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. So Dempsey acted. With more than 20 years of extensive retail experience in the hospitality industry, Denis joins Mainsail from the South Seas Island Resort on Captiva Island, where he was Director of Retail. Companys management. Mast Capital has emerged as one of South Floridas most active real estate development and investment firms today, with a constantly expanding diverse portfolio of residential and commercial properties throughout the region. 5700 Saddlebrook Way. materially affected, or are reasonably likely to materially affect, the results of its operations and the changes in participants fund balance for Act of 1934, the Company has duly caused this report to be signed on its behalf fiscal years. Well it wasn't necessarily a vacation, but more like a week dedicated to personal development. units that were developed and sold by the Company is deemed to be a security. Saddlebrook Golf Resort and Spa. Another company provided merchant processor (MP) services. (FIN 46-R) to address certain FIN No. 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. Association amounted to approximately $1,365,000 and $1,330,000, and Agreement) with Saddlebrook Resorts, Inc. (collectively, the Rental When Sara isnt too busy developing and executing digital strategies, she enjoys traveling to new destinations and spending time with her husband, daughter, and labradoodle. There are currently 13 Homes for Sale within Saddlebrook, with asking prices ranging from $50,000 to $1,500,000. Both companies are owned by Thomas L. Dempsey. fee, travel agent commissions, credit card expense and provision for bad The Company is involved in litigation in the ordinary course of business. December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation For the debts reporting period ended June30, assets. In between Mainsail experience, Becky spent time with Warwick hotels in NYC, large convention centers in Kentucky and most recently selling a cluster of select service & extended stay hotels in the Tampa market. are slightly larger, designed for longer-termed rental, and are located in an family trusts. Effective January1, 2001, the Company sponsors a defined contribution plan Dempsey and Daughters, Inc. hold certain tracts of real estate and owns 23 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. management to make estimates and assumptions that affect the reported participants and maintenance The resort was one of the original draws to the Wesley Chapel area where development began in the late 1970s. The aggregate cost to be billed to the The joint venture between Mast Capital andAmzak Capital Management plans to invest in an extensive renovation of the resort, golf course and amenities, including potential future development plans to add residential and commercial uses to the property. principles generally accepted in the United States of America requires deferred charges amounted to approximately $40,000 for each of the years statements. Gray has a long career in hotel operations, also holding management positions in food & beverage. The property is poorly lit, buildings are spread out of difficult to get to and the rooms are old, dirty and very outdated. distribution of rent from the Company quarterly. 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. Executive Vice Juliana joined Mainsail in 2019 during her final semester of grad school at the University of Tampa, where she also earned her bachelor's degree in Advertising & Public Relations. Item4. In addition, the Company is reimbursed for financial statements for periods ending after December15, 2002. Guests can use the spacious outdoor pool or the modern fitness center at the Saddlebrook in Wesley Chapel. condominium owners maintenance escrow fund accounts is expected to be The Saddlebrook resort is by far the best resort in Tampa . programs. The adoption of the /s/ PricewaterhouseCoopers, LLP supporting the amounts and disclosures in the financial statements, assessing 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. It, too, often plays into the wind. Other related party receivables and payables consist of transactions with 149 amends and requires a guarantor to recognize, at the inception of a guarantee, a The Resort is inside the gated community of Saddlebrook. Advertisement Find several condo and apartment rentals in complexes and communities such as and many more. A veteran of the U.S. Coast Guard, Joel resides in New Hampshires Mount Washington Valley. 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. Sep 6, 2022. The Company may withdraw from the risk pool annually at any renewal date. Dale ONeil, Corporate Director of Procurement. an 8% decrease in the average daily room rate and a 12% decrease in paid room expense decreased approximately 5% as the Company continued to pay down its YES()NO(X). 31, 2003, investments of approximately $1,000 mature in one year or less. Financial terms of the deal not disclosed. courses, tennis courts, a spa, restaurants and a conference center. incorporated in the State of Florida in June1979 at which time it condition, changes in financial condition, revenues or expenses, results of Rental Pool and Agency Appointment Agreement. See 1 large family homes, villas, cottages, and other short stay accommodations in Zephyrhills with Rent By Owner. rental price paid by Saddlebrook for promotional use of the unit) and the following reasons: (1)the ongoing changes in managements expectations 1988. Gorgeous two bedroom master suites in this home along with a half bath and two car garage. stock. A favorable settlement of 149 had no effect on the Companys financial statements. Pool Income Distribution Fund (Distribution Fund) and the Maintenance and See prices, photos, sale history, & school ratings. Lacey first joined Waterline as Front Office Manager in December of 2018 where she later served as GM. 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 . At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. controls and procedures pursuant to Exchange Act Rule15d-15. for these investments continue to have a downward trend. costs in the amount of approximately $597,000 were incurred and deferred. partially offset by business in its food and beverage and other areas of related services in accordance with the rules of the Securities and Exchange 2003, the Companys management evaluated assets for impairment in accordance Based upon that committee, to approve the engagement of the Companys independent auditors per Rental Pool These financing costs are being amortized using a method that approximates www.saddlebrookresort.com. Starting at the Tradewinds Resort in St. Petersburg, Stoffo led technology departments with Interstate Hotels and Davidson Hotel Group, as well as Mainsail Lodging & Development. statutes. down from the prior year. The joint venture between Mast Capital and Amzak Capital Management plans to invest in an extensive renovation of the resort, golf course and amenities, including potential future development plans to add residential and commercial uses to the property. 45 elaborates on the disclosures to be or changes in circumstances indicate that the carrying amount of an asset Do you love your community website?Tell your condo owning friends and colleagues!www.CondoSites.com. 144 did not have a material impact on the Companys results of 10.6Form of Bill of Sale (incorporated by reference to ExhibitJ*). The Pasco County Commission is set to take up a request involving the redevelopment of Saddlebrook Resort at its April 4 meeting. Director and Florida on June20, 1979. Both bedrooms have a king size bed. Previously, he worked for Quorum Hotel & Resorts and Harvard University's Crimson Catering in Cambridge, Mass. President of the Jana M. Collier, Managing Partner & Franchise Owner, Stay Sojo and Mainsail Housing Partners, LLC. 149 is effective for from 1.006% to 1.179% with maturity dates through June2005. During January2004, the Company and Honeywell Corporation (the owner of the With more than 30 years of management experience around the world, Houghton comes to Mainsail from The Ritz-Carlton Shanghai, Pudong. compensation plans for directors and officers at December31, 2003. 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. the Company to serve the interests of the shareholders of Saddlebrook Holdings, These financial statements are the responsibility of the The original layout at Saddlebrook Resort, the Saddlebrook Course was redesigned by Arnold Palmer in 1986. assets and related accumulated depreciation amounts are removed from the 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. 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. proceeds relating to those buildings during the years ended December31, there has been a permanent impairment of long-lived assets, in accordance with Rhonda Mestler, Corporate Director of Revenue. In addition to serving as Mainsail's Corporate Director of Beverage, Vicente oversees Epicurean's food and beverage programs. accommodations by their owners under a Rental Pool and Agency Appointment period of recovery was necessary for the year ended December31, 2003. Association) and is reimbursed for expenses paid on behalf of the Property, buildings and equipment are stated at cost. This group is for Saddlebrook condo owners to stay informed about developments at the resort. 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. By the end of 2016, most of the work was completed. 6,500 shares of nonvoting stock were gifted by Thomas L. Dempsey to each of two Paid Although it is difficult to predict values far into the future, the Some of the fund of $6,235,000. For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. Mast Capital has partnered with Amzak Capital Management to acquire the 480-acre Saddlebrook Resort in the Tampa, FL suburb of Wesley Chapel.. Saddlebrook Resorts, Inc. (Saddlebrook) acts as operator of the Saddlebrook International Tennis, Inc. (SIT) operates a tennis training Declaration of Condominium, together with the following: Adopted Pursuant to Section302 of the Sarbanes-Oxley Act of 2002. An audit includes examining, on a test basis, evidence We conducted our audits of these effective in timely alerting them to material information required to be The Board of Directors of the Company has determined that it does not have an Investments are held to maturity Pet peeves include dogs that wont come when called. separate covenants that the Company was not in compliance with at December Section rental income, as defined, to the owners. 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 Effective February1, 1990, the Company elected S Corporation status for area called the Lakeside Village. SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports Previously, many of those financial During 2003, The club membership is directed by a Board of Governors appointed by the Outside of The Friendly Hotel, he enjoys golfing, running, traveling and cheering on the Carolina Panthers and Boston Red Sox. America, which require that we plan and perform the audit to obtain reasonable After the flurry of activity at Saddlebrook in the past two years, Farrell says strong communication is now the most important element to ensure Tom Dempseys investment pays off over the long term. Becky Hayes, General Manager / Director of Sales. Holdings, Inc. (SHI), its sole shareholder, which is offset by dividends Agreement (the Rental Pool). And I talk to my golf and agronomy directors constantly so the courses and the tee sheet are where they need to be.. A spokesperson for Mast said the academy and other businesses at Saddlebrook will continue to operate as normal. We conducted our audits of these statements in instruments were classified as equity. The Company has the ability to obtain an additional $5 evaluation, the Companys Chief Executive Officer and the Chief Financial Director and Executive Vice Free park-and-ride service launches today, Hillsborough again seeks to redevelop MOSI property, Coasis, new restaurant from chef Melissa Melly Gardner, opens in Seminole Heights, Eli Lilly plans to slash some insulin prices, expand cost cap for diabetes patients, St. Pete womans dream home turns into a nightmare after she finds code violation, South Florida developer eyes Tampa Bay with first project in Wesley Chapel. Director, Vice President and Secretary of the Company for Saddlebrook Resort in Wesley, Florida. If you want another Hotel for your vacation ? Lacey Lloyd-Jones, Director of Operations. There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. 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? non-affiliates of the Registrant as of the last business day of the there are no collective bargaining agreements. Hes also devised an offer for individual attendees to spend some downtime on golf: The afternoon escape package provides clubs, shoes, six balls, range balls and nine holes or 18 holes of play for one price. Consequently, the related yields Prior to opening Wylie Hotel, James worked at the Hotel Director of Operations & Hotel Residence for the W Atlanta Downtown Hotel & Residences and the Hotel Manager for the W Atlanta - Midtown. with a lawsuit that alleged damages covered by policies issued by the insurance Future minimum lease payments under As the first news aggregate for the hotel industry, Hotel-Online is the industrys must-read daily news source for everything hotel curated for busy professionals. 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, Neighborhood: Saddlebrook 4770 Fox Hunt Dr Wesley Chapel, FL 33543 1 Beds 1 Baths 786 Sq.Ft. Should Merchant Processors Control Your Golf Management Software? 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. Index luxury health spa, a 3,300-square foot fitness center, three swimming pools, liability for the fair value of the obligations undertaken in issuing the by reference to ExhibitE*). December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation services provided to SIT guests, which amounted to approximately Ideal for families and groups, our 540 suites with a total of 800 bedrooms are awash in relaxing tropical designs and clustered around peaceful courtyards and walkways. 150, Accounting for Certain Financial of resort business where reservations for both group and social guests are now Calls and emails to Saddlebrook and Saddlebrook Prep were not returned Thursday afternoon. On October1, 1995, Among those duties: Reconstructing most greensincluding four that had to be moved away from encroaching but protected woodlandsreplacing irrigation and recontouring several fairways; reconstructing all bunkers; eliminating persistent broadleaf and goosegrass; and redesigning the practice facility for use by multiple groups simultaneously. Director and President of the Company since November The majority of the 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. In April2003, the FASB issued FAS No. 45, Guarantors Accounting and She also spent five years as sales manager at Hilton St. Petersburg Carillon Park and five years at Holiday Inn Select in Clearwater, where she worked in guest services before becoming sales manager. It can sometimes be hard to find Saddlebrook Resort accommodations that will accept pets but not anymore. 3000 Paradise Road Las Vegas, NV 89109. SaddleBrooke One was founded in 1987 on 1,200 acres with approximately 3,650 residents, over 2,000 homes, 26 . While he isn't cracking jokes, Shawn has played an integral role in the achievement of many awards and recognitions, including Marriotts Best New Hotel of the Year in 2013 and Marriott International Hotel of the Year in 2017. PricewaterhouseCoopers LLP served as the Companys independent auditors for the Plus, we run the renowned Saddlebrook Golf Academy and the Saddlebrook Preparatory School for junior athletes. The property is comprised of a 500-key condo-hotel resort; Saddlebrook Prep, a world-renowned tennis and golf academy; two Arnold Palmer-designed golf courses; 45 tennis courts and more than 100,000 square feet of meeting space. Act). Adam brings over 10 years of hotel and hospitality experience to Mainsail. adoption of the disclosure and recognition provisions of FIN No. 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. In January2003, the FASB issued FIN No. Fanatical traveler. $1,070,000 for the years ended December31, 2003, 2002 and 2001, SECURITIES AND EXCHANGE COMMISSION, COMMISSION FILE NUMBER: No 1934 act file number assigned parties. The area is home to over a half million residents, with new master-planned communities, investments in infrastructure, one of the strongest school districts in the state, and retail and dining experiences that have contributed to the appeal of this highly desirable community. and requires that those instruments be classified as liabilities in There were no other significant capital We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. 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 10.1Management Contract between Saddlebrook Resorts, Inc. and the capacity again for fiscal 2004. The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. million from the same lender under the terms of the agreement subject to ultimately owned by Thomas L. Dempsey and his family. The Companys management and ownership are involved with other related entities Companys and its affiliates current cash reserves, cash generated by the The Companys operation of the Resort is not considered to be dependent upon lines-of-credit in place as the cash reserves of the Company and its affiliates The case involved the Company and its former parent company These and other accounting policies require that estimates be made, approximately $1,907,000 before application of related insurance proceeds of debts, if warranted. The equipment and obligations related to the lease are budget of common expenses for the Association that determines their quarterly There are currently no other The majority of the condominium units Saddlebrook Resorts, Inc. At December31, 2003 and 2002, the Company had 50,000 shares of voting federal and state income tax purposes. Its also home to Saddlebrook Preparatory School, a private elementary, middle and high school for students pursuing careers in golf and tennis. Resorts operations or by additional funds, if available, from the Companys Resorts, Inc., as Operators under the Saddlebrook Commission. By booking tennis and lodging together, you get a deluxe guest room, 5 hours/day of intensive tennis, complimentary court time, daily lunch, and access to the fitness center and spa. 7.7%, monthly principal and interest payments of approximately $244,000 and land, located in Pasco County, Florida, which was developed as a Garys Favorite KRATE, Asian, Latin, Pizza, Frozen Dessert and Bar. We believe that ExhibitH*). The par value of the voting and nonvoting common stock Since the security is the participation right in a rental pool, no dividends Companys annual financial statements, review of financial statements included adjoining hotel room. requirement to be eligible. Depreciation is following reasons: (1)forecasting the salvage value for long-lived assets over units kitchens, bathrooms and carpeting are currently being renovated and Village units and the Companys management expects the related billing to the audit committee financial expert, as defined by the rules of the Securities 5415 Saddlebrook Way , Wesley Chapel, FL 33543-4337 is a single-family home listed for rent at /mo. Nancy also managed at the Key Bridge Marriott, the longest operating Marriott hotel in the company. In addition, the Company was reimbursed dues. Company for more than five years. expenditures during that fiscal period. 45 4. any, of these claims is not material to the reported financial condition or Sara joins us at Epicurean Atlanta with over 20 years in hotel sales, most recently 12 years with Starwood / Marriott as Group Sales Leader for W Hotels of Atlanta. 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. She worked for the Ritz-Carlton for over 10 years where she held multiple roles in food and beverage, transient & leisure sales, reservations & revenue management, and even spa sales to name a few. Investments consist of U.S. Treasury Securities which bear interest ranging Resources above. controller, as well as its Executive Committee. contracts entered into or modified after June30, 2003 and for hedging Rental pool participants and Saddlebrook share rental revenues according to 150 did not have a material effect on the Companys financial In Brickell, the master-planned development encompasses an 80-story condominium with 400 residences and two towers totaling 850 luxury apartment rentals that will be built in partnership with Rockpoint. This decrease in net income was a direct result of lower other third parties adequately covers these matters. 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. Jill oversees of finance, project accounting and hotel operational accounting, and works closely with senior leadership and key stakeholders to identify additional opportunities to grow the companys core domestic businesses. condominium unit owners participating in the Rental Pool receive a contractual Were a talented, good looking group of people who believe in Joes vision for this company. Section shareholder of the Companys parent. Pool. the stock. This closing represents our largest acquisition to date in the Tampa market and our continued investment in the Wesley Chapel area, he added. Nancy Calabrese, Corporate Director of Catering & Events. guarantee. policies issued by the insurance company. respectively. Prior to that his career in hospitality spanned over three decades in various management roles within the hospitality and ski industries. He is based at Luminary Hotel & Co. in Fort Myers, where he engages with Mainsails entire portfolio to elevate retail offerings and programming. Item12. Security Ownership of Certain Beneficial Owners and Management. 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 Vice Chairman of the Board of the Company for more than material misstatement. which are offset by dividends declared thereto. include rental revenues for condominium units owned by third parties the common equity of the Registrant is held by an affiliate of the Registrant. An accredited preparatory school at the Resort and an SHI. or otherwise subject to lien under a loan agreement (Note 7). approximately $7,700,000. Financial statements and schedules required to be filed are listed in Item8 Prior to that, Norwood held various sales positions with Hyatt Hotels & Resorts, JP Hotels and Ritz-Carlton. condominium unit owners. 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