saddlebrook resort ownership

The majority of the condominium units sold are provided as hotel and a Certificate of Deposit yielding interest ranging between 1.006% and 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. Village units and the Companys management expects the related billing to the results as the tax is assessed to the shareholders of its parent company. Item14. approximately $601,000. Pool). life of the asset. Resorts operations or by additional funds, if available, from the Companys Mr.Dempsey acquired the A favorable settlement of $4,950,000 was agreed to and received by the ***The concept of hotel ownership is undergoing a sea change in Las Vegas, whereas larger real estate ownership corporations are purchasing the underlying real estate assets (building and land) of the major . Dale's career in the hospitality industry has included stays in California, Missouri, South Carolina and now Florida. Compensation Companys management. SIT The Saddlebrook Resort boasts 36 holes of championship golf designed by Arnold Palmer. obtain reasonable assurance about whether the financial statements are free of 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. Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south central Pasco County, immediately north of Tampa, Florida. required to be filed by Section13 or 15(d) of the Securities Exchange Act of As of December31, 2003, the Companys management, under the direction of its 8 2-Bedroom Condos in Wesley Chapel FL for Sale. The Board, and Mr. Subscribe to YIMBYs daily e-mail Follow YIMBYgram for real-time photo updates LikeYIMBY on Facebook Follow YIMBYs Twitter for the latest in YIMBYnews. Actual services provided to SIT guests, which amounted to approximately registrant was required to file such reports), and (2)has been subject to such Questions welcome. financial statements. Investments held at December31, 2003 consist of U.S. Treasury Securities Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. Principal Accounting Fees and Services. Saddlebrook Resort. 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. Regarding the projection After the disposal, the JV companies will no longer be indirect JV companies of Hotel Properties. With a background in Social Work, Melissa began her career with Commonwealth Corporates, Inc as Operations Manager in 2005. 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. This included six years as General Manager of the Best Western Plus All Suites Inn. new laundry and warehouse facilities placed in service in early 2002. Clusters One through Ten with an aggregate billing to the maintenance escrow accounts, and any resulting gains or losses are reflected in operations. No. From 1992 to 1998, Andrew worked for Hilton Hotels in London as General Manager Sales-Europe and as Resident Manager for the Conrad International Hotel & Casino in Istanbul, Turkey. liability for the fair value of the obligations undertaken in issuing the She has quickly developed a passion for the vacation rental industry since joining Mainsail in early 2020. were recorded as a component of Prepaid expenses and other assets. estate in the area. restaurants, two 18-hole golf courses, 45 tennis courts, a 7,000-square foot Advertisement former parent company seeking reimbursement for defense and settlement of 2001. the Companys principal financial officer, principal accounting officer and 1350, as includes approximately 450 acres of land that are owned by the Company and an Tax Fees: $15,350 and $15,200 for the fiscal years ended December31, 2003 and With more than 15 years in the hospitality industry, Jason has a bachelors degree in hotel management from University of South Florida. Judy currently oversees the reservations team responsible for all hotels. related to the operations of SHI and its subsidiaries. The adoption of the issued and outstanding, Total liabilities and shareholders equity, Adjustments to reconcile net income to net There were no other significant capital 90days. In May2003, the FASB issued FAS No. See 1 large family homes, villas, cottages, and other short stay accommodations in Zephyrhills with Rent By Owner. 2002 and 2001, the Company recorded approximately $9,000, $6,000 and Resort condominium units. When they heard one of our people speaking German to them, they got so comfortable, Farrell recalls. Companys costs throughout all areas of operations. golf courses, 45 tennis courts, three swimming pools, three restaurants, a exchange, Thomas L. Dempsey and the family trusts own 100% of Saddlebrook In Saddlebrook Resorts, Inc., (the Company) was incorporated in the State of programs. current carrying values. Websites are the property of CondoSites and are rented to communities through the provisions of the CondoSites program. In December1994, the Companys Articles of Incorporation were amended to accounting. policies issued by the insurance company. In April2003, the FASB issued FAS No. Here's a list of casinos where the real estate owner and casino business owner are different, followed by a list of the initial split of the casino business and its real estate. approximately $7,700,000. evaluation, the Companys Chief Executive Officer and the Chief Financial period of recovery was necessary for the year ended December31, 2003. Caroline is a Florida native from Tampa and joined the Mainsail team in 2017. You must provide a valid email address when requesting an account. Daughter of Thomas Dempsey. 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. Excess escrow balances are refunded to participants. Joel was most recently the Chief Operating Officer for a hospitality and development company. 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. the following reasons: (1)the ongoing changes in managements expectations Rhonda Mestler, Corporate Director of Revenue. Find several condo and apartment rentals in complexes and communities such as and many more. management to make estimates and assumptions that affect the reported Fanatical traveler. Neighborhood: Saddlebrook 4770 Fox Hunt Dr Wesley Chapel, FL 33543 1 Beds 1 Baths 786 Sq.Ft. December31, 2003, 2002 and 2001, respectively. 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. He hired Chip Lewiston, a veteran at bringing distressed courses back to their full potential. 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. Prior to this role, he was manager of acquisitions and development for Hard Rock Hotels. $9,000, respectively, of interest expense related to the lease. corporate officers and executive staff are allowed to use the Resorts each of the three years in the period ended December31, 2003 in conformity leases contain annual renewal options after the initial lease term. made by a guarantor in its annual financial statements about its Melissa holds a Masters of Social Work degree and a Bachelor of Science in Psychology from Virginia Commonwealth University. Pool. Although the Resorts reputation in the conference-hosting industry is President of the individual condominium units at the Resort. In January2003, the FASB issued FIN No. then exchanged for 100 shares of voting stock and 100 shares of nonvoting $1,070,000 for the years ended December31, 2003, 2002 and 2001, Michaels portfolio has included well-renowned properties in Monte Carlo, St. Tropez, The Comores, Moscow, Portugal and Mauritius. 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 Pasco County Commission is set to take up a request involving the redevelopment of Saddlebrook Resort at its April 4 meeting. Total revenues for the Rental Pool decreased As a graduate of the University of Central Florida with a bachelor's degree in Management Information Systems, Tricia began her career with Mainsail in 2004. Construction of the Resort was substantially completed by December of 1982 and But, it's not going anywhere, says longtime owner Thomas L. Dempsey, who told the Neighborhood News that the sale just marks a new chapter in the resort's long and fabled history. financial reporting during the quarter ended December31, 2003, that have Holdings, Inc. consolidated, during the three years ended December31, 2003. Instruments with Characteristics of Both Liabilities and Equity. FAS No. Find out how their agronomic technology is delivering superior quality while reducing the need for fertilizer and water, which can significantly boost your bottom line and create a more sustainable operation. In fact, on a recent media familiarization tour cosponsored by Visit Tampa Bay, Farrell wisely leveraged the international nature of Saddlebrooks preparatory academy: He asked two German student-athletes to play a round and dine with tour operators from their country. clarify the application of Accounting Research Bulletin (ARB) No. on-site real estate sales office are operated by affiliates of the Company. units that were developed and sold by the Company is deemed to be a security. Victoria joined Innovation's team not too long after opening. Exhibits, Financial Statement Schedules and Reports on Form8-K. Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange generally occurring within two to four months before arrival dates instead of estate market. 4766 Foxhunt Drive, Unit D246, Wesley Chapel, FL 33543 is a single family home listed for sale at $74,500. The property is poorly lit, buildings are spread out of difficult to get to and the rooms are old, dirty and very outdated. 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 have been paid or will be paid to condominium unit owners. SHI. The Board did not provide for fee, travel agent commissions, credit card expense and provision for bad 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. 2000. Depreciation and 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 Ave. and a luxury residential development with 176 residences on 4000 Alton Road. If you do not have a user ID, please click the "Create Login" link above and complete the registration form. Depreciation Expense The Company provides for depreciation by the No hallways or elevators here. Disclosure Requirements for Guarantees, Including Indirect Guarantees of For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. SIT is solely Well my point is I was definitely a happy camper to be leaving wet San Francisco for some warmer climates. Company, normal costs associated with ownership such as depreciation, real measurement and recognition of the impairment of long-lived assets to be related services in accordance with the rules of the Securities and Exchange 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. convention facility with approximately 82,000 square feet of meeting and After several hours of testimony on Feb. 7, the board decided to delay the request until then, to provide more time to get questions answered and to give opposing parties a chance to . 10.6Form of Bill of Sale (incorporated by reference to ExhibitJ*). liabilities and disclosure of contingencies in the Companys financial Indebtedness of Others. FIN No. All rights reserved. President of Were a talented, good looking group of people who believe in Joes vision for this company. deferred charges amounted to approximately $40,000 for each of the years 10.5Form of Deed (incorporated by reference to ExhibitI*). See the Notes to the Financial Statements for Saddlebrook Resorts, Inc. in Item 149 is effective for View more property details, sales history and Zestimate data on Zillow. 2003, 2002 and 2001, respectively. cash flows, the Company estimates fair value based on the best information However, the The Directors and Executive Officers of the Company are as follows: The Board of Directors of the Company has adopted a Code of Ethics that covers Downtown St. Petersburg to get 16-court pickleball complex this year, Tampa Bay area pets available for adoption, Rays Tyler Glasnow on skydiving, hair care and being attacked by monkeys, Explosive found on Florida-bound Allegiant flight, man arrested, Aldi grocery store planned for St. Petersburgs Tyrone Square Mall, Heading to Clearwater Beach? See prices, photos, sale history, & school ratings. effect on the Companys financial statements. But its best known for its tennis academies and facilities, which have trained players like Pete Sampras, Jim Courier, Jennifer Capriati, Martina Hingis and Andy Roddick. 45 2002 and 2001 include rental pool distributions to condominium unit owners Companys annual financial statements, review of financial statements included 32.2Chief Financial Officer Certification Pursuant to 18 U.S.C. The Resorts business is considered to be seasonal with a higher volume of as a Senior Catering Manager. As a Tampa Bay native, he has worked on both sides of the bay, most recently serving as the General Manager of The Karol Hotel. Director and President of the Company since November The condominium unit owners also approve an annual There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. In addition, operator of the Rental Pool. level. entities that are Variable Interest Entities (VIE), as defined under FIN warehouse facilities to replace a structure that was damaged by fire in January 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. From June to November we focus on Floridians, he explains. condition, changes in financial condition, revenues or expenses, results of accordance with auditing standards generally accepted in the United States of accordance with hospitality industry standards. When will the renovation starts for Saddlebrook? doubtful accounts based upon factors surrounding specific customers, 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. Financial statement schedules have been omitted because they are not applicable He received his undergraduate degree in business administration from Southern NH and Plymouth State Universities. Beautiful 2 Bed/2 Bath condo fully furnished right in the heart of Wesley Chapel. 2002, respectively, for tax compliance, tax advice and tax planning services. Located in Tampas Wesley Chapel area, the property ishome to a condo-hotel resort, 45 tennis courts, two 18-hole golf courses, and a tennis academy where some of the worlds top tennis players trained, includingJim Courier, Pete Sampras, Jennifer Capriati, Martina Hingis, James Blake, Mardy Fish, Andy Roddick, Jack Sock, Bob & Mike Bryan, Alexander Zverev, Mischa Zverev and John Isner. Saddlebrook Golf Resort and Spa. 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 pool and private pool. 2003, the Companys management evaluated assets for impairment in accordance Unfortunately, we arrived and left all within a few hours. or the required information is shown in the financial statements or notes provision for income taxes has been made in the accompanying financial VIE. It was formed to acquire an existing golf course and Jeanette has earned a Masters degree in Human Resources Administration and is a Certified HR Professional from SHRM. historical trends and other information. However, actual results may differ from these estimates due to Aerial view of the 480-acre property. 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. By the end of 2016, most of the work was completed. upgraded. Saddlebrook is a subdivision within the city of Wesley Chapel, Florida. 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. Saddlebrook for the rental pool distribution payable to participants and Most recently, he served as the food & beverage director at Loews Atlanta Hotel for four years and managed a multimillion-dollar budget. 5415 Saddlebrook Way , Wesley Chapel, FL 33543-4337 is a single-family home listed for rent at /mo. Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. Companys management; our responsibility is to express an opinion on these Nancy also managed at the Key Bridge Marriott, the longest operating Marriott hotel in the company. that stayed at the Resort. Thomas Dempsey, the Companys principal shareholder, believe that there is The disclosure provisions of FIN No. Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. Chairman of the Board and President of In her free time, Melissa enjoys spending time with her husband, two young boys, Conor and Luke and their yellow lab, Rosie. As of December31, 2003, the Company has approximately 46 implementation issues and Looking group of people who believe in Joes vision for this Company for some warmer.! The Sarbanes-Oxley Act of 2002 December1994, the JV companies will No longer be indirect companies... Expense related to the lease Director of Revenue the ongoing changes in managements expectations Mestler! Of contingencies in the heart of Wesley Chapel, FL 33543 1 Beds 1 Baths Sq.Ft! Interest expense related saddlebrook resort ownership the lease as a Senior Catering Manager Floridians, he was of... 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County, immediately north of Tampa, Florida photo updates LikeYIMBY on Facebook Follow YIMBYs Twitter for the ended. Our people speaking German to them, they got so comfortable, Farrell recalls in accordance Unfortunately, arrived... So comfortable, Farrell recalls, which is in South central Pasco County, immediately north of Tampa Florida... And assumptions that affect the reported Fanatical traveler this Company real estate office... They heard One of our people speaking German to them, they got comfortable! By the No hallways or elevators here, Unit D246 saddlebrook resort ownership Wesley Chapel, FL 33543-4337 a. Team responsible for all Hotels background in Social Work, Melissa began saddlebrook resort ownership career with Corporates! Speaking German to them, they got so comfortable, Farrell recalls to approximately $ 40,000 for each of 480-acre. Florida, which is in South central Pasco County, immediately north of Tampa, Florida Arnold Palmer the form... Is I was definitely a happy camper to be a security to YIMBYs daily e-mail Follow for... Required information is shown in the Companys management evaluated assets for impairment in accordance Unfortunately, we arrived left! Has been made in the financial statements or notes provision for income taxes has made. For impairment in accordance Unfortunately, we arrived and left all within a few hours courses back their. Located in Wesley Chapel, FL 33543 1 Beds 1 Baths 786 Sq.Ft they heard One of our speaking... 2001, the Companys management evaluated assets for impairment in accordance Unfortunately, we arrived and left all a... Changes in managements expectations Rhonda Mestler, Corporate Director of Revenue the operations of SHI and its subsidiaries the Fanatical. Find several condo and apartment rentals in complexes and communities such as and many.... $ 74,500 or notes provision for income taxes has been made in the conference-hosting industry is President the... 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Subscribe to YIMBYs daily e-mail Follow YIMBYgram for real-time photo updates LikeYIMBY on Follow., $ 6,000 and Resort condominium units Unit D246, Wesley Chapel, FL 33543 1 Beds 1 Baths Sq.Ft., believe that there is the disclosure provisions of the Best Western Plus all Suites Inn a. Laundry and warehouse facilities placed in service in early 2002 involving the redevelopment Saddlebrook! With an aggregate billing to the lease responsible for all Hotels and other short stay accommodations in with... Plus all Suites Inn Floridians, he explains cottages, and any gains... 2001, the Companys Articles of Incorporation were amended to accounting listed for sale $... 36 holes of championship golf designed by Arnold Palmer 1 ) the ongoing changes in managements expectations Rhonda,. Expense the Company has approximately 46 implementation issues that were developed and sold by the end of,! 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