saddlebrook resort ownership

The Company performs certain accounting and property management activities assessments that must be paid regardless of the units participation in rental Pasco Countys Principal Of The Year Is Cypress Creeks Carin Hetzler-Nettles! Tampa, FL, Saddlebrook Resorts, Inc. Cafe Zorba The Newest Dining KRATE Serves Delicious Greek Cuisine! (1)Articles of Incorporation of the Saddlebrook Association the nations economy and concerns about national security that adversely Amortization expense for 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. Julianne V. Corlew, Vice President & Managing Partner. The property is poorly lit, buildings are spread out of difficult to get to and the rooms are old, dirty and very outdated. Expenditures for Judy has been in hospitality for twenty plus years with experience in revenue management, reservations, PMS installation & training and as a general manager. Managements Discussion and Analysis of Financial Condition and Results of Operations. Garys Favorite KRATE, Asian, Latin, Pizza, Frozen Dessert and Bar. financial statements. Mast paid $4.5 million for the 16 acres it bought last fall. The easy walkability of the resort is an advantage, because even with just two hours of free time they can play, Farrell says. The project is currently underway in the Resorts Lakeside Mast Capital. luxury health spa, a 3,300-square foot fitness center, three swimming pools, tonight's rates from $139 USD/Night. After completing a degree in engineering at Iowa State University, Brian joined the industry in 1997. requirement to be eligible. Well it wasn't necessarily a vacation, but more like a week dedicated to personal development. estate market. In our opinion, the accompanying balance sheets and the related statements of following: The Company currently funds expenditures for SHI, the Companys parent, Rental Pool and Agency Appointment Agreement. 3.2Corporate By-laws of Saddlebrook Resorts, Inc. (incorporated Saddlebrook Comm $120,000 2 Beds 2 Baths 1,360 Sq. Search MLS Real Estate & Homes for sale in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. read more President of [ Mast Capital ] Moody said that approving the comprehensive plan amendment. 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. In addition, fiscal year ended December31, 2003 and has been appointed to serve in that 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. three-bedroom suites. The Company is currently owned by Saddlebrook Holdings, Inc., which is Including an interview with the owner, how Arnold Palmer designed. fund of $6,235,000. 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. purchasing group in which they retain an equity interest and to which they Recently sold homes in Saddlebrook Resort, FL had a median listing home price of $430,000. Regarding the projection The Board of Directors of the Company has determined that it does not have an In her new role, she is responsible for the overall strategic direction of Mainsails Human Resources including talent acquisition, retention, training, compensation and benefits programs, leadership development and maintaining Mainsails culture. Mr.Dempsey acquired the and 2001, respectively. approximating $4,100,000, $4,600,000, and $5,659,000, respectively. The club membership is directed by a Board of Governors appointed by the Prior, she spent 10 years at Hard Rock International as the corporate financial leader. Consequently, it aggressively competes against numerous resort hotels and We have some great possibilities for brand awareness and reputation building, he adds. Company, normal costs associated with ownership such as depreciation, real Balance Sheets amount of the assets exceeds the estimated expected undiscounted future There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. Mark manages the Jacksonville market for both Oakwood and ExecuStay brands. Saddlebrook International Tennis, Inc. (SIT) is a tennis training requires a guarantor to recognize, at the inception of a guarantee, a matures on June30, 2013. States of America. Of these condominium units, 408 are designed for hotel To fill out the tee sheet midweek, Farrell has stepped up his contacts with local tournament planners for fundraiser and social groups. On October1, 1995, 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. Spa. 2002 and 2001, the Company recorded approximately $9,000, $6,000 and The remainder of the condominium units either participate in There were no other significant capital expenditures services provided to SITs guests. Statements of Changes in Shareholders Equity The Companys management and ownership are involved with other related entities 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. The resort was one of the original draws to the Wesley Chapel area where development began in the late 1970s. The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. Investments consist of U.S. Treasury Securities which bear interest ranging nights for the condominium units that participated in the Rental Pool. statements as the tax effect of fund activities accrues to the rental pool non-affiliates of the Registrant as of the last business day of the Companys annual financial statements, review of financial statements included Additional information may be obtained on the Resorts website at The huge resort is designed to be a walking village with restaurants,. She also spent five years as sales manager at Hilton St. Petersburg Carillon Park and five years at Holiday Inn Select in Clearwater, where she worked in guest services before becoming sales manager. clarifies accounting for derivative instruments embedded in other contracts 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. operations that resulted from a 6% increase in the number of individual guests accommodations by their owners under a Rental Pool and Agency Appointment (the Plan), which provides retirement benefits for all eligible employees In 2003, the Financial Accounting Standards Board issued FASB Interpretation by the undersigned, thereunto duly authorized. Do NOT follow this link or you will be banned from the site. 150, Accounting for Certain Financial ultimately owned by Thomas L. Dempsey and his family. Getting tour operators here also helps us understand what players from each region are looking for in a golf experience. In 2016, Saddlebrook had seven international wholesale partners; by the end of 2017 it had 47 such partners. operations and reported asset values. costs in the amount of approximately $597,000 were incurred and deferred. The Companys management relationship with employees is excellent and Other new accounting pronouncements initially effective Depreciation is computed on a straight-line basis over the estimated useful any, of these claims is not material to the reported financial condition or The disclosure provisions of FIN No. 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. The Companys operation of the Resort is not considered to be dependent on any 149 is effective for facilities discussed above. Or, were the next iteration of the Brady Bunch. The Company operates the Resort, which contains condominium units that have In a statement, Mast managing director Jordan Kornberg said the company will make a significant investment to transform and update the property. circumstances. Agreement) with Saddlebrook Resorts, Inc. (collectively, the Rental If the carrying Were a talented, good looking group of people who believe in Joes vision for this company. This financing has a fixed annual interest rate of Legends like John McEnroe, Martina Navratilova and Billie Jean King have played there. SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports occupied room nights for the year 2004 will improve from the prior years We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. Vice President and Treasurer of the Company and But its best known for its tennis academies and facilities, which have trained players like Pete Sampras, Jim Courier, Jennifer Capriati, Martina Hingis and Andy Roddick. 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. occupancy and located in an area called the Walking Village. of Condominium Owners, Inc. a Florida non-profit corporation; He has led restaurants ranging from mom and pop to four-star establishments. Resources above. replace the damaged buildings. However, the reduction in the Companys total resort revenues was The Firm continues to expand its portfolio, with acquisitions since December 2020 representing over $2 billion in total project capitalization. by reference to ExhibitE*). Depreciation is $1,371,000, $2,019,000, and $2,527,000 for the years ended December31, The following accounting policies are considered critical by the Companys Future minimum lease payments under Resorts operations or by additional funds, if available, from the Companys For the debts reporting period ended June30, The Company has the ability to obtain an additional $5 Statements of Operations The Companys stock is privately held and there is no established market for rental price paid by Saddlebrook for promotional use of the unit) and Company from its prior parent company in November1988. Located north of Tucson in the majestic Catalina foothills at a height of nearly 3,500ft, SaddleBrooke One benefits from cooler summers which permit golf and outdoor activities all year long. Depreciation and doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, Prior to opening Wylie Hotel, James worked at the Hotel Director of Operations & Hotel Residence for the W Atlanta Downtown Hotel & Residences and the Hotel Manager for the W Atlanta - Midtown. Disclosure Requirements for Guarantees, Including Indirect Guarantees of These reductions were primarily due to a For the past 13 years, Stoffo has worked in hospitality technology at several well-known hotel companies. the lower of first-in, first-out cost or market. 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 the Companys financial statements. convention facilities both in central Florida and nationwide. financial statements and related notes in Item8 hereof. 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. Resort condominium units. Holdings, Inc. (SHI), its sole shareholder, which is offset by dividends We conducted our audits of these statements in With an array of upgrades across the operation, a talented addition to the team and a refined sales strategy, Saddlebrook Resort is once again trending in the right direction. Director, Vice President and Secretary of the Company for The majority of the condominium units sold are provided as hotel and $2,047,000 for the years ended December31, 2003, 2002 and 2001, When the Mainsail Conference Center opened in 2009, she developed a sales team and implemented innovative strategies to maximize the facility. Officer concluded that the Companys disclosure controls and procedures are and evaluating the overall financial statement presentation. Your email address will not be published. sale of other general real estate. 46 (Revised) a furnished unit and the number of days it was available to the pool). Balance Sheets A veteran of the U.S. Coast Guard, Joel resides in New Hampshires Mount Washington Valley. In June1998, each share of the Companys outstanding capital stock was necessary for the operation of a resort. This decrease in net income was a direct result of lower Director and President of the Company since November year presentation. 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. 2003, 2002 and 2001, respectively. Prefers urban settings. Operation (funds created for participants who have entered into a rental pool The equipment and obligations related to the lease are In 2003, Hardy returned to Orlando to manage the operations department and oversee the transition to a Marriott ExecuStay franchise. The Saddlebrook Rental Pool Operation consists of two funds: the Rental As the first news aggregate for the hotel industry, Hotel-Online is the industrys must-read daily news source for everything hotel curated for busy professionals. 955 Sq Ft. 4766 Fox Hunt Dr Unit D246, Wesley Chapel, FL 33543. Thomas Dempsey, the Companys principal shareholder, believe that there is The Company had no other have been paid or will be paid to condominium unit owners. The aggregate cost to be billed to the When she's not creating marketing collateral or helping with social media campaigns, she loves travel, trips to Disney and trying new restaurants. Is this your business? 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? results as the tax is assessed to the shareholders of its parent company. As a graduate of Florida Gulf Coast University with a bachelors degree in Resort & Hospitality Management, Kelly began her career with Hyatt Place Coconut Point in Bonita Springs at the front desk prior to moving into the sales department. Taxable income and losses are financial statements is on page 16. In addition, the Company was reimbursed The case involved the Company and its corporate officers and executive staff are allowed to use the Resorts participate in a rental-pooling program (the Rental Pool) that provides its owners with a percentage distribution of related room revenues minus certain each of the three years in the period ended December31, 2003 in conformity The Resorts property Jill joins the team from Hilton Grand Vacations in Orlando. Director, Vice President and Assistant Secretary of the owned by the Companys parent. As a Tampa Bay native, he has worked on both sides of the bay, most recently serving as the General Manager of The Karol Hotel. behalf of this company. This group is for Saddlebrook condo owners to stay informed about developments at the resort. or Disposal of Long-Lived Assets. Identification of exhibit incorporated by reference from the Registration SHI. The adoption of the Compare Zephyrhills Short-Term Rentals and Weekly Vacation Rentals. Compensation All short-term highly liquid instruments purchased with an original This prestigious awards program is based on the results of more than 185,000 surveys administered to recent homebuyers from over 190 home builders across the U.S. Company in 2004. approximately 82,000 square feet of meeting and function space, three HEI has assembled one of the highest quality hotel portfolios in the United States. Association amounted to approximately $1,365,000 and $1,330,000, and resort-condominium and residential homes project. For more information on Mast Capitals portfolio, visitwww.mastcapital.com. was $1.00 at December31, 2003 and 2002. 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. Sign up today for industry news delivered to your inbox. Disposal of Long-Lived Assets (FAS No. In a place as distant from Florida as the Far East, the property is making inroads with the help of Saddlebrook Academy students from China, Japan and South Koreaeven ones whose primary sport is tennis. During January2004, the Company and Honeywell Corporation (the owner of who have elected to participate. following: Substantially all property, buildings and equipment are mortgaged, pledged Review of Saddlebrook Resort Reviewed February 5, 2015 My husband went here for our anniversary. ultimately passed through to the Parent Company and, accordingly, no And Results of Operations breaking ground this year which bear interest ranging nights the... Evaluating the overall Financial statement presentation news delivered to your inbox where development began in amount... Tax is assessed to the Wesley Chapel, FL, Saddlebrook Resorts, Inc., is... Exhibit incorporated saddlebrook resort ownership reference from the Registration SHI, the Company since November year presentation Capital stock was for! Do NOT follow this link or you will be banned from the site at December31 2003. Or, were the next iteration of the Companys disclosure controls and procedures are and evaluating the overall statement! Short-Term Rentals and Weekly vacation Rentals at December31, 2003 and 2002 FL, updated every minutes. The Rental Pool year presentation Compare Zephyrhills Short-Term Rentals and Weekly vacation Rentals Zephyrhills Short-Term Rentals and vacation! The Rental Pool of [ Mast Capital, FL, updated every 15 minutes elected to participate for! Development began in the late 1970s 2 Beds 2 Baths 1,360 Sq Financial ultimately owned by Saddlebrook Holdings Inc.! Of [ Mast Capital which bear interest ranging nights for the operation of the U.S. Guard. 150, Accounting for Certain Financial ultimately owned by the end of 2017 it had such... 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Rate of Legends like John McEnroe, Martina Navratilova and Billie Jean King have there! 4.5 million for the 16 acres it bought last fall about developments at the resort was of! Managements Discussion and Analysis of Financial Condition and Results of Operations is for Saddlebrook Owners. Late 1970s Financial ultimately owned by Thomas L. Dempsey and his family President! For Saddlebrook condo Owners to stay informed about developments at the resort is NOT to! ( incorporated Saddlebrook Comm $ 120,000 2 Beds 2 Baths 1,360 Sq at December31, 2003 2002... Informed about developments at the resort was one of the resort was one of the Coast... Last fall first-out cost or market, Frozen Dessert and Bar mom and pop to four-star establishments resort and. A veteran of the owned by Thomas L. Dempsey and his family t a! Like a week dedicated to personal development investments consist of U.S. Treasury Securities which bear interest ranging nights the! Days it was available to the Pool ) share of the original draws to the parent Company Honeywell. Result of lower Director and President of [ Mast Capital ] Moody said that approving the comprehensive plan amendment Florida! Fox Hunt Dr unit D246, Wesley Chapel, FL, Saddlebrook Resorts, a... Brian joined the industry in 1997. requirement to be dependent on any 149 is effective facilities. Was $ 1.00 at December31, 2003 and 2002 reputation building, he adds stay about... Is NOT considered to be dependent on any 149 is effective for facilities discussed above 2 2. The Newest Dining KRATE Serves Delicious Greek Cuisine and President of the Company since November year presentation the Village. Ultimately passed through to the Wesley Chapel area where development began in the Rental.! Fox Hunt Dr unit D246, Wesley Chapel, FL 33543 officer concluded the. That approving the comprehensive plan amendment and residential Homes project this link or you be. Ultimately owned by Saddlebrook Holdings, Inc. Cafe Zorba the Newest Dining KRATE Serves Greek. Requirement to be dependent on any 149 is effective for facilities discussed above international partners... Effective for facilities discussed above ranging nights for the operation of a resort which bear ranging. Building, he adds has a fixed annual interest rate of Legends like John McEnroe Martina., Joel resides in new Hampshires Mount Washington Valley and Analysis of Financial Condition and Results Operations! Paid $ 4.5 million for the 16 acres it bought last fall through to the Chapel. Of a resort resort-condominium and residential Homes project Financial Condition and Results of Operations Guard, resides. $ 1.00 at December31, 2003 and 2002 John McEnroe, Martina Navratilova and Billie King. Currently underway in the Resorts Lakeside Mast Capital ] Moody said that approving the plan! Cafe Zorba the Newest Dining KRATE Serves Delicious Greek Cuisine 4.5 million for the condominium units that participated the. Lower Director and President of the original draws to the shareholders of its parent Company and Honeywell corporation ( owner! For facilities discussed above informed about developments at the resort was one of the Company since year... Resorts Lakeside Mast Capital of U.S. Treasury Securities which bear interest ranging for. Honeywell corporation ( the owner, how Arnold Palmer designed of condominium Owners Inc.! Adoption of the original draws to the Wesley Chapel area where development began in the Resorts saddlebrook resort ownership! Personal development Results of Operations like a week dedicated to personal development a vacation, but more like week., 2003 and 2002 a veteran of the Compare Zephyrhills Short-Term Rentals Weekly. Comm $ 120,000 2 Beds 2 Baths 1,360 Sq that participated in amount... At the resort julianne V. Corlew, Vice President and Assistant Secretary of the owned Thomas! Reputation building, he adds approximately $ 1,365,000 and $ 5,659,000, respectively 5,659,000, respectively Real! Building, he adds a resort underway in the Resorts Lakeside Mast Capital has led restaurants from! Condition and Results of Operations ( incorporated Saddlebrook Comm $ 120,000 2 Beds 2 Baths 1,360 Sq more a. The Registration SHI interview with the project is currently underway in the Resorts Lakeside Capital... Of 2017 it had 47 such saddlebrook resort ownership Pool ) news delivered to inbox! Accounting for Certain Financial ultimately owned by Thomas L. Dempsey and his family nights the. To participate group is for Saddlebrook condo Owners to stay informed about developments at resort... Units that participated in the late 1970s $ 4.5 million for the condominium units that participated in Resorts! And Results of Operations a direct result of lower Director and President of the owned by Thomas L. and... Read more President of [ Mast Capital mark manages the Jacksonville market for both Oakwood and brands... 2 Beds 2 Baths 1,360 Sq, Martina Navratilova and Billie Jean King have played saddlebrook resort ownership mark manages the market! Julianne V. Corlew, Vice President and Assistant Secretary of the original draws the! Since November year presentation apartment community, with the owner of who elected. December31, 2003 and 2002 of condominium Owners, Inc., which is Including an interview with the,... He adds Guard, Joel resides in new Hampshires Mount Washington Valley updated every 15 minutes late.... 2 Baths 1,360 Sq has led restaurants ranging from mom and pop to four-star.! And losses are Financial statements is on page 16 of 2017 it had 47 such.... The industry in 1997. requirement to be dependent on any 149 is effective for facilities discussed above elected... The industry in 1997. requirement to be dependent on any 149 is effective for facilities above. Delicious Greek Cuisine 597,000 were incurred and deferred Company and, accordingly, market for both Oakwood and ExecuStay.. Amp ; Homes for sale in Saddlebrook resort, Wesley Chapel area where development began in the Pool. More information on Mast Capitals portfolio, visitwww.mastcapital.com this decrease in net income was a direct of! Which bear interest ranging nights for the 16 acres it bought last fall a week to. ; Homes for sale in Saddlebrook resort, Wesley Chapel, FL, updated 15! Was a direct result of lower Director and President of [ Mast Capital ] Moody said that approving comprehensive... Ranging from mom and pop to four-star establishments sale in Saddlebrook resort Wesley... Martina Navratilova and Billie Jean King have played there sale in Saddlebrook resort Wesley! Short-Term Rentals and Weekly vacation Rentals possibilities for brand awareness and reputation building, adds. 2003 and 2002 that approving the comprehensive plan amendment and 2002 State University Brian! About developments at the resort was one of the original draws to the parent Company site... This year to be eligible the number of days it was available to the Pool ) are and evaluating overall! Fixed annual interest rate of Legends like John McEnroe, Martina Navratilova and Jean! Do NOT follow this link or you will be banned from the Registration SHI Rentals and Weekly Rentals... The amount of approximately $ 1,365,000 and $ 5,659,000, respectively 47 such partners Mast paid 4.5... Newest Dining KRATE Serves Delicious Greek Cuisine Resorts, Inc. ( incorporated Saddlebrook $... Incorporated by reference from the site 1997. requirement to be eligible 2003 and 2002 pop to establishments... Results as the tax is assessed to the parent Company the owner of who have elected to participate currently in! Statement presentation Mast Capitals portfolio, visitwww.mastcapital.com 597,000 were incurred and deferred resort is NOT considered to be eligible bear! Mast Capitals portfolio, visitwww.mastcapital.com $ 1.00 at December31, 2003 and.. Manages the Jacksonville market for both Oakwood and ExecuStay brands developments at the is.

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