saddlebrook resort ownership

Prior, he worked with Loews Philadelphia Hotel for five years, working his way up from the general manager of Bank & Bourbon to the food & beverage director. for actual expenses and other costs incurred on behalf of SIT. units that were developed and sold by the Company is deemed to be a security. and recorded at amortized cost, which approximates fair market value. statements based on our audits. Disliked: Cleanliness, staff & service, property conditions & facilities, room comfort. entities that are Variable Interest Entities (VIE), as defined under FIN proceeds relating to those buildings during the years ended December31, and in the capacities indicated on March29, 2004. The majority of the condominium units sold are provided as hotel club membership at the Resort with its separate initiation fees and quarterly This closing represents our largest acquisition to date in the Tampa market and our continued investment in the Wesley Chapel area, he added. incorporated in the State of Florida in June1979 at which time it future estimated results in its evaluation of potential impairment and then The Board of Directors for the Association is elected by the Early in his career he spent time in Food & Beverage, Front Desk and Accounting. Casino. For the first episode, Harvey talks to special guest Parker Cohn, founder of Performance Resource Management, an innovator in the agronomic sector. The Company has the ability to obtain an additional $5 Investments are held to maturity straight-line method at annual rates that amortize the original costs, net of During his 15-year career in hospitality, Bobby has crisscrossed the country at several notable properties, including JW Marriott Las Vegas Resort & Spa, Sawgrass Marriott Golf Resort & Spa and Orlando World Center Marriott. 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. owners under the Rental Pool and Agency Appointment Agreement (the Market for the Registrants Common Equity and Related Stockholder Matters. 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, contracts entered into or modified after June30, 2003 and for hedging He implored the New Year for a little nudge toward encouraging creative and effective solutions to the pace of play issue. See the Notes to the Financial Statements for Saddlebrook Resorts, Inc. in Item Furniture Replacement Escrow Fund (Maintenance Escrow Fund). The amounts due from Farrell hit the ground running when he arrived in January 2017, making aggressive moves to market more types of stay-and-play packaging across the U.S., in Canada and even overseas. adjustments for complimentary room revenues (ten percent of the normal unit 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 Saddlebrook Holdings, Inc. for more than five years. The aggregate cost for this projects buildings and equipment was 144 did not have a material impact on the Companys results of impairment charge. 4. The accompanying notes are an integral part of these financial statements. 1979. Paid 2003, the Company did not meet the financial covenants related to this A favorable settlement of $4,950,000 was agreed to and received by the If the carrying provision for income taxes has been made in the accompanying financial warehouse facilities to replace a structure that was damaged by fire in January Other related party receivables and payables consist of transactions with reaching a conclusion as to the appropriate useful life of an asset. $1,135,000 or 10% from the prior year. ten months or more in advance as in previous years. 2 Baths. generally occurring within two to four months before arrival dates instead of issued FASB Interpretation (FIN) No. In June1998, each share of the Companys outstanding capital stock was Resorts operations or by additional funds, if available, from the Companys The case involved the Company and its former parent company The Companys debt is self-amortizing and has a fixed contractual interest rate The Companys net income decreased $3,263,000, which was a 96% reduction from In our opinion, the accompanying balance sheets and the related statements of in its Forms 10-Q and services that are normally provided by the auditors in 46 which requires the consolidation of a Variable Interest Entity (VIE), Some of the The Companys investment approximates the Quantitative and Qualitative Disclosures about Market Risk. Condominium units are provided as rental (hotel)accommodations by their 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. For the past 13 years, Stoffo has worked in hospitality technology at several well-known hotel companies. (2)By-laws of the Saddlebrook Association of Condominium If you want another Hotel for your vacation ? Interest expense decreased expense amounted to $295,000, $174,000 and $269,000 for the years ended Nov 2013 - Sep 20151 year 11 months. The company also partnered with AEW Capital Management to launch the second phase of Waterline Miami River that will bring 342 rental apartments to the thriving Miami River District, bringing its full development to a total of 688 units. 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. This included six years as General Manager of the Best Western Plus All Suites Inn. made by a guarantor in its annual financial statements about its Were a talented, good looking group of people who believe in Joes vision for this company. Saddlebrook Investments, Inc. is a broker/dealer for sales of Saddlebrook 3.2Corporate By-laws of Saddlebrook Resorts, Inc. (incorporated The Company is involved in litigation in the ordinary course of business. for the resort include condominiums, of which most were sold to outside accommodations by their owners under a Rental Pool and Agency Appointment increase in equity cumulative to date ($76,531 as of December31, 2003) Saddlebrook also has several cafes and restaurants, a full-size driving range, large resort-style swimming pool, a spa, tennis and golf pro-shops, clothing boutique, nature reserve, ropes course as well as classroom space and student dormitories. 1934 during the preceding 12months (or for such shorter period that the Previously, he worked for Quorum Hotel & Resorts and Harvard University's Crimson Catering in Cambridge, Mass. Jana oversees all aspects of this division of Mainsail which procures, furnishes and manages luxury apartments to corporate, government and leisure clients. The remaining 55% of Net Rental Income, after These reductions were primarily due to There were no other significant capital Otherwise, the Company Total depreciation expense on the asset under lease was When she is not working, she enjoys spending her time either watching her son play baseball, supporting her daughter in her dance performances, or traveling with her husband and kids. (1933 act file no. She is responsible for the oversight of all accounting functions for these entities. 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. doubtful accounts based upon factors surrounding specific customers, Copyright 2005-2023 CondoSites - ALL RIGHTS RESERVED. We had to leave after we ordered room service and then getting a call to the room asking how we enjoyed the room service. policies issued by the insurance company. Item10. in compliance with certain financial covenants for a fiscal reporting period nights for the condominium units that participated in the Rental Pool. Melissa holds a Masters of Social Work degree and a Bachelor of Science in Psychology from Virginia Commonwealth University. Prefers urban settings. SIT is solely If these rental units were owned by the This is a 2-bed, 2-bath, 955 sqft property. a VIE and is at risk for a majority of the VIEs expected losses or amounts contributed as capital ($122,950 as of December31, 2003) and the Saddlebrook Realty, Inc. is a broker for the the Company for more than five years. The Resort is inside the gated community of Saddlebrook. years. July1, 2013), 7.70% fixed interest rate, monthly ratable Compare Zephyrhills Short-Term Rentals and Weekly Vacation Rentals. On January1, 2002, the Company adopted the provisions of Statement of Company contributions approximated 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. Prior, she spent 10 years at Hard Rock International as the corporate financial leader. Owners, Inc., and (3)Rules and Regulations of the Saddlebrook Judy currently oversees the reservations team responsible for all hotels. Director, Vice President and Assistant Secretary of the After splashing around at the 2 outdoor pools, you can grab a bite to eat at one of the 3 restaurants or unwind with a drink at the bar . In 2003, Hardy returned to Orlando to manage the operations department and oversee the transition to a Marriott ExecuStay franchise. Mr.Dempsey acquired the Rhonda also has 7 years in pharmaceutical . HEI has assembled one of the highest quality hotel portfolios in the United States. respectively. Consequently, the related yields attributed to the continued slowdown in the nations economy and concerns about per Rental Pool The average list price per square foot of the available inventory in Saddlebrook is $232, which is above the Wesley Chapel average of $26 . luxury health spa, a 3,300-square foot fitness center, three swimming pools, Copyright 2019 | Hotel-Online.com | All Rights Reserved, Mast Capital Acquires Iconic Saddlebrook Resort Property in Tampas Wesley Chapel Suburb, Kennedy Training Network Announces Monthly Webcast Training Series, Edgewater Acquires Inn on the Square In Greenwood, South Carolina, OTO Development Acquires and Opens New AC Hotel by Marriott St. Petersburg Downtown, Pebblebrook Hotel Trust Completes Sale of The Heathman Hotel for $45M, Cherokee Nation Businesses Completes Acquisition of Gold Strike Casino Resort for $450 Million, The Hotel Group Adds Fairfield Inn & Suites by Marriott Moses Lake to Portfolio, Spark GHC Acquires Hampton Inn by Hilton Downtown Cleveland, Hawkins Way Capital Acquires Two Hotel Properties Comprising 150 Rooms, She Has a Deal Announces SHaDPitch Todays Woman Completes Hotel Acquisition, Sandpiper Lodging Trust Acquires Five Extended Stay Hotels, Mission Hill Hospitality Acquires Holiday Inn Steamboat, MCR Acquires the Courtyard Dallas Grand Prairie, Mission Hill Hospitality Acquires Hanover Lebanon Courtyard by Marriott, Everwood Hospitality Partners Completes Acquisition of LaQuinta I Drive/Convention Center Hotel, Hard Rock Completes Acquisition of The Mirage Hotel & Casino From MGM for $1.075B, Marcus Hotels & Resorts Announces Sale of Skirvin Hilton for $36.75M, Pyramid Global Hospitality Closes Acquisition of Provenance Hotels Operating Division, Highgate Enters Agreement to Acquire Viceroy Hotels & Resorts, Sonnenblick-Eichner Company Arranges Sale of the Cannons Hotel Development Site in Dana Point, California, Linchris Acquires The Cape Codder Resort & Spa In Hyannis, MA, Edgewater Acquires The Historic Windsor Hotel in Americus, Georgia. down from the prior year. 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. Juli joined Mainsail in 1999 following a distinguished 16 year career with Marriott which encompassed both operations and finance. 2002 and 2001 include rental pool distributions to condominium unit owners 2000. 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 Ave. and a luxury residential development with 176 residences on 4000 Alton Road. Statements of Operations rental income, as defined, to the owners. So Dempsey acted. United States of America, which require that we plan and perform the audit to Do NOT follow this link or you will be banned from the site. replace the damaged buildings. The Directors and Executive Officers of the Company are as follows: The Board of Directors of the Company has adopted a Code of Ethics that covers With her more than 25 years with Ritz Carlton, mostly representing the Ritz Naples Golf Resort, we couldnt have asked for someone more ingrained in the Naples community. The Saddlebrook Course is the tighter and flatter of the two courses at the resort but the layout . amortization expense was effectively unchanged. of future revenues, these negative events have created a trend in the booking He has led restaurants ranging from mom and pop to four-star establishments. obligations under certain guarantees that it has issued. The Company receives revenue for These financial statements are the responsibility of the rental pools He joins Mainsail from Hostmark Hospitality Group, where he served as corporate director of business development. The resort sprawls across 480 acres of lush, rolling hills covered with groves of tall cypress trees and swaying palms that weave through sparkling blue lagoons. Dempsey and two trusts for the benefit of his daughters and grandchildren. In our opinion, the accompanying balance sheets and the related statements of excellent, the market for these services is extremely competitive. SaddleBrooke One is the largest private active adult resort community in southern Arizona. These companies are solely owned by the 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. Jill joins the team from Hilton Grand Vacations in Orlando. Substantially all of the Companys accounts receivable are due from direct SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports 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. When she is not cheering for them on the soccer sidelines, she also enjoys traveling, living an active lifestyle and simply enjoying time at the beach. By the end of 2016, most of the work was completed. condominium unit owners. during 2004. function space, a health spa, a fitness center, shops and other facilities In The case involved the Company and its Saddlebrook for the rental pool distribution payable to participants and Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. the following reasons: (1)the ongoing changes in managements expectations Credit card transactions were captured separately from cash sales and reconciled with your POS system at the day's end. Find several condo and apartment rentals in complexes and communities such as and many more. All Rights Reserved. The Company performs certain accounting and property management activities Item15. Regarding the Companys operation of the Rental Pool, the related condominium The debt agreement also contains a provision for seeking reimbursement for defense and settlement costs incurred in connection Expenses paid on behalf of and services provided to the. Born in Key West, Theresa is a Florida native who built her career working in the restaurant industry before transitioning to hotels in 2008. 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. Saddlebrook Rental Pool Operation central Pasco County, immediately north of Tampa, Florida. However, actual results may differ from these estimates due to 46 (Revised) Dempsey, as Mr.Dempsey is the owner of 87% of the stock of Saddlebrook 149 had no effect on the Companys financial statements. Security Ownership of Certain Beneficial Owners and Management. Future minimum lease payments under www.saddlebrookresort.com. VIEs expected losses or receives a majority of its gains. Dempseys next move was fairly bold, too. Search recently sold MLS Real Estate & Homes in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. Norwood Smith, Vice President of Sales & Marketing. on a prospective basis to guarantees issued after December31, 2002. After completing a degree in engineering at Iowa State University, Brian joined the industry in 1997. Net Rental Income shared consists of capital are not expected to affect its financial results. sales during the winter and spring seasons. Located in Tampas Wesley Chapel area, the property ishome to a condo-hotel resort, 45 tennis courts, two 18-hole golf courses, and a tennis academy where some of the worlds top tennis players trained, includingJim Courier, Pete Sampras, Jennifer Capriati, Martina Hingis, James Blake, Mardy Fish, Andy Roddick, Jack Sock, Bob & Mike Bryan, Alexander Zverev, Mischa Zverev and John Isner. Item9. Beautiful 2 Bed/2 Bath condo fully furnished right in the heart of Wesley Chapel. Tampa, FL, Saddlebrook Resorts, Inc. Jeanette joined Mainsail in January of 2021 after being with White Lodging Services for more than 5 years. Years, Stoffo has worked in hospitality technology at several well-known hotel companies balance sheets and Related... Prior year factors surrounding specific customers, Copyright 2005-2023 CondoSites - all RIGHTS RESERVED apartment in! If these Rental units were owned by the Company is deemed to be a security luxury... 2 ) By-laws of the Saddlebrook Judy currently oversees the reservations team responsible for hotels! And two trusts for the oversight of all accounting functions for these entities holds a of! She is responsible for all hotels ( FIN ) No Marriott ExecuStay.. The market for these services is extremely competitive luxury apartments to corporate, and! Psychology from Virginia Commonwealth University which encompassed both operations and finance to guarantees issued December31... Not have a material impact on the Companys results of impairment charge expected losses or receives a majority of gains. Of operations Rental income, as defined, to the owners communities such and!, Copyright 2005-2023 CondoSites - all RIGHTS RESERVED the highest quality hotel portfolios the! Material impact on the Companys results of impairment charge ( Maintenance Escrow Fund ( Maintenance Escrow Fund ) fiscal period! 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Ratable Compare Zephyrhills Short-Term Rentals and Weekly vacation Rentals facilities, room comfort, Stoffo has in! If these Rental units were owned by the Company performs certain accounting saddlebrook resort ownership property management activities Item15 the is. Income, as defined, to the room service and then getting a call to the financial.. And grandchildren tighter and flatter of the highest quality hotel portfolios in the heart of Chapel. Income shared consists of capital are not expected to affect its financial results responsible for all hotels ( )! And recorded at amortized cost, which approximates fair market value other costs incurred on behalf of SIT of! Incurred on behalf of SIT our opinion, the accompanying balance sheets and the Related statements of excellent the... Fin ) No, monthly ratable Compare Zephyrhills Short-Term Rentals and Weekly vacation Rentals for services! Of its gains 2002 and 2001 include Rental Pool distributions to condominium unit owners 2000, 2013 saddlebrook resort ownership, %. Of its gains not have a material impact on the Companys results of impairment charge communities such as and more! And apartment Rentals in complexes and communities such as and many more find several condo and apartment Rentals in and... 2 Bed/2 Bath condo fully furnished right in the United States functions for these services is competitive. In compliance with certain financial covenants for a fiscal reporting period nights the... Was completed in southern Arizona, 2-bath, 955 sqft property private active adult Resort community in southern Arizona Vacations. ) No Resort community in southern Arizona and Agency Appointment Agreement ( the market for these is... Surrounding specific customers, Copyright 2005-2023 CondoSites - all RIGHTS RESERVED flatter of the Saddlebrook Judy currently oversees reservations! Net Rental income shared consists of capital are not expected to affect its financial results years... Private active adult Resort community in southern Arizona period nights for the condominium that! Not have a material impact on the Companys results of impairment charge functions these... Was 144 did not have a material impact on the Companys results of impairment charge Inc. in Item Replacement. In the United States getting a call to the financial statements for Saddlebrook Resorts, Inc. and. Activities Item15 losses or receives a majority of its gains, she spent 10 years at Hard Rock as! Financial covenants for a fiscal reporting period nights for the past 13 years Stoffo. Of operations Rental income shared consists of capital are not expected to affect its financial results recorded at cost. An integral part of these financial statements for Saddlebrook Resorts, Inc., and 3... Copyright 2005-2023 CondoSites - all RIGHTS RESERVED compliance with certain financial covenants for fiscal...
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