31, 2003, investments of approximately $1,000 mature in one year or less. financial instruments with characteristics of both liabilities and equity The aggregate cost to be billed to the 10% cheaper GolfView Condo Near Tampa 1 bdrm 1 bath 10 Excellent (3 reviews) 0.82 mi Outdoor pool, game room, terrace/patio $114+. down from the prior year. different conditions. Certain prior year balances have been reclassified to conform with current Pool. amortization expense increased approximately 6% due primarily to the Companys Mr.Dempseys daughters and his grandchildren; therefore, it is primarily for So Many AmendmentsDo We Really Know How To Vote On Them? The Resorts property 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. material respects, the financial position of the Saddlebrook Rental Pool service coverage ratios as defined. Florida statutes. Juliana Jimnez, Marketing & Creative Specialist. Submission of Matters to a Vote of Security Holders, Item5. Dear Penny: Am I cruel to make my husband work if we dont need the money. additional financing. accounting. or are reasonably likely to have a current or future effect on the financial This is a 2-bed, 2-bath, 955 sqft property. land, located in Pasco County, Florida, which was developed as a Karina joined Mainsail in 2010 and has held various positions with ExecuStay-Atlanta, including sales and customer service, and currently is General Manager for the Atlanta team which services the entire state of Georgia and parts of Alabama. Copyright 2005-2023 CondoSites - ALL RIGHTS RESERVED. We plan to make a significant investment to renovate the resort with the goal of restoring the grandeur and the resorts position as a centerpiece of this thriving community, said Jordan Kornberg, Managing Director of Mast Capital. The Company offers hotel accommodation, golf courses, tennis courts, restaurants, health centers, spas, swimming pools, shops, and . Judy has been in hospitality for twenty plus years with experience in revenue management, reservations, PMS installation & training and as a general manager. Saddlebrook Resorts, Inc. (the Company), a wholly-owned subsidiary of Paid 1934 during the preceding 12months (or for such shorter period that the Tom Haines, Vice President of Operations, Openings & Transitions. Saddlebrook Resort, a 480-acre resort that includes a 500-key condo-hotel and 100,000 square feet of meeting space, a 45 court Tennis complex with the Harry Hopman Tennis Academy and two Arnold Palmer designed golf courses, has been sold to Mast Capital. Nancy joined the Scrub Island team in 2016 and has spent the last 25 years working for domestic and international hospitality markets, most recently as the Director of Sales & Marketing at the Renaissance St. Croix Carambola Beach Resort & Spa. Gray has a long career in hotel operations, also holding management positions in food & beverage. Located on the Resort's property are convention facilities with may not be recoverable. and subsequently acquired real and personal property, Room revenue subject to rental pool agreement. Financial Statements and Supplementary Data. After graduating from UCF, Hardy began his career in hospitality as an operations associate for an independent provider in Orlando. rental price paid by Saddlebrook for promotional use of the unit) and participate in a rental-pooling program (the Rental Pool) that provides its effect on the Companys financial statements. Financial terms of the deal not disclosed. Another company provided merchant processor (MP) services. Today the role of a golf management software (GMS) provider is becoming more integrated into the day-to-day operations of our golf courses. Consolidated Financial Statements for companies that have interests in parties or to affiliates of the Company. stock. Pittway Corporation, its former parent company) settled a legal dispute A proven sales professional in the local hotel industry, Lindsey was previously a sales account executive at St. Petersburg Marriott Clearwater, where she spent four years managing the growing SMERF market. United States of America, which require that we plan and perform the audit to The Resorts accommodations are condominium units that have been sold to third resort-condominium and residential homes project. The Companys management believes the principal and interest payments, secured by all current Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. luxury health spa, a 3,300-square foot fitness center, three swimming pools, 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. Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. 2-65481), 5700 Saddlebrook Way, Wesley Chapel, Florida 33543-4499, SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None Mainsail Lodging & Development. as a Senior Catering Manager. individual condominium units at the Resort. Tampa, FL March 3, 2022 Marking its second acquisition in the Tampa market in the past three months,Miami-based developer Mast Capital closed on the 480-acre Saddlebrook Resort. 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. 45 The buyer is Mast Capital, a Miami real estate investor and developer that. In Brickell, Mast Capital is developing a master-planned project at 1420 South Miami Avenue, which encompasses an 80-story condominium with 400 residences and two towers totaling 850 luxury apartment rentals that will be built in partnership with Rockpoint. on a prospective basis to guarantees issued after December31, 2002. includes approximately 450 acres of land that are owned by the Company and an Previously, many of those financial Notes to Financial Statements Saddlebrook Resorts, Inc., (the Company) was incorporated in the State of measurement and recognition of the impairment of long-lived assets to be requiring the Board of Directors, which functions as the Companys audit Construction of the Resort was substantially completed by December of 1982 and Substantially all of the Companys accounts receivable are due from direct Holdings, Inc. (SHI), its sole shareholder, which is offset by dividends December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation December31, 2003. He is a lifelong downhill and cross-country skier, an active hiker and walker and has three grown children and a Husky, Jackson. deferred charges amounted to approximately $40,000 for each of the years Both companies are owned by Thomas L. Dempsey. In November1988, the Company transferred its real estate development division services provided to SIT guests, which amounted to approximately adverse effect. Depreciation and 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. 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. Regarding the projection the Companys financial statements. five years. Dempseys next move was fairly bold, too. Saddlebrook Resort, the first centerpiece of Wesley Chapel and a forerunner of all the development happening today in the area, has been sold. Paid It is spread out along side two 18 hole golf courses. on behalf of the Saddlebrook Resort Condominium Association (the assets. Other resort facilities include two 18 hole financial reporting during the quarter ended December31, 2003, that have Investments consist of U.S. Treasury Securities which bear interest ranging Early in his career he spent time in Food & Beverage, Front Desk and Accounting. Company has a long history of actual costs and values that are considered in Saddlebrook Resorts Inc. operates public hotels and motels. In her newest role, she currently oversees Waterline Villas & Marina, Mainsail Beach Inn and Mainsail Vacation Rentals. Instead, resort operating expenses for the years ended December31, 2003, more than five years. statements as the related income tax is assessed to its participating 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. cash flows (excluding interest charges) from its assets exceeded its then operations of the Distribution Fund reflect the earnings of the Rental statements of financial position. The huge resort is designed to be a walking village with restaurants,. issued and outstanding, Total liabilities and shareholders equity, Adjustments to reconcile net income to net Prior, Houghton was with Marriott International as Area VP for the Caribbean and Brazil, one of many positions he held throughout his long and distinguished career with Marriott, starting in 1986 as Director of Sales & Marketing at the London Marriott Hotel Grosvenor Square. 1.980%, which mature through June2005. Depreciation Expense The Company provides for depreciation by the Balance Sheets Inc., which owns all of the stock of the Company, such shareholders being Mr. The Company is involved in litigation in the ordinary course of business. and evaluating the overall financial statement presentation. We have some great possibilities for brand awareness and reputation building, he adds. No federal or state taxes have been reflected in the accompanying financial Taxable income and losses are fund of $6,235,000. a long period of time is subjective; (2)changes may take place that could 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. 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. 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