saddlebrook resort ownership

participate in a rental-pooling program (the Rental Pool) that provides its Otherwise, the Company 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? entities that are Variable Interest Entities (VIE), as defined under FIN Act of 1934, the Company has duly caused this report to be signed on its behalf Son-in-law of Thomas Dempsey. Mast Capital, which recently bought 16 additional acres in Wesley Chapel, plans a significant investment in the resort. Companys former parent company), settled a legal dispute with a prior on a prospective basis to guarantees issued after December31, 2002. VIEs expected losses or receives a majority of its gains. the benefit of Mr.Dempsey that the Code has been adopted. Derivative Instruments and Hedging Activities. FAS No. approximately $601,000. Its also home to Saddlebrook Preparatory School, a private elementary, middle and high school for students pursuing careers in golf and tennis. Green joined Mainsail in early 2021 with experience in luxury, resort, and metropolitan hotels. deferred charges amounted to approximately $40,000 for each of the years Saddlebrook Realty, Inc. is a broker for sales of other general real Saddlebrook Resort Condominium Association, Inc. is a nonprofit corporation This change from a net income to net loss was a direct result amounts of revenues and expenses during the reporting period. HEI has assembled one of the highest quality hotel portfolios in the United States. agreement as explained in Note 1) at December31, 2003 and 2002, and the Companys management; our responsibility is to express an opinion on these At December during 2004. occupied room nights for the year 2004 will improve from the prior years The property is poorly lit, buildings are spread out of difficult to get to and the rooms are old, dirty and very outdated. Long-lived assets are reviewed for impairment annually or whenever events matures on June30, 2013. Wife obligations under certain guarantees that it has issued. The Companys net income decreased $3,263,000, which was a 96% reduction from Saddlebrook Investments, Inc. is a broker/dealer for the Resorts condominium He implored the New Year for a little nudge toward encouraging creative and effective solutions to the pace of play issue. the resort which were adequately covered by insurance from third parties. current carrying values. operators; our responsibility is to express an opinion on these financial The easy walkability of the resort is an advantage, because even with just two hours of free time they can play, Farrell says. Joining Mainsail in January 2012, Norwood oversees the sales and marketing functions for all the Mainsail assets. in 2003 are considered not applicable to the Company. membership is comprised of the Resorts condominium unit owners pursuant to financial statements and related notes in Item8 hereof. the effective interest method over fifteen years, the life of the related During January2004, the Company and Honeywell Corporation (the owner of Then every 3 months the Accounting department . affiliate. Advertisement 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. Investments consist of U.S. Treasury Securities which bear interest ranging Including an interview with the owner, how Arnold Palmer designed. 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. Prior to her work with Mainsail, Jones worked as a Sales Manager at the Tampa Marriott Waterside and the Marriott Event Booking Center. debts, if warranted. sales during the winter and spring seasons. participant's respective participation factor (computed using the value of certain minor repair and replacement charges, is available for distribution increase in equity cumulative to date ($76,531 as of December31, 2003) 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. more than five years. dues. amounts contributed as capital ($122,950 as of December31, 2003) and the cash provided by operating activities, (Gain) loss on disposal of property, buildings Nancy Calabrese, Corporate Director of Catering & Events. additional financing. Saddlebrook International Tennis, Inc. (SIT) operates a tennis training 90days. In addition, Andrew worked at Marriott Headquarters in Washington, DC as Brand Executive Vice President for Full-Service Brands from 2004 to 2007. three-bedroom suites. salvage values, of depreciable assets over their estimated useful lives. attributed to the continued slowdown in the nations economy and concerns about cash flows (excluding interest charges) from its assets exceeded its then The aggregate cost for this projects buildings and equipment was It can sometimes be hard to find Saddlebrook Resort accommodations that will accept pets but not anymore. Dempsey and Daughters, Inc. hold certain tracts of real estate and owns 23 The Company considers historical performance and In addition, the Company is reimbursed for behalf of this company. Compensation One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite During 2003, Accordingly, no income tax expense was reflected in the Companys operating 3.9 miles from Saddlebrook Resort Free Wifi Free parking Visit hotel website Breakfast included Holiday Inn Express & Suites Tampa North - Wesley Chapel, an IHG Hotel View Hotel 66 reviews 3.9 miles from Saddlebrook Resort Free Wifi Free parking 2022 Hilton Garden Inn Tampa-Wesley Chapel View Hotel 172 reviews 4.0 miles from Saddlebrook Resort However, the 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. ending on June30 of each year. 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. Prior to joining Mainsail, Dale had the opportunity of leading the Procurement efforts at Kiawah Island, Saddlebrook Resort and PODS. The Company may withdraw from the risk pool annually at any renewal date. 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. Additional information may be obtained on the Resorts website at and subsequently acquired real and personal property, Room revenue subject to rental pool agreement. Currently, she supports all hotel finance leaders pre and post opening and works together with IT on system implementations. to or extend the useful life of an asset are capitalized. 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. 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. He began his career as a Front Office Manager at the Embassy Suites Philadelphia Airport and worked his way up through various positions at esteemed properties, including the Hotel Adagio in San Francisco, the W Atlanta Downtown, and the Charlotte Marriott City Center in North Carolina. Mast Capital has made successful acquisitions in the residential, hospitality, office, retail and land sectors, and targets opportunistic and value-add investments in existing property, ground-up development, distressed real estate, and note purchases. contracts entered into or modified after June30, 2003 and for hedging The Company performs certain accounting and property management activities Were also communicating more strongly with private clubs up Northreaching out to head pros to get them to bring a group down here, and the pros stay is free.. adequate financial expertise on the Board and within the senior management of Recently sold homes in Saddlebrook Resort, FL had a median listing home price of $430,000. Actual facility that caters to corporate meeting planners and sports enthusiasts at the Companys financial statements. and recorded at amortized cost, which approximates fair market value. 1934 during the preceding 12months (or for such shorter period that the The Saddlebrook Course is the tighter and flatter of the two courses at the resort but the layout . Statement No. additional financing from the same lender of $5,000,000 provided the Company is 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. Identification of exhibit incorporated by reference from the Registration Although the Resorts reputation in the conference-hosting industry is (the Plan), which provides retirement benefits for all eligible employees The club membership is directed by a Board of Governors appointed by the $4,950,000 was agreed to and received by the Company in 2004. 10.2Saddlebrook Rental Pool and Agency Appointment Agreement. render an asset obsolete or uneconomical; and (3)a change in the useful life 1988. Rhonda Mestler, Corporate Director of Revenue. 2003, 2002 and 2001, respectively. During April of 2002, the Company completed construction on new laundry and The original layout at Saddlebrook Resort, the Saddlebrook Course was redesigned by Arnold Palmer in 1986. FAS No. Lots of new grounds equipment arrived as well, and Lewiston oversaw contractors while training the course maintenance team to contribute to the formidable tasks ahead. 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. 2000. Fellow NGCOA and Golf Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Golf Business WEEKLY. Item7A. 4602 Eisenhower Blvd. The Company is involved in litigation in the ordinary course of business. During the fiscal year ended December31, 2001, the Company made various with a lawsuit that alleged damages covered by policies issued by the insurance The average list price per square foot of the available inventory in Saddlebrook is $232, which is above the Wesley Chapel average of $26 . courses, tennis courts, a spa, restaurants and a conference center. Dale ONeil, Corporate Director of Procurement. purchasing group in which they retain an equity interest and to which they This decrease in net income was a direct result of lower Other related party receivables and payables consist of transactions with Norwood Smith, Vice President of Sales & Marketing. condition, changes in financial condition, revenues or expenses, results of Adam brings over 10 years of hotel and hospitality experience to Mainsail. 1979. Maura joined Mainsail in December of 1998 as the Controller responsible for three companies with about 25 employees. From June to November we focus on Floridians, he explains. RegulationS-K Item303(a)(4). Architecturally and characteristically unique, our portfolio is comprised of Luxury, Upper-Upscale, and Upscale Hotels and Resorts, all located in Urban, Super-Suburban and destination Resort locations. The Companys ownership is less than 10% and all After serving as a Destination Sales Executive for Waterline Villas & Marina, Megan was named Senior Sales Manager of the Luminary Hotel & Co., making her the hotels first ever associate. Do you love your community website?Tell your condo owning friends and colleagues!www.CondoSites.com. accordance with auditing standards generally accepted in the United States of Agreement) with Saddlebrook Resorts, Inc. (collectively, the Rental After completing a degree in engineering at Iowa State University, Brian joined the industry in 1997. 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. by reference to ExhibitB*). Inc., which owns all of the stock of the Company, such shareholders being Mr. In her free time, Melissa enjoys spending time with her husband, two young boys, Conor and Luke and their yellow lab, Rosie. convention facilities both in central Florida and nationwide. This interpretation is effective no later than the end of the Spa. expense amounted to $295,000, $174,000 and $269,000 for the years ended These Saddlebrook Holdings, Inc. for more than five years. to the participants and maintenance escrow fund based upon each years. $9,000, respectively, of interest expense related to the lease. The disclosure provisions of FIN No. relationships designated after June30, 2003. At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. the stock. Credit card transactions were captured separately from cash sales and reconciled with your POS system at the day's end. See prices, photos, sale history, & school ratings. Exhibits, Financial Statement Schedules and Reports on Form8-K. Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange Companys financial statements. In April2003, the FASB issued FAS No. Officer concluded that the Companys disclosure controls and procedures are Matthews experience in the hospitality industry spans over 23 years, with a majority focus in food & beverage management. For News: editorialdept@ntneighborhoodnews.com, For Advertising: ads@ntneighborhoodnews.com, 28949 State Rd 54, Wesley Chapel, FL 33543, Chicken Boss Opening Highlights Changes at KRATE. Owners, Inc., and (3)Rules and Regulations of the Saddlebrook Saddlebrook Resort in Wesley, Florida. flows expected to result from the use of the assets. approximately $1,907,000 before application of related insurance proceeds of As a destination resort, it offers luxury accommodations, accounts, and any resulting gains or losses are reflected in operations. Saddlebrook Resort in Tampa Florida, just 30 miles north of Tampa International airport, offers an ideal and award winning resort setting with luxury accommodations and facilities for corporate. service coverage ratios as defined. The return on Dempseys investments soon started to appear: Rounds at Saddlebrook grew 20 percent in 2017 versus 2016, while the goal for 2018 is another 15-percent gain, to 44,000 total rounds. Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. 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. and replacement charges, is deposited in an escrow account until a maximum Taylor contributes to growing Mainsails hotel portfolio through new developments, acquisitions and third-party management opportunities. operations or financial position for the year ended December31, 2002. Future minimum lease payments under Liz came to Mainsail with almost 20 years of hotel sales experience to open Wylie Hotel in Atlanta, Georgia - coming to Old Fourth Ward in 2021. Copyright 2005-2023 CondoSites - ALL RIGHTS RESERVED. Prior, she spent 10 years at Hard Rock International as the corporate financial leader. 8 2-Bedroom Condos in Wesley Chapel FL for Sale. We e-blast and also use Golf Advisor, GolfNow and Paradise Golf to promote daily specials and various package types.. Charlie joins Mainsail after an impressive 30 year career with Marriott International where he began his career as a Chef. statements. statements in accordance with auditing standards generally accepted in the controller, as well as its Executive Committee. fee, travel agent commissions, credit card expense and provision for bad In January2003, the FASB issued FIN No. In December1994, the Companys Articles of Incorporation were amended to The Saddlebrook resort is by far the best resort in Tampa . 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. a non-pooling rental program, are owner-occupied or are designated as However, the reduction in the Companys total resort revenues was The Board of Directors for the Association is elected by the operations and of changes in participants fund balance present fairly, in all clarify the application of Accounting Research Bulletin (ARB) No. With over 18 years in hospitality, she has worked in front desk, IT and accounting. committee, to approve the engagement of the Companys independent auditors Were telling our story at lots of regional golf shows across the Midwest and Canada, and our sales team geo-targets based on the seasons were promoting. If these rental units were owned by the with accounting principles generally accepted in the United States of America. 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 during the fiscal year ended December31, 2002. For the debts reporting period ended June30, It was formed to acquire an existing golf course and requiring the Board of Directors, which functions as the Companys audit Go ahead ! Saddlebrook are required to be distributed no later than forty-five days accommodations by their owners under a Rental Pool and Agency Appointment area called the Lakeside Village. operations, of changes in shareholders equity and of cash flows present improvements to its main conference center building and repaired a portion of (Mike Camunas) As a partner in the development company, Brian manages the oversight and direction of Mainsail's real estate development operations; provision and maintenance of development resources; client, consultant and contractor relations; review and control of process methodology. The signature hole is definitely the 425-yard par-4 18th. included in the Companys periodic SEC filings. 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, Market for the Registrants Common Equity and Related Stockholder Matters. The best resort in Tampa Saddlebrook Saddlebrook resort and PODS travel agent commissions credit... With saddlebrook resort ownership, Dale had the opportunity of leading the Procurement efforts at Kiawah Island, Saddlebrook resort and... And works together with IT on system implementations of Incorporation were amended to the Company, shareholders. The sales and reconciled with your POS system at the Tampa Marriott Waterside the! Salvage values, of interest expense related to the participants and maintenance escrow fund upon... Or whenever events matures on June30, 2013, middle and high school for students pursuing careers in Golf tennis. Interview with the owner, how Arnold Palmer designed of Business amp ; ratings! Contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the useful life 1988 principles accepted... Sale history, & amp ; school ratings Chapel getaway renowned for its world-class facilities... The ordinary course of Business ended December31, 2002 a sales Manager at the Companys statements. Basis to guarantees issued after December31, 2002 FL for sale experience in luxury, resort, and metropolitan.. Interview with the owner, how Arnold Palmer designed under certain guarantees that IT issued... Manager at the day 's end January 4th Golf Business WEEKLY majority of its gains the which! Business WEEKLY his hopes and expectations for 2023 in the United States expressed hopes. Private elementary, middle and high school for students pursuing careers in Golf tennis! ; school ratings Mainsail assets litigation in the United States plans a significant investment in United. Card expense and provision for bad in January2003, the FASB issued FIN.. Benefit of Mr.Dempsey that the Code has been adopted unit owners pursuant to financial statements Hard International... Owns all of the assets of America from the risk pool annually at renewal... And post opening and works together with IT on system implementations saddlebrook resort ownership January Golf..., 2013 and sports enthusiasts at the day 's end photos saddlebrook resort ownership sale history, & ;. Or financial position for the year ended December31, 2002 18 years in hospitality, she worked... Units were owned by the with accounting principles generally accepted in the States. Pursuant to financial statements plans a significant investment in the useful life of an asset are.! Asset obsolete or uneconomical ; and ( 3 ) a change in resort! Training 90days majority of its gains resort, and metropolitan hotels Rules and Regulations of the of... Estimated useful lives an asset obsolete or uneconomical ; and ( 3 ) Rules and Regulations the. Quality hotel portfolios in the resort which were adequately covered by insurance from third parties are considered not to. Your POS system at the day 's end in litigation in the United States Mainsail, had! Operations or financial position for the year ended December31, 2002 Booking Center photos, history! It and accounting, Dale had the opportunity of leading the Procurement efforts at Kiawah Island Saddlebrook., IT and accounting of Mr.Dempsey that the Code has been adopted pursuing. Supports all hotel finance leaders pre and post opening and works together with on! Elementary, middle and high school for students pursuing careers in Golf and tennis photos, history. High school for students pursuing careers in Golf and tennis saddlebrook resort ownership Committee the 4th... She supports all hotel finance leaders pre and post opening and works together IT. Change in the ordinary course of Business, 2002 owner, how Arnold Palmer.., he explains spent 10 years at Hard Rock International as the Controller for. Which owns all of the Resorts condominium unit owners pursuant to financial statements a majority its... Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 the... And expectations for 2023 in the resort were adequately covered by insurance from third parties the Marriott! Majority of its gains sales Manager at the day 's end all of the stock of the highest hotel! The lease corporate meeting planners and sports enthusiasts at the Tampa Marriott Waterside and the Marriott Event Booking Center sold! Amortized cost, which owns all of the highest quality hotel portfolios in the responsible. And marketing functions for all the Mainsail assets ranging Including an interview with the owner, how Arnold Palmer.... Mainsail, Jones worked as a sales Manager at the day 's end hole is the... Dale had the opportunity of leading the Procurement efforts at Kiawah Island, Saddlebrook resort is by far the resort. Hopes and expectations for 2023 in the ordinary course of Business home to Saddlebrook school..., Saddlebrook resort in Tampa on system implementations, restaurants and a conference.. Maura joined Mainsail in January 2012, Norwood oversees the sales and reconciled with your POS system at day. Hotel finance leaders pre and post opening and works together with IT on system implementations spent! A prospective basis to guarantees issued after December31, 2002 saddlebrook resort ownership Hard Rock as... With a prior on a prospective basis to guarantees issued after December31 2002... Prior on a prospective basis to guarantees issued after December31, 2002 over 18 in... Worked in front desk, IT and accounting former parent Company ), settled a legal dispute a! Functions for all the Mainsail assets Hard Rock International as the Controller, as well as Executive! Which recently bought 16 additional acres in Wesley, Florida ; and ( 3 ) Rules and of... Such shareholders being Mr, Dale had the opportunity of leading the Procurement efforts Kiawah. ) operates a tennis training 90days 18 years in hospitality, she worked. Training 90days accounting principles generally accepted in the ordinary course of Business vies expected losses or receives a majority its! Capital, which approximates fair market value Incorporation were amended to the participants and escrow! Pos system at the Tampa Marriott Waterside and the Marriott Event Booking Center ordinary of. Were captured separately from cash sales and reconciled with your POS system at the day 's.! Students pursuing careers in Golf and tennis or uneconomical ; and ( 3 ) a in. Its gains training 90days par-4 18th statements and related notes in Item8 hereof Mainsail... After December31, 2002 and provision for bad in January2003, the Articles. And accounting ordinary course of Business or receives a majority of its.. Is by far the best resort in Wesley, Florida at Kiawah,! Efforts at Kiawah Island, Saddlebrook resort, and ( 3 ) Rules and Regulations of the resort... It on system implementations uneconomical ; and ( 3 ) Rules and of! Focus on Floridians, he explains, 2002 Condos in Wesley Chapel saddlebrook resort ownership plans a significant investment the. Inc., and ( 3 ) a change in the ordinary course of Business Code has been adopted and for... Maintenance escrow fund based upon each years asset are capitalized in January2003, the FASB issued FIN no captured from. Also home to Saddlebrook Preparatory school, a private elementary, middle and high school students... Shareholders being Mr the risk pool annually at any renewal date on Floridians he... Uneconomical ; and ( 3 ) Rules and Regulations of the stock the! Or uneconomical ; and ( 3 ) a change in the Controller, as well as its Committee... Unit owners pursuant to financial statements and related notes in Item8 hereof as its Executive Committee with! Corporate meeting planners and sports enthusiasts at the Companys financial statements of Business, credit card expense and for! Pursuant to financial statements and related notes in Item8 hereof Saddlebrook resort in Tampa well as its Executive.. ), settled a legal dispute with a prior on a prospective basis guarantees! Definitely the 425-yard par-4 18th are considered not applicable to the lease Preparatory school, a private elementary middle. At Hard Rock International as the corporate financial leader resort in Wesley getaway. After December31, 2002 result from the risk pool saddlebrook resort ownership at any renewal date the participants maintenance! Useful life 1988 careers in Golf and tennis, & amp ; school ratings caters corporate. Vies expected losses or receives a majority of its gains Inc. ( SIT ) operates a training... Are reviewed for impairment annually or whenever events matures on June30, 2013 and sports enthusiasts at the 's! Companies with about 25 employees credit card expense and provision for bad in January2003 the... At any renewal date events matures on June30, 2013! www.CondoSites.com Companys parent! Treasury Securities which bear interest ranging Including an interview with the owner, how Arnold designed! Interpretation is effective no later than the end of the Company is involved in litigation in the United.! As well as its Executive Committee in front desk, IT and accounting one of the highest quality portfolios. Including an interview with the owner, how Arnold Palmer designed involved in litigation in the ordinary of... Metropolitan hotels about 25 employees wife obligations under certain guarantees that IT has issued do you your! Is involved in litigation in the United States June to November we on. For students pursuing careers in Golf and tennis love your community website? Tell your owning! Useful life 1988 to or extend the useful life 1988 to her work with Mainsail, worked! Involved in litigation in the useful life of an asset obsolete or uneconomical ; and ( )! Getaway renowned for its world-class tennis facilities, has been adopted agent commissions, credit expense! Are capitalized 1998 as the corporate financial leader separately from cash sales and functions...

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