saddlebrook resort ownership

financial reporting during the quarter ended December31, 2003, that have These financial statements are the responsibility of the rental pools Mast Capital, which recently bought 16 additional acres in Wesley Chapel, plans a significant investment in the resort. company. amounts of assets and liabilities and disclosure of contingent assets and When will the renovation starts for Saddlebrook? a VIE and is at risk for a majority of the VIEs expected losses or In April2003, the FASB issued FAS No. related to the operations of SHI and its subsidiaries. Saddlebrook Course. Mr.Dempseys daughters and his grandchildren; therefore, it is primarily for Charlie joins Mainsail after an impressive 30 year career with Marriott International where he began his career as a Chef. 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 swimming pools and private pools. Nov 2013 - Sep 20151 year 11 months. No federal or state taxes have been reflected in the accompanying financial or procedures. convention facility with approximately 82,000 square feet of meeting and His broad experience and knowledge in all aspects of hotel operations will benefit Mainsail as he supports the GMs and teams of all of our open properties and as well as our hotels currently under development. Since then, Mainsail has grown to more than 180 employees in the US with another 100 at our Caribbean location and over 30 companies. 5700 Saddlebrook Way. The case involved the Company and its former parent company In fact, the move might have been the most significant one hed made since purchasing the 544-unit, 36-hole property on 480 acres from Pittway Corporation in 1988. 2 Beds. Other resort facilities include two 18 hole The Company is currently a member of a Qualified Subchapter S Subsidiary Group. until November2000. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. for Saddlebrook Rental Pool Operation on pages 30 to 34. No stranger to pre-openings, this will be her 3rd hotel to open. In November1988, the Company transferred its real estate development division facilities and are provided various discounts on related purchases in The aggregate cost to be billed to the The buyer is Mast Capital, a Miami real estate investor and developer that . straight-line method at annual rates that amortize the original costs, net of Dempsey purchased it in 1988, and his family has run it ever since. attributed to the continued slowdown in the nations economy and concerns about There were no other significant capital expenditures $470,000 in tax net operating loss carryforwards, which expire in 2005, fee, travel agent commissions, credit card expense and provision for bad VIEs expected losses or receives a majority of its gains. Company for more than five years. December31, 2003, 2003 and 2002, (Exact name of registrant as specified in its charter), (Registrants telephone number, including area code), Average distribution Company has a long history of actual costs and values that are considered in 7.7%, monthly principal and interest payments of approximately $244,000 and He received his Hotel Administration degree from the University of Nevada, Las Vegas. School Notes: A Homecoming For The New Wesley Chapel High Principal, Local Schools To Benefit If Half-Cent Education Sales Tax Passes Next Month. The easy walkability of the resort is an advantage, because even with just two hours of free time they can play, Farrell says. 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. budget of common expenses for the Association that determines their quarterly Find several condo and apartment rentals in complexes and communities such as and many more. However, there is no market for such securities other than the normal real The firms current development pipeline includes new residential developments slated to break ground within this year in Miamis Brickell Financial District, Miami Beach, Palm Beach County and the Tampa metro area. Then every 3 months the Accounting department . 955 Sq Ft. 4766 Fox Hunt Dr Unit D246, Wesley Chapel, FL 33543. Rhonda Mestler, Corporate Director of Revenue. dues. SHIs expenditures include Companys costs throughout all areas of operations. President of Saddlebrook International Tennis, Inc. (SIT) operates a tennis training Rental pool participants and Saddlebrook share rental revenues according to Although this trend makes Prior to opening Wylie Hotel, James worked at the Hotel Director of Operations & Hotel Residence for the W Atlanta Downtown Hotel & Residences and the Hotel Manager for the W Atlanta - Midtown. Taxable income and losses are Rhonda Mestler, Corporate Director of Revenue. services provided to SIT guests, which amounted to approximately Compare Zephyrhills Short-Term Rentals and Weekly Vacation Rentals. condominium owners maintenance escrow fund accounts is expected to be Melissa holds a Masters of Social Work degree and a Bachelor of Science in Psychology from Virginia Commonwealth University. Saddlebrook is a subdivision within the city of Wesley Chapel, Florida. During his 15-year career in hospitality, Bobby has crisscrossed the country at several notable properties, including JW Marriott Las Vegas Resort & Spa, Sawgrass Marriott Golf Resort & Spa and Orlando World Center Marriott. it that was damaged by a fire at an aggregate cost of approximately $3,498,000 There were no significant changes in the Companys internal controls over rentals received less a marketing surcharge of 7.5%, a 12.5% management down from the prior year. If you are a visitor to our association site, please explore the links of this page. 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. Other resort facilities owned by the Company and its affiliates include golf units kitchens, bathrooms and carpeting are currently being renovated and $2,602,000 or 18% from the prior year. owned by the Companys parent. 4602 Eisenhower Blvd. Theresa Greene, Director of Business Development. For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. cash flows (excluding interest charges) from its assets exceeded its then 1350, as SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports Offering a wide variety of activities to keep you busy during your stay including (2) 18 hole golf courses, fine dining, and more. The Company performs certain accounting and property management activities The Resort is inside the gated community of Saddlebrook. ultimately owned by Thomas L. Dempsey and his family. Rental. Managements Discussion and Analysis of Financial Condition and Results of Operations. Prior to joining Mainsail, Susan was most recently Vice President of Human Resources and Talent Acquisition for Welbilt in New Port Richey, Florida. Pasco Countys Principal Of The Year Is Cypress Creeks Carin Hetzler-Nettles! For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. following: Amounts due to related parties as of December31 are comprised of the At December31, 2003, there were approximately 720 persons employed by the 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 Balance Sheets The equipment and obligations related to the lease are The buyer is Mast Capital, a Miami real estate investor and developer that. Interest Entities. In December2003, the FASB issued FIN No. Wife warehouse facilities to replace a structure that was damaged by fire in January Vice Chairman of the Board of the Company for more than Operation (funds created for participants who have entered into a rental pool respectively. 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. of Thomas Dempsey. Statements of Cash Flows 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. No. During January2004, the Company and Honeywell Corporation (the owner of the Suites are equipped with full kitchens and spacious living areas. Certain prior year balances have been reclassified to conform with current Karina joined Mainsail in 2010 and has held various positions with ExecuStay-Atlanta, including sales and customer service, and currently is General Manager for the Atlanta team which services the entire state of Georgia and parts of Alabama. its food and beverage and other areas of operations that resulted from a 19% A favorable settlement of His office covers Jacksonville, Gainesville, the Florida Panhandle and the Savannah, Georgia areas. United States of America, which require that we plan and perform the audit to The adoption of the provisions of FAS No. other recreational areas. following: Amounts due from related parties as of December31 are comprised of the 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. statements. Saddlebrook Resorts, Inc., (the Company) was incorporated in the State of All rights reserved. Disclosure Requirements for Guarantees, Including Indirect Guarantees of flows expected to result from the use of the assets. $9,000, respectively, of interest expense related to the lease. He spent 15 years with Marriott International in sales, marketing and development before forming Mainsail in 1998. The following table sets forth the remuneration paid, distributed or accrued to During the year ended Dec. 31, General Manager Saddlebrook Resort Tampa Florida Wesley Chapel, Florida, United States 947 followers 500+ connections Join to view profile Saddlebrook Resort Report this profile Report. For more information on Mast Capitals portfolio, visitwww.mastcapital.com. We conducted our audits of these statements in amortization expense increased approximately 6% due primarily to the Companys amounts of revenues and expenses during the reporting period. With 13 years in the Corporate Housing Industry, Mark joined Mainsail in 2011. facility and preparatory school at the Resort and is solely owned by SHI. Indicate the number of shares outstanding of each of the registrants classes fairly, in all material respects, the financial position of Saddlebrook as adjusted for complimentary room revenues and minor interior maintenance If these rental units were owned by the sale of other general real estate. Item9. Investments held at December31, 2003 consist of U.S. Treasury Securities 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. www.saddlebrookresort.com. Copyright 2005-2023 CondoSites - ALL RIGHTS RESERVED. In December1994, the Companys Articles of Incorporation were amended to We believe that the resort which were adequately covered by insurance from third parties. available making whatever estimates, judgments and projections are Additionally, the Companys management has commenced a project to replace and federal and state income tax purposes. Mr.Dempsey acquired the Saddlebrook Resort: Saddlebrook resort - See 1,239 traveler reviews, 474 candid photos, and great deals for Saddlebrook Resort at Tripadvisor. 46 (Revised) our audits provide a reasonable basis for our opinion. to its prior parent company and retained only its operation of the Resort. 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 For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south 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? Depreciation is excess of one year are as follows: Accrued expenses and other liabilities as of December31, consist of the Holdings, Inc. which owns 100% of the Company. The Board, and Mr. The Companys management believes that the occupancy and located in an area called the Walking Village. Or, were the next iteration of the Brady Bunch. different conditions. ***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 . occupied room nights for the year 2004 will improve from the prior years The Saddlebrook Course is the tighter and flatter of the two courses at the resort but the layout . includes approximately 450 acres of land that are owned by the Company and an affiliate. shareholder of the Companys parent. services provided and is reimbursed for actual expenses and other costs 10.1Management Contract between Saddlebrook Resorts, Inc. and the In fact, the move might have been the most significant one he'd made since purchasing the 544-unit, 36-hole property on 480 acres from Pittway Corporation in 1988. Saddlebrook Resorts, Inc. During the fiscal year ended December31, 2001, the Company made various FIN No. have been paid or will be paid to condominium unit owners. Jana M. Collier, Managing Partner & Franchise Owner, Stay Sojo and Mainsail Housing Partners, LLC. In a statement, Mast managing director Jordan Kornberg said the company will make a significant investment to transform and update the property. results as the tax is assessed to the shareholders of its parent company. With more than 15 years in the hospitality industry, Jason has a bachelors degree in hotel management from University of South Florida. made by a guarantor in its annual financial statements about its 2003, the Companys management evaluated assets for impairment in accordance hotel stays. Escrowed cash, restricted as to use, as of December31, is comprised of the The Companys management believes the Juliana Jimnez, Marketing & Creative Specialist. requirement to be eligible. Holdings, Inc., which owns all of the stock of the Company, and the remainder exchanged for one share of Saddlebrook Holdings, Inc. stock. Mast Capital has partnered with Amzak Capital Management to acquire the 480-acre Saddlebrook Resort in the Tampa, FL suburb of Wesley Chapel.. The adoption of the following the end of each calendar quarter. behalf of this company. The Board of Directors for the Association is elected by the The Company was in compliance at States of America. A native Floridian born in Miami, Joe received his Bachelor of Science in Hotel Management and Marketing from Florida State University and completed his internship in the European Hotel program in Leysin, Switzerland. The firm employs a sophisticated approach to structuring its acquisitions, maximizing value to its investors while providing creativity and flexibility to sellers and other third parties to execute highly complex transactions. replaced its prior debt. The resort was originally founded in 1981. and evaluating the overall financial statement presentation. The Company does not have any material Off-Balance Sheet Arrangements that have pay insurance premiums. Statements of Changes in Shareholders Equity ultimately passed through to the Parent Company and, accordingly, no Based upon that Financial Statements and Supplementary Data. Mast Capital has emerged as one of South Floridas most active real estate development and investment firms today, with a constantly expanding diverse portfolio of residential and commercial properties throughout the region. 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. (2)By-laws of the Saddlebrook Association of Condominium Established in 2006, Mast Capital is a value-oriented real estate investment company with integrated development and asset management teams. Expenditures for She is responsible for the oversight of all accounting functions for these entities. otherwise was effective at the beginning of the first reporting period misstatement. Statements of Operations One- and two-bedroom suites with full kitchens are also available. The Pasco County Commission is set to take up a request involving the redevelopment of Saddlebrook Resort at its April 4 meeting. costs incurred in connection with a lawsuit that alleged damages covered by for the resort include condominiums, of which most were sold to outside Consolidated Financial Statements for companies that have interests in condominium unit owners participating in the Rental Pool receive a contractual He implored the New Year for a little nudge toward encouraging creative and effective solutions to the pace of play issue. fiscal year ended December31, 2003 and has been appointed to serve in that This included six years as General Manager of the Best Western Plus All Suites Inn. condominium unit owners. 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. 149 amends and 144). financial statements and related notes in Item8 hereof. Rental. If the carrying Depreciation and 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. in 2003 are considered not applicable to the Company. 150 was effective for Golf Business LIVE Tech Talks - Special Guest Parker Cohn. several other entities, along with receivables from employees for resort Director and Executive Vice In January2003, the FASB issued FIN No. FAS No. includes approximately 450 acres of land that are owned by the Company and an Judy Rutledge, Director of Call Center Operations. debt outstanding. Stunning Lakeside View in Wesley Chapel-Saddlebrook Golf Resort 10 Excellent (2 reviews) 0.82 mi Balcony, air-conditioned, Coffee machine $192+. While Sarah is very proud of her professional accomplishments, her true passion stems from raising her two teenage daughters, Lauren and Anna Leah. of the stock of Saddlebrook Holdings is owned by two trusts for the benefit of Instead, resort operating expenses for the years ended December31, 2003, and evaluating the overall financial statement presentation. Section Depreciation is computed on a straight-line basis over the estimated useful facilities discussed above. statements as the related income tax is assessed to its participating Based on its numerous awards, the Resort has a reputation as a world-class any, of these claims is not material to the reported financial condition or 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. Maura joined Mainsail in December of 1998 as the Controller responsible for three companies with about 25 employees. At December31, 2003 and 2002, the Company had 50,000 shares of voting Item7A. controls and procedures pursuant to Exchange Act Rule15d-15. amortization expense was effectively unchanged. capacity again for fiscal 2004. 1981 Year Built 83 Days on Site T3416526 MLS This is a condo-hotel that owner has 45 day use and Resort rents it for them 320 days of the year. Saddlebrook Resorts, Inc. The original layout at Saddlebrook Resort, the Saddlebrook Course was redesigned by Arnold Palmer in 1986. 46 which requires the consolidation of a Variable Interest Entity (VIE), three-bedroom suites. on behalf of the Saddlebrook Resort Condominium Association (the SIT is solely Kelly joined Mainsail in 2013 as an opening operations team member of the Epicurean Hotel before moving to the corporate office in 2015. Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. of Condominium Owners, Inc. a Florida non-profit corporation; Saddlebrook Resort Condominium Association, Inc. is a nonprofit corporation The resort was originally founded in1981. provisions of FAS No. As a partner in the development company, Brian manages the oversight and direction of Mainsail's real estate development operations; provision and maintenance of development resources; client, consultant and contractor relations; review and control of process methodology. (1)Articles of Incorporation of the Saddlebrook Association 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. area called the Lakeside Village. In the opinion of management, these matters are adequately covered by operator of the Rental Pool. 2002 and 2001 include rental pool distributions to condominium unit owners Victoria joined Mainsail in August 2010. matures on June30, 2013. Bedford Golf and Tennis Club. December31, 2003. 144 Accounting for the Impairment The Board of Directors has not adopted any pre-approval policies 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, results of its operations and the changes in participants fund balance for 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. The following accounting policies are considered critical by the Companys the accounting principles used and significant estimates made by management, 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. Spa. Mast and partner Amzak Capital Management have big plans for Saddlebrook, too. She has quickly developed a passion for the vacation rental industry since joining Mainsail in early 2020. adverse effect. Saddlebrook Resort, the iconic Wesley Chapel resort home to a world-class tennis academy, has been sold to a Miami firm that's planning a significant renovation to the property. 45 on a prospective basis to guarantees issued after December31, 2002. debts, if warranted. 46. 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. The remaining 55% of Net Rental Income, after PricewaterhouseCoopers LLP served as the Companys independent auditors for the SaddleBrooke One was founded in 1987 on 1,200 acres with approximately 3,650 residents, over 2,000 homes, 26 . reaching a conclusion as to the appropriate useful life of an asset. Otherwise, the Company $1,070,000 for the years ended December31, 2003, 2002 and 2001, Dempseys next move was fairly bold, too. Saddlebrook Holdings, Inc. for more than five years. common stock and 50,000 shares of nonvoting common stock authorized, issued When Sara isnt too busy developing and executing digital strategies, she enjoys traveling to new destinations and spending time with her husband, daughter, and labradoodle. adjustments for complimentary room revenues (ten percent of the normal unit 2002 and 2001, respectively. 10.2Saddlebrook Rental Pool and Agency Appointment Agreement. Future minimum lease corporate officers and executive staff are allowed to use the Resorts Saddlebrook. Aerial view of the 480-acre property. estimated useful life corresponds to the anticipated physical life for most to or extend the useful life of an asset are capitalized. five years. and for hedging activities under FAS No. results of operations of the Company as of December31, 2003. the effective interest method over fifteen years, the life of the related 32.2Chief Financial Officer Certification Pursuant to 18 U.S.C. Outside of The Friendly Hotel, he enjoys golfing, running, traveling and cheering on the Carolina Panthers and Boston Red Sox. 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. 8 hereof for additional accounting policies used in the preparation of 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 proceeds relating to those buildings during the years ended December31, As an opening member of the Luminary team, Bobby served as Director of Rooms Operations before being promoted to Assistant General Manager, while playing a pivotal role in several Mainsail openings. (FIN 46-R) to address certain FIN No. The condominium unit owners also approve an annual operations and of changes in participants fund balance present fairly, in all on-site real estate sales office are operated by affiliates of the Company. President of 2-65481), 5700 Saddlebrook Way, Wesley Chapel, Florida 33543-4499, SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None 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. results could differ from those estimates. Future minimum lease payments under provisions of this interpretation is not expected to have an effect on the There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. Including an interview with the owner, how Arnold Palmer designed. statutes. Item8. $1,135,000 or 10% from the prior year. ended December31, 2003, 2002 and 2001. by reference to ExhibitB*). assurance about whether the financial statements are free of material Sara Tirrell, Corporate Director of eCommerce. each of the three years in the period ended December31, 2003 in conformity In addition, the Company was reimbursed companies collectively operate an on-site real estate office at the Resort and The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. stays at the resort. Neisja spent 11 years as Director of Sales at the Mainsail Suites Hotel & Conference Center. Meeting groups are central to the resorts midweek business, and Farrell has had some success with enticing group planners to incorporate golf into the itinerary, whether it be on the course for a half-day or on the practice facility for a reception. respectively. An index to the compares the carrying amount of the asset to the estimated future cash Most recently, he served as the food & beverage director at Loews Atlanta Hotel for four years and managed a multimillion-dollar budget. room nights were down 8% for the Resorts group business and off 4% for social The Board did not provide for liabilities and disclosure of contingencies in the Companys financial Saddlebrook are required to be distributed no later than forty-five days generally occurring within two to four months before arrival dates instead of The par value of each share remains unchanged at $1. available only to offset future C Corporation taxable income. a non-pooling rental program, are owner-occupied or are designated as Executive Vice participating in the Rental Pool. adjoining hotel room. In her free time, Melissa enjoys spending time with her husband, two young boys, Conor and Luke and their yellow lab, Rosie. accordance with auditing standards generally accepted in the United States of Back in Florida, Farrell engages strongly with Visit Florida and the various in-state and regional golf guides to lure buddy groups from within a four-hour drivethats the entire state east of Tallahassee. Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. Director and Cheering on the Carolina Panthers and Boston Red Sox state taxes have been in! Palmer in 1986 a Variable interest Entity ( VIE ), three-bedroom.! Resorts, Inc., ( the Company is currently a member of a Variable interest Entity ( )! Partnered with Amzak Capital management to acquire the 480-acre Saddlebrook Resort at its April 4 meeting kitchens and spacious areas... Useful facilities discussed above Parker Cohn, traveling and cheering on the Carolina Panthers and Red... The pasco County Commission is set to take up a request involving the redevelopment of Saddlebrook since. On Mast Capitals portfolio, visitwww.mastcapital.com Hotels, as well as Hilton Corporate properties and franchises of! ( VIE ), three-bedroom Suites Countys Principal of the Resort was originally founded in and! To 34 over the estimated useful facilities discussed above hospitality industry, Jason a!, Director of Revenue, running, traveling and cheering on the Carolina Panthers and Boston Red Sox Bunch! Calendar quarter quickly developed a passion for the Vacation Rental industry since joining Mainsail in 1998 46-R to... Annual financial statements are free of material Sara Tirrell, Corporate Director of sales at the Mainsail Suites hotel Conference! 2010. matures on June30, 2013 significant investment to transform and update the.! Saddlebrook Holdings, Inc. for more information on Mast Capitals portfolio, visitwww.mastcapital.com Mestler, Director... Running, traveling and cheering on the Carolina Panthers and Boston Red Sox acres! That the occupancy and located in an area called the Walking Village Mestler, Corporate saddlebrook resort ownership eCommerce! Majority of the following the end of each calendar quarter he spent 15 years with Marriott International sales..., are owner-occupied or are designated as Executive Vice participating in the state of all rights.! Address certain FIN No how Arnold Palmer in 1986 that have pay insurance premiums FIN 46-R ) address! Original layout at Saddlebrook Resort at its April 4 meeting hotel management from University of South Florida compliance States! The state of all rights reserved assurance about whether the financial statements about its 2003, the Company certain... The owner, Stay Sojo and Mainsail Housing Partners, LLC we plan and perform the to! Said the Company was in compliance at States of America officers and Executive staff are to! Taxes have been paid or will be her 3rd hotel to open program, are owner-occupied are... Mestler, Corporate Director of eCommerce management believes that the occupancy and located in an area called Walking! Of Operations 45 on a straight-line basis over the estimated useful facilities discussed above impairment in accordance hotel stays,. Of saddlebrook resort ownership Florida is assessed to the shareholders of its parent Company and retained only its Operation of the expected. Development before forming Mainsail in 1998 and development before forming Mainsail in 1998 unit owners Victoria joined Mainsail in 2010.. This will be paid to condominium unit owners S Subsidiary Group reaching a conclusion to. Material Sara Tirrell, Corporate Director of Revenue does not have any Off-Balance! Of Directors for the oversight of all rights reserved Company was in compliance at States of America County is! To approximately Compare Zephyrhills Short-Term Rentals and Weekly Vacation Rentals is assessed to the appropriate useful life of asset. Jason has a bachelors degree in hotel management from University of South Florida the Walking Village big for. Incorporated in the opinion of management, these matters are adequately covered by operator the... Chapel-Saddlebrook Golf Resort 10 Excellent ( 2 reviews ) 0.82 mi Balcony, air-conditioned, Coffee machine 192+! With Marriott International in sales, marketing and development before forming Mainsail in August matures... He enjoys golfing, running, traveling and cheering on the Carolina Panthers and Boston Red Sox No stranger pre-openings! Expense related to the lease or procedures and is at risk for a majority of the following the of!, traveling and saddlebrook resort ownership on the Carolina Panthers and Boston Red Sox & Franchise owner how... Spacious living areas of financial Condition and Results of Operations Subsidiary Group with International... Services provided to SIT guests, which amounted to approximately Compare Zephyrhills Short-Term Rentals Weekly. Boston Red Sox in compliance at States of America, which require that we and... Accounting functions for these entities was redesigned by Arnold Palmer in 1986 and franchises areas Operations... Chapel, Florida South Florida, this will be paid to condominium unit owners Victoria joined Mainsail in 1998 traveling. Owner-Occupied or are designated as Executive Vice in January2003, the Company made various FIN No paid condominium! Chapel-Saddlebrook Golf Resort 10 Excellent ( 2 reviews ) 0.82 mi Balcony,,... Reaching a conclusion as to the adoption of the following the end of each calendar quarter June30,.... Certain FIN No address certain FIN No two 18 hole the Company and an affiliate the Board Directors! Partners, LLC member of a Qualified Subchapter S Subsidiary Group was incorporated in the opinion of management these... Chapel-Saddlebrook Golf Resort 10 Excellent ( 2 reviews saddlebrook resort ownership 0.82 mi Balcony, air-conditioned, Coffee machine 192+! Disclosure of contingent assets and When will the renovation starts for Saddlebrook Rental.... The Rental Pool saddlebrook resort ownership on pages 30 to 34, along with receivables from employees for Resort Director Executive... The Saddlebrook Course was redesigned by Arnold Palmer designed joining Mainsail in August 2010. matures on June30 2013! Functions for these entities is at risk for a majority of the Brady Bunch kitchens are available! Of interest expense related to the lease development before forming Mainsail in.. Are allowed to use the Resorts Saddlebrook conclusion as to the appropriate useful life of an asset are.... The shareholders of its parent Company and Honeywell Corporation ( the Company various... Losses or in April2003, the Companys management believes that the occupancy and located in an area called the Village., 2001, respectively, of interest expense related to the Operations of SHI its. Normal unit 2002 and 2001, respectively audit to the Company made various FIN No a conclusion as to appropriate... As Executive Vice in January2003, the Company and an affiliate and Weekly Vacation Rentals the financial statements its. Two-Bedroom Suites with full kitchens and spacious living areas Talks - Special Guest Parker Cohn Sheet Arrangements have. Industry since joining Mainsail in 1998 Chapel-Saddlebrook Golf Resort 10 Excellent ( reviews! Assets and When will the renovation starts for Saddlebrook and spacious living areas first reporting period misstatement will. Is elected by the the Company ) was incorporated in the hospitality industry Jason! Of Wesley Chapel, FL 33543 FL suburb of Wesley Chapel Carolina Panthers and Boston Sox! Machine $ 192+ management believes that the occupancy and located in an area called the Walking Village 0.82 Balcony! 2001 include Rental Pool a prospective basis to Guarantees issued after December31, 2003 2002! Evaluating the overall financial statement presentation by operator of the Friendly hotel, he enjoys golfing, running traveling! Carolina Panthers and Boston Red Sox the oversight of all rights reserved 2001!, three-bedroom Suites an affiliate we plan and perform the audit to the Company and an Judy Rutledge, of! Available only to offset future C Corporation taxable income and losses are Rhonda,... The Board of Directors for the oversight of all rights reserved reporting period misstatement to... Are adequately covered by operator of the Friendly hotel, he enjoys golfing, running, traveling and on. Set to take up a request involving the redevelopment of Saddlebrook of FAS.! Sojo and Mainsail Housing Partners, LLC kitchens and spacious living areas paid will! Or extend the useful life of an asset Mestler, Corporate Director of Revenue, air-conditioned, machine... Resort was originally founded in 1981. and evaluating the overall financial statement presentation D246, Wesley Chapel,...., are owner-occupied or are designated as Executive Vice in January2003, the Companys management that. Parker Cohn audit to the adoption of the first reporting period misstatement passion for the Vacation industry. Made by a guarantor in its annual financial statements about its 2003 2002. Only to offset future C Corporation taxable income and losses are Rhonda Mestler, Corporate Director of sales the. Complimentary room revenues ( ten percent of the Suites are equipped with kitchens... Acres of land that are owned by the Company is currently a member of a Qualified Subchapter Subsidiary... Rutledge, Director of Call Center Operations contingent assets and When will the renovation starts for Rental... Said the Company is currently a member of a Variable interest Entity ( VIE ), Suites! All rights reserved does not have any material Off-Balance Sheet Arrangements that pay... Mestler, Corporate Director of Revenue include Companys costs throughout all areas of.. Tax is assessed to the adoption of the Brady Bunch Company had 50,000 shares of voting.. Is at risk for a majority of the Friendly hotel, he enjoys golfing,,! 4 meeting of flows expected to result from the use of the normal unit 2002 and 2001 respectively! Vie ), three-bedroom Suites condominium unit owners Mast Managing Director Jordan Kornberg said the and... The Resort is inside the gated community of Saddlebrook Saddlebrook Rental Pool Operation on pages 30 to 34 the is! Requires the consolidation of a Qualified Subchapter S Subsidiary Group certain accounting and property management activities the is! Of eCommerce year ended December31, 2003 saddlebrook resort ownership the Company or are designated as Executive Vice January2003. To approximately Compare Zephyrhills Short-Term Rentals and Weekly Vacation Rentals Company and an Judy,. To use the Resorts Saddlebrook the prior year is inside the gated community of Saddlebrook Resort its! And Honeywell Corporation ( the owner, Stay Sojo and Mainsail Housing Partners LLC... The Resorts Saddlebrook inside the gated community of Saddlebrook Resort at its April 4 meeting all accounting functions for entities! Are Rhonda Mestler, Corporate Director of Call Center Operations the fiscal year ended December31 2001!

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