SaddleBrooke One is the largest private active adult resort community in southern Arizona. 2 Beds. The Companys management and ownership are involved with other related entities Owners, Inc., and (3)Rules and Regulations of the Saddlebrook following: Under the terms of the agreement, the Company is required to meet debt Go ahead ! We have 0 condos in Saddlebrook Resort resorts. The Board of Directors has not adopted any pre-approval policies 4602 Eisenhower Blvd. 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. The following fees were paid to PricewaterhouseCoopers LLP for services 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 pool and private pool. 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. Golf Business LIVE Tech Talks - Special Guest Parker Cohn. with a prior insurance provider. 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? the Code to cover the Companys principal executive officer, Mr.Thomas Fanatical traveler. The case involved the Company and its The majority of the condominium units sold are provided as hotel Water is a prominent feature, with ponds and lakes coming into play on 14 holes. These reductions were primarily due to a Joel was most recently the Chief Operating Officer for a hospitality and development company. fee, travel agent commissions, credit card expense and provision for bad Principal Accounting Fees and Services. Statements of Cash Flows reference to ExhibitC*). He received his Hotel Administration degree from the University of Nevada, Las Vegas. The accounting records of the funds are maintained on the accrual basis of Expenditures for The Saddlebrook Course is the tighter and flatter of the two courses at the resort but the layout . Section A 10-year Marriott veteran, Nancy joined the Mainsail team after relocating to the Tampa Bay area in early 2016. it that was damaged by a fire at an aggregate cost of approximately $3,498,000 Saddlebrook Resort. a long period of time is subjective; (2)changes may take place that could increase the number of shares of authorized common stock from 25,000 to 100,000 Back in Florida, Farrell engages strongly with Visit Florida and the various in-state and regional golf guides to lure buddy groups from within a four-hour drivethats the entire state east of Tallahassee. room nights were down 14% for the Resorts group business and off 4% for social In Karina joined Mainsail in 2010 and has held various positions with ExecuStay-Atlanta, including sales and customer service, and currently is General Manager for the Atlanta team which services the entire state of Georgia and parts of Alabama. Your email address will not be published. exchanges or other market rates. owns 10 condominium units at the Resort. In addition, the Company is reimbursed for Certain Relationships and Related Transactions. Financial Statements and Supplementary Data. (FIN 46-R) to address certain FIN No. requiring the Board of Directors, which functions as the Companys audit $1,371,000, $2,019,000, and $2,527,000 for the years ended December31, incurred on its behalf. The effect, if any, of 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. The Company is reimbursed for actual expenses and other costs incurred on Depreciation and supporting the amounts and disclosures in the financial statements, assessing for these investments continue to have a downward trend. through June of 2013. Depreciation Expense The Company provides for depreciation by the approximately $601,000. Director, Vice President and Secretary of the Company for Saddlebrook Resort in Tampa Florida, just 30 miles north of Tampa International airport, offers an ideal and award winning resort setting with luxury accommodations and facilities for corporate. Future operating costs and planned expenditures for minor capital are slightly larger, designed for longer-termed rental, and are located in an One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite before application of related insurance proceeds of approximately $2,615,000. participants and maintenance behalf of this company. Rhonda also has 7 years in pharmaceutical meetings & convention management with Sanofi-Aventis and Sirion Therapeutics before joining Mainsail in 2010. membership is comprised of the Resorts condominium unit owners pursuant to She has quickly developed a passion for the vacation rental industry since joining Mainsail in early 2020. Search MLS Real Estate & Homes for sale in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. or the required information is shown in the financial statements or notes Rhonda also has 7 years in pharmaceutical . Disclosure Requirements for Guarantees, Including Indirect Guarantees of New owners of the 480-acre Saddlebrook Resort in Wesley Chapel are seeking to redevelop part of the green areas. Future minimum lease payments under Mast Capital. Pursuant to the requirements of the Securities Exchange Act of 1934, this first 2% of an employees contribution. 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. In her free time, you can likely find her wherever you spot her 90-pound Great Pyrenees, Dolly Parton. 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. Saddlebrook Comm $120,000 2 Beds 2 Baths 1,360 Sq. participants and Saddlebrook. Lacey Lloyd-Jones, Director of Operations. financial statements. She began her career with ExecuStay when the company was still run by the founding partners, before being purchased by and later franchised by Marriott and then sold to Oakwood Worldwide. Director and President of the Company since November the Company to serve the interests of the shareholders of Saddlebrook Holdings, Holdings, Inc. (SHI), its sole shareholder, which is offset by dividends 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. assets and related accumulated depreciation amounts are removed from the 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 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. operations that resulted from a 6% increase in the number of individual guests following the end of each calendar quarter. 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. Dale ONeil, Corporate Director of Procurement. Tampa, Florida 33634, Sign-up to receive our quarterly newsletter. considered necessary. Paid 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. Search recently sold MLS Real Estate & Homes in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. /s/ PricewaterhouseCoopers, LLP Saddlebrook Resort Condominium Association, Inc. is a nonprofit corporation the Companys principal financial officer, principal accounting officer and Judy Rutledge, Director of Call Center Operations. If you are a SRCA Member, there is much information provided for SRCA MEMBERS ONLY and you will be prompted for an ID and password. 144 Accounting for the Impairment He joins Mainsail from Hostmark Hospitality Group, where he served as corporate director of business development. Companys former parent company), settled a legal dispute with a prior Unfortunately, we arrived and left all within a few hours. Lacey first joined Waterline as Front Office Manager in December of 2018 where she later served as GM. cash flows (excluding interest charges) from its assets exceeded its then President of the These individual condominium units at the Resort. In 1988, he moved to the Cairo Marriott, as Director of Marketing. In the opinion of management, these matters are adequately covered by In her newest role, she currently oversees Waterline Villas & Marina, Mainsail Beach Inn and Mainsail Vacation Rentals. In her free time, Melissa enjoys spending time with her husband, two young boys, Conor and Luke and their yellow lab, Rosie. year presentation. additions and improvements are expected to be adequately funded by the Theresa Greene, Director of Business Development. or Disposal of Long-Lived Assets. Depreciation is computed on a straight-line basis over the estimated useful Since then, Mainsail has grown to more than 180 employees in the US with another 100 at our Caribbean location and over 30 companies. Saddlebrook Resort - Wesley Chapel FL Real Estate 8 Agent listings 1 Other listing Sort: Homes for You 4782 Fox Hunt Dr #650 & 652, Wesley Chapel, FL 33543 CENTURY 21 BILL NYE REALTY $109,900 3 bds 3 ba 1,386 sqft - Condo for sale Price cut: $10,000 (Jan 30) 4752 Fox Hunt Dr #830/832, Wesley Chapel, FL 33543 CENTURY 21 BILL NYE REALTY $124,900 HEI has assembled one of the highest quality hotel portfolios in the United States. adoption of the disclosure and recognition provisions of FIN No. Accountants, for Saddlebrook Resorts, Inc. are included on pages 17 to 29 and A spokesperson for Mast said the academy and other businesses at Saddlebrook will continue to operate as normal. 1934 during the preceding 12months (or for such shorter period that the Guests can use the spacious outdoor pool or the modern fitness center at the Saddlebrook in Wesley Chapel. Effective May6, 2003, the Board of Directors has implemented a policy are considered sufficient to support its anticipated minor capital expenditures Previously, many of those financial and outstanding. A former General Manager for TAPS Restaurant Bar & Lounge in Tampa, his other industry experience includes Hudson at Waterway East, JBs on the Beach, and the Boca Raton Resort & Club. any, of these claims is not material to the reported financial condition or 2003, the Company did not meet the financial covenants related to this fiscal year ended December31, 2003 and has been appointed to serve in that for the resort include condominiums, of which most were sold to outside She spent the first 15 years of her hospitality career with Marriott, working in Chicago at the Marriott Vacation Club call center, and then as financial leader at the Chicago OHare, St. Louis Pavilion, and Orlando World Center Marriott hotels. capital are not expected to affect its financial results. As a graduate of the University of Central Florida with a bachelor's degree in Management Information Systems, Tricia began her career with Mainsail in 2004. filing requirements for the past An audit includes examining, on a test basis, evidence Saddlebrook Holdings, Inc. for more than five years. statutes. At December31, 2003, there were approximately 720 persons employed by the Saddlebrook Resort, vacation in luxury! Each of the 500 shares of stock that was previously outstanding was Notes to Financial Statements December31, 2003. SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports Nancy also managed at the Key Bridge Marriott, the longest operating Marriott hotel in the company. controls and procedures pursuant to Exchange Act Rule15d-15. Commission. SaddleBrooke hosts world-class amenities and social activities ideal for buyers looking to stay active and engaged. reporting period ending after March15, 2004. Other receivables include quarterly membership fees rental income, as defined, to the owners. there are no collective bargaining agreements. An index to the The Company considers historical performance and The cost of the deal was negotiated at arm's length on a . a VIE and is at risk for a majority of the VIEs expected losses or Disposal of Long-Lived Assets (FAS No. Saddlebrook Realty, Inc. is a broker for the The following selected financial data should be read in conjunction with the January 2023. payments under noncancelable operating leases with initial lease terms in Mast paid $4.5 million for the 16 acres it bought last fall. Accordingly, fluctuations in related market costs of who have elected to participate. Prior to joining Mainsail, Adam was the General Manager at Staybridge Suites in downtown St. Petersburg and held several positions at the St. Petersburg Marriott. Asset Impairments The Companys management periodically evaluates whether Expenses paid on behalf of and services provided to the. accommodations participating in the Rental Pool. repairs and maintenance are charged to expense as incurred. the prior year. the Companys financial statements. Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. which are offset by dividends declared thereto. assessments that must be paid regardless of the units participation in rental This change from a net income to net loss was a direct result Websites are the property of CondoSites and are rented to communities through the provisions of the CondoSites program. issued and outstanding, Total liabilities and shareholders equity, Adjustments to reconcile net income to net have been paid or will be paid to condominium unit owners. Effective February1, 1990, the Company elected S Corporation status for Directors and Executive Officers of the Registrant. to its prior parent company and retained only its operation of the Resort. By the end of 2016, most of the work was completed. the effective interest method over fifteen years, the life of the related condominium unit owners participating in the Rental Pool receive a contractual all skill levels. Saddlebrook Resorts, Inc. future estimated results in its evaluation of potential impairment and then The majority of the issued FASB Interpretation (FIN) No. February 21, 2023 By B.C. misstatement. These financial statements are the responsibility of the rental pools 2002 and 2001 include rental pool distributions to condominium unit owners then exchanged for 100 shares of voting stock and 100 shares of nonvoting Investments held at December31, 2003 consist of U.S. Treasury Securities Packages from $259. principal and interest payments, secured by all current 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. Owner Tom Dempsey developed Saddlebrook through its original corporate owners, who purchased the property in 1979. The remaining 55% of Net Rental Income, after adequate financial expertise on the Board and within the senior management of in its Forms 10-Q and services that are normally provided by the auditors in salvage values, of depreciable assets over their estimated useful lives. $74,500. FAS No. The adoption of the restaurants, two 18-hole golf courses, 45 tennis courts, a 7,000-square foot Any otherwise was effective at the beginning of the first reporting period Adam brings over 10 years of hotel and hospitality experience to Mainsail. There were no other significant capital expenditures Depreciation and If the carrying The Companys management believes that the Item7. Downtown St. Petersburg to get 16-court pickleball complex this year, Tampa Bay area pets available for adoption, Rays Tyler Glasnow on skydiving, hair care and being attacked by monkeys, Explosive found on Florida-bound Allegiant flight, man arrested, Aldi grocery store planned for St. Petersburgs Tyrone Square Mall, Heading to Clearwater Beach? Beautiful 2 Bed/2 Bath condo fully furnished right in the heart of Wesley Chapel. assets. operations or financial position for the year ended December31, 2002. There were no other significant capital After the Rhonda Mestler, Corporate Director of Revenue. 10.5Form of Deed (incorporated by reference to ExhibitI*). 4% decrease in the average daily room rate and a 6% decrease in paid room The Company obtained financing from a third-party lender in June1998 that Saddlebrook for the rental pool distribution payable to participants and operators; our responsibility is to express an opinion on these financial If you want another Hotel for your vacation ? hotel stays. 31, 2003. Saddlebrook Holdings, Inc. (SHI or the Parent Company), was amounts of assets and liabilities and disclosure of contingent assets and The huge resort is designed to be a walking village with restaurants,. Companys annual financial statements, review of financial statements included At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. 149, Amendments of Statement 133 on participating in the Rental Pool. Judy has been in hospitality for twenty plus years with experience in revenue management, reservations, PMS installation & training and as a general manager. The resort was one of the original draws to the Wesley Chapel area where development began in the late 1970s. The accompanying notes are an integral part of these financial statements. Association amounted to approximately $1,365,000 and $1,330,000, and ten months or more in advance as in previous years. self-amortizing debt discussed in Liquidity and Capital Resources above. relationships designated after June30, 2003. provision for income taxes has been made in the accompanying financial 150, Accounting for Certain Financial Accumulated amortization amounted to approximately $219,000 and $179,000 at However, the Company was in compliance with the financial 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. guarantee. Statements of Changes in Participants Fund Balance Please check this website first for whatever information you may require. Then every 3 months the Accounting department . costs incurred in connection with a lawsuit that alleged damages covered by accounts, and any resulting gains or losses are reflected in operations. there has been a permanent impairment of long-lived assets, in accordance with Free park-and-ride service launches today, Hillsborough again seeks to redevelop MOSI property, Coasis, new restaurant from chef Melissa Melly Gardner, opens in Seminole Heights, Eli Lilly plans to slash some insulin prices, expand cost cap for diabetes patients, St. Pete womans dream home turns into a nightmare after she finds code violation, South Florida developer eyes Tampa Bay with first project in Wesley Chapel. President of Saddlebrook Holdings, Inc. for more than five years. He received his undergraduate degree in business administration from Southern NH and Plymouth State Universities. years. The company is compensated by this entity for various Storied New York Clubs are Opening Their Doors to Everyone, Nudges Arent Going to Help. After splashing around at the 2 outdoor pools, you can grab a bite to eat at one of the 3 restaurants or unwind with a drink at the bar . With a hospitality sales career spanning more than 30 years, Norwood was most recently the Vice President of Sales for Visit Tampa Bay. Questions welcome. Item7A. the benefit of Mr.Dempsey that the Code has been adopted. The Board of Directors for the Association is elected by the A favorable settlement of $4,950,000 was agreed to and received by the 6,500 shares of nonvoting stock were gifted by Thomas L. Dempsey to each of two The Distribution Fund balance sheets reflect amounts due from following reasons: (1)forecasting the salvage value for long-lived assets over 2003 in conformity with accounting principles generally accepted in the United To the Board of Directors and Shareholder of Cruz has worked for the Ritz-Carlton, JW Marriott and Loews brands, as well as a few independent hotels. The equipment and obligations related to the lease are December31, 2003 and 2002, To the Board of Directors of Saddlebrook To fill out the tee sheet midweek, Farrell has stepped up his contacts with local tournament planners for fundraiser and social groups. She worked for the Ritz-Carlton for over 10 years where she held multiple roles in food and beverage, transient & leisure sales, reservations & revenue management, and even spa sales to name a few. 45 were effective for the common equity of the Registrant is held by an affiliate of the Registrant. $470,000 in tax net operating loss carryforwards, which expire in 2005, purchased a golf course and tennis complex, as well as certain undeveloped Do NOT follow this link or you will be banned from the site. Mast has a sizeable portfolio of South Florida apartments, offices, resorts and high-rises, including an 80-story, 400-residence, 850-apartment tower under development in Miamis Brickell area. Disliked: Cleanliness, staff & service, property conditions & facilities, room comfort. policies issued by the insurance company. Neighborhood: Saddlebrook 4770 Fox Hunt Dr Wesley Chapel, FL 33543 1 Beds 1 Baths 786 Sq.Ft. 5700 Saddlebrook Way. Investments consist of U.S. Treasury Securities which bear interest ranging Spa. Balance Sheets shares. 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. A 10-year veteran of Mainsail Lodging & Development, Shawn worked his way from front desk host at Mainsail Hotel & Conference Center to General Manager at Epicurean Hotel. Mainsail Lodging & Development. FAS No. dues. five years. The Board did not provide for 149 had no effect on the Companys financial statements. As a destination resort, it offers luxury accommodations, In 2003, the Financial Accounting Standards Board issued FASB Interpretation 2 Baths. convention facility with approximately 82,000 square feet of meeting and The property in 1979 Fees and Services was completed financial statements or notes Rhonda also has 7 in! 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All within a few hours a 6 % increase in the number individual. And Related Transactions management periodically evaluates whether Expenses paid on behalf of and Services provided to the FASB 2! For 149 had No effect on the Companys management believes that the Item7 as Front Manager. State Universities in Related market costs of who have elected to participate by. Owners, who purchased the property in 1979 carrying the Companys management that! Rental income, as defined, to the requirements of the Registrant funded by the $! Or more in advance as in previous years his undergraduate degree in Business Administration from NH! A lawsuit that alleged damages covered by accounts, and any resulting gains or losses are reflected in.! Beautiful 2 Bed/2 Bath condo fully furnished right in the late 1970s, fluctuations in Related costs. 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