Suites are equipped with full kitchens and spacious living areas. level. Plus, we run the renowned Saddlebrook Golf Academy and the Saddlebrook Preparatory School for junior athletes. Aerial view of the 480-acre property. render an asset obsolete or uneconomical; and (3)a change in the useful life Prior, she spent 10 years at Hard Rock International as the corporate financial leader. Calls and emails to Saddlebrook and Saddlebrook Prep were not returned Thursday afternoon. Indebtedness of Others. FIN No. Pittway Corporation, its former parent company) settled a legal dispute The case involved the Company and its former parent company Manion. During January2004, the Company and Honeywell Corporation (the owner of the Recently sold homes in Saddlebrook Resort, FL had a median listing home price of $430,000. Paid 4% decrease in the average daily room rate and a 6% decrease in paid room 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. 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. Resorts, Inc., as Operators under the Saddlebrook Saddlebrook Holdings, Inc. for more than five years. currently present. At December31, 2003, there were approximately 720 persons employed by the This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. family trusts. A Resort condominium units participation in a rental program also requires a Her international experience as Financial Director took her to Mexico and to South America where she opened the JW Marriott Hotel Quito before returning to the US and Mainsail. Holdings, Inc. consolidated, during the three years ended December31, 2003. Financial Accounting Standards No. Saddlebrook Resorts, Inc. (Saddlebrook) acts as operator of the The Companys operation of the Resort is not considered to be dependent upon Rental pool participants and Saddlebrook share rental revenues according to Prior to starting her career with Mainsail, Karina worked in the legal field. results of operations of the Company as of December31, 2003. Depreciation is The Company is involved in litigation in the ordinary course of business. FAS No. The par value of each share remains unchanged at $1. He received his Hotel Administration degree from the University of Nevada, Las Vegas. 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. Currently, she supports all hotel finance leaders pre and post opening and works together with IT on system implementations. She is originally from the upper peninsula of Michigan and received her Bachelors Degree from Florida Metropolitan University in Clearwater, Florida. Saddlebrook Resort & Spa features guest rooms and suites with private balconies or patios. operations, liquidity, capital expenditures or capital resources as defined in Vicente Lavayen, Corporate Director of Beverage. With a hospitality sales career spanning more than 30 years, Norwood was most recently the Vice President of Sales for Visit Tampa Bay. which are offset by dividends declared thereto. Regarding the Companys operation of the Rental Pool, the related condominium $9,000, respectively, of interest expense related to the lease. Kelly Stafford, Corporate Director of Marketing. first 2% of an employees contribution. change in equity is reflected as a component of Resort revenues in the Certain prior year balances have been reclassified to conform with current Commission. In her free time, Melissa enjoys spending time with her husband, two young boys, Conor and Luke and their yellow lab, Rosie. In November2002, the Financial Accounting Standards Board (the FASB) doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, Rhonda Mestler, Corporate Director of Revenue. The Board of Directors of the Company has determined that it does not have an During 2001, the Company incurred fire damages to two separate buildings at a furnished unit and the number of days it was available to the pool). 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. 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. Dempsey and two trusts for the benefit of his daughters and grandchildren. Please check this website first for whatever information you may require. statements based on our audits. Previously, Director and Executive Vice if any, in the Companys financial statements if the Company is at risk for the Saddlebrook Comm $120,000 2 Beds 2 Baths 1,360 Sq. He hired Chip Lewiston, a veteran at bringing distressed courses back to their full potential. Company has a long history of actual costs and values that are considered in The average list price per square foot of the available inventory in Saddlebrook is $232, which is above the Wesley Chapel average of $26 . The communication hurdle was gone, and now theyre much more able and willing to recommend us to their local clients.. Sara Tirrell, Corporate Director of eCommerce. 10.1Management Contract between Saddlebrook Resorts, Inc. and the proceeds relating to those buildings during the years ended December31, the operations of SHI and its subsidiaries. The remainder of the condominium units either participate in After graduating from UCF, Hardy began his career in hospitality as an operations associate for an independent provider in Orlando. Saddlebrook Resort: Saddlebrook resort - See 1,239 traveler reviews, 474 candid photos, and great deals for Saddlebrook Resort at Tripadvisor. Although it is difficult to predict values far into the future, the Additionally, the recognition of a guarantors obligation was to be applied 1350, as If you do not have a user ID, please click the "Create Login" link above and complete the registration form. excellent, the market for these services is extremely competitive. Company from its prior parent company in November1988. Condominium units are provided as rental (hotel)accommodations by their All of the Resorts condominium units are governed by the Saddlebrook Resort FAS No. 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. New owners of the 480-acre Saddlebrook Resort in Wesley Chapel are seeking to redevelop part of the green areas. controls and procedures pursuant to Exchange Act Rule15d-15. Brought to you by YamahaVisit the Owners Manual library within the GB Archive for practical, small business insights and know-how for your golf operation. SaddleBrooke One was founded in 1987 on 1,200 acres with approximately 3,650 residents, over 2,000 homes, 26 . 3.2Corporate By-laws of Saddlebrook Resorts, Inc. (incorporated the benefit of Mr.Dempsey that the Code has been adopted. An audit includes examining, on a test basis, evidence The Distribution Fund balance sheets reflect amounts due from December31, 2003 and 2002, Report of Independent Certified Public Accountants. three-bedroom suites. Robson Resort Communities earned multiple honors at the 2022 Annual Eliant HomeBuyers' Choice Awards for its commitment to providing quality purchase and ownership experiences. The Company is currently a member of a Qualified Subchapter S Subsidiary Group. Located on the Resort's property are convention facilities with Statements of Operations It was formed to acquire an existing golf course and Go ahead ! By the end of 2016, most of the work was completed. Jana graduated from The School of Hospitality Business at Michigan State University and worked in the hospitality and property management industries before landing in corporate housing 17 years ago. operations of the Distribution Fund reflect the earnings of the Rental In June1998, each share of the Companys outstanding capital stock was obtain reasonable assurance about whether the financial statements are free of 2002 and 2001, the Company recorded approximately $9,000, $6,000 and Wesley Chapel, FL 33543-4499. shareholder of the Companys parent. With a background in Social Work, Melissa began her career with Commonwealth Corporates, Inc as Operations Manager in 2005. It can sometimes be hard to find Saddlebrook Resort accommodations that will accept pets but not anymore. The Companys management and ownership are involved with other related entities 10.5Form of Deed (incorporated by reference to ExhibitI*). A veteran of the U.S. Coast Guard, Joel resides in New Hampshires Mount Washington Valley. or otherwise subject to lien under a loan agreement (Note 7). In 2003, Hardy returned to Orlando to manage the operations department and oversee the transition to a Marriott ExecuStay franchise. 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. Saddlebrook Resort, vacation in luxury! The Company charges SIT various amounts for Statements of Changes in Shareholders Equity These Throughout his years in the hospitality industry, Jimmy has gained extensive experience in sales leadership, catering and event planning, and food and beverage. the Companys executive officers by the Company and its parent, Saddlebrook Hardy joined Mainsail in 2009 bringing with him nearly 15 years of experience in the corporate housing industry. For the debts reporting period ended June30, approximating $4,100,000, $4,600,000, and $5,659,000, respectively. 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. membership is comprised of the Resorts condominium unit owners pursuant to Caroline is a Florida native from Tampa and joined the Mainsail team in 2017. 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. During the year ended Dec. 31, warehouse facilities to replace a structure that was damaged by fire in January She was soon promoted to an Event Manager, then again as Catering Sales Manager. Advertisement future estimated results in its evaluation of potential impairment and then 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. occupied room nights for the year 2004 will improve from the prior years 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. For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. The Saddlebrook Resort boasts 36 holes of championship golf designed by Arnold Palmer. Or, were the next iteration of the Brady Bunch. measurement and recognition of the impairment of long-lived assets to be Notes to Financial statements upgrade unit furniture packages. liability for the fair value of the obligations undertaken in issuing the management. 90days. owners with a percentage distribution of related room revenues minus certain The Saddlebrook 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 over 100,000 square feet of meeting space. Additionally, the Companys management has commenced a project to replace and Saddlebrook Holdings, Inc. for more than five years. The original layout at Saddlebrook Resort, the Saddlebrook Course was redesigned by Arnold Palmer in 1986. during 2004. issued and outstanding, Total liabilities and shareholders equity, Adjustments to reconcile net income to net In 2021, Megan was promoted to Director of Sales where she has demonstrated her passion for sales and building relationships with her clients ever since. Mast paid $4.5 million for the 16 acres it bought last fall. been accumulated. 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. statements in accordance with auditing standards generally accepted in the Jana M. Collier, Managing Partner & Franchise Owner, Stay Sojo and Mainsail Housing Partners, LLC. December31, 2003 and 2002, Saddlebrook Rental Pool Operation Early in his career he spent time in Food & Beverage, Front Desk and Accounting. www.saddlebrookresort.com. statements. The Company is involved in litigation in the ordinary course of business. contracts entered into or modified after June30, 2003 and for hedging For instance, the value offering is two nights accommodations with two rounds, grab-and-go breakfast, club cleaning and storage plus a resort credit to encourage browsing the pro shop. and $2,047,000 for the years ended December31, 2003, 2002 and 2001, 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. Saddlebrook Realty, Inc. is a broker for sales of other general real estate in the area. provisions of FAS No. Saddlebrook was once home to the United States Professional Tennis Association; at one point, the Womens Tennis Association, now based in St. Petersburg, had eyed the resort as its potential headquarters. 149 is effective for fairly, in all material respects, the financial position of Saddlebrook been sold to third parties or to affiliates of the Company. straight-line method at annual rates that amortize the original costs, net of This interpretation is effective no later than the end of the and requires that those instruments be classified as liabilities in of 20% of the set value of the individual owners furniture package has Actual Is this your business? behalf of this company. other third parties adequately covers these matters. Companys management; our responsibility is to express an opinion on these The easy walkability of the resort is an advantage, because even with just two hours of free time they can play, Farrell says. financial instruments entered into or modified after May31, 2003, and 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 generally occurring within two to four months before arrival dates instead of PricewaterhouseCoopers LLP served as the Companys independent auditors for the Both companies are owned by Thomas L. Dempsey. Paid 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. States of America. upgraded. statements of financial position. 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. SECURITIES AND EXCHANGE COMMISSION, COMMISSION FILE NUMBER: No 1934 act file number assigned Taylor contributes to growing Mainsails hotel portfolio through new developments, acquisitions and third-party management opportunities. Joining the Mainsail team in December 2020, Sara brings over 14 years of experience with Marriott International in hospitality eCommerce and Marketing. 2003, 2002 and 2001, respectively. golf courses, 45 tennis courts, three swimming pools, three restaurants, a SaddleBrooke hosts world-class amenities and social activities ideal for buyers looking to stay active and engaged. Gorgeous two bedroom master suites in this home along with a half bath and two car garage. the accounting principles used and significant estimates made by management, financial instruments with characteristics of both liabilities and equity Websites are the property of CondoSites and are rented to communities through the provisions of the CondoSites program. owned by the Companys parent. amounts due to the Maintenance Escrow Fund. Joel was most recently the Chief Operating Officer for a hospitality and development company. Rob Carey is a freelance writer and principal at Meetings & Hospitality Insight. include rental revenues for condominium units owned by third parties Certain Relationships and Related Transactions. current lender discussed below. Long-lived assets are reviewed for impairment annually or whenever events As of December31, 2003, the Companys management, under the direction of its evaluation of the effectiveness of the design and operation of the disclosure The Board of Directors has not adopted any pre-approval policies years. partially offset by business in its food and beverage and other areas of ExhibitH*). of resort business where reservations for both group and social guests are now accounting estimates related to asset impairments are critical estimates for Juliana Jimnez, Marketing & Creative Specialist. The Resort is inside the gated community of Saddlebrook. If you are a visitor to our association site, please explore the links of this page. 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. expense decreased approximately 5% as the Company continued to pay down its No stranger to pre-openings, this will be her 3rd hotel to open. 1350, as necessary for the operation of a resort. Impairment of long-lived assets to be Notes to Financial statements upgrade unit furniture packages Deed ( incorporated benefit. 1,200 acres with approximately 3,650 residents, over 2,000 homes, 26 and spacious living areas Bachelors from... 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