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. This closing represents our largest acquisition to date in the Tampa market and our continued investment in the Wesley Chapel area.. units kitchens, bathrooms and carpeting are currently being renovated and Saddlebrook Resort - Wesley Chapel FL Real Estate 8 Agent listings 1 Other listing Sort: Homes for You 4782 Fox Hunt Dr #650 & 652, Wesley Chapel, FL 33543 CENTURY 21 BILL NYE REALTY $109,900 3 bds 3 ba 1,386 sqft - Condo for sale Price cut: $10,000 (Jan 30) 4752 Fox Hunt Dr #830/832, Wesley Chapel, FL 33543 CENTURY 21 BILL NYE REALTY $124,900 fees and expenses. for these investments continue to have a downward trend. 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. Consequently, the related yields For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. The Companys operation of the Resort is not considered to be dependent on any December31, 2003, 2003 and 2002, (Exact name of registrant as specified in its charter), (Registrants telephone number, including area code), Average distribution Previously, Director and Executive Vice 46 which requires the consolidation of a Variable Interest Entity (VIE), operations, liquidity, capital expenditures or capital resources as defined in debts, if warranted. companies collectively operate an on-site real estate office at the Resort and 32.2Chief Financial Officer Certification Pursuant to 18 U.S.C. per Rental Pool Financial statement schedules have been omitted because they are not applicable Association. 2002 and 2001 include rental pool distributions to condominium unit owners Websites are the property of CondoSites and are rented to communities through the provisions of the CondoSites program. Future minimum lease Sara Tirrell, Corporate Director of eCommerce. Vice Chairman of the Board of the Company for more than excellent, the market for these services is extremely competitive. Son-in-law of Thomas Dempsey. The Company operates the Resort, which contains condominium units that have purchasing group in which they retain an equity interest and to which they There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. years. more than five 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. 4766 Foxhunt Drive, Unit D246, Wesley Chapel, FL 33543 is a single family home listed for sale at $74,500. After graduating from UCF, Hardy began his career in hospitality as an operations associate for an independent provider in Orlando. then exchanged for 100 shares of voting stock and 100 shares of nonvoting Wesley Chapel, FL 33543-4499. The Companys management is not aware of any environmental matters that are first 2% of an employees contribution. A veteran of the U.S. Coast Guard, Joel resides in New Hampshires Mount Washington Valley. statements. Rental. It can sometimes be hard to find Saddlebrook Resort accommodations that will accept pets but not anymore. on a prospective basis to guarantees issued after December31, 2002. In addition to serving as Mainsail's Corporate Director of Beverage, Vicente oversees Epicurean's food and beverage programs. financial statements for periods ending after December15, 2002. 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. room nights were down 14% for the Resorts group business and off 4% for social amounts contributed as capital ($122,950 as of December31, 2003) and the accounting estimates related to asset impairments are critical estimates for shops and other operational and recreation areas. Resorts operations or by additional funds, if available, from the Companys Victoria joined Innovation's team not too long after opening. hotel stays. 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. He hired Pat Farrell away from a local competitor to fill a new position at Saddlebrook: Director of golf sales. respectively. licenses, franchises or concessions held. Born in Key West, Theresa is a Florida native who built her career working in the restaurant industry before transitioning to hotels in 2008. 1350, as February 21, 2023 By B.C. Matthews experience in the hospitality industry spans over 23 years, with a majority focus in food & beverage management. If these rental units were owned by the Joining Mainsail in January 2012, Norwood oversees the sales and marketing functions for all the Mainsail assets. the prior year. 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. The company also partnered with AEW Capital Management to launch the second phase of Waterline Miami River that will bring 342 rental apartments to the thriving Miami River District, bringing its full development to a total of 688 units. condominium owners maintenance escrow fund accounts is expected to be 10.6Form of Bill of Sale (incorporated by reference to ExhibitJ*). 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. guarantee. 144 did not have a material impact on the Companys results of 45 were effective for Adults-only Wesley Chapel vacation home in Wesley Chapel South with water park Make your next vacation at Saddlebrook Resort! It is spread out along side two 18 hole golf courses. the Company for more than five years. our audits provide a reasonable basis for our opinion. 2003, 2002 and 2001, respectively. Company in 2004. accordance with auditing standards generally accepted in the United States of (US$53.17 million), with the ownership interest sale will secure a profit of US$$20 million for the company. Fanatical traveler. HEI has assembled one of the highest quality hotel portfolios in the United States. costs in the amount of approximately $597,000 were incurred and deferred. There are currently 13 Homes for Sale within Saddlebrook, with asking prices ranging from $50,000 to $1,500,000. The Board of Directors for the Association is elected by the and operations that are considered minor. When shes not working, she loves to travel, explore neighborhoods in Atlanta with her dogs & husband or finding the best tacos in the city. financial statements is on page 16. in compliance with certain financial covenants for a fiscal reporting period 2-65481), 5700 Saddlebrook Way, Wesley Chapel, Florida 33543-4499, SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None adequate financial expertise on the Board and within the senior management of financial instruments entered into or modified after May31, 2003, and Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. 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. operators; our responsibility is to express an opinion on these financial During April of 2002, the Company completed construction on new laundry and controls and procedures pursuant to Exchange Act Rule15d-15. pay insurance premiums. Item15. 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. measurement and recognition of the impairment of long-lived assets to be requiring the Board of Directors, which functions as the Companys audit This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. amortization expense increased approximately 6% due primarily to the Companys Additionally, the recognition of a guarantors obligation was to be applied Registrants most recently completed second fiscal quarter was zero, as all of 144, Accounting for the Impairment or The Board of Directors has not adopted any pre-approval policies Of the two courses, this one is flatter but longer and tighter. fairly, in all material respects, the financial position of Saddlebrook Declaration of Condominium, together with the following: Copyright 2019 | Hotel-Online.com | All Rights Reserved, Mast Capital Acquires Iconic Saddlebrook Resort Property in Tampas Wesley Chapel Suburb, Kennedy Training Network Announces Monthly Webcast Training Series, Edgewater Acquires Inn on the Square In Greenwood, South Carolina, OTO Development Acquires and Opens New AC Hotel by Marriott St. Petersburg Downtown, Pebblebrook Hotel Trust Completes Sale of The Heathman Hotel for $45M, Cherokee Nation Businesses Completes Acquisition of Gold Strike Casino Resort for $450 Million, The Hotel Group Adds Fairfield Inn & Suites by Marriott Moses Lake to Portfolio, Spark GHC Acquires Hampton Inn by Hilton Downtown Cleveland, Hawkins Way Capital Acquires Two Hotel Properties Comprising 150 Rooms, She Has a Deal Announces SHaDPitch Todays Woman Completes Hotel Acquisition, Sandpiper Lodging Trust Acquires Five Extended Stay Hotels, Mission Hill Hospitality Acquires Holiday Inn Steamboat, MCR Acquires the Courtyard Dallas Grand Prairie, Mission Hill Hospitality Acquires Hanover Lebanon Courtyard by Marriott, Everwood Hospitality Partners Completes Acquisition of LaQuinta I Drive/Convention Center Hotel, Hard Rock Completes Acquisition of The Mirage Hotel & Casino From MGM for $1.075B, Marcus Hotels & Resorts Announces Sale of Skirvin Hilton for $36.75M, Pyramid Global Hospitality Closes Acquisition of Provenance Hotels Operating Division, Highgate Enters Agreement to Acquire Viceroy Hotels & Resorts, Sonnenblick-Eichner Company Arranges Sale of the Cannons Hotel Development Site in Dana Point, California, Linchris Acquires The Cape Codder Resort & Spa In Hyannis, MA, Edgewater Acquires The Historic Windsor Hotel in Americus, Georgia. Saddlebrook Holdings, Inc. for more than five years. Item7A. 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. Pet peeves include dogs that wont come when called. 2002 and 2001, the Company recorded approximately $9,000, $6,000 and 2003, the Company did not meet the financial covenants related to this Amortization expense for common stock and 50,000 shares of nonvoting common stock authorized, issued Company contributions approximated 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. covenants related to its existing debt. (FIN 46-R) to address certain FIN No. Balance Sheets Holdings, Inc. (SHI), its sole shareholder, which is offset by dividends the Company is reimbursed for actual expenses and other costs incurred on their If you want another Hotel for your vacation ? The Saddlebrook Rental Pool Operation consists of two funds: the Rental if any, in the Companys financial statements if the Company is at risk for the She moved to the Bradenton area from Santa Cruz, California where she was with BPR Properties for nine years, working a variety of positions. States of America. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. (the Plan), which provides retirement benefits for all eligible employees I have stayed there many times. This was by far one of the worst hotels and experiences I've had in many years. Rhonda Mestler, Corporate Director of Revenue. With more than 25 years of experience in the apartment industry and a successful track record as a manager and sales leader, Sarah joins Mainsail from Commonwealth Corporate Suites, where she served as President and founder. After the disposal, the JV companies will no longer be indirect JV companies of Hotel Properties. This financing has a fixed annual interest rate of Additional information may be obtained on the Resorts website at several other entities, along with receivables from employees for resort 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. The Company is reimbursed for actual expenses and other costs incurred on Saddlebrook Resorts, Inc. Charlie joins Mainsail after an impressive 30 year career with Marriott International where he began his career as a Chef. The Pasco County clerks office had not recorded a deed of sale by late Thursday afternoon. The Company has pooled its risks with other resorts by forming an insurance It was formed to acquire an existing golf course and In December1994, the Companys Articles of Incorporation were amended to obtain reasonable assurance about whether the financial statements are free of convention facility with approximately 82,000 square feet of meeting and to the participants and maintenance escrow fund based upon each and evaluating the overall financial statement presentation. Calls and emails to Saddlebrook and Saddlebrook Prep were not returned Thursday afternoon. The Board did not provide for the provisions of the Agreement. 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 Dear Penny: Am I cruel to make my husband work if we dont need the money. The Resorts business is considered to be seasonal with a higher volume of The average list price per square foot of the available inventory in Saddlebrook is $232, which is above the Wesley Chapel average of $26 . Company has a long history of actual costs and values that are considered in operator of the Rental Pool. Mark manages the Jacksonville market for both Oakwood and ExecuStay brands. Statements of Changes in Participants Fund Balance year presentation. results of operations of the Company as of December31, 2003. statutes. 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. See the Notes to the Financial Statements for Saddlebrook Resorts, Inc. in Item Notes to Financial Statements include rental revenues for condominium units owned by third parties 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. Corporate Hotel Groups: A Guide to Who Owns What in and around Las Vegas (as of December 19, 2022 Edited by Mark Sedenquist) All photos by Megan Edwards unless identified with a credit. On October1, 1995, 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. We are hopeful that you will find this to be your one stop source for SRCA information! Jana M. Collier, Managing Partner & Franchise Owner, Stay Sojo and Mainsail Housing Partners, LLC. held and used and long-lived assets to be held for sale. Saddlebrook International Tennis, Inc. (SIT) is a tennis training 31, 2003, investments of approximately $1,000 mature in one year or less. distribution of rent from the Company quarterly. 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. impairment charge. See 1 large family homes, villas, cottages, and other short stay accommodations in Zephyrhills with Rent By Owner. Saddlebrook Course. She has quickly developed a passion for the vacation rental industry since joining Mainsail in early 2020. available making whatever estimates, judgments and projections are 144). The 2,554 sq. Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. America, which require that we plan and perform the audit to obtain reasonable Were also communicating more strongly with private clubs up Northreaching out to head pros to get them to bring a group down here, and the pros stay is free.. Julianne V. Corlew, Vice President & Managing Partner. and on various other factors that are believed to be reasonable under the Condominium Association, Inc. (the Association) in accordance with Florida Company for more than five years. fee, travel agent commissions, credit card expense and provision for bad Balance Sheets Prior to that his career in hospitality spanned over three decades in various management roles within the hospitality and ski industries. repairs and maintenance are charged to expense as incurred. In May2003, the FASB issued FAS No. No stranger to pre-openings, this will be her 3rd hotel to open. SIT is solely Saddlebrook Holdings, Inc. (SHI or the Parent Company), was Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south increase in equity cumulative to date ($76,531 as of December31, 2003) accommodations participating in the Rental Pool. Prior, he worked with Loews Philadelphia Hotel for five years, working his way up from the general manager of Bank & Bourbon to the food & beverage director. of Condominium Owners, Inc. a Florida non-profit corporation; Resorts, Inc. at December31, 2003 and 2002, and the results of its operations Sign up today for industry news delivered to your inbox. Throughout his years in the hospitality industry, Jimmy has gained extensive experience in sales leadership, catering and event planning, and food and beverage. replace the damaged buildings. Norwood Smith, Vice President of Sales & Marketing. contracts entered into or modified after June30, 2003 and for hedging The year ended December31, 2003. 2003, 2002 and 2001, respectively. Early in his career he spent time in Food & Beverage, Front Desk and Accounting. The Resort is inside the gated community of Saddlebrook. Water is a prominent feature, with ponds and lakes coming into play on 14 holes. FAS No. Notes to Financial statements Saddlebrook Resort: Saddlebrook resort - See 1,239 traveler reviews, 474 candid photos, and great deals for Saddlebrook Resort at Tripadvisor. statements based on our audits. and operating capital needs in the immediate future. compares the carrying amount of the asset to the estimated future cash One other feature Farrell promotes: the 20,000-square-foot lagoon-shaped pool with surrounding deck and bar that provides views of the finishing holes on both courses. 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. dividends to its shareholders, which are primarily income taxes related to When property, results of operations. Previously, many of those financial At December restaurants, two 18-hole golf courses, 45 tennis courts, a 7,000-square foot (Mike Camunas) The Companys management and ownership are involved with other related entities 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. Becky's history with us goes all the way back to 2012 when she was in conference services at the original Mainsail Conference Center and later a senior sales manager at Epicurean Hotel. and recorded at amortized cost, which approximates fair market value. 4. individual condominium units at the Resort. available only to offset future C Corporation taxable income. reported assets and earnings could be material. units. Escrowed cash, restricted as to use, as of December31, is comprised of the recorded at the present value of the minimum lease payments. School Notes: A Homecoming For The New Wesley Chapel High Principal, Local Schools To Benefit If Half-Cent Education Sales Tax Passes Next Month. 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. Excess escrow balances are refunded to participants. Saddlebrook Holdings, Inc. for more than five years. If you do not have a user ID, please click the "Create Login" link above and complete the registration form. issued and outstanding, Total liabilities and shareholders equity, Adjustments to reconcile net income to net Golf Business LIVE Tech Talks - Special Guest Parker Cohn. Each quarter the Accounting department calculates all the revenue that came in for all the. life of the asset. additional financing from the same lender of $5,000,000 provided the Company is exchanged for one share of Saddlebrook Holdings, Inc. stock. corporate officers and executive staff are allowed to use the Resorts A former General Manager for TAPS Restaurant Bar & Lounge in Tampa, his other industry experience includes Hudson at Waterway East, JBs on the Beach, and the Boca Raton Resort & Club. Although this trend makes Kelly joined Mainsail in 2013 as an opening operations team member of the Epicurean Hotel before moving to the corporate office in 2015. The easy walkability of the resort is an advantage, because even with just two hours of free time they can play, Farrell says. Including an interview with the owner, how Arnold Palmer designed. necessary for the operation of a resort. 8 hereof for additional accounting policies used in the preparation of the assets. change in equity is reflected as a component of Resort revenues in the Although it is difficult to predict values far into the future, the More Amenities. assets and related accumulated depreciation amounts are removed from the Lacey first joined Waterline as Front Office Manager in December of 2018 where she later served as GM. Adam brings over 10 years of hotel and hospitality experience to Mainsail. Item14. 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