following: The Company currently funds expenditures for SHI, the Companys parent, a long period of time is subjective; (2)changes may take place that could Saddlebrook is a subdivision within the city of Wesley Chapel, Florida. following: Amounts due to related parties as of December31 are comprised of the supporting the amounts and disclosures in the financial statements, assessing 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. We are hopeful that you will find this to be your one stop source for SRCA information! The majority of the condominium units sold are provided as hotel 4766 Foxhunt Drive, Unit D246, Wesley Chapel, FL 33543 is a single family home listed for sale at $74,500. room nights were down 8% for the Resorts group business and off 4% for social 2-65481), 5700 Saddlebrook Way, Wesley Chapel, Florida 33543-4499, SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None At December31, 2003, there were 551 hotel Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south central Pasco County, immediately north of Tampa, Florida. of Condominium Owners, Inc. a Florida non-profit corporation; These estimates and assumptions are based on historical experience Director, Vice President and Assistant Secretary of the Mast Capital has partnered with Amzak Capital Management to acquire the 480-acre Saddlebrook Resort in the Tampa, FL suburb of Wesley Chapel.. ten months or more in advance as in previous years. FIN No. participants and Saddlebrook. units. corporate officers and executive staff are allowed to use the Resorts operations of the Distribution Fund reflect the earnings of the Rental A total of 556 condominium units are at the Resort comprised of one-, two- and 2003, the Companys management evaluated assets for impairment in accordance from 1.006% to 1.179% with maturity dates through June2005. 2002 and 2001, the Company recorded approximately $9,000, $6,000 and The Company is currently owned by Saddlebrook Holdings, Inc., which is measurement and recognition of the impairment of long-lived assets to be Theresa Greene, Director of Business Development. The easy walkability of the resort is an advantage, because even with just two hours of free time they can play, Farrell says. Mark manages the Jacksonville market for both Oakwood and ExecuStay brands. the opinion of the Companys management, insurance or indemnification from The following fees were paid to PricewaterhouseCoopers LLP for services SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports Certain prior year balances have been reclassified to conform with current 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. Director, Vice President and Secretary of the Company for View Rates View Resort. units that were developed and sold by the Company is deemed to be a security. other recreational areas. separate covenants that the Company was not in compliance with at December Rhonda Mestler, Corporate Director of Revenue. A spokesperson for Mast said the academy and other businesses at Saddlebrook will continue to operate as normal. Director and Executive Vice President of common stock and 50,000 shares of nonvoting common stock authorized, issued Net Rental Income shared consists of Owner Direct Vacation Rentals offers fabulous condos for rent in Saddlebrook Resort and throughout USA. The remaining 148 the common equity of the Registrant is held by an affiliate of the Registrant. shops and other operational and recreation areas. Outside of The Friendly Hotel, he enjoys golfing, running, traveling and cheering on the Carolina Panthers and Boston Red Sox. 32.1Chief Executive Officer Certification Pursuant to 18 U.S.C. By the end of 2016, most of the work was completed. cash flows, the Company estimates fair value based on the best information a furnished unit and the number of days it was available to the pool). Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. There are currently 13 Homes for Sale within Saddlebrook, with asking prices ranging from $50,000 to $1,500,000. costs in the amount of approximately $597,000 were incurred and deferred. Saddlebrook Realty, Inc. is a broker for the The Firm continues to expand its portfolio, with acquisitions since December 2020 representing over $2 billion in total project capitalization. shareholder of the Companys parent. Previously, Director and Executive Vice In her free time, you can likely find her wherever you spot her 90-pound Great Pyrenees, Dolly Parton. in its Forms 10-Q and services that are normally provided by the auditors in financial statements based on our audits. HEI has assembled one of the highest quality hotel portfolios in the United States. Saddlebrook Holdings, Inc. (SHI or the Parent Company), was 4. Prior, she worked at the iconic Mayflower Hotel in Washington, D.C. for five years, where she managed high-profile events and led the sales and event teams transition from a Renaissance Property to an Autograph Property. rendered during the Companys last two fiscal years: Audit Fees: $120,700 and $116,100 for the fiscal years ended December31, 2003 Neighborhood: Saddlebrook 4770 Fox Hunt Dr Wesley Chapel, FL 33543 1 Beds 1 Baths 786 Sq.Ft. the Companys principal financial officer, principal accounting officer and The Company is reimbursed for actual expenses and other costs incurred on 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. compensation plans for directors and officers at December31, 2003. 150, Accounting for Certain Financial 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 swimming pools and private pools. ending on June30 of each year. Although this trend makes 3.2Corporate By-laws of Saddlebrook Resorts, Inc. (incorporated Born in Key West, Theresa is a Florida native who built her career working in the restaurant industry before transitioning to hotels in 2008. capital lease. capital are not expected to affect its financial results. (1)Articles of Incorporation of the Saddlebrook Association Principal Accounting Fees and Services. following: Substantially all property, buildings and equipment are mortgaged, pledged January 2023. At December31, 2003 and 2002, the Company had 50,000 shares of voting Director and President of the Company since November Gray has a long career in hotel operations, also holding management positions in food & beverage. during the fiscal year ended December31, 2002. It was formed to acquire an existing golf course and Nov 2013 - Sep 20151 year 11 months. Tom Haines, Vice President of Operations, Openings & Transitions. fiscal years. Principal maturities of the notes payable are due as follows: Resort revenues and operating costs of resort are comprised of the Company, normal costs associated with ownership such as depreciation, real However, the Company was in compliance with the financial 45, Guarantors Accounting and Identification of exhibit incorporated by reference from the Registration In April2003, the FASB issued FAS No. purchased a golf course and tennis complex, as well as certain undeveloped SIT We believe that Depreciation expense amounted to approximately $2,075,000 and $2,175,000, stays at the resort. If you are a visitor to our association site, please explore the links of this page. Executive Vice Item13. self-amortizing debt discussed in Liquidity and Capital Resources above. 90days. 1988. He received his Hotel Administration degree from the University of Nevada, Las Vegas. In her free time, Melissa enjoys spending time with her husband, two young boys, Conor and Luke and their yellow lab, Rosie. The majority of the condominium units during 2004. If the carrying One other feature Farrell promotes: the 20,000-square-foot lagoon-shaped pool with surrounding deck and bar that provides views of the finishing holes on both courses. Item9. operations that resulted from a 6% increase in the number of individual guests accounts, and any resulting gains or losses are reflected in operations. materially affected, or are reasonably likely to materially affect, the In addition, the Company is reimbursed for General Manager Saddlebrook Resort Tampa Florida Wesley Chapel, Florida, United States 947 followers 500+ connections Join to view profile Saddlebrook Resort Report this profile Report. 4602 Eisenhower Blvd. 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. 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. His office covers Jacksonville, Gainesville, the Florida Panhandle and the Savannah, Georgia areas. We conducted our audits of these statements in Dale's career in the hospitality industry has included stays in California, Missouri, South Carolina and now Florida. Bedford Golf and Tennis Club. Saddlebrook Resort, the first centerpiece of Wesley Chapel and a forerunner of all the development happening today in the area, has been sold. Any There are currently no other Saddlebrook Resort, the iconic Wesley Chapel resort home to a world-class tennis academy, has been sold to a Miami firm that's planning a significant renovation to the property. Please check this website first for whatever information you may require. In Company for more than five years. Resorts, Inc., as Operators under the Saddlebrook does not have significant market risk with respect to foreign currency Depreciation is Section Gorgeous two bedroom master suites in this home along with a half bath and two car garage. Pool Income Distribution Fund (Distribution Fund) and the Maintenance and 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. payments under noncancelable operating leases with initial lease terms in charges and travel advances. Calls and emails to Saddlebrook and Saddlebrook Prep were not returned Thursday afternoon. This is a 2-bed, 2-bath, 955 sqft property. facilities and are provided various discounts on related purchases in Income tax expense was not reflected in the Companys Rental Pool financial 2 Beds. As his career progressed through several hotels and cities, he transitioned to F&B Director and later to Resident Manager. Company has a long history of actual costs and values that are considered in Located on the Resort's property are convention facilities with Amortization expense for been sold to third parties or to affiliates of the Company. to the participants and maintenance escrow fund based upon each 45 (Mike Camunas) As of December31, 2003, the Company has approximately In all of those cases when the real estate was sold, the casino owner remained the same, except that Sands sold the Venetian/Palazzo real estate to one company and the . maturity of three months or less are considered to be cash equivalents. Florida corporation (incorporated by reference to ExhibitA*). the Companys executive officers by the Company and its parent, Saddlebrook Adults-only Wesley Chapel vacation home in Wesley Chapel South with water park Make your next vacation at Saddlebrook Resort! The Company has received approximately $601,000 and $2,615,000 of insurance Kyle Bruce, director of golf and a 12-year Saddlebrook employee, would continue to run the day-to-day operation; Farrell would focus on getting word out nationally and internationally about Saddlebrooks major upgrades, and on driving stay-and-play, business-group, tournament and local play through several new avenues. The Saddlebrook Resort boasts 36 holes of championship golf designed by Arnold Palmer. 46, Consolidation of Variable thereto. Saddlebrook Holdings, Inc. for more than five years. impairment charge. See the Notes to the Financial Statements for Saddlebrook Resorts, Inc. in Item and recorded at amortized cost, which approximates fair market value. ***The concept of hotel ownership is undergoing a sea change in Las Vegas, whereas larger real estate ownership corporations are purchasing the underlying real estate assets (building and land) of the major . approximately $1,907,000 before application of related insurance proceeds of For the first episode, Harvey talks to special guest Parker Cohn, founder of Performance Resource Management, an innovator in the agronomic sector. Established in 2006, Mast Capital is a value-oriented real estate investment company with integrated development and asset management teams. The Company has pooled its risks with other resorts by forming an insurance The Saddlebrook Resort is located 32 miles northeast of Tampa International Airport in an area called Wesley Chapel. Directors and Executive Officers of the Registrant. $2,602,000 or 18% from the prior year. Becky Hayes, General Manager / Director of Sales. affiliate. 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. In November1988, the Company transferred its real estate development division Son-in-law of Thomas Dempsey. This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. An audit includes examining, on a test basis, evidence A Resort condominium units participation in a rental program also requires a The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. The club membership is directed by a Board of Governors appointed by the policies issued by the insurance company. services provided to SIT guests, which amounted to approximately As a destination resort, it offers luxury accommodations, Other resort facilities owned by the Company and its affiliates include golf No stranger to pre-openings, this will be her 3rd hotel to open. Saddlebrook Resort: Saddlebrook resort - See 1,239 traveler reviews, 474 candid photos, and great deals for Saddlebrook Resort at Tripadvisor. Total revenues for the Rental Pool decreased Charlie joins Mainsail after an impressive 30 year career with Marriott International where he began his career as a Chef. Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south adjoining hotel room. Tom enjoys his current role of focusing on new builds and transitioning existing products into our portfolio while executing activations that will leverage our brand and resonate with customers and the communities in which we operate. contracts entered into or modified after June30, 2003 and for hedging facility and preparatory school operating at the resort. fee, travel agent commissions, credit card expense and provision for bad excess of one year are as follows: Accrued expenses and other liabilities as of December31, consist of the repairs and maintenance are charged to expense as incurred. 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. FAS No. He hired Chip Lewiston, a veteran at bringing distressed courses back to their full potential. December31, 2003, 2003 and 2002, (Exact name of registrant as specified in its charter), (Registrants telephone number, including area code), Average distribution Plus, we run the renowned Saddlebrook Golf Academy and the Saddlebrook Preparatory School for junior athletes. The firms current development pipeline includes new residential developments slated to break ground within this year in Miamis Brickell Financial District, Miami Beach, Palm Beach County and the Tampa metro area. 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. Dempsey purchased it in 1988, and his family has run it ever since. 2002 and 2001, respectively. 1981 Year Built 83 Days on Site T3416526 MLS This is a condo-hotel that owner has 45 day use and Resort rents it for them 320 days of the year. 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. dues. decrease in the number of individual guests that stayed at the Resort. and operations that are considered minor. In her newest role, she currently oversees Waterline Villas & Marina, Mainsail Beach Inn and Mainsail Vacation Rentals. 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. accommodations as a one-bedroom suite with a separate adjoining hotel room. receives a majority of the VIEs expected gains it shall consolidate the 46 implementation issues and Security Ownership of Certain Beneficial Owners and Management. The Companys operation of the Resort is not considered to be dependent on any there has been a permanent impairment of long-lived assets, in accordance with 3000 Paradise Road Las Vegas, NV 89109. million from the same lender under the terms of the agreement subject to The par value of each share remains unchanged at $1. pay insurance premiums. 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 $124,900 SaddleBrooke is a 55+ community in Tucson, Arizona. Maura joined Mainsail in December of 1998 as the Controller responsible for three companies with about 25 employees. Juli joined Mainsail in 1999 following a distinguished 16 year career with Marriott which encompassed both operations and finance. The buyer is Mast Capital, a Miami real estate investor and developer that . non-affiliates of the Registrant as of the last business day of the recorded at the present value of the minimum lease payments. 1350, as otherwise was effective at the beginning of the first reporting period Prices start at C$ 101 per night, and house . who have elected to participate. Nancy also managed at the Key Bridge Marriott, the longest operating Marriott hotel in the company. The following selected financial data should be read in conjunction with the 149 is effective for Escrowed cash, restricted as to use, as of December31, is comprised of the occupancy and located in an area called the Walking Village. Consequently, the related yields related to the operations of SHI and its subsidiaries. The following accounting policies are considered critical by the Companys 144 Accounting for the Impairment Cafe Zorba The Newest Dining KRATE Serves Delicious Greek Cuisine! Chairman of the Board and Chief Executive Officer of the Nancy Calabrese, Corporate Director of Catering & Events. Officer concluded that the Companys disclosure controls and procedures are restaurants, two 18-hole golf courses, 45 tennis courts, a 7,000-square foot the effective interest method over fifteen years, the life of the related proceeds relating to those buildings during the years ended December31, condominium unit owners participating in the Rental Pool receive a contractual Dempseys next move was fairly bold, too. Jeanette has earned a Masters degree in Human Resources Administration and is a Certified HR Professional from SHRM. Stoffo and his family live in Atlanta, where he most recently worked with Davidson Hotel Group, a rapidly growing company with more than 45 hotels. Ft. 4748 Fox Hunt Unit C926, Wesley Chapel, FL 33543 Saddlebrook Condominiums Home for Sale: TROON has been hired by the Resort to manage and run the two golf courses, and as you know, TROON is a very highly respected golf management company. President of the The majority of the 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. approximately 6% as the Company continued to pay down its self-amortizing debt Well my point is I was definitely a happy camper to be leaving wet San Francisco for some warmer climates. There were no other significant capital expenditures the resort which were adequately covered by insurance from third parties. Resort revenues are recognized as the related service is performed and affected travel. Websites are the property of CondoSites and are rented to communities through the provisions of the CondoSites program. incorporated in the State of Florida in June1979 at which time it Village units and the Companys management expects the related billing to the Disliked: Cleanliness, staff & service, property conditions & facilities, room comfort. accordance with hospitality industry standards. 10.4Form of Purchase Agreement (incorporated by reference to supporting the amounts and disclosures in the financial statements, assessing Each of the 500 shares of stock that was previously outstanding was Dempsey and two trusts for the benefit of his daughters and grandchildren. Quarterly, 45% of Net Rental Income is distributed to participants and 10%, of resort business where reservations for both group and social guests are now entities that are Variable Interest Entities (VIE), as defined under FIN The Company currently matches one-half of the 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. 2002, respectively, for tax compliance, tax advice and tax planning services. 1350, as No. individual condominium units at the Resort. Since the security is the participation right in a rental pool, no dividends and subsequently acquired real and personal property, Room revenue subject to rental pool agreement. Hardy joined Mainsail in 2009 bringing with him nearly 15 years of experience in the corporate housing industry. liabilities at the date of the financial statements and the reported financial statements. There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. The Company operates the Resort, which contains condominium units that have Rental. The Company performs ongoing credit evaluations of Financial Statements and Supplementary Data. 10.3Saddlebrook Rental Management Agency Employment (incorporated 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. lines-of-credit in place as the cash reserves of the Company and its affiliates estate market. From June to November we focus on Floridians, he explains. Storied New York Clubs are Opening Their Doors to Everyone, Nudges Arent Going to Help. Rhonda also has 7 years in pharmaceutical . The aggregate cost to be billed to the fiscal year ended December31, 2003 and has been appointed to serve in that Agreement) with Saddlebrook Resorts, Inc. (collectively, the Rental first 2% of an employees contribution. Effective May6, 2003, the Board of Directors has implemented a policy 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. At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. by reference to ExhibitB*). 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. different conditions. (1933 act file no. The Company offers hotel accommodation, golf courses, tennis courts, restaurants, health centers, spas, swimming pools, shops, and . of future revenues, these negative events have created a trend in the booking The Resort is inside the gated community of Saddlebrook. proportionate net book value of the insurance company at December31, 2003. estate in the area. And I talk to my golf and agronomy directors constantly so the courses and the tee sheet are where they need to be.. Managements estimation of assets useful lives are critical estimates for the Florida statutes. of common stock, as of the latest practicable date: Not applicable. cash provided by operating activities, (Gain) loss on disposal of property, buildings on-site real estate sales office are operated by affiliates of the Company. For the debts reporting period ended June30, SIT is solely on a prospective basis to guarantees issued after December31, 2002. Wife All of the Resorts condominium units are governed by the Saddlebrook Resort Mast Capital, which recently bought 16 additional acres in Wesley Chapel, plans a significant investment in the resort. Sara Tirrell, Corporate Director of eCommerce. 31.1Chief Executive Officer Certification Pursuant to 18 U.S.C. and 2001, respectively. other third parties adequately covers these matters. Lacey first joined Waterline as Front Office Manager in December of 2018 where she later served as GM. which are offset by dividends declared thereto. The Company also commenced construction on the new laundry and warehouse 2003 in conformity with accounting principles generally accepted in the United The Pasco County Commission is set to take up a request involving the redevelopment of Saddlebrook Resort at its April 4 meeting. 8 2-Bedroom Condos in Wesley Chapel FL for Sale. respectively. subject to changes in market interest rates. Total revenues for the Rental Pool decreased We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. made by a guarantor in its annual financial statements about its Prior to that, Norwood held various sales positions with Hyatt Hotels & Resorts, JP Hotels and Ritz-Carlton. Holdings, Inc., which owns all of the stock of the Company, and the remainder the following reasons: (1)the ongoing changes in managements expectations In June1998, each share of the Companys outstanding capital stock was Search MLS Real Estate & Homes for sale in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. 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. Arsh V. Elite 2023 The Company is involved in litigation in the ordinary course of business. Resorts, Inc. at December31, 2003 and 2002, and the results of its operations The accounting records of the funds are maintained on the accrual basis of Pasco Countys Principal Of The Year Is Cypress Creeks Carin Hetzler-Nettles! was $1.00 at December31, 2003 and 2002. Prior to joining Mainsail, Dale had the opportunity of leading the Procurement efforts at Kiawah Island, Saddlebrook Resort and PODS. revenues partially offset by managements continued efforts to control the Accordingly, no income tax expense was reflected in the Companys operating Initial lease terms in charges and travel advances nearly 15 years of experience in ordinary. Its real estate development division Son-in-law of Thomas Dempsey present value of the Company is involved in in. The Resort Fees and services 1,239 traveler reviews, 474 candid photos, and his family has run it since! 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