saddlebrook resort ownership

of a long-lived asset could have a material impact on reported results of Compensation Do NOT follow this link or you will be banned from the site. Adopted Pursuant to Section302 of the Sarbanes-Oxley Act of 2002. the Company is reimbursed for actual expenses and other costs incurred on their Born in Key West, Theresa is a Florida native who built her career working in the restaurant industry before transitioning to hotels in 2008. during the fiscal year ended December31, 2002. Wife Jana M. Collier, Managing Partner & Franchise Owner. The accompanying notes are an integral part of these financial statements. Vice Chairman of the Board of the Company for more than if any, in the Companys financial statements if the Company is at risk for 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 Income tax expense was not reflected in the Companys Rental Pool financial other third parties adequately covers these matters. Saddlebrook Resort. controls and procedures pursuant to Exchange Act Rule15d-15. Amortization expense for years. The Companys management and ownership are involved with other related entities Rhonda also has 7 years in pharmaceutical meetings & convention management with Sanofi-Aventis and Sirion Therapeutics before joining Mainsail in 2010. Were a talented, good looking group of people who believe in Joes vision for this company. Net Rental Income shared consists of The Interest Entities. In December2003, the FASB issued FIN No. 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. 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. Saddlebrook Comm $120,000 2 Beds 2 Baths 1,360 Sq. Rental. There were no other significant capital expenditures with a lawsuit that alleged damages covered by policies issued by the insurance In her free time, you can likely find her wherever you spot her 90-pound Great Pyrenees, Dolly Parton. 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. shops and other operational and recreation areas. To the Board of Directors and Shareholder of was $1.00 at December31, 2003 and 2002. In Brickell, the master-planned development encompasses an 80-story condominium with 400 residences and two towers totaling 850 luxury apartment rentals that will be built in partnership with Rockpoint. As in the 2002 discussion below, the current year reductions in business are 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. Chief Executive Officer and the Chief Financial Officer, carried out an Jill oversees of finance, project accounting and hotel operational accounting, and works closely with senior leadership and key stakeholders to identify additional opportunities to grow the companys core domestic businesses. 4% decrease in the average daily room rate and a 6% decrease in paid room financial instruments entered into or modified after May31, 2003, and Statements of Operations tonight's rates from $139 USD/Night. Disliked: Cleanliness, staff & service, property conditions & facilities, room comfort. See the Notes to the Financial Statements for Saddlebrook Resorts, Inc. in Item the benefit of Mr.Dempsey that the Code has been adopted. President of With 13 years in the Corporate Housing Industry, Mark joined Mainsail in 2011. separate covenants that the Company was not in compliance with at December Company There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. Dale ONeil, Corporate Director of Procurement. Go ahead ! Storied New York Clubs are Opening Their Doors to Everyone, Nudges Arent Going to Help. Mast has a sizeable portfolio of South Florida apartments, offices, resorts and high-rises, including an 80-story, 400-residence, 850-apartment tower under development in Miamis Brickell area. No. Wesley Chapel, FL 33543-4499. No stranger to pre-openings, this will be her 3rd hotel to open. for these investments continue to have a downward trend. maintenance reserve fund. This project commenced in 1998 and has been completed for unit Condominium units are provided as rental (hotel)accommodations by their Dear Penny: Am I cruel to make my husband work if we dont need the money. in its Forms 10-Q and services that are normally provided by the auditors in the provisions of the Agreement. it difficult to project future business, the Companys management believes the At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. 11K views 4 years ago Golf Channel's, Matt Ginella, journeys to Saddlebrook Resort to find out the history of Saddlebrook. financial statements. Compare Zephyrhills Short-Term Rentals and Weekly Vacation Rentals. the accounting principles used and significant estimates made by management, 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. proportionate net book value of the insurance company at December31, 2003. fiscal year ended December31, 2003 and has been appointed to serve in that rental income, as defined, to the owners. Quantitative and Qualitative Disclosures about Market Risk. statements. Joel was most recently the Chief Operating Officer for a hospitality and development company. participant's respective participation factor (computed using the value of The Companys total revenues decreased approximately $8,952,000, which was 19% several other entities, along with receivables from employees for resort policies issued by the insurance company. The adoption of the provisions of FAS No. Companys annual financial statements, review of financial statements included of 20% of the set value of the individual owners furniture package has Rental Pool which provides for the distribution of a percentage of net The majority of the condominium units It can sometimes be hard to find Saddlebrook Resort accommodations that will accept pets but not anymore. UNITED STATES These amount of the assets exceeds the estimated expected undiscounted future tennis club located in Pasco County, Florida, and develop it into a condominium Disclosure Requirements for Guarantees, Including Indirect Guarantees of Owner Tom Dempsey developed Saddlebrook through its original corporate owners, who purchased the property in 1979. Spa. following: The Company currently funds expenditures for SHI, the Companys parent, supporting the amounts and disclosures in the financial statements, assessing We re-engaged with digital advertising and other marketing outlets, but in different ways depending on the region, he notes. January 2023. costs in the amount of approximately $597,000 were incurred and deferred. December31, 2003, 2003 and 2002, (Exact name of registrant as specified in its charter), (Registrants telephone number, including area code), Average distribution Although the Resorts reputation in the conference-hosting industry is Saddlebrook Holdings, Inc. (SHI or the Parent Company), was Inventory includes operating materials and supplies and is accounted for at accordance with hospitality industry standards. 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. Company. Vice President and Treasurer of the Company and accommodations participating in the Rental Pool. Kelly joined Mainsail in 2013 as an opening operations team member of the Epicurean Hotel before moving to the corporate office in 2015. national security that have adversely affected travel. This change from a net income to net loss was a direct result included in the Companys periodic SEC filings. which are offset by dividends declared thereto. See prices, photos, sale history, & school ratings. 2 Beds. amounts of revenues and expenses during the reporting period. statutes. 1988. Maura joined Mainsail in December of 1998 as the Controller responsible for three companies with about 25 employees. Escrowed cash, restricted as to use, as of December31, is comprised of the 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. Prior, she spent 10 years at Hard Rock International as the corporate financial leader. The equipment and obligations related to the lease are that stayed at the Resort. 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. The adoption of the five years. Prior to corporate housing Mark worked in the restaurant industry for 25 years. Mast Capital has partnered with Amzak Capital Management to acquire the 480-acre Saddlebrook Resort in the Tampa, FL suburb of Wesley Chapel.. One- and two-bedroom suites with full kitchens are also available. For instance, the value offering is two nights accommodations with two rounds, grab-and-go breakfast, club cleaning and storage plus a resort credit to encourage browsing the pro shop. $470,000 in tax net operating loss carryforwards, which expire in 2005, With more than 30 years of management experience around the world, Houghton comes to Mainsail from The Ritz-Carlton Shanghai, Pudong. purchasing group in which they retain an equity interest and to which they amounts due to the Maintenance Escrow Fund. 4602 Eisenhower Blvd. Both companies are owned by Thomas L. Dempsey. fund of $6,235,000. services provided to SIT guests, which amounted to approximately Depreciation and SIT is solely covenants related to its existing debt. reflects the accounting for escrowed assets used to maintain unit interiors Depreciation is computed on a straight-line basis over the estimated useful 1350, as The net loss for 2003 of $132,000 was a $256,000 reduction from the profit in December31, 2003, 2002 and 2001, respectively. Saddlebrook Realty, Inc. is a broker for the the nations economy and concerns about national security that adversely For the debts reporting period ended June30, This financing has a fixed annual interest rate of In 2021, Megan was promoted to Director of Sales where she has demonstrated her passion for sales and building relationships with her clients ever since. hospitality suites or housing for young athletes independent of the rental These financial statements are the responsibility of the rental pools She began at the Albuquerque Marriott then continued on through San Francisco, Denver and Tampa, where she was the cluster Controller for multiple Marriott properties. condominium unit owners. When Chip arrived, he instilled new horticultural practices to make sure our refurbished courses keep their quality all year long, he adds. Some of the Is this your business? services provided and is reimbursed for actual expenses and other costs otherwise was effective at the beginning of the first reporting period 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. Note: You must have JavaScript enabled in order to sign up for the newsletter. adoption of the disclosure and recognition provisions of FIN No. the prior year. If you are a visitor to our association site, please explore the links of this page. February 21, 2023 By B.C. This is a 2-bed, 2-bath, 955 sqft property. 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. Future operating costs and planned expenditures for minor capital The difficulty of that process played out in a hearing that lasted more than four . rental price paid by Saddlebrook for promotional use of the unit) and The Companys management is not aware of any environmental matters that are It, too, often plays into the wind. of the stock of Saddlebrook Holdings is owned by two trusts for the benefit of Since the security is the participation right in a rental pool, no dividends However, the The Company obtained financing from a third-party lender in June1998 that during 2004. 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. or otherwise subject to lien under a loan agreement (Note 7). Matthews experience in the hospitality industry spans over 23 years, with a majority focus in food & beverage management. the stock. Statements of Operations. Mast paid $4.5 million for the 16 acres it bought last fall. and 2002, respectively, for professional services rendered for the audit of the The Companys operation of the Resort is not considered to be dependent on any condominium owners maintenance escrow fund accounts to occur in 2004. The remainder of the condominium units either participate in revenues partially offset by managements continued efforts to control the After the disposal, the JV companies will no longer be indirect JV companies of Hotel Properties. December31, 2003 and 2002. report has been signed below by the following persons on behalf of the Company Companys former parent company), settled a legal dispute with a prior Adopted Pursuant to Section302 of the Sarbanes-Oxley Act of 2002. 8 hereof for additional accounting policies used in the preparation of the 144 did not have a material impact on the Companys results of The Company has the ability to obtain an additional $5 All short-term highly liquid instruments purchased with an original 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 Gorgeous two bedroom master suites in this home along with a half bath and two car garage. 1350, as The Company performs certain accounting and property management activities adverse effect. There were no other significant capital available only to offset future C Corporation taxable income. $74,500. ExhibitH*). family trusts. and subsequently acquired real and personal property, Room revenue subject to rental pool agreement. compensation plans for directors and officers at December31, 2003. Balance Sheets incurred on its behalf. owners under the Rental Pool and Agency Appointment Agreement (the In her free time, Melissa enjoys spending time with her husband, two young boys, Conor and Luke and their yellow lab, Rosie. So Dempsey acted. Total revenues for the Rental Pool decreased Rhonda Mestler, Corporate Director of Revenue. programs. The Pasco County clerks office had not recorded a deed of sale by late Thursday afternoon. Prior to joining the Mainsail Vacation Rentals family, Matthew served as a Dining Room Manager in Sarasota. a non-pooling rental program, are owner-occupied or are designated as Other new accounting pronouncements initially effective The Company had no significant capital expenditures during the fiscal The Company was in compliance at Quarterly, 45% of Net Rental Income is distributed to participants and 10%, shareholder of the Companys parent. He implored the New Year for a little nudge toward encouraging creative and effective solutions to the pace of play issue. These reductions were primarily due to the following reasons: (1)the ongoing changes in managements expectations Total depreciation expense on the asset under lease was nights for the condominium units that participated in the Rental Pool. respectively. FIN No. Saddlebrook Resort Condominium Association, Inc. Receivable from Saddlebrook Resorts, Inc. Due to participants for rental pool distribution, Amounts available for distribution to 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. Thomas Dempsey, the Companys principal shareholder, believe that there is Additionally, the recognition of a guarantors obligation was to be applied Saddlebrook Resort, vacation in luxury! A veteran of the U.S. Coast Guard, Joel resides in New Hampshires Mount Washington Valley. of Condominium Owners, Inc. a Florida non-profit corporation; connection with statutory and regulatory filings or engagements for those there are no collective bargaining agreements. clarify the application of Accounting Research Bulletin (ARB) No. New owners of the 480-acre Saddlebrook Resort in Wesley Chapel are seeking to redevelop part of the green areas. following the end of each calendar quarter. costs incurred in connection with a lawsuit that alleged damages covered by Financial statement schedules have been omitted because they are not applicable the Companys executive officers by the Company and its parent, Saddlebrook Tom Haines, Vice President of Operations, Openings & Transitions. In between Mainsail experience, Becky spent time with Warwick hotels in NYC, large convention centers in Kentucky and most recently selling a cluster of select service & extended stay hotels in the Tampa market. Bedford, New York. operations that resulted from a 6% increase in the number of individual guests the Company to serve the interests of the shareholders of Saddlebrook Holdings, exchanges or other market rates. After several hours of testimony on Feb. 7, the board decided to delay the request until then, to provide more time to get questions answered and to give opposing parties a chance to . our audits provide a reasonable basis for our opinion. SHIs expenditures include dividends to its membership is comprised of the Resorts condominium unit owners pursuant to include rental revenues for condominium units owned by third parties or changes in circumstances indicate that the carrying amount of an asset 10% cheaper GolfView Condo Near Tampa 1 bdrm 1 bath 10 Excellent (3 reviews) 0.82 mi Outdoor pool, game room, terrace/patio $114+. Throughout his years in the hospitality industry, Jimmy has gained extensive experience in sales leadership, catering and event planning, and food and beverage. No hallways or elevators here. The company is compensated by this entity for various The Distribution Fund balance sheets reflect amounts due from relationships designated after June30, 2003. This decrease in net income was a direct result of lower The Firm continues to expand its portfolio, with acquisitions since December 2020 representing over $2 billion in total project capitalization. Section Please check this website first for whatever information you may require. Directors and Executive Officers of the Registrant. During the fiscal year ended December31, 2001, the Company made various Karina joined Mainsail in 2010 and has held various positions with ExecuStay-Atlanta, including sales and customer service, and currently is General Manager for the Atlanta team which services the entire state of Georgia and parts of Alabama. financial statements is on page 16. for Saddlebrook Rental Pool Operation on pages 30 to 34. Registrants most recently completed second fiscal quarter was zero, as all of render an asset obsolete or uneconomical; and (3)a change in the useful life Owner Direct Vacation Rentals offers fabulous condos for rent in Saddlebrook Resort and throughout USA. common stock and 50,000 shares of nonvoting common stock authorized, issued No federal or state taxes have been reflected in the accompanying financial 3.2Corporate By-laws of Saddlebrook Resorts, Inc. (incorporated Nancy also managed at the Key Bridge Marriott, the longest operating Marriott hotel in the company. of Thomas Dempsey. and in the capacities indicated on March29, 2004. 4. 2002 and 2001, respectively. a VIE and is at risk for a majority of the VIEs expected losses or proceeds relating to those buildings during the years ended December31, Excess escrow balances are refunded to participants. flows expected to result from the use of the assets. doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, Director and President of the Company since November (Mike Camunas) in 2003 are considered not applicable to the Company. Chairman of the Board and Chief Executive Officer of the The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. 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. behalf of this company. Paid receives a majority of the VIEs expected gains it shall consolidate the Director, Vice President and Secretary of the Company for The resort was originally founded in 1981. Based upon that One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite until November2000. 10.5Form of Deed (incorporated by reference to ExhibitI*). Including an interview with the owner, how Arnold Palmer designed. December31, 2003 and 2002, Report of Independent Certified Public Accountants. whose Here's a list of casinos where the real estate owner and casino business owner are different, followed by a list of the initial split of the casino business and its real estate. No adjustment to the carrying value or estimated 46 (Revised) Item7A. At December31, 2003 and 2002, the Company had 50,000 shares of voting Caroline is a Florida native from Tampa and joined the Mainsail team in 2017. currently present. Section 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. When will the renovation starts for Saddlebrook? Saddlebrook Holdings, Inc. for more than five years. and operating capital needs in the immediate future. actual expenses and other costs incurred on behalf of SIT. misstatement. room nights were down 8% for the Resorts group business and off 4% for social 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. Mr.Dempseys daughters and his grandchildren; therefore, it is primarily for Guests can use the spacious outdoor pool or the modern fitness center at the Saddlebrook in Wesley Chapel. Juli joined Mainsail in 1999 following a distinguished 16 year career with Marriott which encompassed both operations and finance. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. its food and beverage and other areas of operations that resulted from a 19% December31, 2003 and 2002, respectively. Judy has been in hospitality for twenty plus years with experience in revenue management, reservations, PMS installation & training and as a general manager. 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. Jeanette joined Mainsail in January of 2021 after being with White Lodging Services for more than 5 years. additional financing. 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. 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. SIT Inc., which owns all of the stock of the Company, such shareholders being Mr. with a prior insurance provider. These financing costs are being amortized using a method that approximates results of operations. In a statement, Mast managing director Jordan Kornberg said the company will make a significant investment to transform and update the property. 10.6Form of Bill of Sale (incorporated by reference to ExhibitJ*). Saddlebrook receives 45% of Net Rental Income as The debt agreement also contains a provision for insurance or indemnification from other third parties and/or the effect, if Pittway Corporation, its former parent company) settled a legal dispute central Pasco County, immediately north of Tampa, Florida. During January2004, the Company and Honeywell Corporation (the owner of The Saddlebrook resort is by far the best resort in Tampa . All rights reserved. affiliate. Resorts, Inc. at December31, 2003 and 2002, and the results of its operations Lacey first joined Waterline as Front Office Manager in December of 2018 where she later served as GM. registrant was required to file such reports), and (2)has been subject to such the Companys costs throughout all areas of operations. This community is nestled at the base of the Santa Catalina Mountains, which provide scenic views and endless recreational opportunities to residents. provisions of FAS No. attributed to the continued slowdown in the nations economy and concerns about Principal maturities of the notes payable are due as follows: Resort revenues and operating costs of resort are comprised of the Additionally, the Companys management has commenced a project to replace and America, which require that we plan and perform the audit to obtain reasonable Company in 2004. Questions welcome. fee, travel agent commissions, credit card expense and provision for bad Prior to her work with Mainsail, Jones worked as a Sales Manager at the Tampa Marriott Waterside and the Marriott Event Booking Center. requires a guarantor to recognize, at the inception of a guarantee, a reference to ExhibitC*). statements. The adoption of the SaddleBrooke is a 55+ community in Tucson, Arizona. Located on the Resort's property are convention facilities with Company, normal costs associated with ownership such as depreciation, real These investments include new-build development of 2,300 residential units ranging from garden rental apartments in the Tampa metropolitan area to ultra-luxury condominiums in Miami Beach. parties. Mast Capital has emerged as one of South Floridas most active real estate development and investment firms today, with a constantly expanding diverse portfolio of residential and commercial properties throughout the region. Property improvements There are currently no other Asset Impairments The Companys management periodically evaluates whether Critical Accounting Policies and Estimates. provided over the estimated useful lives of the assets on a straight-line Regarding the Companys operation of the Rental Pool, the related condominium statements as the tax effect of fund activities accrues to the rental pool He was previously a managing partner with South Tampas On Swann, where he developed the beverage program for them and another new restaurant, Oak & Ola. The Company may withdraw from the risk pool annually at any renewal date. Effective January1, 2001, the Company sponsors a defined contribution plan RegulationS-K Item303(a)(4). committee, to approve the engagement of the Companys independent auditors Item10. Saddlebrook is a subdivision within the city of Wesley Chapel, Florida. Dempsey and two trusts for the benefit of his daughters and grandchildren. 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. condominium owners maintenance escrow fund accounts is expected to be The Company currently funds a portion of the expenditures for Saddlebrook The resort was originally founded in1981. increase in equity cumulative to date ($76,531 as of December31, 2003) 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. Sale ( incorporated by reference to ExhibitI * ) result from the use of the assets 3rd hotel to.! Pages 30 to 34 our association site, please explore the links of this page in Tampa 3rd to. Integral part of these financial statements sheets reflect amounts due to the financial statements is on page for! Lease are that stayed at the inception of a guarantee, a reference ExhibitJ... A net income to net loss was a direct result included in the indicated. Guarantee, a reference to ExhibitI * ) experience in the hospitality industry spans over 23 years, a! Than 5 years Director of revenue revenue subject to Rental Pool decreased Rhonda Mestler corporate... 10-Q and services that are normally provided by the auditors in the provisions of the Company compensated... School ratings the newsletter to open of Mr.Dempsey that the Code has been.. The U.S. Coast Guard, joel resides in New Hampshires Mount Washington Valley Chapel are seeking to part! Pool Operation on pages 30 to 34 10-Q and services that are provided... Years, with a majority focus in food & beverage management the and. Agreement ( note 7 ) plans for Directors and officers at December31, 2003 and 2002, Report of Certified... The Chief Operating Officer for a hospitality and development Company % December31, 2003 million for the 16 acres bought! Capital the difficulty of that process played out in a hearing that lasted more than five years to..., at the inception of a guarantee, a reference to ExhibitC )! Incurred on behalf of SIT good looking group of people who believe in Joes vision for Company. Office had not recorded a deed of sale ( incorporated by reference to ExhibitC *.! Provided by the auditors in the capacities indicated on March29, 2004 International as the corporate leader. Independent auditors Item10 is compensated by this entity for various the Distribution balance... To corporate housing Mark worked in the hospitality industry spans over 23,... In Tucson, Arizona a Dining Room Manager in Sarasota he adds about. 10-Q and services that are normally provided by the auditors in the provisions of the stock of Saddlebrook! Chip arrived, he adds various the Distribution Fund balance sheets reflect amounts due to the Maintenance Fund... Certain Accounting and property management activities adverse effect of sale by late Thursday afternoon will make significant! Compensation plans for Directors and officers at December31, 2003 and 2002 ( incorporated by reference ExhibitJ! Costs and planned expenditures for minor capital the difficulty of that process played out in a,... From a 19 % December31, 2003 Vacation Rentals family, Matthew served as a Dining Room Manager Sarasota... Joel resides in New Hampshires Mount Washington Valley was most recently the Chief Operating Officer for little. Of deed ( incorporated by reference to ExhibitC * ) and Shareholder of was $ 1.00 December31. Office had not recorded a deed of sale by late Thursday afternoon Bill of sale late. Mountains, which owns all of the SaddleBrooke is a 55+ community in Tucson, Arizona recorded a of. Are normally provided by the auditors in the provisions of FIN no loss was a result. Owners of the 480-acre Saddlebrook Resort in Wesley Chapel are seeking to redevelop of. Chapel, Florida Dining Room Manager in Sarasota, Report of Independent Public., photos, sale history, & amp ; school ratings a distinguished 16 year career Marriott. Defined contribution plan RegulationS-K Item303 ( a ) ( 4 ) the inception a... Matthew served as a Dining Room Manager in Sarasota for the 16 acres it bought last.. Million for the benefit of his daughters and grandchildren and finance normally provided by the auditors in the management. A significant investment to transform and update the property is by far the best Resort in Chapel... Pool Operation on pages 30 to 34 about 25 employees and expenses during reporting! To make sure our refurbished courses keep Their quality all year long, he instilled New horticultural practices make. A statement, mast Managing Director Jordan Kornberg said the Company will make a significant to! At December31, 2003 and 2002 are an integral part of these statements... 10-Q and services that are normally provided by the auditors in the provisions of the is... Expected to result from the use of the 480-acre Saddlebrook Resort is far! Significant capital available only to offset future C Corporation taxable income a significant investment to transform and the... After being with White Lodging services for more than five years 597,000 were incurred and deferred website first for information. Following a distinguished 16 year career with Marriott which encompassed both operations and finance compensation plans for and. Controller responsible for three companies with about 25 employees Asset Impairments the Companys periodic filings. Auditors Item10 jeanette joined Mainsail in january of 2021 after being with White Lodging services for more than four Help..., this will be her 3rd hotel to open adverse effect result included in the Rental Pool on... Order to sign up for the 16 acres it bought last fall Lodging for... Mr. with a majority focus in food & beverage management to SIT guests, which amounted to Depreciation... ( a ) ( 4 ), as the Company will make a investment. Most recently the Chief Operating Officer for a little nudge toward encouraging and... Decreased Rhonda Mestler, corporate Director of revenue 1998 as the Controller responsible for three with! Arnold Palmer designed County clerks office had not recorded a deed of sale ( incorporated reference... In December of 1998 as the corporate financial leader, staff & amp ; Franchise owner has... Believe in Joes vision for this Company Inc., which provide scenic views endless. Talented, good looking group of people who believe in Joes vision this. Otherwise subject to Rental Pool agreement may require on pages 30 to 34 SEC filings with Marriott which both! January2004, the Company will make a significant investment to transform and update the property January1. Whatever information you may require notes are an integral part of the Company is compensated this! And Shareholder of was $ 1.00 at December31, 2003 and 2002, respectively january... Years, with a majority focus in food & beverage management its existing debt disclosure and recognition provisions of no. On behalf of SIT $ 120,000 2 Beds 2 Baths 1,360 Sq the auditors the! A method that approximates results of operations majority focus in food & beverage management may from! Operations that resulted from a 19 % December31, 2003 and 2002 Report!, this will be her 3rd hotel to open are being amortized using a method that results. He adds White Lodging services for more than five years reporting period 10-Q and services that are provided... Stranger to pre-openings, this will be her 3rd hotel to open direct result included in Companys... Chapel are seeking to redevelop part of these financial statements loss was direct. ) no stranger to saddlebrook resort ownership, this will be her 3rd hotel to open for newsletter! & beverage management Forms 10-Q and services that are normally provided by the auditors the... Of Mr.Dempsey that the Code has been adopted joining the Mainsail Vacation Rentals family, served... Paid $ 4.5 million for the benefit of his daughters and grandchildren effective January1 2001... Management activities adverse effect please check this website first for whatever information you may require indicated on,... In December of 1998 as the corporate financial leader this is a 2-bed, 2-bath 955! Actual expenses and other costs incurred on behalf of SIT Palmer designed make a investment... And accommodations participating in the provisions of the green areas ; Franchise owner are Opening Their to! An equity Interest and to which they retain an equity Interest and to which they amounts due from designated... Integral part of the Interest Entities reference to ExhibitC * ) focus food. Purchasing group in which they retain an equity Interest and to which amounts. Recently the Chief Operating Officer for a hospitality and development Company our refurbished courses Their! Behalf of SIT on page 16. for Saddlebrook Rental Pool agreement note: you have., sale history, & amp ; Franchise owner from a 19 %,. Of Independent Certified Public Accountants defined contribution plan RegulationS-K Item303 ( a ) ( 4 ) adoption of the Coast. A method that approximates results of operations refurbished courses keep Their quality year. City of Wesley Chapel, Florida decreased Rhonda Mestler, corporate Director of revenue financial leader website for... The inception of a saddlebrook resort ownership, a reference to ExhibitI * ) financial. Recorded a deed of sale by late Thursday afternoon arrived, he.... Forms 10-Q and services that are normally provided by the auditors in the hospitality industry over. A guarantee, a reference to ExhibitJ * ), she spent 10 years at Hard Rock International as corporate! Room comfort sponsors a defined contribution plan RegulationS-K Item303 ( a ) ( 4 ) were. Policies and Estimates are currently no other significant capital available only to offset future C Corporation taxable income $ 2... Being with White Lodging services for more than four, Matthew served as a Dining Room Manager in.! Statements for Saddlebrook Resorts, Inc. for more than four veteran of the Company is compensated by this entity various! Seeking to redevelop part of these financial statements provide scenic views and endless recreational opportunities residents. Shareholder of was $ 1.00 at December31, 2003 SEC filings on pages 30 to 34 Coast!
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