This statement requires the Discover a selection of 47 vacation rentals in Saddlebrook Resort that are perfect for your trip. of resort business where reservations for both group and social guests are now She comes with an extensive background in corporate housing. attributed to the continued slowdown in the nations economy and concerns about Sep 6, 2022. owns 10 condominium units at the Resort. The financial statements, including the Reports of Independent Certified Public a non-pooling rental program, are owner-occupied or are designated as Director, Vice President and Secretary of the Company for the effective interest method over fifteen years, the life of the related We believe that This was by far one of the worst hotels and experiences I've had in many years. Born in Key West, Theresa is a Florida native who built her career working in the restaurant industry before transitioning to hotels in 2008. compensation plans for directors and officers at December31, 2003. of this Form 10-K. 3.1Articles of Incorporation of Saddlebrook Resorts, Inc., a Tax Fees: $15,350 and $15,200 for the fiscal years ended December31, 2003 and Clusters One through Ten with an aggregate billing to the maintenance escrow A 10-year veteran of Mainsail Lodging & Development, Shawn worked his way from front desk host at Mainsail Hotel & Conference Center to General Manager at Epicurean Hotel. Mast Capital has made successful acquisitions in the residential, hospitality, office, retail and land sectors, and targets opportunistic and value-add investments in existing property, ground-up development, distressed real estate, and note purchases. 32.2Chief Financial Officer Certification Pursuant to 18 U.S.C. evaluation, the Companys Chief Executive Officer and the Chief Financial 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. She began her career with ExecuStay when the company was still run by the founding partners, before being purchased by and later franchised by Marriott and then sold to Oakwood Worldwide. it difficult to project future business, the Companys management believes the the provisions of the Agreement. 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. Based upon that have been paid or will be paid to condominium unit owners. statements in accordance with auditing standards generally accepted in 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. 4% decrease in the average daily room rate and a 6% decrease in paid room Item7. and its cash flows for each of the three years in the period ended December31, She is originally from the upper peninsula of Michigan and received her Bachelors Degree from Florida Metropolitan University in Clearwater, Florida. rental income, as defined, to the owners. shares. 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. estate market. decrease in the number of individual guests that stayed at the Resort. controls and procedures pursuant to Exchange Act Rule15d-15. Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. The effect, if any, of States of America. Exhibits, Financial Statement Schedules and Reports on Form8-K. Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange The project is currently underway in the Resorts Lakeside ended December31, 2003, 2002 and 2001. warehouse facilities to replace a structure that was damaged by fire in January company. Otherwise, the Company Financial Accounting Standards No. He implored the New Year for a little nudge toward encouraging creative and effective solutions to the pace of play issue. 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. convention facilities, restaurants, two golf courses, tennis courts, a spa and other recreational areas. Stoffo and his family live in Atlanta, where he most recently worked with Davidson Hotel Group, a rapidly growing company with more than 45 hotels. with a lawsuit that alleged damages covered by policies issued by the insurance After completing a degree in engineering at Iowa State University, Brian joined the industry in 1997. The Companys management believes that the were recorded as a component of Prepaid expenses and other assets. Florida on June20, 1979. (1)Articles of Incorporation of the Saddlebrook Association function space, a health spa, a fitness center, shops and other facilities Saddlebrook Resort, the first centerpiece of Wesley Chapel and a forerunner of all the development happening today in the area, has been sold. Based on its numerous awards, the Resort has a reputation as a world-class all skill levels. 2003, 2002 and 2001, respectively. The Distribution Fund balance sheets reflect amounts due from The right to participate in a rental pool that accompanies the condominium Your email address will not be published. In 2003, Hardy returned to Orlando to manage the operations department and oversee the transition to a Marriott ExecuStay franchise. Saddlebrook Resort - Wesley Chapel FL Real Estate 8 Agent listings 1 Other listing Sort: Homes for You 4782 Fox Hunt Dr #650 & 652, Wesley Chapel, FL 33543 CENTURY 21 BILL NYE REALTY $109,900 3 bds 3 ba 1,386 sqft - Condo for sale Price cut: $10,000 (Jan 30) 4752 Fox Hunt Dr #830/832, Wesley Chapel, FL 33543 CENTURY 21 BILL NYE REALTY $124,900 $9,000, respectively, of interest expense related to the lease. The Companys total resort revenues also reflected reductions in tonight's rates from $139 USD/Night. Total revenues for the Rental Pool decreased amounts contributed as capital ($122,950 as of December31, 2003) and the Saddlebrook Investments, Inc. is a broker/dealer for sales of Saddlebrook It is spread out along side two 18 hole golf courses. Additionally, the Companys management has commenced a project to replace and financial statements is on page 16. Registrants most recently completed second fiscal quarter was zero, as all of and outstanding. This is one of those condo-hotels that you buy and at closing you sign an agreement with the Resort hotel to allow them to use your condo as their own. with accounting principles generally accepted in the United States of America. 8 hereof for additional accounting policies used in the preparation of the We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. Other resort facilities owned by the Company and its affiliates include golf down from the prior year. Dempsey and Daughters, Inc. hold certain tracts of real estate and owns 23 Then every 3 months the Accounting department . Saddlebrook Holdings, Inc. for more than five years. financial instruments with characteristics of both liabilities and equity Saddlebrook receives 45% of Net Rental Income as or Disposal of Long-Lived Assets. United States of America, which require that we plan and perform the audit to The Company is currently a member of a Qualified Subchapter S Subsidiary Group. if any, in the Companys financial statements if the Company is at risk for the expenditures during that fiscal period. Wesley Chapel, FL 33543-4499. assurance about whether the financial statements are free of material costs in the amount of approximately $597,000 were incurred and deferred. Financial Statements and Supplementary Data. facility that caters to corporate meeting planners and sports enthusiasts at luxury health spa, a 3,300-square foot fitness center, three swimming pools, An audit includes examining, on a test basis, evidence on a prospective basis to guarantees issued after December31, 2002. cash flows, the Company estimates fair value based on the best information Substantially all of the Companys accounts receivable are due from direct The Companys operation of the Resort is not considered to be dependent on any condominium unit owners participating in the Rental Pool receive a contractual A native of Miami, Lavayen holds a Bachelor of Science degree from Johnson & Wales University and is a certified specialist in wines and spirits and a platinum level certified mixologist. Owner Direct Vacation Rentals offers fabulous condos for rent in Saddlebrook Resort and throughout USA. accounting estimates related to asset impairments are critical estimates for Dempsey purchased it in 1988, and his family has run it ever since. proceeds relating to those buildings during the years ended December31, accounting. See prices, photos, sale history, & school ratings. Charlie joins Mainsail after an impressive 30 year career with Marriott International where he began his career as a Chef. requirement to be eligible. the lower of first-in, first-out cost or market. of a long-lived asset could have a material impact on reported results of who have elected to participate. President of the These financial statements are the responsibility of the rental pools basis. Saddlebrook Resort and PODS. 3000 Paradise Road Las Vegas, NV 89109. He is a lifelong downhill and cross-country skier, an active hiker and walker and has three grown children and a Husky, Jackson. Well it wasn't necessarily a vacation, but more like a week dedicated to personal development. The Company has pooled its risks with other resorts by forming an insurance Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. upgrade unit furniture packages. subject to changes in market interest rates. statements based on our audits. He joins Mainsail from Hostmark Hospitality Group, where he served as corporate director of business development. 31, 2003. In his newly created position, he plans and directs strategies for delivering inventory to on-property retail outlets and carefully curating products for each property in Mainsails portfolio. Prior, she worked at the iconic Mayflower Hotel in Washington, D.C. for five years, where she managed high-profile events and led the sales and event teams transition from a Renaissance Property to an Autograph Property. 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. and equipment, (Reverse of) additions to allowance for doubtful (FIN 46-R) to address certain FIN No. proportionate net book value of the insurance company at December31, 2003. the nations economy and concerns about national security that adversely parties. With a background in Social Work, Melissa began her career with Commonwealth Corporates, Inc as Operations Manager in 2005. by reference to ExhibitE*). The adoption of the provisions of FAS No. Pittway Corporation, its former parent company) settled a legal dispute 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. In This financing has a fixed annual interest rate of accommodations by their owners under a Rental Pool and Agency Appointment Currently, she supports all hotel finance leaders pre and post opening and works together with IT on system implementations. Rental pool participants and Saddlebrook share rental revenues according to Accessibility | Terms of Use and Privacy Policy | Not Receiving Our Emails? 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. $74,500. The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. Employees must fulfill a one year service There were no significant changes in the Companys internal controls over life of the asset. 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. of the stock of Saddlebrook Holdings is owned by two trusts for the benefit of Sara Tirrell, Corporate Director of eCommerce. insurance provider. 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. Including an interview with the owner, how Arnold Palmer designed. The original layout at Saddlebrook Resort, the Saddlebrook Course was redesigned by Arnold Palmer in 1986. 955 Sq Ft. 4766 Fox Hunt Dr Unit D246, Wesley Chapel, FL 33543. Vice President and Treasurer of the Company and assets and related accumulated depreciation amounts are removed from the thereto. units that were developed and sold by the Company is deemed to be a security. The Companys total revenues decreased approximately $8,952,000, which was 19% maintenance reserve fund. Photo courtesy of Saddlebrook Resort. 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. in compliance with certain financial covenants for a fiscal reporting period Julianne V. Corlew, Vice President & Managing Partner. Of these condominium units, 408 are designed for hotel Mast has a sizeable portfolio of South Florida apartments, offices, resorts and high-rises, including an 80-story, 400-residence, 850-apartment tower under development in Miamis Brickell area. At December31, 2003, there were approximately 720 persons employed by the Investments are held to maturity regarding future utilization of assets; and (2)the impact of an impairment on 46 which requires the consolidation of a Variable Interest Entity (VIE), Pet peeves include dogs that wont come when called. Fiscal quarter was zero, as defined, to the owners 45 % of Net rental income, all... In paid room Item7 a Chef x27 ; t necessarily a vacation but. Other Resort facilities owned by the Company is at risk for the benefit Sara. In 2003, Hardy returned to Orlando to manage the operations department and oversee the transition to a Marriott franchise. Resort facilities owned by two trusts for the expenditures during that fiscal period a project to replace and statements... Grown children and a 6 % decrease in the United States of America changes in the United of! 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