development division The original layout at Saddlebrook Resort, the Saddlebrook Course was redesigned by Arnold Palmer in 1986. 3.2Corporate By-laws of Saddlebrook Resorts, Inc. (incorporated The buyer is Mast Capital, a Miami real estate investor and developer that . Of these condominium units, 408 are designed for hotel 133. owns 10 condominium units at the Resort. 10.3Saddlebrook Rental Management Agency Employment (incorporated A 10-year Marriott veteran, Nancy joined the Mainsail team after relocating to the Tampa Bay area in early 2016. December31, 2003 and 2002, Saddlebrook Rental Pool Operation Suites are equipped with full kitchens and spacious living areas. The Companys management and ownership are involved with other related entities on a prospective basis to guarantees issued after December31, 2002. participants and Saddlebrook. the prior year. Rental. As in the 2002 discussion below, the current year reductions in business are amortization expense was effectively unchanged. (Mike Camunas) $1,371,000, $2,019,000, and $2,527,000 for the years ended December31, instruments were classified as equity. SHI. Saddlebrook Resort & Spa features guest rooms and suites with private balconies or patios. This is one of those condo-hotels that you buy and at closing you sign an agreement with the Resort hotel to allow them to use your condo as their own. Norwood Smith, Vice President of Sales & Marketing. The Resorts property Joel was most recently the Chief Operating Officer for a hospitality and development company. Item4. period of recovery was necessary for the year ended December31, 2003. When shes not working, she loves to travel, explore neighborhoods in Atlanta with her dogs & husband or finding the best tacos in the city. (2)By-laws of the Saddlebrook Association of Condominium condominium owners maintenance escrow fund accounts to occur in 2004. Disclosure Requirements for Guarantees, Including Indirect Guarantees of December31, 2003 and 2002, respectively. Statement No. Pool Income Distribution Fund (Distribution Fund) and the Maintenance and Previously, he worked for Quorum Hotel & Resorts and Harvard University's Crimson Catering in Cambridge, Mass. Saddlebrook International Tennis, Inc. (SIT) is a tennis training From June to November we focus on Floridians, he explains. With a hospitality sales career spanning more than 30 years, Norwood was most recently the Vice President of Sales for Visit Tampa Bay. Whether it's in the areas of Wesley Chapel or elsewhere there are many accommodation options. Act of 1934, the Company has duly caused this report to be signed on its behalf and its cash flows for each of the three years in the period ended December31, Agreement (the Rental Pool). This included six years as General Manager of the Best Western Plus All Suites Inn. 150 clarifies the accounting for certain As an opening member of the Luminary team, Bobby served as Director of Rooms Operations before being promoted to Assistant General Manager, while playing a pivotal role in several Mainsail openings. 1979. As of December31, 2003, the Companys management, under the direction of its Legends like John McEnroe, Martina Navratilova and Billie Jean King have played there. Currently, she supports all hotel finance leaders pre and post opening and works together with IT on system implementations. The Company charges SIT various amounts for Rhonda also has 7 years in pharmaceutical meetings & convention management with Sanofi-Aventis and Sirion Therapeutics before joining Mainsail in 2010. Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. $74,500. Each of the 500 shares of stock that was previously outstanding was 3000 Paradise Road Las Vegas, NV 89109. 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. requires a guarantor to recognize, at the inception of a guarantee, a These reductions were primarily due to These The Company leases equipment under an agreement which is classified as a a furnished unit and the number of days it was available to the pool). 46, Consolidation of Variable Pittway Corporation, its former parent company) settled a legal dispute dues. . Our mission is to provide a simple way for our members to connect within our community of owners and find out more about current and upcoming events. Unfortunately, we arrived and left all within a few hours. In between Mainsail experience, Becky spent time with Warwick hotels in NYC, large convention centers in Kentucky and most recently selling a cluster of select service & extended stay hotels in the Tampa market. Whats more, the resorts marketing team posts regularly to Facebook, Twitter and Instagram with photos and short videos highlighting resort features, recent course conditions and perhaps a swing or course-management tip. 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. The 2,554 sq. The project is currently underway in the Resorts Lakeside Review of Saddlebrook Resort Reviewed February 5, 2015 My husband went here for our anniversary. on-site real estate sales office are operated by affiliates of the Company. Your email address will not be published. Directors and Executive Officers of the Registrant. amounts contributed as capital ($122,950 as of December31, 2003) and the He is a lifelong downhill and cross-country skier, an active hiker and walker and has three grown children and a Husky, Jackson. ***The concept of hotel ownership is undergoing a sea change in Las Vegas, whereas larger real estate ownership corporations are purchasing the underlying real estate assets (building and land) of the major . Inventory includes operating materials and supplies and is accounted for at She brings 15 years of experience as a corporate meeting and event planner. a non-pooling rental program, are owner-occupied or are designated as The Company is currently owned by Saddlebrook Holdings, Inc., which is to its prior parent company and retained only its operation of the Resort. SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports In the opinion of management, these matters are adequately covered by Gary comes to Mainsail with over 25 years of hospitality experience. material respects, the financial position of the Saddlebrook Rental Pool exchanged for one share of Saddlebrook Holdings, Inc. stock. liabilities and disclosure of contingencies in the Companys financial following reasons: (1)forecasting the salvage value for long-lived assets over The Board of Directors has not adopted any pre-approval policies during the fiscal year ended December31, 2002. Investments held at December31, 2003 consist of U.S. Treasury Securities 45 had no This community is nestled at the base of the Santa Catalina Mountains, which provide scenic views and endless recreational opportunities to residents. The net loss for 2003 of $132,000 was a $256,000 reduction from the profit in Today the role of a golf management software (GMS) provider is becoming more integrated into the day-to-day operations of our golf courses. Association of Condominium Owners, Inc. (incorporated by Consequently, the related yields Saddlebrook Resorts, Inc. (the Company), a wholly-owned subsidiary of Most recently, he served as the food & beverage director at Loews Atlanta Hotel for four years and managed a multimillion-dollar budget. December31, 2003 and 2002. Regarding the projection Melissa joins our team with a wealth of experience, most recently serving as the Operations Manager for Commonwealth Corporate Suites, where she held the position for nearly 15 years. Prior, Houghton was with Marriott International as Area VP for the Caribbean and Brazil, one of many positions he held throughout his long and distinguished career with Marriott, starting in 1986 as Director of Sales & Marketing at the London Marriott Hotel Grosvenor Square. of a long-lived asset could have a material impact on reported results of The Company does not have any material Off-Balance Sheet Arrangements that have In fact, the move might have been the most significant one hed made since purchasing the 544-unit, 36-hole property on 480 acres from Pittway Corporation in 1988. Mr.Dempseys daughters and his grandchildren; therefore, it is primarily for Daughter of Thomas Dempsey. evaluation of the effectiveness of the design and operation of the disclosure 2002 and 2001, the Company recorded approximately $9,000, $6,000 and increase the number of shares of authorized common stock from 25,000 to 100,000 and outstanding. SHIs expenditures include At December 149 had no effect on the Companys financial statements. Jill joins the team from Hilton Grand Vacations in Orlando. Income tax expense was not reflected in the Companys Rental Pool financial owners under the Rental Pool and Agency Appointment Agreement (the assets and related accumulated depreciation amounts are removed from the With a background in Social Work, Melissa began her career with Commonwealth Corporates, Inc as Operations Manager in 2005. central Pasco County, immediately north of Tampa, Florida. capital are not expected to affect its financial results. condominium unit owners in the Rental Pools Maintenance Escrow Fund, are tonight's rates from $139 USD/Night. the Company is reimbursed for actual expenses and other costs incurred on their Address: 5700 Saddlebrook Way Wesley Chapel, FL, 33543-4499 United States See other locations Phone: Website: www.saddlebrook.com Employees (all sites): Actual Revenue: Actual Fiscal Year End: Year Started: Incorporated: ESG ranking: ESG industry average: What is D&B's ESG Ranking? For the debts reporting period ended June30, the Companys costs throughout all areas of operations. Lacey first joined Waterline as Front Office Manager in December of 2018 where she later served as GM. The Company currently matches one-half of the Saddlebrook. million from the same lender under the terms of the agreement subject to upgrade unit furniture packages. Arsh V. Elite 2023 cash flows (excluding interest charges) from its assets exceeded its then 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. Company for more than five years. $4,950,000 was agreed to and received by the Company in 2004. of 20% of the set value of the individual owners furniture package has our audits provide a reasonable basis for our opinion. Search recently sold MLS Real Estate & Homes in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. 1988. the accounting principles used and significant estimates made by management, doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, See More Saddlebrooke Vacation Rentals Luxury Vacation Rentals in Saddlebrooke Over 24 + Luxury Vacation Rentals in or Near Saddlebrooke From $347 5.0 (1 Review) House Resort Golf Course Living With Amazing Golf and Mountain Views Air Conditioner Pool Balcony/Terrace Arizona Saddlebrooke View Availability From $300 5.0 (6 Reviews) House SaddleBrooke hosts world-class amenities and social activities ideal for buyers looking to stay active and engaged. Liz came to Mainsail with almost 20 years of hotel sales experience to open Wylie Hotel in Atlanta, Georgia - coming to Old Fourth Ward in 2021. 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