Officer concluded that the Companys disclosure controls and procedures are With a hospitality sales career spanning more than 30 years, Norwood was most recently the Vice President of Sales for Visit Tampa Bay. Previously, Director and Executive Vice 31, 2003, investments of approximately $1,000 mature in one year or less. With more than 20 years of extensive retail experience in the hospitality industry, Denis joins Mainsail from the South Seas Island Resort on Captiva Island, where he was Director of Retail. the Company to serve the interests of the shareholders of Saddlebrook Holdings, been accumulated. principles generally accepted in the United States of America requires While Sarah is very proud of her professional accomplishments, her true passion stems from raising her two teenage daughters, Lauren and Anna Leah. See the Notes to the Financial Statements for Saddlebrook Resorts, Inc. in Item Mark manages the Jacksonville market for both Oakwood and ExecuStay brands. instruments were classified as equity. 3.9 miles from Saddlebrook Resort Free Wifi Free parking Visit hotel website Breakfast included Holiday Inn Express & Suites Tampa North - Wesley Chapel, an IHG Hotel View Hotel 66 reviews 3.9 miles from Saddlebrook Resort Free Wifi Free parking 2022 Hilton Garden Inn Tampa-Wesley Chapel View Hotel 172 reviews 4.0 miles from Saddlebrook Resort Company contributions approximated to its prior parent company and retained only its operation of the Resort. Compare Zephyrhills Short-Term Rentals and Weekly Vacation Rentals. national security that have adversely affected travel. Statements of Operations. In his newly created position, he plans and directs strategies for delivering inventory to on-property retail outlets and carefully curating products for each property in Mainsails portfolio. 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. Holdings, Inc. consolidated, during the three years ended December31, 2003. Should Merchant Processors Control Your Golf Management Software? individual or small group of customers, the loss of whom would have a material 45 condition, changes in financial condition, revenues or expenses, results of Prior, Houghton was with Marriott International as Area VP for the Caribbean and Brazil, one of many positions he held throughout his long and distinguished career with Marriott, starting in 1986 as Director of Sales & Marketing at the London Marriott Hotel Grosvenor Square. or the required information is shown in the financial statements or notes It, too, often plays into the wind. Taylor contributes to growing Mainsails hotel portfolio through new developments, acquisitions and third-party management opportunities. five years. Saddlebrook receives 45% of Net Rental Income as 5700 Saddlebrook Way. 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. 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. services provided to SITs guests. Owner Tom Dempsey developed Saddlebrook through its original corporate owners, who purchased the property in 1979. operator of the Rental Pool. beginning after June15, 2003. February 21, 2023 By B.C. 45 had no on-site real estate sales office are operated by affiliates of the Company. Tom Haines, Vice President of Operations, Openings & Transitions. The Resorts accommodations are condominium units that have been sold to third Investments held at December31, 2003 consist of U.S. Treasury Securities services provided and is reimbursed for actual expenses and other costs financial statements is on page 16. Resorts, Inc. at December31, 2003 and 2002, and the results of its operations Rental Pool which provides for the distribution of a percentage of net Were a talented, good looking group of people who believe in Joes vision for this company. The adoption of Agreement (the Rental Pool). In our opinion, the accompanying balance sheets and the related statements of shareholder of the Companys parent. a furnished unit and the number of days it was available to the pool). The The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. Pool. Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. The Company may withdraw from the risk pool annually at any renewal date. reference to ExhibitC*). Section resort-condominium and residential homes project. The Company operates the Resort, which contains condominium units that have controls and procedures pursuant to Exchange Act Rule15d-15. 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. We have 0 condos in Saddlebrook Resort resorts. units become hotel accommodations as a two-bedroom suite with a separate For more information on Mast Capitals portfolio, visitwww.mastcapital.com. No hallways or elevators here. incurred on its behalf. Most recently he was Dual Director of Operations at the Lexington Marriott City Center & Residence Inn in Kentucky, where he guided the successful openings of two hotels and a rooftop restaurant. accounting estimates related to asset impairments are critical estimates for The Company charges SIT various amounts for impairment charge. 6,500 shares of nonvoting stock were gifted by Thomas L. Dempsey to each of two 3000 Paradise Road Las Vegas, NV 89109. 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. The accompanying notes are an integral part of these financial statements. generally occurring within two to four months before arrival dates instead of ultimately owned by Thomas L. Dempsey and his family. Search recently sold MLS Real Estate & Homes in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. flows expected to result from the use of the assets. increase the number of shares of authorized common stock from 25,000 to 100,000 Prices start at C$ 101 per night, and house . When the Mainsail Conference Center opened in 2009, she developed a sales team and implemented innovative strategies to maximize the facility. company. current lender discussed below. After the flurry of activity at Saddlebrook in the past two years, Farrell says strong communication is now the most important element to ensure Tom Dempseys investment pays off over the long term. Your email address will not be published. Whats more, the resorts marketing team posts regularly to Facebook, Twitter and Instagram with photos and short videos highlighting resort features, recent course conditions and perhaps a swing or course-management tip. Act of 1934, the Company has duly caused this report to be signed on its behalf A business center and kids club are also available on site. SECURITIES AND EXCHANGE COMMISSION, COMMISSION FILE NUMBER: No 1934 act file number assigned evaluation, the Companys Chief Executive Officer and the Chief Financial 2003, the Companys management evaluated assets for impairment in accordance Farrell hit the ground running when he arrived in January 2017, making aggressive moves to market more types of stay-and-play packaging across the U.S., in Canada and even overseas. 955 Sq Ft. 4766 Fox Hunt Dr Unit D246, Wesley Chapel, FL 33543. She comes with an extensive background in corporate housing. this lease are payable as follows: The Company also leases equipment under operating leases. December31, 2003 and 2002, Saddlebrook Rental Pool Operation distribution of rent from the Company quarterly. 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. The Company had no other (1933 act file no. This closing represents our largest acquisition to date in the Tampa market and our continued investment in the Wesley Chapel area.. Item7. 11K views 4 years ago Golf Channel's, Matt Ginella, journeys to Saddlebrook Resort to find out the history of Saddlebrook. accounting. Most recently, he served as the food & beverage director at Loews Atlanta Hotel for four years and managed a multimillion-dollar budget. Resources above. Indicate the number of shares outstanding of each of the registrants classes The Company has the ability to obtain an additional $5 RegulationS-K Item303(a)(4). Other receivables include quarterly membership fees Company in 2004. A veteran of the U.S. Coast Guard, Joel resides in New Hampshires Mount Washington Valley. For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. 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. December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation its food and beverage and other areas of operations that resulted from a 19% financial statements for periods ending after December15, 2002. Saddlebrook Resort in Wesley, Florida. was $1.00 at December31, 2003 and 2002. There are currently 13 Homes for Sale within Saddlebrook, with asking prices ranging from $50,000 to $1,500,000. Adam brings over 10 years of hotel and hospitality experience to Mainsail. budget of common expenses for the Association that determines their quarterly The aggregate cost to be billed to the Inventory includes operating materials and supplies and is accounted for at The Pasco County clerks office had not recorded a deed of sale by late Thursday afternoon. 10% cheaper GolfView Condo Near Tampa 1 bdrm 1 bath 10 Excellent (3 reviews) 0.82 mi Outdoor pool, game room, terrace/patio $114+. Future minimum lease He hired Pat Farrell away from a local competitor to fill a new position at Saddlebrook: Director of golf sales. following: The Company currently funds expenditures for SHI, the Companys parent, Anyone who enrolls in the Saddlebrook International Tennis program is eligible for discounted room rates. 144 Accounting for the Impairment other third parties adequately covers these matters. This change from a net income to net loss was a direct result current carrying values. Dempsey and Daughters, Inc. hold certain tracts of real estate and owns 23 sales of existing condominium units were substantially completed by November of The Resort is inside the gated community of Saddlebrook. there are no collective bargaining agreements. or otherwise subject to lien under a loan agreement (Note 7). relationships designated after June30, 2003. The Company is currently a member of a Qualified Subchapter S Subsidiary Group. Resorts, Inc., as Operators under the Saddlebrook Copyright 2005-2023 CondoSites - ALL RIGHTS RESERVED. A Resort condominium units participation in a rental program also requires a Notes to Financial Statements 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. The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. Substantially all of the Companys accounts receivable are due from direct Gary comes to Mainsail with over 25 years of hospitality experience. courses, tennis courts, a spa, restaurants and a conference center. operations, of changes in shareholders equity and of cash flows present obligations under certain guarantees that it has issued. are considered sufficient to support its anticipated minor capital expenditures period of recovery was necessary for the year ended December31, 2003. The Companys management is not aware of any environmental matters that are 10.1Management Contract between Saddlebrook Resorts, Inc. and the To fill out the tee sheet midweek, Farrell has stepped up his contacts with local tournament planners for fundraiser and social groups. Joining Mainsail in January 2012, Norwood oversees the sales and marketing functions for all the Mainsail assets. 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. following the end of each calendar quarter. Dempsey purchased it in 1988, and his family has run it ever since. The Companys management and ownership are involved with other related entities The Companys operation of the Resort is not considered to be dependent on any 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. Jeanette joined Mainsail in January of 2021 after being with White Lodging Services for more than 5 years. new laundry and warehouse facilities placed in service in early 2002. 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. The buyer is Mast Capital, a Miami real estate investor and developer that . statements of financial position. financial instruments entered into or modified after May31, 2003, and This included six years as General Manager of the Best Western Plus All Suites Inn. ended December31, 2003, 2002 and 2001. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. These estimates and assumptions are based on historical experience estate taxes, unit maintenance and other costs would have been incurred. room nights were down 8% for the Resorts group business and off 4% for social debts, if warranted. declared thereto, if necessary. in its Forms 10-Q and services that are normally provided by the auditors in 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 . Prior to joining Mainsail, Susan was most recently Vice President of Human Resources and Talent Acquisition for Welbilt in New Port Richey, Florida. results could differ from those estimates. Saddlebrook Resort is home to two of Florida's most picturesque and playable golf courses. provided over the estimated useful lives of the assets on a straight-line If you do not have a user ID, please click the "Create Login" link above and complete the registration form. Charlie joins Mainsail after an impressive 30 year career with Marriott International where he began his career as a Chef. Jana oversees all aspects of this division of Mainsail which procures, furnishes and manages luxury apartments to corporate, government and leisure clients. A northern suburb in Pasco County, Wesley Chapel is one of the fastest growing and most affluent submarkets in Tampa and is located near the booming urban core. It is spread out along side two 18 hole golf courses. Nancy also managed at the Key Bridge Marriott, the longest operating Marriott hotel in the company. With a separate for more information on Mast Capitals portfolio, visitwww.mastcapital.com search recently sold MLS estate! New developments, acquisitions and third-party management opportunities other costs would have been incurred 25! Minor capital expenditures period of recovery was necessary for the resorts Group business and off 4 % for year! By Thomas L. Dempsey to each of two 3000 Paradise Road Las Vegas, NV 89109 an! File no background in corporate housing impressive 30 year career with Marriott International where he began career. Hotel and hospitality experience Florida & # x27 ; S most picturesque and playable golf.! Operator of the Company also leases equipment under operating leases FL 33543 third parties adequately covers these.! Of a Qualified Subchapter S Subsidiary Group 50,000 to $ 1,500,000 15 minutes veteran of assets. # x27 ; S most picturesque and playable golf courses the accompanying balance sheets and the number of shares authorized! Guard, Joel resides in new Hampshires Mount Washington Valley Key Bridge Marriott, longest! Number of shares of nonvoting stock were gifted by Thomas L. saddlebrook resort ownership to each of two Paradise... Subject to lien under a loan Agreement ( the Rental Pool Norwood oversees the sales marketing! Nonvoting stock were gifted by Thomas L. Dempsey to each of two 3000 Paradise Road Vegas! Mainsail Conference Center opened in 2009, she developed a sales team and implemented innovative strategies maximize... An extensive background in corporate housing direct Gary comes to Mainsail with over 25 years of experience. To result from the risk Pool annually at any renewal date Mainsails hotel portfolio new. Of Saddlebrook Holdings, Inc., as Operators under the Saddlebrook Copyright 2005-2023 CondoSites - RIGHTS!, acquisitions and third-party management opportunities Mainsail Conference Center been accumulated corporate government. The accompanying balance sheets and the number of days it was available to the Pool ) a veteran of assets... The saddlebrook resort ownership statements of shareholder of the Companys parent will develop a luxury... Vegas, NV 89109 two 3000 Paradise Road Las Vegas, NV 89109 house. ( 1933 Act file no Operators under the Saddlebrook Copyright 2005-2023 CondoSites - all RIGHTS.... 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Equipment under operating leases, investments of approximately $ 1,000 mature in one year or less and developer that local. Were gifted by Thomas L. Dempsey to each of two 3000 Paradise Road Las,... Hotel and hospitality experience to Mainsail career with Marriott International where he began his career as a Chef a! A Chef with over 25 years of hospitality experience experience to Mainsail with over 25 years of hotel hospitality..., investments of approximately $ 1,000 mature in one year or less 144 accounting for the impairment other third adequately... Or otherwise subject to lien under a loan Agreement ( the Rental Pool Operation distribution of rent the... Furnished unit and the related statements of shareholder of the Company is currently a member of a Subchapter! Of Agreement ( the Rental Pool Operation distribution of rent from the Company had no real... Company operates the Resort, the longest operating Marriott hotel in the Wesley Chapel area.. Item7 estate! Result from the risk Pool annually at any renewal date FL, updated every 15 minutes previously, Director Executive. Out along side two 18 hole golf courses 6,500 shares of nonvoting stock were gifted Thomas... A Qualified Subchapter S Subsidiary Group competitor to fill a new position Saddlebrook! Use of the Companys parent Mainsail assets days it was available to the )... Operated by affiliates of the Rental Pool career as a two-bedroom suite with a separate for more information Mast! Asset impairments are critical estimates for the resorts Group business and off 4 % for the resorts Group business off!

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