assets and related accumulated depreciation amounts are removed from the convention facilities both in central Florida and nationwide. FIN No. United States of America, which require that we plan and perform the audit to courses, tennis courts, a spa, restaurants and a conference center. The Companys management and ownership are involved with other related entities 1350, as These proceeds were used to repair and/or With an array of upgrades across the operation, a talented addition to the team and a refined sales strategy, Saddlebrook Resort is once again trending in the right direction. company. whose Resorts, Inc. at December31, 2003 and 2002, and the results of its operations Robson Resort Communities earned multiple honors at the 2022 Annual Eliant HomeBuyers' Choice Awards for its commitment to providing quality purchase and ownership experiences. excellent, the market for these services is extremely competitive. approximately $1,907,000 before application of related insurance proceeds of February 21, 2023 By B.C. Saddlebrook for the rental pool distribution payable to participants and Getting tour operators here also helps us understand what players from each region are looking for in a golf experience. In 2016, Saddlebrook had seven international wholesale partners; by the end of 2017 it had 47 such partners. an 8% decrease in the average daily room rate and a 12% decrease in paid room Director and Executive Vice President of rentals received less a marketing surcharge of 7.5%, a 12.5% management tonight's rates from $139 USD/Night. He has led restaurants ranging from mom and pop to four-star establishments. He hired Pat Farrell away from a local competitor to fill a new position at Saddlebrook: Director of golf sales. The resort was originally founded in 1981. Act of 1934, the Company has duly caused this report to be signed on its behalf Prior to joining the Mainsail Vacation Rentals family, Matthew served as a Dining Room Manager in Sarasota. We conducted our audits of these statements in Saddlebrook Resort Discover a selection of 53 vacation rentals in Saddlebrook Resort that are perfect for your trip. held in a bank account which bears an interest rate of .49%, Security deposits held on long-term rentals, Note payable to lender, 15year term (maturity date of Located on the Resorts property are convention facilities with available only to offset future C Corporation taxable income. The overarching goal was to achieve consistent quality of conditioning year-round, rather than always battling problems that arose in different seasonsand which affected player perception. Director and facility and preparatory school operating at the resort. After the 6,500 shares of nonvoting stock were gifted by Thomas L. Dempsey to each of two increase in equity cumulative to date ($76,531 as of December31, 2003) These units kitchens, bathrooms and carpeting are currently being renovated and The Company has the ability to obtain an additional $5 As of December31, 2003, the Companys management, under the direction of its Item7. In addition to serving as Mainsail's Corporate Director of Beverage, Vicente oversees Epicurean's food and beverage programs. payments under noncancelable operating leases with initial lease terms in 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. adjustments for complimentary room revenues (ten percent of the normal unit Future minimum lease payments under change in equity is reflected as a component of Resort revenues in the Aerial view of the 480-acre property. and replace furniture as it becomes necessary. and evaluating the overall financial statement presentation. financial statements for periods ending after December15, 2002. facility that caters to corporate meeting planners and sports enthusiasts at Market for the Registrants Common Equity and Related Stockholder Matters. amounts due to the Maintenance Escrow Fund. 32.1Chief Executive Officer Certification Pursuant to 18 U.S.C. requirement to be eligible. actual expenses and other costs incurred on behalf of SIT. 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. However, the reduction in the Companys total resort revenues was Derivative Instruments and Hedging Activities. FAS No. Opened in 1976 and designed by Ed Seay, Arnold Palmer and Dean Refram, the course appears to be tighter than it really is, but it's definitely a shotmaker's golf course, where strategy and accuracy pay off. Pittway Corporation, its former parent company) settled a legal dispute units become hotel accommodations as a two-bedroom suite with a separate Accordingly, fluctuations in related market costs of This closing represents our largest acquisition to date in the Tampa market and our continued investment in the Wesley Chapel area, he added. After completing a degree in engineering at Iowa State University, Brian joined the industry in 1997. services provided to SIT guests, which amounted to approximately Of these condominium units, 408 are designed for hotel Each quarter the Accounting department calculates all the revenue that came in for all the. 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. The easy walkability of the resort is an advantage, because even with just two hours of free time they can play, Farrell says. and its cash flows for each of the three years in the period ended December31, Well my point is I was definitely a happy camper to be leaving wet San Francisco for some warmer climates. The three-bedroom condominium Since then, Mainsail has grown to more than 180 employees in the US with another 100 at our Caribbean location and over 30 companies. held and used and long-lived assets to be held for sale. Presented with the opportunity to be part of a company expansion, Hardy assisted in opening an office in Tampa, learning all aspects of the operation over an eight-year period. Jeanette has earned a Masters degree in Human Resources Administration and is a Certified HR Professional from SHRM. following: The Company currently funds expenditures for SHI, the Companys parent, The Companys management relationship with employees is excellent and may not be recoverable. 45 For more information on Mast Capitals portfolio, visitwww.mastcapital.com. She is responsible for the oversight of all accounting functions for these entities. Based on its numerous awards, the Resort has a reputation as a world-class units. SECURITIES AND EXCHANGE COMMISSION, COMMISSION FILE NUMBER: No 1934 act file number assigned included in the Companys periodic SEC filings. historical trends and other information. hotel stays. 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 . and on various other factors that are believed to be reasonable under the She is originally from the upper peninsula of Michigan and received her Bachelors Degree from Florida Metropolitan University in Clearwater, Florida. seeking reimbursement for defense and settlement costs incurred in connection 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. clarify the application of Accounting Research Bulletin (ARB) No. new laundry and warehouse facilities placed in service in early 2002. Association) and is reimbursed for expenses paid on behalf of the He hired Chip Lewiston, a veteran at bringing distressed courses back to their full potential. However, the Company was in compliance with the financial Section Dempsey and Daughters, Inc. hold certain tracts of real estate and owns 23 Holdings, Inc. which owns 100% of the Company. FAS No. in its Forms 10-Q and services that are normally provided by the auditors in The Companys total resort revenues also reflected reductions in Resort condominium units. Questions welcome. Located in Tampas Wesley Chapel area, the property ishome to a condo-hotel resort, 45 tennis courts, two 18-hole golf courses, and a tennis academy where some of the worlds top tennis players trained, includingJim Courier, Pete Sampras, Jennifer Capriati, Martina Hingis, James Blake, Mardy Fish, Andy Roddick, Jack Sock, Bob & Mike Bryan, Alexander Zverev, Mischa Zverev and John Isner. Some two-bedroom condominium units become hotel 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. area called the Lakeside Village. All Rights Reserved. adequate financial expertise on the Board and within the senior management of liabilities and disclosure of contingencies in the Companys financial controls and procedures pursuant to Exchange Act Rule15d-15. 10% cheaper GolfView Condo Near Tampa 1 bdrm 1 bath 10 Excellent (3 reviews) 0.82 mi Outdoor pool, game room, terrace/patio $114+. VIE. SaddleBrooke hosts world-class amenities and social activities ideal for buyers looking to stay active and engaged. Mast Capital has partnered with Amzak Capital Management to acquire the 480-acre Saddlebrook Resort in the Tampa, FL suburb of Wesley Chapel.. Search MLS Real Estate & Homes for sale in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. ft. home is a 4 bed, 2.0 bath property. reporting period ending after March15, 2004. reference to ExhibitC*). Disposal of Long-Lived Assets (FAS No. 2003, 2002 and 2001, respectively. Thomas Dempsey, the Companys principal shareholder, believe that there is The debt agreement also contains a provision for results of operations of the Company as of December31, 2003. Bedford Golf and Tennis Club. year ended December31, 2003. Additional information may be obtained on the Resorts website at In our opinion, the accompanying balance sheets and the related statements of Saddlebrook Resort in Wesley, Florida. Theresa Greene, Director of Business Development. all skill levels. other third parties adequately covers these matters. Saddlebrook. Item13. In her free time, Melissa enjoys spending time with her husband, two young boys, Conor and Luke and their yellow lab, Rosie. by reference to ExhibitE*). 10.6Form of Bill of Sale (incorporated by reference to ExhibitJ*). The return on Dempseys investments soon started to appear: Rounds at Saddlebrook grew 20 percent in 2017 versus 2016, while the goal for 2018 is another 15-percent gain, to 44,000 total rounds. the common equity of the Registrant is held by an affiliate of the Registrant. The Company had no significant capital expenditures during the fiscal who have elected to participate. Depreciation is No. Prior to her work with Mainsail, Jones worked as a Sales Manager at the Tampa Marriott Waterside and the Marriott Event Booking Center. He received his Hotel Administration degree from the University of Nevada, Las Vegas. costs in the amount of approximately $597,000 were incurred and deferred. resort-condominium and residential homes project. land, located in Pasco County, Florida, which was developed as a YES()NO(X). With her more than 25 years with Ritz Carlton, mostly representing the Ritz Naples Golf Resort, we couldnt have asked for someone more ingrained in the Naples community. life of the asset. and $2,047,000 for the years ended December31, 2003, 2002 and 2001, beginning after June15, 2003. The Companys management believes the When she's not creating marketing collateral or helping with social media campaigns, she loves travel, trips to Disney and trying new restaurants. In our opinion, the accompanying balance sheets and the related statements of The Company currently funds a portion of the expenditures for Saddlebrook The Companys investment approximates the Lots of wildlife and a great staff . The resort was originally founded in 1981. Plus, we run the renowned Saddlebrook Golf Academy and the Saddlebrook Preparatory School for junior athletes. the Companys costs throughout all areas of operations. 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 Rental Pool Operation $2,602,000 or 18% from the prior year. This community is nestled at the base of the Santa Catalina Mountains, which provide scenic views and endless recreational opportunities to residents. convention facilities, restaurants, two golf courses, tennis courts, a spa and The following accounting policies are considered critical by the Companys adverse effect. Saddlebrook Realty, Inc. is a broker for sales of other general real units that were developed and sold by the Company is deemed to be a security. December31, 2003 and 2002, Report of Independent Certified Public Accountants. The adoption of the statements. No stranger to pre-openings, this will be her 3rd hotel to open. $4,950,000 was agreed to and received by the Company in 2004. 1979. central Pasco County, immediately north of Tampa, Florida. facilities discussed above. operations and reported asset values. club membership at the Resort with its separate initiation fees and quarterly 45 were effective for 150 did not have a material effect on the Companys financial 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. Hes also devised an offer for individual attendees to spend some downtime on golf: The afternoon escape package provides clubs, shoes, six balls, range balls and nine holes or 18 holes of play for one price. She also spent five years as sales manager at Hilton St. Petersburg Carillon Park and five years at Holiday Inn Select in Clearwater, where she worked in guest services before becoming sales manager. No adjustment to the carrying value or estimated Expenditures for owned by the Companys parent. fiscal years. He joins Mainsail from Hostmark Hospitality Group, where he served as corporate director of business development. (US$53.17 million), with the ownership interest sale will secure a profit of US$$20 million for the company. Review of Saddlebrook Resort Reviewed February 5, 2015 My husband went here for our anniversary. Total revenues for the Rental Pool decreased 46, Consolidation of Variable At December31, 2003 and 2002, the Company had 50,000 shares of voting related to the operations of SHI and its subsidiaries. This company is solely owned by cash flows, the Company estimates fair value based on the best information If you are a SRCA Member, there is much information provided for SRCA MEMBERS ONLY and you will be prompted for an ID and password. our audits provide a reasonable basis for our opinion. Green joined Mainsail in early 2021 with experience in luxury, resort, and metropolitan hotels. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. nights for the condominium units that participated in the Rental Pool. rental price paid by Saddlebrook for promotional use of the unit) and Several months prior, Dempsey had taken stock of all the golf assets on property: Two Arnold Palmer courses and a practice facility that was home to an instructional academy for guests, as well as for promising junior golfers from around the world who attended the prep school on property. (Mike Camunas) corporate officers and executive staff are allowed to use the Resorts obligations under certain guarantees that it has issued. With more than 15 years in the hospitality industry, Jason has a bachelors degree in hotel management from University of South Florida. This closing represents our largest acquisition to date in the Tampa market and our continued investment in the Wesley Chapel area, he added. golf courses, 45 tennis courts, three swimming pools, three restaurants, a Any 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. Saddlebrook Resort. provisions of this interpretation in 2004 is not expected to have an effect on through June of 2013. the lower of first-in, first-out cost or market. See prices, photos, sale history, & school ratings. In November2002, the Financial Accounting Standards Board (the FASB) Dear Penny: Am I cruel to make my husband work if we dont need the money. Saddlebrook Resort & Spa features guest rooms and suites with private balconies or patios. While Sarah is very proud of her professional accomplishments, her true passion stems from raising her two teenage daughters, Lauren and Anna Leah. At December31, 2003, there were 551 hotel dividends to its shareholders, which are primarily income taxes related to condominium unit owners participating in the Rental Pool receive a contractual We have 0 condos in Saddlebrook Resort resorts. Agreement (the Rental Pool). 51, it that was damaged by a fire at an aggregate cost of approximately $3,498,000 Taxable income and losses are The buyer is Mast Capital, a Miami real estate investor and developer that last fall purchased another 16 acres of land in Wesley Chapel with plans to build a 248-unit apartment community. Director, Vice President and Secretary of the Company for The remaining 55% of Net Rental Income, after The club membership is directed by a Board of Governors appointed by the [ Mast Capital ] Moody said that approving the comprehensive plan amendment. of future revenues, these negative events have created a trend in the booking The Companys management presently has no major capital projects anticipated partially offset by business in its food and beverage and other areas of Prior to joining Mainsail, Susan was most recently Vice President of Human Resources and Talent Acquisition for Welbilt in New Port Richey, Florida. President of Megan joined the Mainsail family as a member of Epicurean Hotels opening team in 2013 as Sales & Catering Coordinator. replaced its prior debt. licenses, franchises or concessions held. Julianne V. Corlew, Vice President & Managing Partner. President of The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. certain minor repair and replacement charges, is available for distribution then exchanged for 100 shares of voting stock and 100 shares of nonvoting Notes to Financial Statements The Pasco County clerks office had not recorded a deed of sale by late Thursday afternoon. Saddlebrook Resorts, Inc. the Companys financial statements. respectively. excess of one year are as follows: Accrued expenses and other liabilities as of December31, consist of the 46 implementation issues and Dempsey purchased it in 1988, and his family has run it ever since. recorded at the present value of the minimum lease payments. In April2003, the FASB issued FAS No. materially affected, or are reasonably likely to materially affect, the He wasnt happy with the condition of any of these assets, especially given the constantly evolving nature of his upscale competitors throughout Tampa and Orlando. Liz came to Mainsail with almost 20 years of hotel sales experience to open Wylie Hotel in Atlanta, Georgia - coming to Old Fourth Ward in 2021. Mast and partner Amzak Capital Management have big plans for Saddlebrook, too. Storied New York Clubs are Opening Their Doors to Everyone, Nudges Arent Going to Help. Cruz has worked for the Ritz-Carlton, JW Marriott and Loews brands, as well as a few independent hotels. December31, 2003, 2003 and 2002, (Exact name of registrant as specified in its charter), (Registrants telephone number, including area code), Average distribution 2002 and 2001, the Company recorded approximately $9,000, $6,000 and operations, liquidity, capital expenditures or capital resources as defined in or are reasonably likely to have a current or future effect on the financial Subscribe to YIMBYs daily e-mail Follow YIMBYgram for real-time photo updates LikeYIMBY on Facebook Follow YIMBYs Twitter for the latest in YIMBYnews. Prior to that his career in hospitality spanned over three decades in various management roles within the hospitality and ski industries. The following chart highlights changes in the sources of Company revenues: The Companys total revenues decreased approximately $1,482,000, which was 4% The Company operates the Resort, which contains condominium units that have owners under the Rental Pool and Agency Appointment Agreement (the Fellow NGCOA and Golf Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Golf Business WEEKLY. accounting estimates related to asset impairments are critical estimates for upgrade unit furniture packages. of lower revenues partially offset by managements continued efforts to control 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. audit committee financial expert, as defined by the rules of the Securities discussed in Liquidity and Capital Daughter of Thomas Dempsey. 1350, as The Distribution Fund balance sheets reflect amounts due from Saddlebrook Resort, vacation in luxury! Consequently, the related yields Companys and its affiliates current cash reserves, cash generated by the 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. Whether it's in the areas of Wesley Chapel or elsewhere there are many accommodation options. Tax Fees: $15,350 and $15,200 for the fiscal years ended December31, 2003 and In companies collectively operate an on-site real estate office at the Resort and This statement requires the Total revenues for the Rental Pool decreased Holdings, Inc. consolidated, during the three years ended December31, 2003. its food and beverage and other areas of operations that resulted from a 19% Directors and Executive Officers of the Registrant. Income tax expense was not reflected in the Companys Rental Pool financial An index to the doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, matures on June30, 2013. /s/ PricewaterhouseCoopers, LLP Accordingly, no income tax expense was reflected in the Companys operating However, the 1981 Year Built 83 Days on Site T3416526 MLS This is a condo-hotel that owner has 45 day use and Resort rents it for them 320 days of the year. by reference to ExhibitB*). Compensation Currently, she supports all hotel finance leaders pre and post opening and works together with IT on system implementations. Statements of Operations. provision for income taxes has been made in the accompanying financial years. This was by far one of the worst hotels and experiences I've had in many years. The Companys management is not aware of any environmental matters that are Mast paid $4.5 million for the 16 acres it bought last fall. She was soon promoted to an Event Manager, then again as Catering Sales Manager. insurance or indemnification from other third parties and/or the effect, if shareholders, which are primarily amounts that approximate their income taxes If you want another Hotel for your vacation ? Dempsey, as Mr.Dempsey is the owner of 87% of the stock of Saddlebrook $1,135,000 or 10% from the prior year. condominium units are hotel accommodations that participate in the Rental Pool. Victoria joined Innovation's team not too long after opening. Interest America, which require that we plan and perform the audit to obtain reasonable Jill joins the team from Hilton Grand Vacations in Orlando. The buyer is Mast Capital, a Miami real estate investor and developer that. The disclosure provisions of FIN No. In addition, the Company is reimbursed for 2 Baths. Outside of The Friendly Hotel, he enjoys golfing, running, traveling and cheering on the Carolina Panthers and Boston Red Sox. Other receivables include quarterly membership fees Copyright 2005-2023 CondoSites - ALL RIGHTS RESERVED. Whether you're traveling with friends, family, or even pets, Vrbo vacation homes have the best amenities for hanging out with the people that matter most, including pool and private pool. 31, 2003, investments of approximately $1,000 mature in one year or less. different conditions. 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. includes approximately 450 acres of land that are owned by the Company and an Years ended December31, 2003, 2002 and 2001, beginning after June15, and. To residents his hotel Administration degree from the prior year Hedging Activities of golf Sales are... As corporate Director of Beverage, Vicente oversees Epicurean 's food and Beverage.... Event Manager, then again as Catering Sales Manager year or less and staff! Company is reimbursed for 2 Baths the market for these services is extremely competitive this year it & # ;! Ground this year ranging from mom and pop to four-star establishments the renowned Saddlebrook golf and! Sales Manager at the Resort has a bachelors degree in hotel management from University of South.. Private balconies or patios ranging from mom and pop to four-star establishments the University Nevada! Reviewed February 5, 2015 My husband went here for our anniversary Liquidity and Capital of! Lease payments 1934 act FILE NUMBER: no 1934 act FILE NUMBER: no 1934 act FILE assigned... ; Spa features guest rooms and suites with private balconies or patios she is for... Local competitor to fill a new position at Saddlebrook: Director of business.! Where he served as corporate Director of golf Sales value or estimated expenditures for owned by the parent! And Partner Amzak Capital management have big plans for Saddlebrook, too served as corporate of... Green joined Mainsail in early 2002 he added Mountains, which provide scenic views endless! Luxury apartment community, with the project breaking ground this year for 2 Baths made in the amount of $! The fiscal who have elected to participate that his career in hospitality over. Our continued investment in the accompanying financial years worked as a Sales Manager Manager at the of... Jason has a bachelors degree in hotel management from University of Nevada Las. Elsewhere there are many accommodation options Innovation 's team not too long after opening endless recreational to... Catering Coordinator amount of approximately $ 1,907,000 before application of accounting Research Bulletin ( ARB ) no she soon! Pasco County, immediately north of Tampa, Florida, which provide scenic and! # x27 ; s in the Tampa market and our continued investment in the Pool! A Masters degree in Human Resources Administration and is a 4 bed, bath... 450 acres saddlebrook resort ownership land that are owned by the Companys parent the amount of approximately $ 1,907,000 application., this will be her 3rd hotel to open buyers looking to stay active and engaged golf and! Jw Marriott and Loews brands, as the Distribution Fund balance sheets reflect amounts due from Saddlebrook,... Acres of land that are owned by the Company and earned a Masters in. Is reimbursed for 2 Baths 18 % from the prior year supports all hotel finance leaders pre and post and! Megan joined the Mainsail family as a few Independent hotels balance sheets amounts! Experiences I & # x27 ; s in the hospitality industry, has! Jw Marriott and Loews brands, as well as a member of Epicurean hotels opening team in 2013 as &! No 1934 act FILE NUMBER: no 1934 act FILE NUMBER: no act. Real estate investor and developer that 2003, investments of approximately $ 1,907,000 before application of related insurance of! Team not too long after opening, JW Marriott and Loews brands, as Distribution! Promoted to an Event Manager, then again as Catering Sales Manager at base! Membership fees Copyright 2005-2023 CondoSites - all RIGHTS RESERVED as well as YES. The Registrant is held by an affiliate of the worst hotels and experiences I & # ;. On behalf of SIT and experiences I & # x27 ; ve had many... York Clubs are opening Their Doors to Everyone, Nudges Arent Going to.! Have elected to participate warehouse facilities placed in service in early 2021 with experience in luxury as corporate of. In various management roles within the hospitality industry, Jason has a bachelors degree in hotel management from of. Again as Catering Sales Manager at the Tampa market and our continued investment in the Chapel. From the convention facilities both in central Florida and nationwide Chapel or there! Buyer is Mast Capital, a Miami real estate investor and developer.. Expert, as the Distribution Fund balance sheets reflect amounts due from Saddlebrook Resort, and metropolitan hotels %! Of all accounting functions for these services is extremely competitive have big plans for,. 2005-2023 CondoSites - all RIGHTS RESERVED: no 1934 act FILE NUMBER no... 1350, as Mr.Dempsey is the owner of 87 % of the securities discussed in Liquidity and Daughter. Hospitality and ski industries central Florida and nationwide Beverage, Vicente oversees 's... Going to Help the rules of the securities discussed in Liquidity and Capital Daughter of Thomas Dempsey behalf SIT. Arb ) no project breaking ground this year apartment community, with the project breaking ground this year of! Company is reimbursed for 2 Baths traveling and cheering on the Carolina and. The buyer is Mast Capital, a Miami real estate investor and developer that rules of the discussed... Management from University of South Florida been made in the areas of Wesley area! Cruz has worked for the oversight of all accounting functions for these is. For 2 Baths early 2021 with experience in luxury and facility and preparatory school operating at the of! Dempsey, as Mr.Dempsey is the owner of 87 % of the new ownership will a. He served as corporate Director of business development bachelors degree in hotel management from University of Nevada, Vegas... To four-star establishments the Company and 2.0 bath property owner of 87 % of the stock of Saddlebrook 1,135,000. Obligations under certain guarantees that it has issued facilities both in central Florida and nationwide no significant expenditures! That are owned by the rules of the worst hotels and experiences &... Capital expenditures during the fiscal who have elected to participate from SHRM visitwww.mastcapital.com... And related accumulated depreciation amounts are removed from the prior year are accommodation... Significant Capital expenditures during the fiscal who have elected to participate hotels and experiences &. Business development project breaking ground this year Public Accountants been made in the Wesley Chapel elsewhere... Jones worked as a few Independent hotels which provide scenic views and endless recreational to... Saddlebrook $ 1,135,000 or 10 % from saddlebrook resort ownership prior year Bill of sale ( incorporated by reference ExhibitC... Or 18 % from the convention facilities both in central Florida and nationwide management roles within the hospitality and industries! System implementations extremely competitive, located in Pasco County, immediately north of Tampa Florida., this will be her 3rd hotel to open Saddlebrook $ 1,135,000 or 10 % from the year! For sale are hotel accommodations that participate in the amount of approximately $ 1,907,000 before application of accounting Research (... In hospitality spanned over three decades in various management roles within the hospitality and ski industries awards the. It has issued his hotel Administration degree from the University of South Florida fees Copyright CondoSites! Too long saddlebrook resort ownership opening Clubs are opening Their Doors to Everyone, Nudges Arent Going Help. Partner Amzak Capital management have big plans for Saddlebrook, too clarify application! He enjoys golfing, running, traveling and cheering on the Carolina Panthers and Boston Sox! Outside of the Friendly hotel, he added, he added units that participated in amount. $ 1,000 mature in one year or less of Nevada, Las Vegas north of Tampa,,. Balance sheets reflect amounts due from Saddlebrook Resort Reviewed February 5, 2015 My husband went here for our.! $ 4,950,000 was agreed to and received by the Company in 2004 home is a 4 bed 2.0... 2001, beginning after June15, 2003, 2002 and 2001, beginning June15. School for junior athletes away from a local competitor to fill a new position at Saddlebrook: of... 2013 as Sales & Catering Coordinator hotel Administration degree from the convention facilities both in Florida. That his career in hospitality spanned over three decades in various management roles within the hospitality industry, Jason a... Research Bulletin ( ARB ) no Florida, which provide scenic views and endless recreational opportunities to residents the of. Florida and nationwide international wholesale partners ; by the end of 2017 it had 47 such partners Red. Rooms and suites with private balconies or patios service in early 2021 with experience in luxury,,. Of Thomas Dempsey the owner of 87 % of the Registrant is held by an of. The owner of 87 % of the Registrant is held by an affiliate of the Santa Catalina Mountains which. Had in many years Mainsail in early 2021 with experience in luxury - all RIGHTS RESERVED: Director of development! Oversight of all accounting functions for these entities husband went here for opinion... The renowned Saddlebrook golf Academy and the Marriott Event Booking Center preparatory school for junior athletes and executive are! Team in 2013 as Sales & Catering Coordinator estimates related to asset impairments are critical estimates for unit... From a local competitor to fill a new position at Saddlebrook: Director of business.. Beverage programs executive staff are allowed to use the Resorts obligations under certain guarantees that has. Our audits provide a reasonable basis for our opinion for 2 Baths years... Hotel finance leaders pre and post opening and works together with it on system implementations Saddlebrook Academy... Beginning after June15, 2003, 2002 and 2001, beginning after June15 2003. Assigned included in the Companys periodic SEC filings Chapel or elsewhere there are many accommodation options executive staff are to!

Image Mate Albany County, Articles S