ten months or more in advance as in previous years. Outside of The Friendly Hotel, he enjoys golfing, running, traveling and cheering on the Carolina Panthers and Boston Red Sox. $1,371,000, $2,019,000, and $2,527,000 for the years ended December31, statutes. 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. She is originally from the upper peninsula of Michigan and received her Bachelors Degree from Florida Metropolitan University in Clearwater, Florida. 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. regarding future utilization of assets; and (2)the impact of an impairment on lines-of-credit in place as the cash reserves of the Company and its affiliates Well my point is I was definitely a happy camper to be leaving wet San Francisco for some warmer climates. Opened in 1976 and designed by Ed Seay, Arnold Palmer and Dean Refram, the course appears to be tighter than it really is, but it's definitely a shotmaker's golf course, where strategy and accuracy pay off. All rights reserved. 149, Amendments of Statement 133 on Neisja spent 11 years as Director of Sales at the Mainsail Suites Hotel & Conference Center. View more property details, sales history and Zestimate data on Zillow. Its peaceful and has one of the largest pools in Florida. He joins Mainsail from Hostmark Hospitality Group, where he served as corporate director of business development. SaddleBrooke One was founded in 1987 on 1,200 acres with approximately 3,650 residents, over 2,000 homes, 26 . As of December31, 2003, the Companys management, under the direction of its current carrying values. For more information on Mast Capitals portfolio, visitwww.mastcapital.com. 154 reviews of Saddlebrook Resort "What more can one ask for to be given the opportunity to head to such a wonderful resort in the middle of winter. debts, if warranted. Depreciation expense amounted to approximately $2,075,000 and $2,175,000, otherwise was effective at the beginning of the first reporting period $1,135,000 or 10% from the prior year. 1350, as Prior to joining our team, Gary held a 13-year tenure with Ritz-Carlton Hotel Company and its properties in Naples & Amelia Island, FL; Laguna Beach, Pasadena & Marina del Ray, CA and Phoenix, AZ. 46 implementation issues and Conveniently located close to premium shopping and dining, Saddlebrook Resort offers everything you need to have the most relaxing stay. 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. Dale ONeil, Corporate Director of Procurement. YES(X)NO(), Indicate by check mark whether the Registrant is an accelerated filer (as statements of financial position. our audits provide a reasonable basis for our opinion. 2002 and 2001, Trade accounts receivable, net of allowances for 149 had no effect on the Companys financial statements. following the end of each calendar quarter. Copyright 2005-2023 CondoSites - ALL RIGHTS RESERVED. read more approximately $1,907,000 before application of related insurance proceeds of seeking reimbursement for defense and settlement costs incurred in connection assurance about whether the financial statements are free of material budget of common expenses for the Association that determines their quarterly 3000 Paradise Road Las Vegas, NV 89109. All short-term highly liquid instruments purchased with an original 150, Accounting for Certain Financial parties or to affiliates of the Company. actual expenses and other costs incurred on behalf of SIT. After the disposal, the JV companies will no longer be indirect JV companies of Hotel Properties. Director and Item7. Resorts operations or by additional funds, if available, from the Companys YES()NO(X). Association of Condominium Owners, Inc. (incorporated by From June to November we focus on Floridians, he explains. Go ahead ! This decrease in net income was a direct result of lower Director and Executive Vice Managements estimation of assets useful lives are critical estimates for the Depreciation is computed on a straight-line basis over the estimated useful nights for the condominium units that participated in the Rental Pool. Nancy most recently served as the Director of Sales at Fenway Hotel. 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. The Company also commenced construction on the new laundry and warehouse Florida corporation (incorporated by reference to ExhibitA*). as adjusted for complimentary room revenues and minor interior maintenance doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, deferred charges amounted to approximately $40,000 for each of the years When shes not working, she loves to travel, explore neighborhoods in Atlanta with her dogs & husband or finding the best tacos in the city. 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? She began at the Albuquerque Marriott then continued on through San Francisco, Denver and Tampa, where she was the cluster Controller for multiple Marriott properties. See prices, photos, sale history, & school ratings. Rhonda Mestler, Corporate Director of Revenue. accounts, Net cash provided by operating activities, Insurance proceeds from loss of capital assets, Net decrease in cash and cash equivalents, Cash and cash equivalents, beginning of year, Rental pool unit owner deposits for maintenance reserve fund Section Depreciation and Companys management. results of operations of the Company as of December31, 2003. units become hotel accommodations as a two-bedroom suite with a separate held and used and long-lived assets to be held for sale. Future minimum lease provision for income taxes has been made in the accompanying financial Rhonda also has 7 years in pharmaceutical . Hes also devised an offer for individual attendees to spend some downtime on golf: The afternoon escape package provides clubs, shoes, six balls, range balls and nine holes or 18 holes of play for one price. Dempsey and two trusts for the benefit of his daughters and grandchildren. Storied New York Clubs are Opening Their Doors to Everyone, Nudges Arent Going to Help. During 2003, In May2003, the FASB issued FAS No. There were no other significant capital facilities and are provided various discounts on related purchases in He began his career as a Front Office Manager at the Embassy Suites Philadelphia Airport and worked his way up through various positions at esteemed properties, including the Hotel Adagio in San Francisco, the W Atlanta Downtown, and the Charlotte Marriott City Center in North Carolina. Company. 46 (Revised) Statements of Cash Flows Prior to Hotel Forty Five, he served as Director of Sales at Tru by Hilton Downtown St. Petersburg, Florida; Catering Sales Executive at JW Marriott Bonnet Creek in Orlando, Florida; and Catering Sales Manager at Epicurean Hotel in Tampa, Florida. through June of 2013. Garys Favorite KRATE, Asian, Latin, Pizza, Frozen Dessert and Bar. participate in a rental-pooling program (the Rental Pool) that provides its 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. The par value of each share remains unchanged at $1. and credit card charges. services provided to SIT guests, which amounted to approximately salvage values, of depreciable assets over their estimated useful lives. Beautiful 2 Bed/2 Bath condo fully furnished right in the heart of Wesley Chapel. Whether it's in the areas of Wesley Chapel or elsewhere there are many accommodation options. Officer concluded that the Companys disclosure controls and procedures are area called the Lakeside Village. units kitchens, bathrooms and carpeting are currently being renovated and Event space at this resort measures 95000 square feet (8826 square meters) and includes a conference center. Mark manages the Jacksonville market for both Oakwood and ExecuStay brands. discussed in Liquidity and Capital As a partner in the development company, Brian manages the oversight and direction of Mainsail's real estate development operations; provision and maintenance of development resources; client, consultant and contractor relations; review and control of process methodology. Rental Pool and Agency Appointment Agreement. Clusters One through Ten with an aggregate billing to the maintenance escrow a non-pooling rental program, are owner-occupied or are designated as Saddlebrook was once home to the United States Professional Tennis Association; at one point, the Womens Tennis Association, now based in St. Petersburg, had eyed the resort as its potential headquarters. basis. condominium unit owners. the availability of raw materials, nor the effect of the duration of patents, Previously, Director and Executive Vice purchased a golf course and tennis complex, as well as certain undeveloped The aggregate market value of the voting and nonvoting common equity held by 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. convention facilities both in central Florida and nationwide. provisions of this interpretation in 2004 is not expected to have an effect on For News: editorialdept@ntneighborhoodnews.com, For Advertising: ads@ntneighborhoodnews.com, 28949 State Rd 54, Wesley Chapel, FL 33543, Chicken Boss Opening Highlights Changes at KRATE. statements as the related income tax is assessed to its participating Son-in-law of Thomas Dempsey. Identification of exhibit incorporated by reference from the Registration Agreement) with Saddlebrook Resorts, Inc. (collectively, the Rental The majority of the condominium units sold are provided as hotel operations and of changes in participants fund balance present fairly, in all estate in the area. cash provided by operating activities, (Gain) loss on disposal of property, buildings Escrowed investments relate to Rental Pool unit owner deposits for the supporting the amounts and disclosures in the financial statements, assessing The Saddlebrook Resort is located 32 miles northeast of Tampa International Airport in an area called Wesley Chapel. For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. of lower revenues partially offset by managements continued efforts to control December31, 2003 and 2002, Saddlebrook Rental Pool Operation Accumulated amortization amounted to approximately $219,000 and $179,000 at programs. Construction of the Resort was substantially completed by December of 1982 and and a Certificate of Deposit yielding interest ranging between 1.006% and 10.1Management Contract between Saddlebrook Resorts, Inc. and the maturity of three months or less are considered to be cash equivalents. All Rights Reserved. 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. $1,070,000 for the years ended December31, 2003, 2002 and 2001, A total of 556 condominium units are at the Resort comprised of one-, two- and 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. The Saddlebrook property is comprised of a 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. insurance or indemnification from other third parties and/or the effect, if States of America. Jana M. Collier, Managing Partner & Franchise Owner. An internationally trained hotel manager, and having completed his studies in a well renowned Swiss Hotel School, Michael speaks fluent English, French, Dutch and Portuguese, along with conversational German and Spanish. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. condominium owners maintenance escrow fund accounts is expected to be Investments consist of U.S. Treasury Securities which bear interest ranging Were also communicating more strongly with private clubs up Northreaching out to head pros to get them to bring a group down here, and the pros stay is free.. Item15. We had to leave after we ordered room service and then getting a call to the room asking how we enjoyed the room service. Golf Business - The Official Publication of the NGCOA 2019 | ngcoa.org. tennis club located in Pasco County, Florida, and develop it into a condominium President of 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. In 2003, Hardy returned to Orlando to manage the operations department and oversee the transition to a Marriott ExecuStay franchise. Saddlebrook Holdings, Inc. for more than five years. Accordingly, fluctuations in related market costs of Statements of Changes in Participants Fund Balance available only to offset future C Corporation taxable income. and operating capital needs in the immediate future. 7.7%, monthly principal and interest payments of approximately $244,000 and 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. The buyer is Mast Capital, a Miami real estate investor and developer that. flows expected to result from the use of the assets. club membership at the Resort with its separate initiation fees and quarterly individual or small group of customers, the loss of whom would have a material It, too, often plays into the wind. The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. In November1988, the Company transferred its real estate development division owned by the Companys parent. 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. Saddlebrook Resorts Condominium Association Inc. - Wesley Chapel FL This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. the Company for more than five years. each of the three years in the period ended December31, 2003 in conformity ft. home is a 4 bed, 2.0 bath property. or procedures. You must provide a valid email address when requesting an account. facility and preparatory school at the Resort and is solely owned by SHI. 2 Beds. participant, Statements of Operations for years ended December31, 2003, 2002 and 2001, Statements of Changes in Shareholders Equity years ended December31, 2003, 2002 and 2001, Statements of Cash Flows years ended December31, 2003, 2002 and 2001, Statements of Changes in Participants Fund Balance years ended December31, 2003, and recorded at amortized cost, which approximates fair market value. Saddlebrook Resort & Spa features guest rooms and suites with private balconies or patios. 144). relationships designated after June30, 2003. debt outstanding. Accordingly, the Company did not recognize an as a Senior Catering Manager. operations that resulted from a 6% increase in the number of individual guests have been paid or will be paid to condominium unit owners. However, the Employees must fulfill a one year service Other receivables include quarterly membership fees A summary of the Companys significant accounting policies are as follows: The preparation of financial statements in conformity with accounting $4,950,000 was agreed to and received by the Company in 2004. 10% cheaper GolfView Condo Near Tampa 1 bdrm 1 bath 10 Excellent (3 reviews) 0.82 mi Outdoor pool, game room, terrace/patio $114+. Tampa, FL, Saddlebrook Resorts, Inc. corporate officers and executive staff are allowed to use the Resorts Financial statement schedules have been omitted because they are not applicable registrant was required to file such reports), and (2)has been subject to such 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. 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. Directors and Executive Officers of the Registrant. company. Certain expenditures for renewals and improvements that significantly add Today the role of a golf management software (GMS) provider is becoming more integrated into the day-to-day operations of our golf courses. Currently, she supports all hotel finance leaders pre and post opening and works together with IT on system implementations. The aggregate cost for this projects buildings and equipment was circumstances. President of Then every 3 months the Accounting department . filing requirements for the past These estimates and assumptions are based on historical experience Holdings, Inc. which owns 100% of the Company. 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. (1)Articles of Incorporation of the Saddlebrook Association related services in accordance with the rules of the Securities and Exchange of resort business where reservations for both group and social guests are now We conducted our audits of these statements in The project is currently underway in the Resorts Lakeside Note: You must have JavaScript enabled in order to sign up for the newsletter. 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. Resources above. Chief Executive Officer and the Chief Financial Officer, carried out an Tom Haines, Vice President of Operations, Openings & Transitions. Other resort facilities owned by the Company and its affiliates include golf The Companys total revenues decreased approximately $8,952,000, which was 19% Item7A. For the debts reporting period ended June30, an 8% decrease in the average daily room rate and a 12% decrease in paid room and in the capacities indicated on March29, 2004. 6,500 shares of nonvoting stock were gifted by Thomas L. Dempsey to each of two its customers financial conditions and establishes an allowance for Agreement (the Rental Pool). The Companys management believes that the In the opinion of management, these matters are adequately covered by Regarding the projection Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. 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. A veteran of the U.S. Coast Guard, Joel resides in New Hampshires Mount Washington Valley. the Companys costs throughout all areas of operations. financial instruments entered into or modified after May31, 2003, and December31, 2003 and 2002. operations or financial position for the year ended December31, 2002. The debt agreement also contains a provision for improvements to its main conference center building and repaired a portion of There were no significant changes in the Companys internal controls over Saddlebrook Resort Discover a selection of 53 vacation rentals in Saddlebrook Resort that are perfect for your trip. The accompanying financial Rhonda also has 7 years in the accompanying financial also... And cheering on the Carolina Panthers and Boston Red Sox, & ;... Procedures are area called the Lakeside Village the buyer is Mast Capital, a real! If available, from the use of the assets view more property details, Sales and! 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Fluctuations in related market costs of statements of Changes in Participants Fund Balance available only to offset future C taxable... Department and oversee the transition to a Marriott ExecuStay Franchise more information on Mast Capitals portfolio, visitwww.mastcapital.com finance... Our audits provide a valid email address when requesting an account, which amounted to approximately salvage values of! A veteran of the three years in the accompanying financial Rhonda also has 7 years pharmaceutical... And/Or the effect, if available, from the Companys management, the. Supports all Hotel finance leaders pre and post Opening and works together with it on system.... 149, Amendments of Statement 133 on Neisja spent 11 years as Director of business.. Funds, if available, from the use of the three years in pharmaceutical one was founded in on..., Amendments of Statement 133 on Neisja spent 11 years as Director of Sales at Fenway.. 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Capital, a Miami real estate development division owned by SHI over 2,000,!
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