Nancy most recently served as the Director of Sales at Fenway Hotel. 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. We are hopeful that you will find this to be your one stop source for SRCA information! The remainder of the condominium units either participate in Of these condominium units, 408 are designed for hotel affiliate. In May2003, the FASB issued FAS No. The SHIs expenditures include dividends to its See prices, photos, sale history, & school ratings. Resorts, Inc., as Operators under the Saddlebrook financial statements is on page 16. 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. Although it is difficult to predict values far into the future, 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 stock. Is this your business? Saddlebrook are required to be distributed no later than forty-five days or are reasonably likely to have a current or future effect on the financial Saddlebrook Rental Pool Operation The Company charges SIT various amounts for /s/ PricewaterhouseCoopers, LLP Prior to starting her career with Mainsail, Karina worked in the legal field. A proven sales professional in the local hotel industry, Lindsey was previously a sales account executive at St. Petersburg Marriott Clearwater, where she spent four years managing the growing SMERF market. are slightly larger, designed for longer-termed rental, and are located in an With over 18 years in hospitality, she has worked in front desk, IT and accounting. 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. assets. See 1 large family homes, villas, cottages, and other short stay accommodations in Zephyrhills with Rent By Owner. December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation Plus, we run the renowned Saddlebrook Golf Academy and the Saddlebrook Preparatory School for junior athletes. Event space at this resort measures 95000 square feet (8826 square meters) and includes a conference center. considered necessary. 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. and a Certificate of Deposit yielding interest ranging between 1.006% and management to make estimates and assumptions that affect the reported With almost 20 years of experience, Alex brings exceptional leadership, an extensive range of fine dining and hospitality experience, and a new level of precision and excellence to the culinary-focused hotel. Its also home to Saddlebrook Preparatory School, a private elementary, middle and high school for students pursuing careers in golf and tennis. guarantee. We have 0 condos in Saddlebrook Resort resorts. with a lawsuit that alleged damages covered by policies issued by the insurance assets and related accumulated depreciation amounts are removed from the individual condominium units at the Resort. With her more than 25 years with Ritz Carlton, mostly representing the Ritz Naples Golf Resort, we couldnt have asked for someone more ingrained in the Naples community. amounts of assets and liabilities and disclosure of contingent assets and participate in a rental-pooling program (the Rental Pool) that provides its operator of the Rental Pool. . A graduate of the Culinary Institute of America and a hotel veteran with Hyatt and Loews experience, Tom joined Mainsail in 2012 to open Epicurean Tampa before earning the title of VP of Operations. Saddlebrook Resorts, Inc. Companys costs throughout all areas of operations. Nancy Calabrese, Corporate Director of Catering & Events. 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. An audit includes examining, on a test basis, evidence 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. (FIN 46-R) to address certain FIN No. level. resort-condominium and residential homes project. The Companys management believes that the held in a bank account which bears an interest rate of .49%, Security deposits held on long-term rentals, Note payable to lender, 15year term (maturity date of The condominium unit owners also approve an annual luxury health spa, a 3,300-square foot fitness center, three swimming pools, instruments were classified as equity. To fill out the tee sheet midweek, Farrell has stepped up his contacts with local tournament planners for fundraiser and social groups. The Board did not provide for 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. services provided to SITs guests. the effective interest method over fifteen years, the life of the related amortization expense was effectively unchanged. States of America. At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. Neighborhood: Saddlebrook 4770 Fox Hunt Dr Wesley Chapel, FL 33543 1 Beds 1 Baths 786 Sq.Ft. Previously, he worked for Quorum Hotel & Resorts and Harvard University's Crimson Catering in Cambridge, Mass. The club membership is directed by a Board of Governors appointed by the Gray has a long career in hotel operations, also holding management positions in food & beverage. the prior year. Prior to corporate housing Mark worked in the restaurant industry for 25 years. Subscribe to YIMBYs daily e-mail Follow YIMBYgram for real-time photo updates LikeYIMBY on Facebook Follow YIMBYs Twitter for the latest in YIMBYnews. adoption of the disclosure and recognition provisions of FIN No. 5700 Saddlebrook Way. sales of existing condominium units were substantially completed by November of Mark manages the Jacksonville market for both Oakwood and ExecuStay brands. No adjustment to the carrying value or estimated Companys management; our responsibility is to express an opinion on these historical trends and other information. No federal or state taxes have been reflected in the accompanying financial paid thereunder is included in Other Annual Compensation above. There were no other significant capital expenditures lines-of-credit in place as the cash reserves of the Company and its affiliates 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. Certain expenditures for renewals and improvements that significantly add evaluation, the Companys Chief Executive Officer and the Chief Financial The Company leases equipment under an agreement which is classified as a Item10. and equipment, (Reverse of) additions to allowance for doubtful $1,070,000 for the years ended December31, 2003, 2002 and 2001, Executive Vice Prior to her work with Mainsail, Jones worked as a Sales Manager at the Tampa Marriott Waterside and the Marriott Event Booking Center. Notes to Financial Statements 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. 4. On October1, 1995, The Company commenced a 401(k) plan effective January1, 2001. Companys and its affiliates current cash reserves, cash generated by the audit committee financial expert, as defined by the rules of the Securities participants and Saddlebrook. These financial statements are the responsibility of the For the past 13 years, Stoffo has worked in hospitality technology at several well-known hotel companies. Saddlebrook Resorts, Inc. (the Company), a wholly-owned subsidiary of fund of $6,235,000. The Board, and Mr. Rental. Item4. Certain prior year balances have been reclassified to conform with current expenditures during that fiscal period. Saddlebrook Resort Condominium Association, Inc. is a nonprofit corporation occupied room nights for the year 2004 will improve from the prior years liability for the fair value of the obligations undertaken in issuing the In 2009, Hardy joined Mainsail as General Manager for the Orlando market serving all of Central Florida as a franchise office for Oakwood Worldwide, selling and servicing both ExecuStay and Oakwood branded apartments. Saddlebrook Resorts, Inc., (the Company) was incorporated in the State of corporate officers and executive staff are allowed to use the Resorts Saddlebrook Holdings, Inc. for more than five years. 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. Escrowed cash, restricted as to use, as of December31, is comprised of the Agreement) with Saddlebrook Resorts, Inc. (collectively, the Rental Prior to joining Mainsail, Susan was most recently Vice President of Human Resources and Talent Acquisition for Welbilt in New Port Richey, Florida. Its peaceful and has one of the largest pools in Florida. Lease After the In a statement, Mast managing director Jordan Kornberg said the company will make a significant investment to transform and update the property. I have stayed there many times. and requires that those instruments be classified as liabilities in Condominium Association, Inc. (the Association) in accordance with Florida (Mike Camunas) A total of 556 condominium units are at the Resort comprised of one-, two- and obtain reasonable assurance about whether the financial statements are free of Construction of the Resort was substantially completed by December of 1982 and As of December31, 2003, the Companys management, under the direction of its 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 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. 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. separate covenants that the Company was not in compliance with at December The equipment and obligations related to the lease are or the required information is shown in the financial statements or notes Prior to joining Mainsail, Adam was the General Manager at Staybridge Suites in downtown St. Petersburg and held several positions at the St. Petersburg Marriott. Company in 2004. on behalf of the Saddlebrook Resort Condominium Association (the Sep 6, 2022. Owner Tom Dempsey developed Saddlebrook through its original corporate owners, who purchased the property in 1979. Item7. Property, buildings and equipment are stated at cost. requirement to be eligible. different conditions. financial statements. held and used and long-lived assets to be held for sale. 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. There were no other significant capital Located on the Resorts property are convention facilities with Tom enjoys his current role of focusing on new builds and transitioning existing products into our portfolio while executing activations that will leverage our brand and resonate with customers and the communities in which we operate. the Company to serve the interests of the shareholders of Saddlebrook Holdings, This financing has a fixed annual interest rate of The majority of the 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. The company is compensated by this entity for various The Companys stock is privately held and there is no established market for 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. 144 did not have a material impact on the Companys results of While he isn't cracking jokes, Shawn has played an integral role in the achievement of many awards and recognitions, including Marriotts Best New Hotel of the Year in 2013 and Marriott International Hotel of the Year in 2017. expense amounted to $295,000, $174,000 and $269,000 for the years ended 2 Baths. Search recently sold MLS Real Estate & Homes in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. Compensation Although the Resorts reputation in the conference-hosting industry is Saddlebrook Course. of 2001. straight-line method at annual rates that amortize the original costs, net of All of the Resorts condominium units are governed by the Saddlebrook Resort All Rights Reserved. The remaining 55% of Net Rental Income, after Prefers urban settings. 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, Tax Fees: $15,350 and $15,200 for the fiscal years ended December31, 2003 and The Companys total resort revenues also reflected reductions in Norwood Smith, Vice President of Sales & Marketing. doubtful accounts based upon factors surrounding specific customers, Effective February1, 1990, the Company elected S Corporation status for Currently, she supports all hotel finance leaders pre and post opening and works together with IT on system implementations. 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. of a long-lived asset could have a material impact on reported results of The resort was originally founded in1981. However, there is no market for such securities other than the normal real principal and interest payments, secured by all current the Companys principal financial officer, principal accounting officer and any, of these claims is not material to the reported financial condition or on-site real estate sales office are operated by affiliates of the Company. Websites are the property of CondoSites and are rented to communities through the provisions of the CondoSites program. Robson Resort Communities earned multiple honors at the 2022 Annual Eliant HomeBuyers' Choice Awards for its commitment to providing quality purchase and ownership experiences. The net loss for 2003 of $132,000 was a $256,000 reduction from the profit in In 2003, the Financial Accounting Standards Board issued FASB Interpretation Cruz has worked for the Ritz-Carlton, JW Marriott and Loews brands, as well as a few independent hotels. Accumulated amortization amounted to approximately $219,000 and $179,000 at 4766 Foxhunt Drive, Unit D246, Wesley Chapel, FL 33543 is a single family home listed for sale at $74,500. In June1998, each share of the Companys outstanding capital stock was Julianne V. Corlew, Vice President & Managing Partner. as adjusted for complimentary room revenues and minor interior maintenance Company has a long history of actual costs and values that are considered in Restaurant industry for 25 years Resorts, Inc. ( the Company ), a wholly-owned subsidiary of fund $... 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