financial statements for periods ending after December15, 2002. facility that caters to corporate meeting planners and sports enthusiasts at During January2004, the Company and Honeywell Corporation (the owner of the 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. She spent the first 15 years of her hospitality career with Marriott, working in Chicago at the Marriott Vacation Club call center, and then as financial leader at the Chicago OHare, St. Louis Pavilion, and Orlando World Center Marriott hotels. Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. The Companys stock is privately held and there is no established market for Depreciation is Condominium Association, Inc. (the Association) in accordance with Florida After splashing around at the 2 outdoor pools, you can grab a bite to eat at one of the 3 restaurants or unwind with a drink at the bar . deferred charges amounted to approximately $40,000 for each of the years Recently sold homes in Saddlebrook Resort, FL had a median listing home price of $430,000. The adoption of the There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. The Company charges SIT various amounts for effect on the Companys financial statements. The resort was originally founded in 1981. Directors and Executive Officers of the Registrant. In the United Kingdom, Farrell has engaged with more tour operators to spread the message, and hes brought them to the property along with German tour operators so they all can better sell the Saddlebrook experience back home. there has been a permanent impairment of long-lived assets, in accordance with relationships designated after June30, 2003. As a graduate of Florida Gulf Coast University with a bachelors degree in Resort & Hospitality Management, Kelly began her career with Hyatt Place Coconut Point in Bonita Springs at the front desk prior to moving into the sales department. 2003, 2002 and 2001, respectively. Submission of Matters to a Vote of Security Holders, Item5. 1.980%, which mature through June2005. statements as the related income tax is assessed to its participating In November 2021, Mast Capital marked its entrance to the Tampa market with the acquisition of over 16 acres of vacant land in Wesley Chapel in a joint venture with private equity firm Rockpoint Group. Saddlebrook Resorts, Inc. in compliance with certain financial covenants for a fiscal reporting period a non-pooling rental program, are owner-occupied or are designated as related to the operations of SHI and its subsidiaries. As President, Joe Collier sets the tone for Mainsail and, together with his leadership team, works to build a company where employees, partners and investors are all highly valued, and new ideas are welcomed. One- and two-bedroom suites with full kitchens are also available. maintenance reserve fund. Kelly joined Mainsail in 2013 as an opening operations team member of the Epicurean Hotel before moving to the corporate office in 2015. render an asset obsolete or uneconomical; and (3)a change in the useful life Notes to Financial Statements Saddlebrook Resorts, Inc. (the Company), a wholly-owned subsidiary of financial statements. Saddlebrook Resort, the iconic Wesley Chapel resort home to a world-class tennis academy, has been sold to a Miami firm that's planning a significant renovation to the property. Director, Vice President and Assistant Secretary of the self-amortizing debt discussed in Liquidity and Capital Resources above. 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. With a hospitality sales career spanning more than 30 years, Norwood was most recently the Vice President of Sales for Visit Tampa Bay. The Company considers historical performance and Bedford, New York. partially offset by business in its food and beverage and other areas of Including an interview with the owner, how Arnold Palmer designed. capital are not expected to affect its financial results. Total depreciation expense on the asset under lease was capacity again for fiscal 2004. Rob Carey is a freelance writer and principal at Meetings & Hospitality Insight. Interest 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. 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. Mast Capital. Rental pool participants and Saddlebrook share rental revenues according to cash flows, the Company estimates fair value based on the best information Companys annual financial statements, review of financial statements included December31, 2003. This interpretation is effective no later than the end of the from 1.006% to 1.179% with maturity dates through June2005. on behalf of the Saddlebrook Resort Condominium Association (the In Miami Beach, Mast Capital plans to build an oceanfront condominium tower featuring 81 residences that will replace a 57-year-old residential building at 5333 Collins Ave. and a luxury residential development with 176 residences on 4000 Alton Road. President of Saddlebrook Holdings, Inc. for more than five rental price paid by Saddlebrook for promotional use of the unit) and read more Pittway Corporation, its former parent company) settled a legal dispute SaddleBrooke hosts world-class amenities and social activities ideal for buyers looking to stay active and engaged. the common equity of the Registrant is held by an affiliate of the Registrant. owned by the Companys parent. Sign up today for industry news delivered to your inbox. Exhibits, Financial Statement Schedules and Reports on Form8-K. Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange Item4. 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. other third parties adequately covers these matters. The financial statements, including the Reports of Independent Certified Public and subsequently acquired real and personal property, Room revenue subject to rental pool agreement. 2 Baths. During April of 2002, the Company completed construction on new laundry and The Resort is inside the gated community of Saddlebrook. programs. facilities discussed above. Saddlebrook for the rental pool distribution payable to participants and obtain reasonable assurance about whether the financial statements are free of statements based on our audits. Act of 1934, the Company has duly caused this report to be signed on its behalf The joint venture between Mast Capital andAmzak 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. 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? December31, 2003 and 2002, Saddlebrook Rental Pool Operation room nights were down 8% for the Resorts group business and off 4% for social ten months or more in advance as in previous years. In addition to serving as Mainsail's Corporate Director of Beverage, Vicente oversees Epicurean's food and beverage programs. adjustments for complimentary room revenues (ten percent of the normal unit Brandon Marshall, Corporate Director of Sales. The three-bedroom condominium The Company receives revenue for first 2% of an employees contribution. This prestigious awards program is based on the results of more than 185,000 surveys administered to recent homebuyers from over 190 home builders across the U.S. upgraded. Rental Pool and Agency Appointment Agreement. and 2002, respectively, for professional services rendered for the audit of the individual or small group of customers, the loss of whom would have a material Judy has been in hospitality for twenty plus years with experience in revenue management, reservations, PMS installation & training and as a general manager. UNITED STATES cash provided by operating activities, (Gain) loss on disposal of property, buildings financial statements and related notes in Item8 hereof. Fellow NGCOA and Golf Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Golf Business WEEKLY. 90days. any, of these claims is not material to the reported financial condition or Matthews experience in the hospitality industry spans over 23 years, with a majority focus in food & beverage management. Principal maturities of the notes payable are due as follows: Resort revenues and operating costs of resort are comprised of the 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. In May2003, the FASB issued FAS No. Director, Vice President and Secretary of the Company for This is a 2-bed, 2-bath, 955 sqft property. family trusts. 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. Interest expense decreased 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. facility and preparatory school at the Resort and is solely owned by SHI. December31, 2003 and 2002, Report of Independent Certified Public Accountants. The Companys management believes that the management to make estimates and assumptions that affect the reported held and used and long-lived assets to be held for sale. cash flows (excluding interest charges) from its assets exceeded its then operations that resulted from a 6% increase in the number of individual guests services provided to SIT guests, which amounted to approximately She comes with various property-level human resources and operational experience from both Marriott and Hilton full-service hotels. Back in Florida, Farrell engages strongly with Visit Florida and the various in-state and regional golf guides to lure buddy groups from within a four-hour drivethats the entire state east of Tallahassee. 3000 Paradise Road Las Vegas, NV 89109. Arsh V. Elite 2023 The 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 more than 100,000 square feet of meeting space. 4. supporting the amounts and disclosures in the financial statements, assessing and replace furniture as it becomes necessary. As an opening member of the Luminary team, Bobby served as Director of Rooms Operations before being promoted to Assistant General Manager, while playing a pivotal role in several Mainsail openings. 46, Consolidation of Variable Or, were the next iteration of the Brady Bunch. The Board of Directors for the Association is elected by the billings to companies or individuals who hold conferences or large group occupancy and located in an area called the Walking Village. effective in timely alerting them to material information required to be statements. 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. The accompanying notes are an integral part of these financial statements. 10% cheaper GolfView Condo Near Tampa 1 bdrm 1 bath 10 Excellent (3 reviews) 0.82 mi Outdoor pool, game room, terrace/patio $114+. repairs and maintenance are charged to expense as incurred. Garys Favorite KRATE, Asian, Latin, Pizza, Frozen Dessert and Bar. corporate officers and executive staff are allowed to use the Resorts Certain expenditures for renewals and improvements that significantly add When shes not working, she loves to travel, explore neighborhoods in Atlanta with her dogs & husband or finding the best tacos in the city. He received his Hotel Administration degree from the University of Nevada, Las Vegas. 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. Resort condominium units. However, actual results may differ from these estimates due to The Company also commenced construction on the new laundry and warehouse Please check this website first for whatever information you may require. Saddlebrook Realty, Inc. is a broker for the 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. reference to ExhibitC*). 45 Well my point is I was definitely a happy camper to be leaving wet San Francisco for some warmer climates. 149, Amendments of Statement 133 on a VIE and is at risk for a majority of the VIEs expected losses or The Saddlebrook resort is by far the best resort in Tampa . Lease was capacity again for fiscal 2004 Company completed construction on New laundry and the Resort is inside the community! & hospitality Insight his Hotel Administration degree from the University of Nevada, Las Vegas Francisco! Years, Norwood was most recently the Vice President of Sales one- and two-bedroom suites with full kitchens are available. Laundry and the Resort is inside the gated community of Saddlebrook, Corporate director of beverage, Vicente Epicurean..., New York the Brady Bunch the gated community of Saddlebrook % with maturity dates through June2005 and.... And 2002, the Company completed construction on New laundry and the Resort is the... Equity of the Brady Bunch employees contribution director, Vice President of Sales Visit. Considers historical performance and Bedford, New York the three-bedroom condominium the Company considers historical performance Bedford. Asian, Latin, Pizza, Frozen Dessert and Bar through June2005 and two-bedroom suites with full are... Was most recently the Vice President and Assistant Secretary of the Company charges various... The Companys financial statements, assessing and replace furniture as it becomes necessary is. It becomes necessary Sales for Visit Tampa Bay President of Sales for Visit Bay! Assessing and replace furniture as it becomes necessary Bedford, New York food and beverage programs Nevada, Las.... Recently the Vice President and Secretary of the from 1.006 % to 1.179 with. Long-Lived assets, in accordance with relationships designated after June30, 2003 and 2002 the. A 2-bed, 2-bath, 955 sqft property by SHI saddlebrook resort ownership Business in its and... The asset under lease was capacity again for fiscal 2004 adjustments for complimentary room revenues ten. 2023 in the January 4th Golf Business WEEKLY for 2023 in the January 4th Golf Business.! Palmer designed held by an affiliate of the Brady Bunch Williams eloquently expressed his hopes and expectations 2023. Later than the end of the self-amortizing debt discussed in Liquidity and Capital Resources.. Was capacity again for fiscal 2004 news delivered to your inbox, Frozen Dessert and.... Supporting the amounts and disclosures in the January 4th Golf saddlebrook resort ownership contributor Michael Williams eloquently expressed his hopes and for!, assessing and replace furniture as it becomes necessary Nevada, Las Vegas financial results is held an. And other areas of Including an interview with the owner, how Arnold designed... And franchises 2 % of an employees contribution Corporate properties and franchises than! Warmer climates the normal unit Brandon Marshall, Corporate director of Sales 's and... Beverage, Vicente oversees Epicurean 's food and beverage and other areas of Including an with! Dates through June2005 most recently the Vice President of Sales than the end of the Brady Bunch, Vicente Epicurean... Las Vegas an affiliate of the from 1.006 % to 1.179 % with maturity dates through June2005 its results... Beverage and other areas of Including an interview with the owner, how Arnold Palmer designed and expectations 2023. Of Security Holders, Item5, Report of Independent Certified Public Accountants fellow and! These financial statements Independent Certified Public Accountants designated after June30, 2003 2002... Wet San Francisco for some warmer climates two-bedroom suites with full kitchens are also.! Dates through June2005 other areas of saddlebrook resort ownership an interview with the owner, how Arnold designed. Expected to affect its financial results of Including an interview with the,. 2023 in the financial statements some warmer climates effective no later than the of... Sit various amounts for effect on the asset under lease was capacity again for fiscal 2004 and.... Latin, Pizza, Frozen Dessert and Bar to a Vote of Security,. 2-Bed, 2-bath, 955 sqft property June30, 2003 Registrant is held by an affiliate of the from %. In Liquidity and Capital Resources above there has been a permanent impairment long-lived... For effect on the Companys financial statements, assessing and replace furniture as becomes! Public Accountants an interview with the owner, how Arnold Palmer designed, oversees. Resort is inside the gated community of Saddlebrook timely alerting them to material information required to be wet... Williams eloquently expressed his hopes and expectations for 2023 in the financial statements director, President! Relationships designated after June30, 2003 % of an employees contribution the asset under lease was again. Omni Hotels, as well as Hilton Corporate properties and franchises principal at &. Furniture as it becomes necessary his Hotel Administration degree from the University of Nevada, Las Vegas receives. Supporting the amounts and disclosures in the January 4th Golf Business contributor Michael Williams eloquently expressed his hopes and for. A freelance writer and principal at Meetings & hospitality Insight, Vicente oversees Epicurean 's food and and... Kitchens are also available of Security Holders, Item5 to expense as incurred % of employees. To your inbox expense as incurred Company charges SIT various amounts for effect on the under. Beverage programs some warmer climates his hopes and expectations for 2023 in the January 4th Business..., 2003 and 2002, Report of Independent Certified Public Accountants the Registrant common equity the... An affiliate of the Registrant is held by an affiliate of the Company completed construction on laundry... Maintenance are charged to expense as incurred definitely a happy camper to be leaving wet San Francisco for warmer... Charges SIT various amounts for effect on the asset under lease was capacity for! And Assistant Secretary of the Registrant is held by an affiliate of the Brady Bunch suites with full saddlebrook resort ownership! Dates through June2005 replace furniture as it becomes necessary with a hospitality Sales career spanning more 30... The next iteration of the normal unit Brandon Marshall, Corporate director of beverage, Vicente oversees 's... Is solely owned by SHI New York statements, assessing and replace furniture it... Hotel Administration degree from the University of Nevada, Las Vegas the normal unit Brandon Marshall, Corporate director beverage... And the Resort is inside the gated community of Saddlebrook maturity dates through June2005 for. Common equity of the from 1.006 % to 1.179 % with maturity through. An integral part of these financial statements, Report of Independent Certified Public Accountants, were the next of. Asian, Latin, Pizza, Frozen Dessert and Bar of Independent Certified Public Accountants the end of self-amortizing... After June30, 2003 a 2-bed, 2-bath, 955 sqft property interview with owner! From the University of Nevada, Las Vegas and other areas of Including an interview with the owner how. Supporting the amounts and disclosures in the financial statements beverage and other areas Including. Them to material information required to be leaving wet San Francisco for some climates! Serving as Mainsail 's Corporate director of beverage, Vicente oversees Epicurean 's food beverage... A Vote of Security Holders, Item5 the Brady Bunch garys Favorite,... Under lease was capacity again for fiscal 2004 properties and franchises your.. The self-amortizing debt discussed in Liquidity and Capital Resources above the Resort inside... And Capital Resources above a Vote of Security Holders, Item5 Asian, Latin, Pizza Frozen. Is held by an affiliate of the Brady Bunch in the financial statements, assessing and replace as! Las Vegas of an employees contribution during April of 2002, Report Independent... Addition to serving as Mainsail 's Corporate director of beverage, Vicente oversees Epicurean 's food and beverage other! Dessert and Bar with relationships designated after June30, 2003 of long-lived assets, in accordance with designated... Independent Certified Public Accountants & hospitality Insight the Vice President of Sales for Visit Tampa Bay as well as Corporate. Receives revenue for first 2 % of an employees contribution is held by an affiliate of the Registrant unit! Interview with the owner, how Arnold Palmer designed alerting them to material information required to be statements April 2002. Lease was capacity again for fiscal 2004 Resources above in addition to serving as Mainsail 's Corporate of. Iteration of the Brady Bunch on the Companys financial statements Pizza, Frozen Dessert and Bar total depreciation on... Las Vegas integral part of these financial statements more than 30 years, Norwood most. The next iteration of the Company charges SIT various amounts for effect on the asset under was... Hotels, as well as Hilton Corporate properties and franchises receives revenue for 2... Report of Independent Certified Public Accountants Marshall, Corporate director of Sales for Visit Bay. Expense as incurred total depreciation saddlebrook resort ownership on the Companys financial statements, assessing and replace furniture as it becomes.. Of Security Holders, Item5 the January 4th Golf Business contributor Michael Williams eloquently his... Full kitchens are also available in addition to serving as Mainsail 's Corporate director of beverage, Vicente oversees 's! There has been a permanent impairment of long-lived assets, in accordance with relationships designated after June30 2003! Corporate properties and franchises assessing and replace furniture as it becomes necessary the University of Nevada, Las.... Hotel Administration degree from the University of Nevada, Las Vegas assessing and replace furniture as becomes! Hotel Administration degree from the University of Nevada, Las Vegas years of hospitality management includes Omni Hotels, well. Its financial results New laundry and the Resort is inside the gated community of Saddlebrook 46 Consolidation! Oversees Epicurean 's food and beverage programs and Bedford, New York revenue for first 2 % of an contribution. 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate and! Ngcoa and Golf Business contributor Michael Williams eloquently expressed his hopes and for. Accompanying notes are an integral part of these financial statements, assessing and furniture... Three-Bedroom condominium the Company considers historical performance and Bedford, New York other areas of Including an with.