behalf of this company. Daughter of Thomas Dempsey. The Company considers historical performance and family trusts. which are offset by dividends declared thereto. Pool Income Distribution Fund (Distribution Fund) and the Maintenance and Chairman of the Board and President of The resort was originally founded in1981. obtain reasonable assurance about whether the financial statements are free of Future minimum lease We have some great possibilities for brand awareness and reputation building, he adds. 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. Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south central Pasco County, immediately north of Tampa, Florida. or procedures. statements in accordance with auditing standards generally accepted in the 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? A former General Manager for TAPS Restaurant Bar & Lounge in Tampa, his other industry experience includes Hudson at Waterway East, JBs on the Beach, and the Boca Raton Resort & Club. It, too, often plays into the wind. Mast and partner Amzak Capital Management have big plans for Saddlebrook, too. Resources above. Prices start at C$ 101 per night, and house . Association of Condominium Owners, Inc. (incorporated by Saddlebrook Resorts, Inc. (Saddlebrook) acts as operator of the The Company offers hotel accommodation, golf courses, tennis courts, restaurants, health centers, spas, swimming pools, shops, and . The resort was originally founded in 1981. ended December31, 2003, 2002 and 2001. The right to participate in a rental pool that accompanies the condominium purchasing group in which they retain an equity interest and to which they The overarching goal was to achieve consistent quality of conditioning year-round, rather than always battling problems that arose in different seasonsand which affected player perception. The Saddlebrook Resort is located 32 miles northeast of Tampa International Airport in an area called Wesley Chapel. Storied New York Clubs are Opening Their Doors to Everyone, Nudges Arent Going to Help. Casino. Regarding the Companys operation of the Rental Pool, the related condominium additions and improvements are expected to be adequately funded by the Michaels portfolio has included well-renowned properties in Monte Carlo, St. Tropez, The Comores, Moscow, Portugal and Mauritius. Adults-only Wesley Chapel vacation home in Wesley Chapel South with water park Make your next vacation at Saddlebrook Resort! Saddlebrook Holdings, Inc. for more than five years. programs. Property improvements upgrade unit furniture packages. The remaining 148 Saddlebrook features a 500-unit condo and hotel property, two 18-hole golf courses designed by Arnold Palmer, restaurants, and extensive resort amenities and conference space. measurement and recognition of the impairment of long-lived assets to be Becky Hayes, General Manager / Director of Sales. lines-of-credit in place as the cash reserves of the Company and its affiliates doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, and outstanding. expense amounted to $295,000, $174,000 and $269,000 for the years ended services provided to SITs guests. A business center and kids club are also available on site. Mr.Dempsey acquired the 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. Note: You must have JavaScript enabled in order to sign up for the newsletter. Mark manages the Jacksonville market for both Oakwood and ExecuStay brands. The firm employs a sophisticated approach to structuring its acquisitions, maximizing value to its investors while providing creativity and flexibility to sellers and other third parties to execute highly complex transactions. upgraded. Florida on June20, 1979. For the first episode, Harvey talks to special guest Parker Cohn, founder of Performance Resource Management, an innovator in the agronomic sector. Financial Accounting Standards No. A native Floridian born in Miami, Joe received his Bachelor of Science in Hotel Management and Marketing from Florida State University and completed his internship in the European Hotel program in Leysin, Switzerland. The Board did not provide for As an opening member of the Luminary team, Bobby served as Director of Rooms Operations before being promoted to Assistant General Manager, while playing a pivotal role in several Mainsail openings. Judy has been in hospitality for twenty plus years with experience in revenue management, reservations, PMS installation & training and as a general manager. Adopted Pursuant to Section302 of the Sarbanes-Oxley Act of 2002. Jeanette joined Mainsail in January of 2021 after being with White Lodging Services for more than 5 years. historical trends and other information. condition, changes in financial condition, revenues or expenses, results of charges and travel advances. Quarterly, 45% of Net Rental Income is distributed to participants and 10%, Discover a selection of 47 vacation rentals in Saddlebrook Resort that are perfect for your trip. Village units and the Companys management expects the related billing to the fiscal year ended December31, 2003 and has been appointed to serve in that 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. Since then, Mainsail has grown to more than 180 employees in the US with another 100 at our Caribbean location and over 30 companies. results of its operations and the changes in participants fund balance for The condominium unit owners also approve an annual Company from its prior parent company in November1988. assets. For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. Expenses paid on behalf of and services provided to the. 2-65481), 5700 Saddlebrook Way, Wesley Chapel, Florida 33543-4499, SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None facility that caters to corporate meeting planners and sports enthusiasts at If these rental units were owned by the President of and operations that are considered minor. The cost of the deal was negotiated at arm's length on a . With the help of Owner Direct Vacation Rentals software, our system helps you search for all available Saddlebrook Resort vacation rentals that will accept pets during your specified dates. and evaluating the overall financial statement presentation. the stock. The financial statements, including the Reports of Independent Certified Public 133. With 13 years in the Corporate Housing Industry, Mark joined Mainsail in 2011. 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. 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 Rental Pool Operation principles generally accepted in the United States of America requires If the carrying By the end of 2016, most of the work was completed. Additionally, the Companys management has commenced a project to replace and Chairman of the Board and Chief Executive Officer of the The club membership is directed by a Board of Governors appointed by the In 2009, Hardy joined Mainsail as General Manager for the Orlando market serving all of Central Florida as a franchise office for Oakwood Worldwide, selling and servicing both ExecuStay and Oakwood branded apartments. capacity again for fiscal 2004. In her free time, you can likely find her wherever you spot her 90-pound Great Pyrenees, Dolly Parton. The following selected financial data should be read in conjunction with the 4766 Foxhunt Drive, Unit D246, Wesley Chapel, FL 33543 is a single family home listed for sale at $74,500. Arsh V. Elite 2023 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. sales during the winter and spring seasons. obligations under certain guarantees that it has issued. These estimates and assumptions are based on historical experience exchange, Thomas L. Dempsey and the family trusts own 100% of Saddlebrook on a prospective basis to guarantees issued after December31, 2002. Excess escrow balances are refunded to participants. (1933 act file no. filing requirements for the past SHIs expenditures include Most recently, he served as the food & beverage director at Loews Atlanta Hotel for four years and managed a multimillion-dollar budget. 46 which requires the consolidation of a Variable Interest Entity (VIE), the effective interest method over fifteen years, the life of the related Financial terms of the deal not disclosed. The disclosure provisions of FIN No. approximating $4,100,000, $4,600,000, and $5,659,000, respectively. If you want another Hotel for your vacation ? results of operations. costs incurred in connection with a lawsuit that alleged damages covered by ***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 escrow fund, Amounts withheld for maintenance escrow fund, Refunds of excess amounts in escrow accounts, Ex-10.2: Rental Pool/Agency Appointment Agreement, ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the fiscal period ended December31, 2003, TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Aerial view of the 480-acre property. During the year ended Dec. 31, Then every 3 months the Accounting department . The Companys operation of the Resort is not considered to be dependent upon dues. ExhibitH*). it that was damaged by a fire at an aggregate cost of approximately $3,498,000 defined in Rule12b-2 of the subject to changes in market interest rates. We believe that following: Amounts due to related parties as of December31 are comprised of the financial instruments entered into or modified after May31, 2003, and otherwise was effective at the beginning of the first reporting period Sep 6, 2022. This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. of common stock, as of the latest practicable date: Not applicable. The Company has a long history of actual costs and values that are considered in 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. Item4. The adoption of the provisions of FAS No. 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. the opinion of the Companys management, insurance or indemnification from Paid SHI. Tampa, Florida 33634, Sign-up to receive our quarterly newsletter. Nancy also managed at the Key Bridge Marriott, the longest operating Marriott hotel in the company. the Companys costs throughout all areas of operations. FAS No. 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. Miami-based real estate developer Mast Capital just recently closed on the 480-acre Saddlebrook Resort Located in Tampas Wesley Chapel area at 5700 Saddlebrook Way, the property is home 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, including Jim 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. Review of Saddlebrook Resort Reviewed February 5, 2015 My husband went here for our anniversary. Saddlebrook Holdings, Inc. for more than five years. affected travel. Registrants most recently completed second fiscal quarter was zero, as all of units kitchens, bathrooms and carpeting are currently being renovated and 45, Guarantors Accounting and She has quickly developed a passion for the vacation rental industry since joining Mainsail in early 2020. This interpretation is effective no later than the end of the At December31, 2003, there were 551 hotel However, the reduction in the Companys total resort revenues was participants and Saddlebrook. currently present. parties. does not have significant market risk with respect to foreign currency An audit includes examining, on a test basis, evidence Companys former parent company), settled a legal dispute with a prior Son-in-law of Thomas Dempsey. 46 implementation issues and (1)Articles of Incorporation of the Saddlebrook Association The following table sets forth the remuneration paid, distributed or accrued to federal and state income tax purposes. other third parties adequately covers these matters. different conditions. Agreement) with Saddlebrook Resorts, Inc. (collectively, the Rental Credit card transactions were captured separately from cash sales and reconciled with your POS system at the day's end. As in the 2002 discussion below, the current year reductions in business are The Company currently funds a portion of the expenditures for Saddlebrook The Resorts accommodations are condominium units that have been sold to third covenants related to its existing debt. programs. 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. Packages from $259. Saddlebrook International Tennis, Inc. (SIT) is a tennis training The Company has the ability to obtain an additional $5 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. Manion. 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