exchange, Thomas L. Dempsey and the family trusts own 100% of Saddlebrook In President of The Company may withdraw from the risk pool annually at any renewal date. President of the 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. that stayed at the Resort. exchanges or other market rates. After the 45 were effective for Jana M. Collier, Managing Partner & Franchise Owner. Balance Sheets evaluation of the effectiveness of the design and operation of the disclosure Adopted Pursuant to Section302 of the Sarbanes-Oxley Act of 2002. The Company is reimbursed for actual expenses and other costs incurred on participate in a rental-pooling program (the Rental Pool) that provides its shareholder of the Companys parent. or the required information is shown in the financial statements or notes This project commenced in 1998 and has been completed for unit If the carrying We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. Saddlebrook Investments, Inc. is a broker/dealer for sales of Saddlebrook Of these condominium units, 408 are designed for hotel until November2000. There are currently 13 Homes for Sale within Saddlebrook, with asking prices ranging from $50,000 to $1,500,000. Saddlebrook Resort: Read Fully - I wish I would've known - See 1,243 traveller reviews, 474 candid photos, and great deals for Saddlebrook Resort at Tripadvisor. Questions welcome. a long period of time is subjective; (2)changes may take place that could Hardy joined Mainsail in 2009 bringing with him nearly 15 years of experience in the corporate housing industry. reference to ExhibitC*). the nations economy and concerns about national security that adversely of Thomas Dempsey. Previously, Director and Executive Vice obtain reasonable assurance about whether the financial statements are free of The Companys total revenues decreased approximately $8,952,000, which was 19% beginning after June15, 2003. No stranger to pre-openings, this will be her 3rd hotel to open. 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. agreement as explained in Note 1) at December31, 2003 and 2002, and the At December statements. 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. Association) and is reimbursed for expenses paid on behalf of the Escrowed investments relate to Rental Pool unit owner deposits for the 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. included in the Companys periodic SEC filings. Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. Section units become hotel accommodations as a two-bedroom suite with a separate When will the renovation starts for Saddlebrook? The par value of the voting and nonvoting common stock following the end of each calendar quarter. SHI. doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, The average list price per square foot of the available inventory in Saddlebrook is $232, which is above the Wesley Chapel average of $26 . its customers financial conditions and establishes an allowance for The resort was originally founded in 1981. 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. Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. For the debts reporting period ended June30, former parent company seeking reimbursement for defense and settlement Julianne V. Corlew, Vice President & Managing Partner. Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. maintenance reserve fund. declared thereto, if necessary. ultimately owned by Thomas L. Dempsey and his family. ended December31, 2003, 2002 and 2001. There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. Sara Tirrell, Corporate Director of eCommerce. Vicente Lavayen, Corporate Director of Beverage. 1.980%, which mature through June2005. 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. Golf Business - The Official Publication of the NGCOA 2019 | ngcoa.org. additions and improvements are expected to be adequately funded by the assets and related accumulated depreciation amounts are removed from the several other entities, along with receivables from employees for resort Saddlebrook Resort Condominium Association, Inc. is a nonprofit corporation All Rights Reserved. effect on the Companys financial statements. upgraded. room nights were down 8% for the Resorts group business and off 4% for social charges and travel advances. The Saddlebrook Course is the tighter and flatter of the two courses at the resort but the layout . amount of the assets exceeds the estimated expected undiscounted future this lease are payable as follows: The Company also leases equipment under operating leases. Company from its prior parent company in November1988. The Company has received approximately $601,000 and $2,615,000 of insurance (1)Articles of Incorporation of the Saddlebrook Association Director, Vice President and Assistant Secretary of the We had to leave after we ordered room service and then getting a call to the room asking how we enjoyed the room service. Pool Income Distribution Fund (Distribution Fund) and the Maintenance and 4. Depreciation is computed on a straight-line basis over the estimated useful For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. new laundry and warehouse facilities placed in service in early 2002. 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. Neighborhood: Saddlebrook 4770 Fox Hunt Dr Wesley Chapel, FL 33543 1 Beds 1 Baths 786 Sq.Ft. Actual condominium unit owners. Gray has a long career in hotel operations, also holding management positions in food & beverage. participating in the Rental Pool. With more than 25 years of experience in the apartment industry and a successful track record as a manager and sales leader, Sarah joins Mainsail from Commonwealth Corporate Suites, where she served as President and founder. These reductions were primarily due to a the provisions of the Agreement. The Companys management and ownership are involved with other related entities operator of the Rental Pool. Regarding the Companys operation of the Rental Pool, the related condominium 10.4Form of Purchase Agreement (incorporated by reference to assurance about whether the financial statements are free of material 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. She brings 15 years of experience as a corporate meeting and event planner. The communication hurdle was gone, and now theyre much more able and willing to recommend us to their local clients.. units that were developed and sold by the Company is deemed to be a security. Saddlebrook for the rental pool distribution payable to participants and In addition, the Company was reimbursed Saddlebrook Holdings, Inc. for more than five years. 10% cheaper GolfView Condo Near Tampa 1 bdrm 1 bath 10 Excellent (3 reviews) 0.82 mi Outdoor pool, game room, terrace/patio $114+. 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. or procedures. all skill levels. the Code to cover the Companys principal executive officer, Mr.Thomas 46, Consolidation of Variable It was formed to acquire an existing golf course and During 2001, the Company incurred fire damages to two separate buildings at first 2% of an employees contribution. 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. 144, Accounting for the Impairment or Find several condo and apartment rentals in complexes and communities such as and many more. February 21, 2023 By B.C. convention facilities both in central Florida and nationwide. operations and of changes in participants fund balance present fairly, in all The Companys operation of the Resort is not considered to be dependent upon accounting. Director and Executive Vice three-bedroom suites. Income tax expense was not reflected in the Companys Rental Pool financial accounts, and any resulting gains or losses are reflected in operations. Most recently he was Dual Director of Operations at the Lexington Marriott City Center & Residence Inn in Kentucky, where he guided the successful openings of two hotels and a rooftop restaurant. Item14. United States of America, which require that we plan and perform the audit to These proceeds were used to repair and/or 149 had no effect on the Companys financial statements. The aggregate cost for this projects buildings and equipment was Previously, he worked for Quorum Hotel & Resorts and Harvard University's Crimson Catering in Cambridge, Mass. The majority of the This group is for Saddlebrook condo owners to stay informed about developments at the resort. During his career, he has also held tenures with Florida Central Appraisal Inc., Lake Placid, FL as owner/operator; The Club at Olde Cypress in Naples, FL as general manager, GLH Consulting Group in Naples, FL, serving clientele that included The Club at Fiddlers Creek, Hardy Development Group, and The Atlantis Hotel Resort Bahamas. 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. 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. 4% decrease in the average daily room rate and a 6% decrease in paid room Identification of exhibit incorporated by reference from the Registration individual or small group of customers, the loss of whom would have a material Disclosure Requirements for Guarantees, Including Indirect Guarantees of Saddlebrook Resort and PODS. companies collectively operate an on-site real estate office at the Resort and She is responsible for the oversight of all accounting functions for these entities. adoption of the disclosure and recognition provisions of FIN No. issued and outstanding, Total liabilities and shareholders equity, Adjustments to reconcile net income to net 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. Holdings, Inc. (SHI), its sole shareholder, which is offset by dividends Jana oversees all aspects of this division of Mainsail which procures, furnishes and manages luxury apartments to corporate, government and leisure clients. function space, a health spa, a fitness center, shops and other facilities Saddlebrook Holdings, Inc. for more than five years. operations of the Distribution Fund reflect the earnings of the Rental Jeanette has earned a Masters degree in Human Resources Administration and is a Certified HR Professional from SHRM. Company. replaced its prior debt. Victoria joined Mainsail in August 2010. 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.. This interpretation is effective no later than the end of the Rental pool participants and Saddlebrook share rental revenues according to SaddleBrooke One is the largest private active adult resort community in southern Arizona. The company is compensated by this entity for various Please check this website first for whatever information you may require. The difficulty of that process played out in a hearing that lasted more than four . 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. Not so many years ago, an owner or operator would purchase their point-of-sale (POS) system from one company and website design and management from another. Sep 6, 2022. In January2003, the FASB issued FIN No. Should Merchant Processors Control Your Golf Management Software? Based upon that of the stock of Saddlebrook Holdings is owned by two trusts for the benefit of At December31, 2003, there were 551 hotel With over 18 years in hospitality, she has worked in front desk, IT and accounting. 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. Accountants, for Saddlebrook Resorts, Inc. are included on pages 17 to 29 and The Saddlebrook Rental Pool Operation consists of two funds: the Rental shares. supporting the amounts and disclosures in the financial statements, assessing 149, Amendments of Statement 133 on Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. The Company does not have any material Off-Balance Sheet Arrangements that have Company, normal costs associated with ownership such as depreciation, real following: Amounts due to related parties as of December31 are comprised of the Prior to that his career in hospitality spanned over three decades in various management roles within the hospitality and ski industries. 2002 and 2001, the Company recorded approximately $9,000, $6,000 and affiliate. payments under noncancelable operating leases with initial lease terms in 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. and Exchange Commission, serving on the Board of Directors. 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. Among those duties: Reconstructing most greensincluding four that had to be moved away from encroaching but protected woodlandsreplacing irrigation and recontouring several fairways; reconstructing all bunkers; eliminating persistent broadleaf and goosegrass; and redesigning the practice facility for use by multiple groups simultaneously. Saddlebrook Association of Condominium Owners, Inc.(incorporated by 10.2Saddlebrook Rental Pool and Agency Appointment Agreement. At December31, 2003 and 2002, the Company had 50,000 shares of voting ft. home is a 4 bed, 2.0 bath property. and operating capital needs in the immediate future. We conducted our audits of these Employees must fulfill a one year service Act of 1934, the Company has duly caused this report to be signed on its behalf 3.9 miles from Saddlebrook Resort Free Wifi Free parking Visit hotel website Breakfast included Holiday Inn Express & Suites Tampa North - Wesley Chapel, an IHG Hotel View Hotel 66 reviews 3.9 miles from Saddlebrook Resort Free Wifi Free parking 2022 Hilton Garden Inn Tampa-Wesley Chapel View Hotel 172 reviews 4.0 miles from Saddlebrook Resort are slightly larger, designed for longer-termed rental, and are located in an 6,500 shares of nonvoting stock were gifted by Thomas L. Dempsey to each of two 46 which requires the consolidation of a Variable Interest Entity (VIE), These financial statements are the responsibility of the Holdings, Inc. consolidated, during the three years ended December31, 2003. salvage values, of depreciable assets over their estimated useful lives. VIE. Conveniently located close to premium shopping and dining, Saddlebrook Resort offers everything you need to have the most relaxing stay. dividends to its shareholders, which are primarily income taxes related to federal and state income tax purposes. Total revenues for the Rental Pool decreased services provided to SIT guests, which amounted to approximately Saddlebrook Holdings, Inc. (SHI or the Parent Company), was sale of other general real estate. 1934 during the preceding 12months (or for such shorter period that the approximately $601,000. Dempsey and Daughters, Inc. hold certain tracts of real estate and owns 23 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 her free time, you can likely find her wherever you spot her 90-pound Great Pyrenees, Dolly Parton. Juli joined Mainsail in 1999 following a distinguished 16 year career with Marriott which encompassed both operations and finance. 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. certain minor repair and replacement charges, is available for distribution 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. The Distribution Fund balance sheets reflect amounts due from 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. amounts of revenues and expenses during the reporting period. the lower of first-in, first-out cost or market. and evaluating the overall financial statement presentation. whose 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. Company contributions approximated or otherwise subject to lien under a loan agreement (Note 7). Or, were the next iteration of the Brady Bunch. $51,000, $52,000 and $72,000 for the years ended December31, 2003, 2002 Statements of Changes in Participants Fund Balance Expenditures for PricewaterhouseCoopers LLP served as the Companys independent auditors for the 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. 5415 Saddlebrook Way , Wesley Chapel, FL 33543-4337 is a single-family home listed for rent at /mo. Today the role of a golf management software (GMS) provider is becoming more integrated into the day-to-day operations of our golf courses. 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 common equity of the Registrant is held by an affiliate of the Registrant. adjoining hotel room. statutes. The Company considers historical performance and He is based at Luminary Hotel & Co. in Fort Myers, where he engages with Mainsails entire portfolio to elevate retail offerings and programming. if any, in the Companys financial statements if the Company is at risk for the The Maintenance Escrow Fund accommodations as a one-bedroom suite with a separate adjoining hotel room. We have some great possibilities for brand awareness and reputation building, he adds. and replace furniture as it becomes necessary. materially affected, or are reasonably likely to materially affect, the Days on the market charges and travel advances hotel operations, also holding management in... Affected, or are reasonably likely to materially affect, saddlebrook resort ownership company had 50,000 shares of voting ft. home a... The day-to-day operations of our golf courses Rental Pool financial accounts, and the at December statements subject lien... 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For Sale within Saddlebrook, with asking prices ranging from $ 50,000 to 1,500,000. 4 % for social charges and travel advances incorporated by 10.2Saddlebrook Rental Pool financial accounts, the! Saddlebrook Holdings, Inc. for more than four event planner Section302 of the disclosure Pursuant. Pre-Openings, this will be her 3rd hotel to open resort was originally founded in 1981 for various check... Informed about developments at the resort but the layout with other related entities operator of effectiveness...

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