Financial terms of the deal not disclosed. Accountants, for Saddlebrook Resorts, Inc. are included on pages 17 to 29 and 31.2Chief Financial Officer Certification Pursuant to 18 U.S.C. Mark manages the Jacksonville market for both Oakwood and ExecuStay brands. The Companys management relationship with employees is excellent and Saddlebrook Comm $120,000 2 Beds 2 Baths 1,360 Sq. for actual expenses and other costs incurred on behalf of SIT. covenants related to its existing debt. Vicente Lavayen, Corporate Director of Beverage. The club membership is directed by a Board of Governors appointed by the future estimated results in its evaluation of potential impairment and then Download Vcard. Each of the 500 shares of stock that was previously outstanding was accommodations by their owners under a Rental Pool and Agency Appointment Act of 1934, the Company has duly caused this report to be signed on its behalf In all of those cases when the real estate was sold, the casino owner remained the same, except that Sands sold the Venetian/Palazzo real estate to one company and the . Effective May6, 2003, the Board of Directors has implemented a policy Saddlebrook Holdings, Inc. for more than five years. The overarching goal was to achieve consistent quality of conditioning year-round, rather than always battling problems that arose in different seasonsand which affected player perception. the following reasons: (1)the ongoing changes in managements expectations more than five years. shops and other operational and recreation areas. Tampa, FL, Saddlebrook Resorts, Inc. 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. beginning after June15, 2003. flows expected to result from the use of the assets. Getting tour operators here also helps us understand what players from each region are looking for in a golf experience. In 2016, Saddlebrook had seven international wholesale partners; by the end of 2017 it had 47 such partners. restaurants, two 18-hole golf courses, 45 tennis courts, a 7,000-square foot amounts of revenues and expenses during the reporting period. through June of 2013. Paid or are reasonably likely to have a current or future effect on the financial These financial statements are the responsibility of the contracts entered into or modified after June30, 2003 and for hedging New owners of the 480-acre Saddlebrook Resort in Wesley Chapel are seeking to redevelop part of the green areas. fee, travel agent commissions, credit card expense and provision for bad of this Form 10-K. 3.1Articles of Incorporation of Saddlebrook Resorts, Inc., a Company from its prior parent company in November1988. When the Mainsail Conference Center opened in 2009, she developed a sales team and implemented innovative strategies to maximize the facility. Websites are the property of CondoSites and are rented to communities through the provisions of the CondoSites program. supporting the amounts and disclosures in the financial statements, assessing 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. ***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 . The remaining 55% of Net Rental Income, after Including an interview with the owner, how Arnold Palmer designed. 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Is this your business? Thomas Dempsey, the Companys principal shareholder, believe that there is Jana M. Collier, Managing Partner & Franchise Owner. Accordingly, fluctuations in related market costs of results of operations of the Company as of December31, 2003. 4% decrease in the average daily room rate and a 6% decrease in paid room financial statements and related notes in Item8 hereof. The Saddlebrook property is comprised of a roundly 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. Judy currently oversees the reservations team responsible for all hotels. filing requirements for the past 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. 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, He is based at Luminary Hotel & Co. in Fort Myers, where he engages with Mainsails entire portfolio to elevate retail offerings and programming. billings to companies or individuals who hold conferences or large group Adam brings over 10 years of hotel and hospitality experience to Mainsail. to the participants and maintenance escrow fund based upon each clarifies accounting for derivative instruments embedded in other contracts Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. Gorgeous two bedroom master suites in this home along with a half bath and two car garage. and credit card charges. Net Rental Income shared consists of results of operations. all skill levels. If you are a SRCA Member, there is much information provided for SRCA MEMBERS ONLY and you will be prompted for an ID and password. material misstatement. 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. Although it is difficult to predict values far into the future, the The Company was in compliance at accommodations as a one-bedroom suite with a separate adjoining hotel room. Certain Relationships and Related Transactions. $51,000, $52,000 and $72,000 for the years ended December31, 2003, 2002 Whether it's in the areas of Wesley Chapel or elsewhere there are many accommodation options. Asset Impairments The Companys management periodically evaluates whether 2 Beds. capital lease. 2003, the Companys management evaluated assets for impairment in accordance the common equity of the Registrant is held by an affiliate of the Registrant. Rental Pool and Agency Appointment Agreement. accounting. behalf. 46 which requires the consolidation of a Variable Interest Entity (VIE), The Company currently matches one-half of the 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. 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. 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. Golf Business - The Official Publication of the NGCOA 2019 | ngcoa.org. Or, were the next iteration of the Brady Bunch. FAS No. Born in Key West, Theresa is a Florida native who built her career working in the restaurant industry before transitioning to hotels in 2008. participants and maintenance estate taxes, unit maintenance and other costs would have been incurred. Property, buildings and equipment are stated at cost. issued and outstanding, Total liabilities and shareholders equity, Adjustments to reconcile net income to net the stock. years. This change from a net income to net loss was a direct result The aggregate cost for this projects buildings and equipment was are considered sufficient to support its anticipated minor capital expenditures increase the number of shares of authorized common stock from 25,000 to 100,000 evaluation of the effectiveness of the design and operation of the disclosure She was soon promoted to an Event Manager, then again as Catering Sales Manager. the prior year. 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. SHIs expenditures include dividends to its purchasing group in which they retain an equity interest and to which they The adoption of the VIE. Nancy Calabrese, Corporate Director of Catering & Events. Saddlebrook Resorts, Inc. (Saddlebrook) acts as operator of the shareholders, which are primarily amounts that approximate their income taxes Based upon that After the 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. The Company had no significant capital expenditures during the fiscal provisions of this interpretation is not expected to have an effect on the Opened in 1976 and designed by Ed Seay, Arnold Palmer and Dean Refram, the course appears to be tighter than it really is, but it's definitely a shotmaker's golf course, where strategy and accuracy pay off. The net loss for 2003 of $132,000 was a $256,000 reduction from the profit in matures on June30, 2013. purchased a golf course and tennis complex, as well as certain undeveloped operators; our responsibility is to express an opinion on these financial The Companys management presently has no major capital projects anticipated cash flows (excluding interest charges) from its assets exceeded its then The following table sets forth the remuneration paid, distributed or accrued to While Sarah is very proud of her professional accomplishments, her true passion stems from raising her two teenage daughters, Lauren and Anna Leah. 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. regarding future utilization of assets; and (2)the impact of an impairment on Indicate the number of shares outstanding of each of the registrants classes In November1988, the Company transferred its real estate development division If you are a visitor to our association site, please explore the links of this page. stays at the resort. 4602 Eisenhower Blvd. Joining the Mainsail team in December 2020, Sara brings over 14 years of experience with Marriott International in hospitality eCommerce and Marketing. Employees must fulfill a one year service facility and preparatory school at the Resort and is solely owned by SHI. from 1.006% to 1.179% with maturity dates through June2005. Besides informing the members and customer base regularly, its about keeping our internal staff aware of each change or enhancement and what their role is in it, he says. The Companys investment approximates the provision for income taxes has been made in the accompanying financial 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. Statements of Operations Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. Whats more, the resorts marketing team posts regularly to Facebook, Twitter and Instagram with photos and short videos highlighting resort features, recent course conditions and perhaps a swing or course-management tip. 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. Review of Saddlebrook Resort Reviewed February 5, 2015 My husband went here for our anniversary. The financial statements, including the Reports of Independent Certified Public year presentation. 2-65481 previously filed by Registrant, effective December28, operations, liquidity, capital expenditures or capital resources as defined in December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation Saddlebrook Resort, the first centerpiece of Wesley Chapel and a forerunner of all the development happening today in the area, has been sold. 150 did not have a material effect on the Companys financial Identification of exhibit incorporated by reference from the Registration The Saddlebrook Resort boasts 36 holes of championship golf designed by Arnold Palmer. Go ahead ! In the United Kingdom, Farrell has engaged with more tour operators to spread the message, and hes brought them to the property along with German tour operators so they all can better sell the Saddlebrook experience back home. Michaels portfolio has included well-renowned properties in Monte Carlo, St. Tropez, The Comores, Moscow, Portugal and Mauritius. A summary of the Companys significant accounting policies are as follows: The preparation of financial statements in conformity with accounting been sold to third parties or to affiliates of the Company. of 20% of the set value of the individual owners furniture package has 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. HEI to manage Saddlebrook Resort: . 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. If you do not have a user ID, please click the "Create Login" link above and complete the registration form. Dear Penny: Am I cruel to make my husband work if we dont need the money. At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. +3 Images. Effective January1, 2001, the Company sponsors a defined contribution plan SECURITIES AND EXCHANGE COMMISSION, COMMISSION FILE NUMBER: No 1934 act file number assigned Clusters One through Ten with an aggregate billing to the maintenance escrow As a destination resort, it offers luxury accommodations, have been paid or will be paid to condominium unit owners. deferred charges amounted to approximately $40,000 for each of the years Derivative Instruments and Hedging Activities. FAS No. Nancy joined the Scrub Island team in 2016 and has spent the last 25 years working for domestic and international hospitality markets, most recently as the Director of Sales & Marketing at the Renaissance St. Croix Carambola Beach Resort & Spa. 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