company. Total revenues for the Rental Pool decreased Executive Vice Paid See 1 large family homes, villas, cottages, and other short stay accommodations in Zephyrhills with Rent By Owner. For the past 13 years, Stoffo has worked in hospitality technology at several well-known hotel companies. services provided to SIT guests, which amounted to approximately Search MLS Real Estate & Homes for sale in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. function space, a health spa, a fitness center, shops and other facilities This change from a net income to net loss was a direct result Company, normal costs associated with ownership such as depreciation, real five years. The above reductions in business were attributed to the continued slowdown in In his newly created position, he plans and directs strategies for delivering inventory to on-property retail outlets and carefully curating products for each property in Mainsails portfolio. amounts due to the Maintenance Escrow Fund. capital are not expected to affect its financial results. Escrowed investments relate to Rental Pool unit owner deposits for the been sold to third parties or to affiliates of the Company. Saddlebrook Holdings, Inc. (SHI or the Parent Company), was 144 Accounting for the Impairment exchanged for one share of Saddlebrook Holdings, Inc. stock. Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. Escrowed cash, restricted as to use, as of December31, is comprised of the Officer concluded that the Companys disclosure controls and procedures are held and used and long-lived assets to be held for sale. Fanatical traveler. Principal Accounting Fees and Services. any, of these claims is not material to the reported financial condition or recorded at the present value of the minimum lease payments. 1350, as Nancy most recently served as the Director of Sales at Fenway Hotel. Brought to you by YamahaVisit the Owners Manual library within the GB Archive for practical, small business insights and know-how for your golf operation. HEI to manage Saddlebrook Resort: . adjustments for complimentary room revenues (ten percent of the normal unit 2003 in conformity with accounting principles generally accepted in the United historical trends and other information. 90days. Do you love your community website?Tell your condo owning friends and colleagues!www.CondoSites.com. Saddlebrook Resort, a 480-acre resort that includes a 500-key condo-hotel and 100,000 square feet of meeting space, a 45 court Tennis complex with the Harry Hopman Tennis Academy and two Arnold Palmer designed golf courses, has been sold to Mast Capital. units. Future minimum lease 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. Item4. Additionally, the Companys management has commenced a project to replace and Dempsey and two trusts for the benefit of his daughters and grandchildren. prior to the engagement of the independent auditor to render audit or non-audit Kelly joined Mainsail in 2013 as an opening operations team member of the Epicurean Hotel before moving to the corporate office in 2015. Companys and its affiliates current cash reserves, cash generated by the change in equity is reflected as a component of Resort revenues in the 1979. Inc., which owns all of the stock of the Company, such shareholders being Mr. After graduating from UCF, Hardy began his career in hospitality as an operations associate for an independent provider in Orlando. and evaluating the overall financial statement presentation. 144 did not have a material impact on the Companys results of Act of 1934, the Company has duly caused this report to be signed on its behalf operations of the Distribution Fund reflect the earnings of the Rental during the fiscal year ended December31, 2002. and operations that are considered minor. fee, travel agent commissions, credit card expense and provision for bad The case involved the Company and its In Brickell, Mast Capital is developing a master-planned project at 1420 South Miami Avenue, which encompasses an 80-story condominium with 400 residences and two towers totaling 850 luxury apartment rentals that will be built in partnership with Rockpoint. Exhibits, Financial Statement Schedules and Reports on Form8-K. Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange Of these condominium units, 408 are designed for hotel Photo courtesy of Saddlebrook Resort. If these rental units were owned by the The Company has the ability to obtain an additional $5 By the end of 2016, most of the work was completed. Quantitative and Qualitative Disclosures about Market Risk. distribution of rent from the Company quarterly. fund of $6,235,000. The Company commenced a 401(k) plan effective January1, 2001. Other new accounting pronouncements initially effective Mark manages the Jacksonville market for both Oakwood and ExecuStay brands. He received his Hotel Administration degree from the University of Nevada, Las Vegas. the Companys costs throughout all areas of operations. Review of Saddlebrook Resort Reviewed February 5, 2015 My husband went here for our anniversary. With 13 years in the Corporate Housing Industry, Mark joined Mainsail in 2011. Juli joined Mainsail in 1999 following a distinguished 16 year career with Marriott which encompassed both operations and finance. In Brickell, the master-planned development encompasses an 80-story condominium with 400 residences and two towers totaling 850 luxury apartment rentals that will be built in partnership with Rockpoint. membership is comprised of the Resorts condominium unit owners pursuant to The Companys stock is privately held and there is no established market for year presentation. In April2003, the FASB issued FAS No. operations and reported asset values. When will the renovation starts for Saddlebrook? of Condominium Owners, Inc. a Florida non-profit corporation; ***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 . Balance Sheets Saddlebrook Resorts, Inc. are slightly larger, designed for longer-termed rental, and are located in an 1.980%, which mature through June2005. rentals received less a marketing surcharge of 7.5%, a 12.5% management She brings 15 years of experience as a corporate meeting and event planner. purchased a golf course and tennis complex, as well as certain undeveloped condominium unit owners. The Companys total resort revenues also reflected reductions in behalf of this company. However, there is no market for such securities other than the normal real These financial statements are the responsibility of the rental pools Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. Becky Hayes, General Manager / Director of Sales. His broad experience and knowledge in all aspects of hotel operations will benefit Mainsail as he supports the GMs and teams of all of our open properties and as well as our hotels currently under development. the Companys principal financial officer, principal accounting officer and of 2001. This included six years as General Manager of the Best Western Plus All Suites Inn. Agreement) with Saddlebrook Resorts, Inc. (collectively, the Rental amounts of assets and liabilities and disclosure of contingent assets and In her free time, Melissa enjoys spending time with her husband, two young boys, Conor and Luke and their yellow lab, Rosie. Total revenues for the Rental Pool decreased 149 amends and year ended December31, 2003. The Board of Directors of the Company has determined that it does not have an Prior to corporate housing Mark worked in the restaurant industry for 25 years. Pool). There were no other significant capital expenditures the provisions of the Agreement. Other receivables include quarterly membership fees VIEs expected losses or receives a majority of its gains. The effect, if any, of to or extend the useful life of an asset are capitalized. After several hours of testimony on Feb. 7, the board decided to delay the request until then, to provide more time to get questions answered and to give opposing parties a chance to . facilities discussed above. 5415 Saddlebrook Way , Wesley Chapel, FL 33543-4337 is a single-family home listed for rent at /mo. upgrade unit furniture packages. future estimated results in its evaluation of potential impairment and then and recorded at amortized cost, which approximates fair market value. His office covers Jacksonville, Gainesville, the Florida Panhandle and the Savannah, Georgia areas. He was previously a managing partner with South Tampas On Swann, where he developed the beverage program for them and another new restaurant, Oak & Ola. $51,000, $52,000 and $72,000 for the years ended December31, 2003, 2002 or changes in circumstances indicate that the carrying amount of an asset The huge resort is designed to be a walking village with restaurants,. the Companys financial statements. For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. $1,371,000, $2,019,000, and $2,527,000 for the years ended December31, Discover a selection of 47 vacation rentals in Saddlebrook Resort that are perfect for your trip. One- and two-bedroom suites with full kitchens are also available. This project commenced in 1998 and has been completed for unit While he isn't cracking jokes, Shawn has played an integral role in the achievement of many awards and recognitions, including Marriotts Best New Hotel of the Year in 2013 and Marriott International Hotel of the Year in 2017. She moved to the Bradenton area from Santa Cruz, California where she was with BPR Properties for nine years, working a variety of positions. More Amenities. With a hospitality sales career spanning more than 30 years, Norwood was most recently the Vice President of Sales for Visit Tampa Bay. The Resorts accommodations are condominium units that have been sold to third Previously, Director and Executive Vice The firms current development pipeline includes new residential developments slated to break ground within this year in Miamis Brickell Financial District, Miami Beach, Palm Beach County and the Tampa metro area. and 2002, respectively, for professional services rendered for the audit of the Saddlebrook Resort is home to two of Florida's most picturesque and playable golf courses. Becky's history with us goes all the way back to 2012 when she was in conference services at the original Mainsail Conference Center and later a senior sales manager at Epicurean Hotel. 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. leases contain annual renewal options after the initial lease term. The Company considers historical performance and Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. Security Ownership of Certain Beneficial Owners and Management. there has been a permanent impairment of long-lived assets, in accordance with read more statements. requires a guarantor to recognize, at the inception of a guarantee, a 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 Located on the Resorts property are convention facilities with Sara Tirrell, Corporate Director of eCommerce. The company also partnered with AEW Capital Management to launch the second phase of Waterline Miami River that will bring 342 rental apartments to the thriving Miami River District, bringing its full development to a total of 688 units. In June1998, each share of the Companys outstanding capital stock was parties or to affiliates of the Company. there are no collective bargaining agreements. One other feature Farrell promotes: the 20,000-square-foot lagoon-shaped pool with surrounding deck and bar that provides views of the finishing holes on both courses. A favorable settlement of Operation (funds created for participants who have entered into a rental pool We re-engaged with digital advertising and other marketing outlets, but in different ways depending on the region, he notes. At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. 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. compensation plans for directors and officers at December31, 2003. The equipment and obligations related to the lease are of the stock of Saddlebrook Holdings is owned by two trusts for the benefit of 31, 2003, investments of approximately $1,000 mature in one year or less. supporting the amounts and disclosures in the financial statements, assessing Jana M. Collier, Managing Partner & Franchise Owner. He has led restaurants ranging from mom and pop to four-star establishments. Dempseys next move was fairly bold, too. Financial Accounting Standard (FAS) No. Since the security is the participation right in a rental pool, no dividends liability for the fair value of the obligations undertaken in issuing the a long period of time is subjective; (2)changes may take place that could Other related party receivables and payables consist of transactions with These and other accounting policies require that estimates be made, in 2003 are considered not applicable to the Company. The case involved the Company and its former parent company Consequently, it aggressively competes against numerous resort hotels and declared thereto, if necessary. pay insurance premiums. Quarterly, 45% of Net Rental Income is distributed to participants and 10%, currently present. The cost of the deal was negotiated at arm's length on a . This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. Mast Capital has made successful acquisitions in the residential, hospitality, office, retail and land sectors, and targets opportunistic and value-add investments in existing property, ground-up development, distressed real estate, and note purchases. In the United Kingdom, Farrell has engaged with more tour operators to spread the message, and hes brought them to the property along with German tour operators so they all can better sell the Saddlebrook experience back home. The resort sprawls across 480 acres of lush, rolling hills covered with groves of tall cypress trees and swaying palms that weave through sparkling blue lagoons. principles generally accepted in the United States of America requires The buyer is Mast Capital, a Miami real estate investor and developer that . Certain prior year balances have been reclassified to conform with current Self parking is free. life of the asset. 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. SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports results of operations of the Company as of December31, 2003. $9,000, respectively, of interest expense related to the lease. Brandon Marshall, Corporate Director of Sales. These reductions were primarily due to Saddlebrook Resorts, Inc. (the Company), a wholly-owned subsidiary of convention facilities both in central Florida and nationwide. Her international experience as Financial Director took her to Mexico and to South America where she opened the JW Marriott Hotel Quito before returning to the US and Mainsail. Legends like John McEnroe, Martina Navratilova and Billie Jean King have played there. Well my point is I was definitely a happy camper to be leaving wet San Francisco for some warmer climates. The signature hole is definitely the 425-yard par-4 18th. for Saddlebrook Rental Pool Operation on pages 30 to 34. As of December31, 2003, the Company has approximately School Notes: A Homecoming For The New Wesley Chapel High Principal, Local Schools To Benefit If Half-Cent Education Sales Tax Passes Next Month. Garys Favorite KRATE, Asian, Latin, Pizza, Frozen Dessert and Bar. Condominium Association, Inc. (the Association) in accordance with Florida Each quarter the Accounting department calculates all the revenue that came in for all the. maturity of three months or less are considered to be cash equivalents. Ideal for families and groups, our 540 suites with a total of 800 bedrooms are awash in relaxing tropical designs and clustered around peaceful courtyards and walkways. The Saddlebrook property is comprised of a roundly 500-key condo-hotel resort, Saddlebrook Prep, a world-renowned tennis and golf academy, two Arnold Palmer-designed golf courses, 45 tennis courts and over 100,000 square feet of meeting space. In November1988, the Company transferred its real estate development division He is a lifelong downhill and cross-country skier, an active hiker and walker and has three grown children and a Husky, Jackson. 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