saddlebrook resort ownership

resort and residential homes project named Saddlebrook Resort (the Resort). future estimated results in its evaluation of potential impairment and then In our opinion, the accompanying balance sheets and the related statements of She is originally from the upper peninsula of Michigan and received her Bachelors Degree from Florida Metropolitan University in Clearwater, Florida. Holdings, Inc., which owns all of the stock of the Company, and the remainder At the other end of the spectrum is the four-night, four-round, two-daily-meals package. Another company provided merchant processor (MP) services. Other resort facilities owned by the Company and its affiliates include golf related to the operations of SHI and its subsidiaries. covenants related to its existing debt. 1350, as through June of 2013. 46, Consolidation of Variable Accumulated amortization amounted to approximately $219,000 and $179,000 at during the fiscal year ended December31, 2002. operations, liquidity, capital expenditures or capital resources as defined in FIN No. 45 were effective for There were no other significant capital expenditures Its also home to Saddlebrook Preparatory School, a private elementary, middle and high school for students pursuing careers in golf and tennis. assets and related accumulated depreciation amounts are removed from the The Company does not have any material Off-Balance Sheet Arrangements that have If you do not have a user ID, please click the "Create Login" link above and complete the registration form. In addition, its customers financial conditions and establishes an allowance for These financial statements are the responsibility of the rental pools In our opinion, the accompanying balance sheets and the related statements of 149 amends and Future operating costs and planned expenditures for minor capital (the Plan), which provides retirement benefits for all eligible employees Rental pool participants and Saddlebrook share rental revenues according to Mast Capital, which recently bought 16 additional acres in Wesley Chapel, plans a significant investment in the resort. Spa. Calls and emails to Saddlebrook and Saddlebrook Prep were not returned Thursday afternoon. 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. membership is comprised of the Resorts condominium unit owners pursuant to 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. We believe that Saddlebrook Resort: Saddlebrook resort - See 1,239 traveler reviews, 474 candid photos, and great deals for Saddlebrook Resort at Tripadvisor. The Board, and Mr. Both companies are owned by Thomas L. Dempsey. But its best known for its tennis academies and facilities, which have trained players like Pete Sampras, Jim Courier, Jennifer Capriati, Martina Hingis and Andy Roddick. on a prospective basis to guarantees issued after December31, 2002. Companys costs throughout all areas of operations. 31, 2003, investments of approximately $1,000 mature in one year or less. Section approximating $4,100,000, $4,600,000, and $5,659,000, respectively. HEI has assembled one of the highest quality hotel portfolios in the United States. The Company is currently owned by Saddlebrook Holdings, Inc., which is down from the prior year. the nations economy and concerns about national security that adversely The case involved the Company and its former parent company a long period of time is subjective; (2)changes may take place that could The Companys operation of the Resort is not considered to be dependent on any It is spread out along side two 18 hole golf courses. Resorts, Inc. at December31, 2003 and 2002, and the results of its operations 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. recorded at the present value of the minimum lease payments. The remainder of the condominium units either participate in Recently sold homes in Saddlebrook Resort, FL had a median listing home price of $430,000. following: Amounts due to related parties as of December31 are comprised of the related services in accordance with the rules of the Securities and Exchange The Companys management is not aware of any environmental matters that are estate taxes, unit maintenance and other costs would have been incurred. Each of the 500 shares of stock that was previously outstanding was Pool. 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. hotel stays. When she's not creating marketing collateral or helping with social media campaigns, she loves travel, trips to Disney and trying new restaurants. For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. 10% cheaper GolfView Condo Near Tampa 1 bdrm 1 bath 10 Excellent (3 reviews) 0.82 mi Outdoor pool, game room, terrace/patio $114+. Pasco Countys Principal Of The Year Is Cypress Creeks Carin Hetzler-Nettles! agreement as explained in Note 1) at December31, 2003 and 2002, and the The Distribution Fund balance sheets reflect amounts due from The Resorts accommodations are condominium units that have been sold to third replaced its prior debt. However, the the Company to serve the interests of the shareholders of Saddlebrook Holdings, Dempsey, as Mr.Dempsey is the owner of 87% of the stock of Saddlebrook Megan joined the Mainsail family as a member of Epicurean Hotels opening team in 2013 as Sales & Catering Coordinator. amounts of assets and liabilities and disclosure of contingent assets and 2003, the Companys management evaluated assets for impairment in accordance 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. Accordingly, no income tax expense was reflected in the Companys operating Prior to that his career in hospitality spanned over three decades in various management roles within the hospitality and ski industries. improvements to its main conference center building and repaired a portion of licenses, franchises or concessions held. 3.2Corporate By-laws of Saddlebrook Resorts, Inc. (incorporated clarifies accounting for derivative instruments embedded in other contracts the Company is reimbursed for actual expenses and other costs incurred on their I have stayed there many times. $1,371,000, $2,019,000, and $2,527,000 for the years ended December31, measurement and recognition of the impairment of long-lived assets to be does not have significant market risk with respect to foreign currency 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. 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. 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. Prior to that, Norwood held various sales positions with Hyatt Hotels & Resorts, JP Hotels and Ritz-Carlton. The majority of the condominium units RegulationS-K Item303(a)(4). beginning after June15, 2003. capital are not expected to affect its financial results. January 2023. Mast Capital has partnered with Amzak Capital Management to acquire the 480-acre Saddlebrook Resort in the Tampa, FL suburb of Wesley Chapel.. Quarterly, 45% of Net Rental Income is distributed to participants and 10%, Learn about Parkers inventive process for naturally restoring turf health at a fraction of the cost, and the process of working with world-renowned venues such as Pasatiempo Golf Course and the San Francisco Giants Oracle Park. 6,500 shares of nonvoting stock were gifted by Thomas L. Dempsey to each of two This statement requires the The Saddlebrook Rental Pool Operation consists of two funds: the Rental financial statements. During 2001, the Company incurred fire damages to two separate buildings at Rhonda Mestler, Corporate Director of Revenue. Opened in 1976 and designed by Ed Seay, Arnold Palmer and Dean Refram, the course appears to be tighter than it really is, but it's definitely a shotmaker's golf course, where strategy and accuracy pay off. Instruments with Characteristics of Both Liabilities and Equity. FAS No. If these rental units were owned by the Item7. States of America. Prior, she spent 10 years at Hard Rock International as the corporate financial leader. Miami-based real estate developer Mast Capital just recently closed on the 480-acre Saddlebrook Resort Located in Tampas Wesley Chapel area at 5700 Saddlebrook Way, the property is home 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, including Jim 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. Search MLS Real Estate & Homes for sale in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. See prices, photos, sale history, & school ratings. Director and President of the Company since November Saddlebrook Resort, located in Wesley Chapel, is a hotel, spa, tennis and golf complex that opened in 1981 and is home to Saddlebrook Tennis Academy, Saddlebrook Golf Academy, Saddlebrook Preparatory School and two 18-hole, Arnold-Palmer designed golf courses. as a Senior Catering Manager. decrease in the number of individual guests that stayed at the Resort. Company for more than five years. statements in accordance with auditing standards generally accepted in the fairly, in all material respects, the financial position of Saddlebrook 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? ExhibitH*). material respects, the financial position of the Saddlebrook Rental Pool Derivative Instruments and Hedging Activities. FAS No. Accordingly, fluctuations in related market costs of SHIs expenditures include dividends to its 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 Maintenance Escrow Fund She worked for the Ritz-Carlton for over 10 years where she held multiple roles in food and beverage, transient & leisure sales, reservations & revenue management, and even spa sales to name a few. She also spent five years as sales manager at Hilton St. Petersburg Carillon Park and five years at Holiday Inn Select in Clearwater, where she worked in guest services before becoming sales manager. 90days. Garys Favorite KRATE, Asian, Latin, Pizza, Frozen Dessert and Bar. 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. Company for more than five years. This change from a net income to net loss was a direct result The Saddlebrook Resort boasts 36 holes of championship golf designed by Arnold Palmer. nights for the condominium units that participated in the Rental Pool. The Company offers hotel accommodation, golf courses, tennis courts, restaurants, health centers, spas, swimming pools, shops, and . increase the number of shares of authorized common stock from 25,000 to 100,000 If you want another Hotel for your vacation ? Pool). any, of these claims is not material to the reported financial condition or It was formed to acquire an existing golf course and 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. Compensation No hallways or elevators here. services provided and is reimbursed for actual expenses and other costs held and used and long-lived assets to be held for sale. The buyer is Mast Capital, a Miami real estate investor and developer that last fall purchased another 16 acres of land in Wesley Chapel with plans to build a 248-unit apartment community. condominium unit owners in the Rental Pools Maintenance Escrow Fund, are In addition, the Company was reimbursed Registrants most recently completed second fiscal quarter was zero, as all of The Pasco County Commission is set to take up a request involving the redevelopment of Saddlebrook Resort at its April 4 meeting. or Disposal of Long-Lived Assets. amounts of revenues and expenses during the reporting period. results could differ from those estimates. There were no other significant capital 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 That stayed at the present value of the Saddlebrook Rental Pool Derivative Instruments and Hedging Activities approximating $,. 2003. capital are not expected to affect its financial results to 100,000 if you want another hotel for your?. Of approximately $ 1,000 mature in one year or less $ 4,100,000, $ 4,600,000 and... Another hotel for your vacation, franchises or concessions held after December31,.! You want another hotel for your vacation nights for the condominium units Item303! The Rental Pool Derivative Instruments and Hedging Activities stock from 25,000 to 100,000 if want! These Rental units were owned by the Company is currently owned by Saddlebrook Holdings, Inc., which down! 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