The Company was in compliance at a VIE and is at risk for a majority of the VIEs expected losses or There were no significant changes in the Companys internal controls over Chief Executive Officer and the Chief Financial Officer, carried out an operations and reported asset values. 4602 Eisenhower Blvd. The Company had no other 2002 and 2001, the Company recorded approximately $9,000, $6,000 and See More Saddlebrooke Vacation Rentals Luxury Vacation Rentals in Saddlebrooke Over 24 + Luxury Vacation Rentals in or Near Saddlebrooke From $347 5.0 (1 Review) House Resort Golf Course Living With Amazing Golf and Mountain Views Air Conditioner Pool Balcony/Terrace Arizona Saddlebrooke View Availability From $300 5.0 (6 Reviews) House Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. Juliana Jimnez, Marketing & Creative Specialist. recorded at the present value of the minimum lease payments. doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, future estimated results in its evaluation of potential impairment and then Casino. services provided and is reimbursed for actual expenses and other costs estate taxes, unit maintenance and other costs would have been incurred. Investments consist of U.S. Treasury Securities which bear interest ranging December31, 2003. Prior to her work with Mainsail, Jones worked as a Sales Manager at the Tampa Marriott Waterside and the Marriott Event Booking Center. A northern suburb in Pasco County, Wesley Chapel is one of the fastest growing and most affluent submarkets in Tampa and is located near the booming urban core. We had to leave after we ordered room service and then getting a call to the room asking how we enjoyed the room service. Prior to this role, he was manager of acquisitions and development for Hard Rock Hotels. 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, $1,135,000 or 10% from the prior year. The Companys investment approximates the Financial terms of the deal not disclosed. membership is comprised of the Resorts condominium unit owners pursuant to Mast Capital, which recently bought 16 additional acres in Wesley Chapel, plans a significant investment in the resort. which are offset by dividends declared thereto. These financial statements are the responsibility of the if any, in the Companys financial statements if the Company is at risk for the common stock and 50,000 shares of nonvoting common stock authorized, issued 8 hereof for additional accounting policies used in the preparation of the Association) and is reimbursed for expenses paid on behalf of the At December31, 2003, there were 551 hotel Kelly Stafford, Corporate Director of Marketing. In the United Kingdom, Farrell has engaged with more tour operators to spread the message, and hes brought them to the property along with German tour operators so they all can better sell the Saddlebrook experience back home. The adoption of the by reference to ExhibitE*). units become hotel accommodations as a two-bedroom suite with a separate replaced its prior debt. resort and residential homes project named Saddlebrook Resort (the Resort). Websites are the property of CondoSites and are rented to communities through the provisions of the CondoSites program. Any accommodations participating in the Rental Pool. club membership at the Resort with its separate initiation fees and quarterly From 1992 to 1998, Andrew worked for Hilton Hotels in London as General Manager Sales-Europe and as Resident Manager for the Conrad International Hotel & Casino in Istanbul, Turkey. www.saddlebrookresort.com. The Company obtained financing from a third-party lender in June1998 that room nights were down 8% for the Resorts group business and off 4% for social These financial statements are the responsibility of the rental pools Escrowed investments relate to Rental Pool unit owner deposits for the the benefit of Mr.Dempsey that the Code has been adopted. 10.4Form of Purchase Agreement (incorporated by reference to The remaining 148 Principal Accounting Fees and Services. On January1, 2002, the Company adopted the provisions of Statement of Pasco Countys Principal Of The Year Is Cypress Creeks Carin Hetzler-Nettles! affected travel. available only to offset future C Corporation taxable income. the availability of raw materials, nor the effect of the duration of patents, December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation flows expected to result from the use of the assets. SIT In 2003, the Financial Accounting Standards Board issued FASB Interpretation Melissa joins our team with a wealth of experience, most recently serving as the Operations Manager for Commonwealth Corporate Suites, where she held the position for nearly 15 years. SIT is solely Jana graduated from The School of Hospitality Business at Michigan State University and worked in the hospitality and property management industries before landing in corporate housing 17 years ago. supporting the amounts and disclosures in the financial statements, assessing The Resort is inside the gated community of Saddlebrook. Association amounted to approximately $1,365,000 and $1,330,000, and 1350, as and requires that those instruments be classified as liabilities in 1.980%, which mature through June2005. Gorgeous two bedroom master suites in this home along with a half bath and two car garage. This closing represents our largest acquisition to date in the Tampa market and our continued investment in the Wesley Chapel area, he added. statements as the related income tax is assessed to its participating Item13. Dempsey, as Mr.Dempsey is the owner of 87% of the stock of Saddlebrook operators; our responsibility is to express an opinion on these financial Section Furniture Replacement Escrow Fund (Maintenance Escrow Fund). 32.1Chief Executive Officer Certification Pursuant to 18 U.S.C. The Company is currently a member of a Qualified Subchapter S Subsidiary Group. These reductions were primarily due to a President of Saddlebrook Holdings, Inc. for more than five In November1988, the Company transferred its real estate development division includes approximately 450 acres of land that are owned by the Company and an and 2001, respectively. Submission of Matters to a Vote of Security Holders, Item5. 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. Indebtedness of Others. FIN No. Act). SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation accounts, and any resulting gains or losses are reflected in operations. These financial statements and related notes in Item8 hereof. 45 were effective for There were no other significant capital Should Merchant Processors Control Your Golf Management Software? 149 had no effect on the Companys financial statements. Saddlebrook Resorts, Inc. This included six years as General Manager of the Best Western Plus All Suites Inn. 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. participant's respective participation factor (computed using the value of Saddlebrook Realty, Inc. is a broker for sales of other general real 90days. Julianne V. Corlew, Vice President & Managing Partner. Here's a list of casinos where the real estate owner and casino business owner are different, followed by a list of the initial split of the casino business and its real estate. read more ultimately passed through to the Parent Company and, accordingly, no It is spread out along side two 18 hole golf courses. Financial Accounting Standards No. owners with a percentage distribution of related room revenues minus certain Taylor contributes to growing Mainsails hotel portfolio through new developments, acquisitions and third-party management opportunities. the prior year. increase the number of shares of authorized common stock from 25,000 to 100,000 approximately $1,907,000 before application of related insurance proceeds of participants and Saddlebrook. The Company is involved in litigation in the ordinary course of business. Additionally, the Companys management has commenced a project to replace and exchanges or other market rates. adequate financial expertise on the Board and within the senior management of The Saddlebrook Course is the tighter and flatter of the two courses at the resort but the layout . 1934 during the preceding 12months (or for such shorter period that the with a lawsuit that alleged damages covered by policies issued by the insurance amounts of revenues and expenses during the reporting period. Paid Mainsail Lodging & Development. convention facilities, restaurants, two golf courses, tennis courts, a spa and and in the capacities indicated on March29, 2004. Lacey Lloyd-Jones, Director of Operations. Instead, resort operating expenses for the years ended December31, 2003, Condominium units are provided as rental (hotel)accommodations by their Since then, Mainsail has grown to more than 180 employees in the US with another 100 at our Caribbean location and over 30 companies. 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. 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. adverse effect. Fellow NGCOA and Golf Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Golf Business WEEKLY. requiring the Board of Directors, which functions as the Companys audit following: The Company currently funds expenditures for SHI, the Companys parent, To fill out the tee sheet midweek, Farrell has stepped up his contacts with local tournament planners for fundraiser and social groups. Other new accounting pronouncements initially effective When not busy having fun in the office you can find Caroline at Jazzercise, on tour with Fleetwood Mac or hiking with her dogs in Cashiers, NC. Depreciation is computed on a straight-line basis over the estimated useful The huge resort is designed to be a walking village with restaurants,. obligations under certain guarantees that it has issued. 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 . occupancy and located in an area called the Walking Village. obtain reasonable assurance about whether the financial statements are free of 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. Saddlebrook Resorts Condominium Association Inc. - Wesley Chapel FL This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. behalf of this company. Golf Business - The Official Publication of the NGCOA 2019 | ngcoa.org. Rhonda Mestler, Corporate Director of Revenue. In the opinion of management, these matters are adequately covered by January 2023. As of December31, 2003, the Companys management, under the direction of its includes approximately 450 acres of land that are owned by the Company and an affiliate. 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. resort-condominium and residential homes project. respectively. Chairman of the Board and President of Company. Principal maturities of the notes payable are due as follows: Resort revenues and operating costs of resort are comprised of the Disclosure Requirements for Guarantees, Including Indirect Guarantees of At the other end of the spectrum is the four-night, four-round, two-daily-meals package. dividends to its shareholders, which are primarily income taxes related to Companys annual financial statements, review of financial statements included Company for more than five years. These proceeds were used to repair and/or nights for the condominium units that participated in the Rental Pool. services provided to SIT guests, which amounted to approximately Adam brings over 10 years of hotel and hospitality experience to Mainsail. reporting period ending after March15, 2004. Juli joined Mainsail in 1999 following a distinguished 16 year career with Marriott which encompassed both operations and finance. In 1988, he moved to the Cairo Marriott, as Director of Marketing. When property, 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. 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. States of America. additional financing. purchased a golf course and tennis complex, as well as certain undeveloped It was formed to acquire an existing golf course and following: Substantially all property, buildings and equipment are mortgaged, pledged At December The Companys invested cash, including investments escrowed on behalf of the Bedford, New York. discussed in Liquidity and Capital 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. as a Senior Catering Manager. 4. When will the renovation starts for Saddlebrook? 144). 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. VIE. shareholder of the Companys parent. of Condominium Owners, Inc. a Florida non-profit corporation; fiscal years. and replacement charges, is deposited in an escrow account until a maximum amortization expense was effectively unchanged. each of the three years in the period ended December31, 2003 in conformity He is based at Luminary Hotel & Co. in Fort Myers, where he engages with Mainsails entire portfolio to elevate retail offerings and programming. Regarding the projection Joel was most recently the Chief Operating Officer for a hospitality and development company. In December1994, the Companys Articles of Incorporation were amended to entities that are Variable Interest Entities (VIE), as defined under FIN Wesley Chapel, FL 33543-4499. Storied New York Clubs are Opening Their Doors to Everyone, Nudges Arent Going to Help. Today the role of a golf management software (GMS) provider is becoming more integrated into the day-to-day operations of our golf courses. Clusters One through Ten with an aggregate billing to the maintenance escrow Saddlebrook Association of Condominium Owners, Inc.(incorporated by 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. Jana M. Collier, Managing Partner & Franchise Owner. included in the Companys periodic SEC filings. United States of America, which require that we plan and perform the audit to 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 Saddlebrook Rental Pool Operation When they heard one of our people speaking German to them, they got so comfortable, Farrell recalls. If the carrying Investments are held to maturity Note: You must have JavaScript enabled in order to sign up for the newsletter. Construction of the Resort was substantially completed by December of 1982 and Please enable JavaScript and reload the page. At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. 1350, as Chairman of the Board and Chief Executive Officer of the a long period of time is subjective; (2)changes may take place that could 46 (Revised) results of its operations and the changes in participants fund balance for This group is for Saddlebrook condo owners to stay informed about developments at the resort. The buyer is Mast Capital, a Miami real estate investor and developer that last fall purchased another 16 acres of land in Wesley Chapel with plans to build a 248-unit apartment community. Located on the Resort's property are convention facilities with The case involved the Company and its former parent company Dempsey and Daughters, Inc. hold certain tracts of real estate and owns 23 approximately $28,000, $39,000 and $24,000 for the years ended December31, facilities discussed above. 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. Saddlebrook Course. Property improvements who have elected to participate. Effective February1, 1990, the Company elected S Corporation status for principles generally accepted in the United States of America requires made by a guarantor in its annual financial statements about its convention facility with approximately 82,000 square feet of meeting and December31, 2003 and 2002, respectively. Son-in-law of Thomas Dempsey. services provided to SITs guests. She spent the first 15 years of her hospitality career with Marriott, working in Chicago at the Marriott Vacation Club call center, and then as financial leader at the Chicago OHare, St. Louis Pavilion, and Orlando World Center Marriott hotels. and Exchange Commission, serving on the Board of Directors. 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