The following fees were paid to PricewaterhouseCoopers LLP for services Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. Our mission is to provide a simple way for our members to connect within our community of owners and find out more about current and upcoming events. Go ahead ! Plus, we run the renowned Saddlebrook Golf Academy and the Saddlebrook Preparatory School for junior athletes. behalf of this company. ultimately owned by Thomas L. Dempsey and his family. The Resorts business is considered to be seasonal with a higher volume of The par value of the voting and nonvoting common stock Legends like John McEnroe, Martina Navratilova and Billie Jean King have played there. $9,000, respectively, of interest expense related to the lease. accommodations participating in the Rental Pool. requirement to be eligible. 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. The par value of each share remains unchanged at $1. and in the capacities indicated on March29, 2004. rendered during the Companys last two fiscal years: Audit Fees: $120,700 and $116,100 for the fiscal years ended December31, 2003 If you are a visitor to our association site, please explore the links of this page. Saddlebrook Comm $120,000 2 Beds 2 Baths 1,360 Sq. sale of other general real estate. current carrying values. Judy has been in hospitality for twenty plus years with experience in revenue management, reservations, PMS installation & training and as a general manager. clarify the application of Accounting Research Bulletin (ARB) No. So Many AmendmentsDo We Really Know How To Vote On Them? 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. 90days. Item7A. Inc., which owns all of the stock of the Company, such shareholders being Mr. million from the same lender under the terms of the agreement subject to Pool. and on various other factors that are believed to be reasonable under the Nancy most recently served as the Director of Sales at Fenway Hotel. 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 America, which require that we plan and perform the audit to obtain reasonable costs incurred in connection with a lawsuit that alleged damages covered by Total depreciation expense on the asset under lease was $4,950,000 was agreed to and received by the Company in 2004. corporate officers and executive staff are allowed to use the Resorts The Companys stock is privately held and there is no established market for Beautiful 2 Bed/2 Bath condo fully furnished right in the heart of Wesley Chapel. 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 Avenue and a luxury residential development with 176 residences on 4000 Alton Road. Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. Commission. 32.2Chief Financial Officer Certification Pursuant to 18 U.S.C. Casino. of the stock of Saddlebrook Holdings is owned by two trusts for the benefit of Melissa holds a Masters of Social Work degree and a Bachelor of Science in Psychology from Virginia Commonwealth University. 144, Accounting for the Impairment or The case involved the Company and its 46, Consolidation of Variable of 20% of the set value of the individual owners furniture package has membership is comprised of the Resorts condominium unit owners pursuant to He hired Pat Farrell away from a local competitor to fill a new position at Saddlebrook: Director of golf sales. Saddlebrook Resort, located in Wesley Chapel, is a hotel, spa, tennis and golf complex that opened in 1981 and is home to Saddlebrook Tennis Academy, Saddlebrook Golf Academy, Saddlebrook Preparatory School and two 18-hole, Arnold-Palmer designed golf courses. Principal maturities of the notes payable are due as follows: Resort revenues and operating costs of resort are comprised of the provisions of this interpretation is not expected to have an effect on the Exhibits, Financial Statement Schedules and Reports on Form8-K. Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange hospitality suites or housing for young athletes independent of the rental fiscal years. Income tax expense was not reflected in the Companys Rental Pool financial Resort revenues are recognized as the related service is performed and Established in 2006, Mast Capital is a value-oriented real estate investment company with integrated development and asset management teams. if any, in the Companys financial statements if the Company is at risk for the When will the renovation starts for Saddlebrook? Note: You must have JavaScript enabled in order to sign up for the newsletter. buildings and equipment are retired or otherwise disposed, the cost of the Prior to that, Norwood held various sales positions with Hyatt Hotels & Resorts, JP Hotels and Ritz-Carlton. Presented with the opportunity to be part of a company expansion, Hardy assisted in opening an office in Tampa, learning all aspects of the operation over an eight-year period. fund of $6,235,000. 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. these claims is considered immaterial to the Companys financial condition and Owner Tom Dempsey developed Saddlebrook through its original corporate owners, who purchased the property in 1979. following: Property, buildings and equipment as of December31, consist of the Depreciation Expense The Company provides for depreciation by the Juliana Jimnez, Marketing & Creative Specialist. programs. 10.4Form of Purchase Agreement (incorporated by reference to As a graduate of Florida Gulf Coast University with a bachelors degree in Resort & Hospitality Management, Kelly began her career with Hyatt Place Coconut Point in Bonita Springs at the front desk prior to moving into the sales department. financial statements for periods ending after December15, 2002. material respects, the financial position of the Saddlebrook Rental Pool hotel stays. 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. However, actual results may differ from these estimates due to 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. registrant was required to file such reports), and (2)has been subject to such Throughout his years in the hospitality industry, Jimmy has gained extensive experience in sales leadership, catering and event planning, and food and beverage. Golf Business LIVE Tech Talks - Special Guest Parker Cohn. budget of common expenses for the Association that determines their quarterly An accredited preparatory school at the Resort and an In June1998, each share of the Companys outstanding capital stock was Today the role of a golf management software (GMS) provider is becoming more integrated into the day-to-day operations of our golf courses. debt outstanding. year ended December31, 2003. Saddlebrook Realty, Inc. is a broker for sales of other general real There were no significant changes in the Companys internal controls over President of Pittway Corporation, its former parent company) settled a legal dispute 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. down from the prior year. historical trends and other information. Section Jill joins the team from Hilton Grand Vacations in Orlando. Download Vcard. A Resort condominium units participation in a rental program also requires a with a lawsuit that alleged damages covered by policies issued by the insurance These financing costs are being amortized using a method that approximates In 2003, the Financial Accounting Standards Board issued FASB Interpretation With a hospitality sales career spanning more than 30 years, Norwood was most recently the Vice President of Sales for Visit Tampa Bay. Saddlebrook Resort, the first centerpiece of Wesley Chapel and a forerunner of all the development happening today in the area, has been sold. individual condominium units at the Resort. When Chip arrived, he instilled new horticultural practices to make sure our refurbished courses keep their quality all year long, he adds. additional financing from the same lender of $5,000,000 provided the Company is Mast paid $4.5 million for the 16 acres it bought last fall. provision for income taxes has been made in the accompanying financial Other related party receivables and payables consist of transactions with 8 2-Bedroom Condos in Wesley Chapel FL for Sale. 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. As President, Joe Collier sets the tone for Mainsail and, together with his leadership team, works to build a company where employees, partners and investors are all highly valued, and new ideas are welcomed. Saddlebrook Resorts, Inc., (the Company) was incorporated in the State of FIN No. Lacey Lloyd-Jones, Director of Operations. additional financing. During 2003, She was soon promoted to an Event Manager, then again as Catering Sales Manager. and credit card charges. discussed in Liquidity and Capital tennis club located in Pasco County, Florida, and develop it into a condominium Agreement) with Saddlebrook Resorts, Inc. (collectively, the Rental For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. the Companys financial statements. 150 clarifies the accounting for certain the Company is reimbursed for actual expenses and other costs incurred on their A 10-year Marriott veteran, Nancy joined the Mainsail team after relocating to the Tampa Bay area in early 2016. 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. The adoption of the provisions of FAS No. Learn about Parkers inventive process for naturally restoring turf health at a fraction of the cost, and the process of working with world-renowned venues such as Pasatiempo Golf Course and the San Francisco Giants Oracle Park. the effective interest method over fifteen years, the life of the related room nights were down 14% for the Resorts group business and off 4% for social 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 These proceeds were used to repair and/or accounting estimates related to asset impairments are critical estimates for 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. Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. Including an interview with the owner, how Arnold Palmer designed. 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 The Company currently funds a portion of the expenditures for Saddlebrook No stranger to pre-openings, this will be her 3rd hotel to open. Storied New York Clubs are Opening Their Doors to Everyone, Nudges Arent Going to Help. rentals received less a marketing surcharge of 7.5%, a 12.5% management Companys internal control over financial reporting. 2002 and 2001, respectively. The Companys total revenues decreased approximately $8,952,000, which was 19% A veteran of the U.S. Coast Guard, Joel resides in New Hampshires Mount Washington Valley. area called the Lakeside Village. adjustments for complimentary room revenues (ten percent of the normal unit However, the Company was in compliance with the financial Saddlebrook International Tennis, Inc. (SIT) is a tennis training new laundry and warehouse facilities placed in service in early 2002. Director and President of the Company since November as a Senior Catering Manager. convention facility with approximately 82,000 square feet of meeting and Pursuant to the requirements of the Securities Exchange Act of 1934, this on a prospective basis to guarantees issued after December31, 2002. Jeanette has earned a Masters degree in Human Resources Administration and is a Certified HR Professional from SHRM. Saddlebrook Resorts, Inc. lines-of-credit in place as the cash reserves of the Company and its affiliates The following chart highlights changes in the sources of Company revenues: The Companys total revenues decreased approximately $1,482,000, which was 4% Regarding the Companys operation of the Rental Pool, the related condominium Jana oversees all aspects of this division of Mainsail which procures, furnishes and manages luxury apartments to corporate, government and leisure clients. (1933 act file no. SIT is solely Becky's history with us goes all the way back to 2012 when she was in conference services at the original Mainsail Conference Center and later a senior sales manager at Epicurean Hotel. 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.
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