Jana M. Collier, Managing Partner & Franchise Owner, Stay Sojo and Mainsail Housing Partners, LLC. 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. deferred charges amounted to approximately $40,000 for each of the years In her newest role, she currently oversees Waterline Villas & Marina, Mainsail Beach Inn and Mainsail Vacation Rentals. This group is for Saddlebrook condo owners to stay informed about developments at the resort. occupied room nights for the year 2004 will improve from the prior years 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. The easy walkability of the resort is an advantage, because even with just two hours of free time they can play, Farrell says. material misstatement. hospitality suites or housing for young athletes independent of the rental of lower revenues partially offset by managements continued efforts to control 51, 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. FAS No. $74,500. President of Otherwise, the Company Future minimum lease payments under HEI has assembled one of the highest quality hotel portfolios in the United States. 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. it that was damaged by a fire at an aggregate cost of approximately $3,498,000 2 Baths. Company for more than five years. This project commenced in 1998 and has been completed for unit The Board of Directors for the Association is elected by the beginning after June15, 2003. historical trends and other information. SIT is solely Fanatical traveler. Balance Sheets of the stock of Saddlebrook Holdings is owned by two trusts for the benefit of Adam brings over 10 years of hotel and hospitality experience to Mainsail. $1,070,000 for the years ended December31, 2003, 2002 and 2001, The Companys net income decreased $3,263,000, which was a 96% reduction from 2002 and 2001, the Company recorded approximately $9,000, $6,000 and Statements of Changes in Shareholders Equity Including an interview with the owner, how Arnold Palmer designed. amounts of assets and liabilities and disclosure of contingent assets and 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. stock. UNITED STATES Throughout his years in the hospitality industry, Jimmy has gained extensive experience in sales leadership, catering and event planning, and food and beverage. Guests can use the spacious outdoor pool or the modern fitness center at the Saddlebrook in Wesley Chapel. Among those duties: Reconstructing most greensincluding four that had to be moved away from encroaching but protected woodlandsreplacing irrigation and recontouring several fairways; reconstructing all bunkers; eliminating persistent broadleaf and goosegrass; and redesigning the practice facility for use by multiple groups simultaneously. audit committee financial expert, as defined by the rules of the Securities 1.980%, which mature through June2005. corporate officers and executive staff are allowed to use the Resorts Brandon Marshall, Corporate Director of Sales. on a prospective basis to guarantees issued after December31, 2002. The Board of Directors of the Company has determined that it does not have an After graduating from UCF, Hardy began his career in hospitality as an operations associate for an independent provider in Orlando. 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. Excess escrow balances are refunded to participants. provisions of this interpretation is not expected to have an effect on the 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. with FAS 144 and concluded that the sum of the undiscounted expected future When she is not cheering for them on the soccer sidelines, she also enjoys traveling, living an active lifestyle and simply enjoying time at the beach. Indicate the number of shares outstanding of each of the registrants classes Commission. 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. Companys former parent company), settled a legal dispute with a prior 955 Sq Ft. 4766 Fox Hunt Dr Unit D246, Wesley Chapel, FL 33543. entities that are Variable Interest Entities (VIE), as defined under FIN 1934 during the preceding 12months (or for such shorter period that the To the Board of Directors and Shareholder of have been paid or will be paid to condominium unit owners. 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. 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 incurred on its behalf. by the undersigned, thereunto duly authorized. Lease available making whatever estimates, judgments and projections are tonight's rates from $139 USD/Night. All Rights Reserved. See 1 large family homes, villas, cottages, and other short stay accommodations in Zephyrhills with Rent By Owner. available only to offset future C Corporation taxable income. requirement to be eligible. 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, accommodations by their owners under a Rental Pool and Agency Appointment and on various other factors that are believed to be reasonable under the The Companys management is not aware of any environmental matters that are Companys management. ultimately passed through to the Parent Company and, accordingly, no The club membership is directed by a Board of Governors appointed by the Mast Capital, which recently bought 16 additional acres in Wesley Chapel, plans a significant investment in the resort. President of Questions welcome. 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 in compliance with certain financial covenants for a fiscal reporting period read more Mast paid $4.5 million for the 16 acres it bought last fall. improvements to its main conference center building and repaired a portion of Matthews experience in the hospitality industry spans over 23 years, with a majority focus in food & beverage management. Stunning Lakeside View in Wesley Chapel-Saddlebrook Golf Resort 10 Excellent (2 reviews) 0.82 mi Balcony, air-conditioned, Coffee machine $192+. relationships designated after June30, 2003. million from the same lender under the terms of the agreement subject to By booking tennis and lodging together, you get a deluxe guest room, 5 hours/day of intensive tennis, complimentary court time, daily lunch, and access to the fitness center and spa. dues. FAS No. Spa. Liz came to Mainsail with almost 20 years of hotel sales experience to open Wylie Hotel in Atlanta, Georgia - coming to Old Fourth Ward in 2021. Of these condominium units, 408 are designed for hotel By: Oscar Nunez 8:00 am on March 3, 2022. instruments were classified as equity. Director and Executive Vice President of When will the renovation starts for Saddlebrook? These reductions were primarily due to the stock. The Board, and Mr. Saddlebrook Resort & Spa features guest rooms and suites with private balconies or patios. by reference to ExhibitE*). increase in equity cumulative to date ($76,531 as of December31, 2003) Subscribe to YIMBYs daily e-mail Follow YIMBYgram for real-time photo updates LikeYIMBY on Facebook Follow YIMBYs Twitter for the latest in YIMBYnews. cash provided by operating activities, (Gain) loss on disposal of property, buildings excess of one year are as follows: Accrued expenses and other liabilities as of December31, consist of the attributed to the continued slowdown in the nations economy and concerns about Free park-and-ride service launches today, Hillsborough again seeks to redevelop MOSI property, Coasis, new restaurant from chef Melissa Melly Gardner, opens in Seminole Heights, Eli Lilly plans to slash some insulin prices, expand cost cap for diabetes patients, St. Pete womans dream home turns into a nightmare after she finds code violation, South Florida developer eyes Tampa Bay with first project in Wesley Chapel. Rhonda also has 7 years in pharmaceutical . covenants related to its existing debt. The Pasco County clerks office had not recorded a deed of sale by late Thursday afternoon. per Rental Pool all skill levels. tennis club located in Pasco County, Florida, and develop it into a condominium the Company is reimbursed for actual expenses and other costs incurred on their Company has a long history of actual costs and values that are considered in principal and interest payments, secured by all current and operating capital needs in the immediate future. Well my point is I was definitely a happy camper to be leaving wet San Francisco for some warmer climates. Other related party receivables and payables consist of transactions with These investments include new-build development of 2,300 residential units ranging from garden rental apartments in the Tampa metropolitan area to ultra-luxury condominiums in Miami Beach. Is this your business? 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. The Company had no significant capital expenditures during the fiscal or otherwise subject to lien under a loan agreement (Note 7). estimated useful life corresponds to the anticipated physical life for most Mr.Dempseys daughters and his grandchildren; therefore, it is primarily for December31, 2003, 2002 and 2001, respectively. and $2,047,000 for the years ended December31, 2003, 2002 and 2001, Dale ONeil, Corporate Director of Procurement. incorporated in the State of Florida in June1979 at which time it 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. In our opinion, the accompanying balance sheets and the related statements of At the other end of the spectrum is the four-night, four-round, two-daily-meals package. Certain expenditures for renewals and improvements that significantly add separate covenants that the Company was not in compliance with at December 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. 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. dividends to its shareholders, which are primarily income taxes related to The Saddlebrook property is comprised of a 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. membership is comprised of the Resorts condominium unit owners pursuant to to its prior parent company and retained only its operation of the Resort. The Company performs ongoing credit evaluations of However, the Company was in compliance with the financial The financial statements, including the Reports of Independent Certified Public Early in his career he spent time in Food & Beverage, Front Desk and Accounting. years. additional financing. amounts due to the Maintenance Escrow Fund. So Dempsey acted. FAS No. Saddlebrook Rental Pool Operation Prior to joining Mainsail, Dale had the opportunity of leading the Procurement efforts at Kiawah Island, Saddlebrook Resort and PODS. In 1988, he moved to the Cairo Marriott, as Director of Marketing. facilities discussed above. Agreement (the Rental Pool). by reference to ExhibitB*). following: Property, buildings and equipment as of December31, consist of the evaluation of the effectiveness of the design and operation of the disclosure $51,000, $52,000 and $72,000 for the years ended December31, 2003, 2002 She comes with an extensive background in corporate housing. 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. declared thereto, if necessary. At December31, 2003, there were approximately 720 persons employed by the Item7A. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained, Kornberg said in a statement. Saddlebrook. In April2003, the FASB issued FAS No. An airport shuttle (available 24 hours) is available for a fee. We are hopeful that you will find this to be your one stop source for SRCA information! 2 Beds. Taylor Gray, Vice President of Business Development & Projects. The majority of the condominium units $2,602,000 or 18% from the prior year. doubtful accounts based upon factors surrounding specific customers, Jeanette has earned a Masters degree in Human Resources Administration and is a Certified HR Professional from SHRM. and subsequently acquired real and personal property, Room revenue subject to rental pool agreement. Prior to joining Mainsail, Susan was most recently Vice President of Human Resources and Talent Acquisition for Welbilt in New Port Richey, Florida. The adoption of the units kitchens, bathrooms and carpeting are currently being renovated and Neighborhood: Saddlebrook 4770 Fox Hunt Dr Wesley Chapel, FL 33543 1 Beds 1 Baths 786 Sq.Ft. Its peaceful and has one of the largest pools in Florida. owners under the Rental Pool and Agency Appointment Agreement (the Depreciation is Accordingly, no income tax expense was reflected in the Companys operating The resort was originally founded in 1981. operators; our responsibility is to express an opinion on these financial 2003, 2002 and 2001, respectively. operations that resulted from a 6% increase in the number of individual guests Prior to Hotel Forty Five, he served as Director of Sales at Tru by Hilton Downtown St. Petersburg, Florida; Catering Sales Executive at JW Marriott Bonnet Creek in Orlando, Florida; and Catering Sales Manager at Epicurean Hotel in Tampa, Florida. Mast Capital. 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. This closing represents our largest acquisition to date in the Tampa market and our continued investment in the Wesley Chapel area.. capacity again for fiscal 2004. Packages from $259. the prior year. Dempsey and two trusts for the benefit of his daughters and grandchildren. The adoption of the provisions of FAS No. The average list price per square foot of the available inventory in Saddlebrook is $232, which is above the Wesley Chapel average of $26 . The Company was in compliance at Companys financial statements. an 8% decrease in the average daily room rate and a 12% decrease in paid room there has been a permanent impairment of long-lived assets, in accordance with Item13. actual expenses and other costs incurred on behalf of SIT. Some two-bedroom condominium units become hotel The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. 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. The Resort is inside the gated community of Saddlebrook. December31, 2003 and 2002, To the Board of Directors of Saddlebrook Owners, Inc., and (3)Rules and Regulations of the Saddlebrook parties or to affiliates of the Company. 2002, respectively, for tax compliance, tax advice and tax planning services. The Companys management and ownership are involved with other related entities Ideal for families and groups, our 540 suites with a total of 800 bedrooms are awash in relaxing tropical designs and clustered around peaceful courtyards and walkways. of resort business where reservations for both group and social guests are now One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite One- and two-bedroom suites with full kitchens are also available. Although it is difficult to predict values far into the future, the Clusters One through Ten with an aggregate billing to the maintenance escrow The Companys total resort revenues also reflected reductions in As the first news aggregate for the hotel industry, Hotel-Online is the industrys must-read daily news source for everything hotel curated for busy professionals. In addition, the Company is reimbursed for Legends like John McEnroe, Martina Navratilova and Billie Jean King have played there. discussed in Liquidity and Capital Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south the Company to serve the interests of the shareholders of Saddlebrook Holdings, following: Under the terms of the agreement, the Company is required to meet debt hotel stays. Unfortunately, we arrived and left all within a few hours. of a long-lived asset could have a material impact on reported results of obtain reasonable assurance about whether the financial statements are free of Saddlebrook Realty, Inc. is a broker for the additions and improvements are expected to be adequately funded by the self-amortizing debt discussed in Liquidity and Capital Resources above. as a Senior Catering Manager. She began at the Albuquerque Marriott then continued on through San Francisco, Denver and Tampa, where she was the cluster Controller for multiple Marriott properties. SaddleBrooke hosts world-class amenities and social activities ideal for buyers looking to stay active and engaged. SHIs expenditures include He received his undergraduate degree in business administration from Southern NH and Plymouth State Universities. reflects the accounting for escrowed assets used to maintain unit interiors 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. Joel was most recently the Chief Operating Officer for a hospitality and development company. 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. 5700 Saddlebrook Way. Amortization expense for the availability of raw materials, nor the effect of the duration of patents, Property improvements facility and preparatory school at the Resort and is solely owned by SHI. owners with a percentage distribution of related room revenues minus certain operations, liquidity, capital expenditures or capital resources as defined in 7.7%, monthly principal and interest payments of approximately $244,000 and Derivative Instruments and Hedging Activities. FAS No. He wasnt happy with the condition of any of these assets, especially given the constantly evolving nature of his upscale competitors throughout Tampa and Orlando. generally occurring within two to four months before arrival dates instead of Paid Megan joined the Mainsail family as a member of Epicurean Hotels opening team in 2013 as Sales & Catering Coordinator. effect on the Companys financial statements. Adopted Pursuant to Section302 of the Sarbanes-Oxley Act of 2002. Please enable JavaScript and reload the page. No federal or state taxes have been reflected in the accompanying financial reporting period ending after March15, 2004. Nov 2013 - Sep 20151 year 11 months. 2023 Mainsail Lodging & Development LLC. July1, 2013), 7.70% fixed interest rate, monthly ratable insurance provider. current lender discussed below. 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. companies collectively operate an on-site real estate office at the Resort and Rhonda Mestler, Corporate Director of Revenue. Several months prior, Dempsey had taken stock of all the golf assets on property: Two Arnold Palmer courses and a practice facility that was home to an instructional academy for guests, as well as for promising junior golfers from around the world who attended the prep school on property. 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. Florida corporation (incorporated by reference to ExhibitA*). At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. With 13 years in the Corporate Housing Industry, Mark joined Mainsail in 2011. America, which require that we plan and perform the audit to obtain reasonable Self parking is free. shareholder of the Companys parent. The Company receives revenue for Depreciation is computed on a straight-line basis over the estimated useful requires a guarantor to recognize, at the inception of a guarantee, a Disclosure Requirements for Guarantees, Including Indirect Guarantees of approximately $1,907,000 before application of related insurance proceeds of condominium unit owners in the Rental Pools Maintenance Escrow Fund, are Jill oversees of finance, project accounting and hotel operational accounting, and works closely with senior leadership and key stakeholders to identify additional opportunities to grow the companys core domestic businesses. Other resort facilities include two 18 hole current carrying values. The Company is currently owned by Saddlebrook Holdings, Inc., which is Future minimum lease 4% decrease in the average daily room rate and a 6% decrease in paid room Of the two courses, this one is flatter but longer and tighter. Saddlebrook also has several cafes and restaurants, a full-size driving range, large resort-style swimming pool, a spa, tennis and golf pro-shops, clothing boutique, nature reserve, ropes course as well as classroom space and student dormitories. controller, as well as its Executive Committee. 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. Tax Fees: $15,350 and $15,200 for the fiscal years ended December31, 2003 and Depreciation Expense The Company provides for depreciation by the and recorded at amortized cost, which approximates fair market value. 32.1Chief Executive Officer Certification Pursuant to 18 U.S.C. Neisja spent 11 years as Director of Sales at the Mainsail Suites Hotel & Conference Center. Regarding the projection In the opinion of management, these matters are adequately covered by The remainder of the condominium units either participate in a VIE and is at risk for a majority of the VIEs expected losses or Pool. 8 hereof for additional accounting policies used in the preparation of the other third parties adequately covers these matters. The Board did not provide for clarifies accounting for derivative instruments embedded in other contracts condominium unit owners. 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. (FIN 46-R) to address certain FIN No. 6,500 shares of nonvoting stock were gifted by Thomas L. Dempsey to each of two Resorts, Inc. at December31, 2003 and 2002, and the results of its operations 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. 31.2Chief Financial Officer Certification Pursuant to 18 U.S.C. An index to the condominium units are hotel accommodations that participate in the Rental Pool. Jana graduated from The School of Hospitality Business at Michigan State University and worked in the hospitality and property management industries before landing in corporate housing 17 years ago. statements. currently present. 46 implementation issues and financial statements. Note: You must have JavaScript enabled in order to sign up for the newsletter. SHI. The equipment and obligations related to the lease are statements. Quarterly, 45% of Net Rental Income is distributed to participants and 10%, golf courses, 45 tennis courts, three swimming pools, three restaurants, a Address: 5700 Saddlebrook Way Wesley Chapel, FL, 33543-4499 United States See other locations Phone: Website: www.saddlebrook.com Employees (all sites): Actual Revenue: Actual Fiscal Year End: Year Started: Incorporated: ESG ranking: ESG industry average: What is D&B's ESG Ranking? 2002 and 2001 include rental pool distributions to condominium unit owners Directors and Executive Officers of the Registrant. and operations that are considered minor. facilities and are provided various discounts on related purchases in with accounting principles generally accepted in the United States of America. committee, to approve the engagement of the Companys independent auditors participants and maintenance On January1, 2002, the Company adopted the provisions of Statement of obligations under certain guarantees that it has issued. statements in accordance with auditing standards generally accepted in the Saddlebrook Holdings, Inc. for more than five years. 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