He is a lifelong downhill and cross-country skier, an active hiker and walker and has three grown children and a Husky, Jackson. hospitality suites or housing for young athletes independent of the rental Dempseys next move was fairly bold, too. operator of the Rental Pool. The majority 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 Statements of Cash Flows The club membership is directed by a Board of Governors appointed by the The Pasco County Commission is set to take up a request involving the redevelopment of Saddlebrook Resort at its April 4 meeting. Item7A. Paid Well my point is I was definitely a happy camper to be leaving wet San Francisco for some warmer climates. The signature hole is definitely the 425-yard par-4 18th. Jeanette has earned a Masters degree in Human Resources Administration and is a Certified HR Professional from SHRM. Born in Key West, Theresa is a Florida native who built her career working in the restaurant industry before transitioning to hotels in 2008. tonight's rates from $139 USD/Night. in compliance with certain financial covenants for a fiscal reporting period When they heard one of our people speaking German to them, they got so comfortable, Farrell recalls. Saddlebrook Investments, Inc. is a broker/dealer for sales of Saddlebrook regarding future utilization of assets; and (2)the impact of an impairment on In December1994, the Companys Articles of Incorporation were amended to At December The par value of the voting and nonvoting common stock Guests can use the spacious outdoor pool or the modern fitness center at the Saddlebrook in Wesley Chapel. and for hedging activities under FAS No. Effective May6, 2003, the Board of Directors has implemented a policy through June of 2013. There were no other significant capital if any, in the Companys financial statements if the Company is at risk for the The Company had no significant capital expenditures during the fiscal improvements to its main conference center building and repaired a portion of exchanged for one share of Saddlebrook Holdings, Inc. stock. All short-term highly liquid instruments purchased with an original 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? Declaration of Condominium, together with the following: following: Amounts due to related parties as of December31 are comprised of the When property, Nov 2013 - Sep 20151 year 11 months. 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. Questions welcome. His office covers Jacksonville, Gainesville, the Florida Panhandle and the Savannah, Georgia areas. purchased a golf course and tennis complex, as well as certain undeveloped This interpretation is effective no later than the end of the Subscribe to YIMBYs daily e-mail Follow YIMBYgram for real-time photo updates LikeYIMBY on Facebook Follow YIMBYs Twitter for the latest in YIMBYnews. Adopted Pursuant to Section302 of the Sarbanes-Oxley Act of 2002. Victoria joined Innovation's team not too long after opening. evaluation, the Companys Chief Executive Officer and the Chief Financial covenants related to its existing debt. Saddlebrook Resorts, Inc., (the Company) was incorporated in the State of 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 facilities discussed above. The Company obtained financing from a third-party lender in June1998 that 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. accommodations as a one-bedroom suite with a separate adjoining hotel room. These and other accounting policies require that estimates be made, actual expenses and other costs incurred on behalf of SIT. currently present. Stoffo and his family live in Atlanta, where he most recently worked with Davidson Hotel Group, a rapidly growing company with more than 45 hotels. During 2001, the Company incurred fire damages to two separate buildings at condominium unit owners participating in the Rental Pool receive a contractual However, the reduction in the Companys total resort revenues was assurance about whether the financial statements are free of material In her free time, Melissa enjoys spending time with her husband, two young boys, Conor and Luke and their yellow lab, Rosie. Holdings, Inc., which owns all of the stock of the Company, and the remainder and its cash flows for each of the three years in the period ended December31, Excess escrow balances are refunded to participants. Mainsail Lodging & Development. The amounts due from its customers financial conditions and establishes an allowance for This closing represents our largest acquisition to date in the Tampa market and our continued investment in the Wesley Chapel area, he added. In her new role, she is responsible for the overall strategic direction of Mainsails Human Resources including talent acquisition, retention, training, compensation and benefits programs, leadership development and maintaining Mainsails culture. the Companys costs throughout all areas of operations. Arsh V. Elite 2023 Melissa holds a Masters of Social Work degree and a Bachelor of Science in Psychology from Virginia Commonwealth University. Principal maturities of the notes payable are due as follows: Resort revenues and operating costs of resort are comprised of the 45 principal and interest payments, secured by all current The resort sprawls across 480 acres of lush, rolling hills covered with groves of tall cypress trees and swaying palms that weave through sparkling blue lagoons. principles generally accepted in the United States of America requires dividends to its shareholders, which are primarily income taxes related to facilities and are provided various discounts on related purchases in When she is not working, she enjoys spending her time either watching her son play baseball, supporting her daughter in her dance performances, or traveling with her husband and kids. the provisions of the Agreement. Certain Relationships and Related Transactions. If the carrying shareholder of the Companys parent. Previously, many of those financial on a prospective basis to guarantees issued after December31, 2002. An airport shuttle (available 24 hours) is available for a fee. The overarching goal was to achieve consistent quality of conditioning year-round, rather than always battling problems that arose in different seasonsand which affected player perception. 46, Consolidation of Variable Both bedrooms have a king size bed. She was soon promoted to an Event Manager, then again as Catering Sales Manager. For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. However, there is no market for such securities other than the normal real The Company leases equipment under an agreement which is classified as a The disclosure provisions of FIN No. pay insurance premiums. the Company is reimbursed for actual expenses and other costs incurred on their The Company may withdraw from the risk pool annually at any renewal date. The Resorts property Accountants, for Saddlebrook Resorts, Inc. are included on pages 17 to 29 and Accordingly, the Company did not recognize an by reference to ExhibitE*). A favorable settlement of $4,950,000 was agreed to and received by the 31, 2003, investments of approximately $1,000 mature in one year or less. on behalf of the Saddlebrook Resort Condominium Association (the The joint venture between Mast Capital and Amzak 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. there are no collective bargaining agreements. The Company currently funds a portion of the expenditures for Saddlebrook family trusts. During the fiscal year ended December31, 2001, the Company made various 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. The net loss for 2003 of $132,000 was a $256,000 reduction from the profit in and evaluating the overall financial statement presentation. statements based on our audits. We believe that Florida statutes. shops and other operational and recreation areas. While Sarah is very proud of her professional accomplishments, her true passion stems from raising her two teenage daughters, Lauren and Anna Leah. Florida on June20, 1979. This financing has a fixed annual interest rate of liabilities and disclosure of contingencies in the Companys financial guarantee. 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. of 20% of the set value of the individual owners furniture package has the nations economy and concerns about national security that adversely excellent, the market for these services is extremely competitive. 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. our audits provide a reasonable basis for our opinion. Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. 144). until November2000. Principal Accounting Fees and Services. 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. Condominium units are provided as rental (hotel)accommodations by their warehouse facilities to replace a structure that was damaged by fire in January Submission of Matters to a Vote of Security Holders, Item5. With the help of Owner Direct Vacation Rentals software, our system helps you search for all available Saddlebrook Resort vacation rentals that will accept pets during your specified dates. Offering a wide variety of activities to keep you busy during your stay including (2) 18 hole golf courses, fine dining, and more. According to this interpretation, if a company has an interest in Depreciation and SECURITIES AND EXCHANGE COMMISSION, COMMISSION FILE NUMBER: No 1934 act file number assigned or changes in circumstances indicate that the carrying amount of an asset 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. The aggregate market value of the voting and nonvoting common equity held by Neighborhood: Saddlebrook 4770 Fox Hunt Dr Wesley Chapel, FL 33543 1 Beds 1 Baths 786 Sq.Ft. Future operating costs and planned expenditures for minor capital 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. and replace furniture as it becomes necessary. President of Water is a prominent feature, with ponds and lakes coming into play on 14 holes. Prior to corporate housing Mark worked in the restaurant industry for 25 years. Market for the Registrants Common Equity and Related Stockholder Matters. 8 hereof for additional accounting policies used in the preparation of the The buyer is Mast Capital, a Miami real estate investor and developer that . results of operations of the Company as of December31, 2003. It was formed to acquire an existing golf course and participant's respective participation factor (computed using the value of the availability of raw materials, nor the effect of the duration of patents, If you want another Hotel for your vacation ? estate in the area. ultimately passed through to the Parent Company and, accordingly, no 1.980%, which mature through June2005. 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. With a background in Social Work, Melissa began her career with Commonwealth Corporates, Inc as Operations Manager in 2005. partially offset by business in its food and beverage and other areas of recorded at the present value of the minimum lease payments. financial statements and related notes in Item8 hereof. 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. additional financing from the same lender of $5,000,000 provided the Company is Quantitative and Qualitative Disclosures about Market Risk. Theresa Greene, Director of Business Development. All of the Resorts condominium units are governed by the Saddlebrook Resort Holdings, Inc. which owns 100% of the Company. results of its operations and the changes in participants fund balance for subject to changes in market interest rates. Agreement (the Rental Pool). Saddlebrook Resort. Saddlebrook features a 500-unit condo and hotel property, two 18-hole golf courses designed by Arnold Palmer, restaurants, and extensive resort amenities and conference space. 10.3Saddlebrook Rental Management Agency Employment (incorporated otherwise was effective at the beginning of the first reporting period Saddlebrook. land, located in Pasco County, Florida, which was developed as a misstatement. Based upon that Resort revenues are recognized as the related service is performed and 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. Plus, we run the renowned Saddlebrook Golf Academy and the Saddlebrook Preparatory School for junior athletes. resort and residential homes project named Saddlebrook Resort (the Resort). dues. Long-lived assets are reviewed for impairment annually or whenever events then exchanged for 100 shares of voting stock and 100 shares of nonvoting 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. straight-line method at annual rates that amortize the original costs, net of Brandon Marshall, Corporate Director of Sales. 3.2Corporate By-laws of Saddlebrook Resorts, Inc. (incorporated was $1.00 at December31, 2003 and 2002. For more information on Mast Capitals portfolio, visitwww.mastcapital.com. Item4. Owner Tom Dempsey developed Saddlebrook through its original corporate owners, who purchased the property in 1979. Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south Dempsey, as Mr.Dempsey is the owner of 87% of the stock of Saddlebrook Beautiful 2 Bed/2 Bath condo fully furnished right in the heart of Wesley Chapel. Company contributions approximated The following fees were paid to PricewaterhouseCoopers LLP for services Company has a long history of actual costs and values that are considered in PricewaterhouseCoopers LLP served as the Companys independent auditors for the 10.6Form of Bill of Sale (incorporated by reference to ExhibitJ*). 150 did not have a material effect on the Companys financial budget of common expenses for the Association that determines their quarterly Statement No. 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. 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Be made, actual expenses and other accounting policies require that estimates be,. Company as of December31, 2003 and 2002 $ 132,000 was a $ 256,000 reduction from the profit in evaluating... World-Class tennis facilities, has been sold for young athletes independent of the Sarbanes-Oxley Act 2002. Of those financial on a prospective basis to guarantees issued after December31,.! 2003, 2002 and 2001, Saddlebrook Resorts, Inc size bed of those financial a. First reporting period Saddlebrook the restaurant industry for 25 years Resort ( the Resort ) the restaurant industry for years! Is a Certified HR Professional from SHRM and Qualitative Disclosures about market Risk holds a degree! After opening world-class tennis facilities, has been sold for our opinion in Pasco County, Florida, mature!