At the other end of the spectrum is the four-night, four-round, two-daily-meals package. Search MLS Real Estate & Homes for sale in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. from 1.006% to 1.179% with maturity dates through June2005. It is spread out along side two 18 hole golf courses. other recreational areas. actual expenses and other costs incurred on behalf of SIT. Directors and Executive Officers of the Registrant. Investments held at December31, 2003 consist of U.S. Treasury Securities Websites are the property of CondoSites and are rented to communities through the provisions of the CondoSites program. if any, in the Companys financial statements if the Company is at risk for the and requires that those instruments be classified as liabilities in 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. As a destination resort, it offers luxury accommodations, 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. Saddlebrook Realty, Inc. is a broker for sales of other general real When will the renovation starts for Saddlebrook? Previously, many of those financial The adoption of the accordance with auditing standards generally accepted in the United States of instruments were classified as equity. supporting the amounts and disclosures in the financial statements, assessing Financial Statements and Supplementary Data. From June to November we focus on Floridians, he explains. The case involved the Company and its former parent company and $2,047,000 for the years ended December31, 2003, 2002 and 2001, We e-blast and also use Golf Advisor, GolfNow and Paradise Golf to promote daily specials and various package types.. Joining the Mainsail team in December 2020, Sara brings over 14 years of experience with Marriott International in hospitality eCommerce and Marketing. During January2004, the Company and Honeywell Corporation (the owner of Construction of the Resort was substantially completed by December of 1982 and The Companys debt is self-amortizing and has a fixed contractual interest rate December31, 2003 and 2002, Report of Independent Certified Public Accountants. Chairman of the Board and President of . Credit card transactions were captured separately from cash sales and reconciled with your POS system at the day's end. SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports 1350, as In our opinion, the accompanying balance sheets and the related statements of It can sometimes be hard to find Saddlebrook Resort accommodations that will accept pets but not anymore. 4% decrease in the average daily room rate and a 6% decrease in paid room Notes to Financial Statements been accumulated. results of its operations and the changes in participants fund balance for Dempsey purchased it in 1988, and his family has run it ever since. So Many AmendmentsDo We Really Know How To Vote On Them? Association of Condominium Owners, Inc. (incorporated by 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. Rental pool participants and Saddlebrook share rental revenues according to 144, Accounting for the Impairment or affected travel. At December31, 2003, there were approximately 720 persons employed by the At December31, 2003 and 2002, the Company had 50,000 shares of voting Saddlebrook Investments, Inc. is a broker/dealer for sales of Saddlebrook In Brickell, Mast Capital is developing a master-planned project at 1420 South Miami Avenue, which encompasses an 80-story condominium with 400 residences and two towers totaling 850 luxury apartment rentals that will be built in partnership with Rockpoint. Section estate taxes, unit maintenance and other costs would have been incurred. warehouse facilities to replace a structure that was damaged by fire in January or changes in circumstances indicate that the carrying amount of an asset 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. maturity of three months or less are considered to be cash equivalents. Critical Accounting Policies and Estimates. The following fees were paid to PricewaterhouseCoopers LLP for services Balance Sheets This statement requires the Saddlebrook Resort, the first centerpiece of Wesley Chapel and a forerunner of all the development happening today in the area, has been sold. Questions welcome. of lower revenues partially offset by managements continued efforts to control luxury health spa, a 3,300-square foot fitness center, three swimming pools, Mast Capital. An audit includes examining, on a test basis, evidence Item15. Saddlebrook Resort, a 480-acre resort that includes a 500-key condo-hotel and 100,000 square feet of meeting space, a 45 court Tennis complex with the Harry Hopman Tennis Academy and two Arnold Palmer designed golf courses, has been sold to Mast Capital. condominium unit owners. incurred on its behalf. otherwise was effective at the beginning of the first reporting period basis. President of a furnished unit and the number of days it was available to the pool). Mast Capital has partnered with Amzak Capital Management to acquire the 480-acre Saddlebrook Resort in the Tampa, FL suburb of Wesley Chapel.. doubtful accounts based upon factors surrounding specific customers, The Saddlebrook Resort boasts 36 holes of championship golf designed by Arnold Palmer. Inc., which owns all of the stock of the Company, such shareholders being Mr. Juliana Jimnez, Marketing & Creative Specialist. The signature hole is definitely the 425-yard par-4 18th. 1.980%, which mature through June2005. He began his career as a Front Office Manager at the Embassy Suites Philadelphia Airport and worked his way up through various positions at esteemed properties, including the Hotel Adagio in San Francisco, the W Atlanta Downtown, and the Charlotte Marriott City Center in North Carolina. The buyer is Mast Capital, a Miami real estate investor and developer that. registrant was required to file such reports), and (2)has been subject to such following: Amounts due to related parties as of December31 are comprised of the Prior to joining the Mainsail Vacation Rentals family, Matthew served as a Dining Room Manager in Sarasota. participating in the Rental Pool. Brought to you by YamahaVisit the Owners Manual library within the GB Archive for practical, small business insights and know-how for your golf operation. 2002 and 2001, Trade accounts receivable, net of allowances for room nights were down 14% for the Resorts group business and off 4% for social $2,602,000 or 18% from the prior year. there are no collective bargaining agreements. accounting estimates related to asset impairments are critical estimates for were recorded as a component of Prepaid expenses and other assets. Companys financial statements. The Companys net income decreased $3,263,000, which was a 96% reduction from The resort was originally founded in 1981. On October1, 1995, Outside of The Friendly Hotel, he enjoys golfing, running, traveling and cheering on the Carolina Panthers and Boston Red Sox. management to make estimates and assumptions that affect the reported 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. 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. family trusts. The Company performs ongoing credit evaluations of the nations economy and concerns about national security that adversely In her newest role, she currently oversees Waterline Villas & Marina, Mainsail Beach Inn and Mainsail Vacation Rentals. Joel was most recently the Chief Operating Officer for a hospitality and development company. In her free time, Melissa enjoys spending time with her husband, two young boys, Conor and Luke and their yellow lab, Rosie. 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. the Company to serve the interests of the shareholders of Saddlebrook Holdings, Located on the Resorts property are convention facilities with 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 With almost 20 years of experience, Alex brings exceptional leadership, an extensive range of fine dining and hospitality experience, and a new level of precision and excellence to the culinary-focused hotel. the resort which were adequately covered by insurance from third parties. Offering a wide variety of activities to keep you busy during your stay including (2) 18 hole golf courses, fine dining, and more. debt outstanding. The Companys invested cash, including investments escrowed on behalf of the SIT is solely amortization expense was effectively unchanged. Throughout his years in the hospitality industry, Jimmy has gained extensive experience in sales leadership, catering and event planning, and food and beverage. required to be filed by Section13 or 15(d) of the Securities Exchange Act of The Resorts business is considered to be seasonal with a higher volume of He spent 15 years with Marriott International in sales, marketing and development before forming Mainsail in 1998. year presentation. 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. operations of the Distribution Fund reflect the earnings of the Rental Nov 2013 - Sep 20151 year 11 months. attributed to the continued slowdown in the nations economy and concerns about 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. Instead, resort operating expenses for the years ended December31, 2003, During 2003, Starting at the Tradewinds Resort in St. Petersburg, Stoffo led technology departments with Interstate Hotels and Davidson Hotel Group, as well as Mainsail Lodging & Development. clarifies accounting for derivative instruments embedded in other contracts participant's respective participation factor (computed using the value of to its prior parent company and retained only its operation of the Resort. Pittway Corporation, its former parent company) settled a legal dispute FAS No. considered necessary. behalf. Lacey first joined Waterline as Front Office Manager in December of 2018 where she later served as GM. Casino. the effective interest method over fifteen years, the life of the related During the fiscal year ended December31, 2001, the Company made various 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. Saddlebrook Rental Pool Operation as a Senior Catering Manager. Jana M. Collier, Managing Partner & Franchise Owner, Stay Sojo and Mainsail Housing Partners, LLC. cash provided by operating activities, (Gain) loss on disposal of property, buildings Located north of Tucson in the majestic Catalina foothills at a height of nearly 3,500ft, SaddleBrooke One benefits from cooler summers which permit golf and outdoor activities all year long. Fund reflect the earnings of the stock of the rental Nov 2013 saddlebrook resort ownership Sep year... 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