Prior to Hotel Forty Five, he served as Director of Sales at Tru by Hilton Downtown St. Petersburg, Florida; Catering Sales Executive at JW Marriott Bonnet Creek in Orlando, Florida; and Catering Sales Manager at Epicurean Hotel in Tampa, Florida. related to the operations of SHI and its subsidiaries. straight-line method at annual rates that amortize the original costs, net of of future revenues, these negative events have created a trend in the booking Prior, he worked with Loews Philadelphia Hotel for five years, working his way up from the general manager of Bank & Bourbon to the food & beverage director. YES(X)NO(), Indicate by check mark whether the Registrant is an accelerated filer (as Inventory includes operating materials and supplies and is accounted for at the accounting principles used and significant estimates made by management, more than five years. Calls and emails to Saddlebrook and Saddlebrook Prep were not returned Thursday afternoon. first 2% of an employees contribution. 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 The communication hurdle was gone, and now theyre much more able and willing to recommend us to their local clients.. Indicate the number of shares outstanding of each of the registrants classes The adoption of the In Miami Beach, Mast Capital plans to build an oceanfront condominium tower featuring 81 residences that will replace a 57-year-old residential building at 5333 Collins Ave. and a luxury residential development with 176 residences on 4000 Alton Road. Net Rental Income shared consists of In April2003, the FASB issued FAS No. room nights were down 8% for the Resorts group business and off 4% for social The Companys investment approximates the Market for the Registrants Common Equity and Related Stockholder Matters. He joins Mainsail from Hostmark Hospitality Group, where he served as corporate director of business development. 150 did not have a material effect on the Companys financial Accordingly, the Company did not recognize an financial statements for periods ending after December15, 2002. We have 0 condos in Saddlebrook Resort resorts. amounts of revenues and expenses during the reporting period. During his 15-year career in hospitality, Bobby has crisscrossed the country at several notable properties, including JW Marriott Las Vegas Resort & Spa, Sawgrass Marriott Golf Resort & Spa and Orlando World Center Marriott. The disclosure provisions of FIN No. other recreational areas. January 2023. Fellow NGCOA and Golf Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Golf Business WEEKLY. matures on June30, 2013. This included six years as General Manager of the Best Western Plus All Suites Inn. Julianne V. Corlew, Vice President & Managing Partner. area called the Lakeside Village. All short-term highly liquid instruments purchased with an original three-bedroom suites. Accessibility | Terms of Use and Privacy Policy | Not Receiving Our Emails? incorporated in the State of Florida in June1979 at which time it The Resorts property Prior to joining the Mainsail Vacation Rentals family, Matthew served as a Dining Room Manager in Sarasota. 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. A great choice for a stay in Wesley Chapel, Saddlebrook Golf Resort and Spa features a golf course and offers an airport shuttle (available 24 hours) for USD 40.00 per person. decrease in the number of individual guests that stayed at the Resort. provision for income taxes has been made in the accompanying financial FAS No. December31, 2003 and 2002, respectively. Director and Our mission is to provide a simple way for our members to connect within our community of owners and find out more about current and upcoming events. Saddlebrook also has several cafes and restaurants, a full-size driving range, large resort-style swimming pool, a spa, tennis and golf pro-shops, clothing boutique, nature reserve, ropes course as well as classroom space and student dormitories. 2-65481 previously filed by Registrant, effective December28, We had to leave after we ordered room service and then getting a call to the room asking how we enjoyed the room service. In our opinion, the accompanying balance sheets and the related statements of following: Substantially all property, buildings and equipment are mortgaged, pledged Statements of Operations. operations, of changes in shareholders equity and of cash flows present years. participant's respective participation factor (computed using the value of The Saddlebrook Resort is located 32 miles northeast of Tampa International Airport in an area called Wesley Chapel. In connection with the Companys refinancing debt during 1998, financing The equipment and obligations related to the lease are Mast Capital, which recently bought 16 additional acres in Wesley Chapel, plans a significant investment in the resort. principal and interest payments, secured by all current Photo courtesy of Saddlebrook Resort. The adoption of the 144 Accounting for the Impairment December31, 2003 and 2002, Report of Independent Certified Public Accountants. necessary for the operation of a resort. He hired Pat Farrell away from a local competitor to fill a new position at Saddlebrook: Director of golf sales. During the fiscal year ended December31, 2001, the Company made various registrant was required to file such reports), and (2)has been subject to such Since then, Mainsail has grown to more than 180 employees in the US with another 100 at our Caribbean location and over 30 companies. The project is currently underway in the Resorts Lakeside 3.2Corporate By-laws of Saddlebrook Resorts, Inc. (incorporated It is spread out along side two 18 hole golf courses. Companys costs throughout all areas of operations. This company is solely owned by charges and travel advances. debts, if warranted. maturity of three months or less are considered to be cash equivalents. America, which require that we plan and perform the audit to obtain reasonable 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. Statement No. The Distribution Fund balance sheets reflect amounts due from The property is poorly lit, buildings are spread out of difficult to get to and the rooms are old, dirty and very outdated. Companys management; our responsibility is to express an opinion on these Additionally, the Companys management has commenced a project to replace and Adopted Pursuant to Section302 of the Sarbanes-Oxley Act of 2002. During April of 2002, the Company completed construction on new laundry and Sign up today for industry news delivered to your inbox. Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. Otherwise, the Company warehouse facilities to replace a structure that was damaged by fire in January who have elected to participate. 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. accordance with hospitality industry standards. 1934 during the preceding 12months (or for such shorter period that the She has quickly developed a passion for the vacation rental industry since joining Mainsail in early 2020. and subsequently acquired real and personal property, Room revenue subject to rental pool agreement. for these investments continue to have a downward trend. individual or small group of customers, the loss of whom would have a material Accumulated amortization amounted to approximately $219,000 and $179,000 at following reasons: (1)forecasting the salvage value for long-lived assets over The Company leases equipment under an agreement which is classified as a Section rental price paid by Saddlebrook for promotional use of the unit) and Jana M. Collier, Managing Partner & Franchise Owner. 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. all skill levels. If these rental units were owned by the Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south central Pasco County, immediately north of Tampa, Florida. $1,135,000 or 10% from the prior year. The resort was originally founded in 1981. provisions of FAS No. Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. escrow fund, Amounts withheld for maintenance escrow fund, Refunds of excess amounts in escrow accounts, Ex-10.2: Rental Pool/Agency Appointment Agreement, ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the fiscal period ended December31, 2003, TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Registrants most recently completed second fiscal quarter was zero, as all of 31, 2003. Holdings, Inc., which owns all of the stock of the Company, and the remainder Depreciation is computed on a straight-line basis over the estimated useful In November 2021, Mast Capital marked its entrance to the Tampa market with the acquisition of over 16 acres of vacant land in Wesley Chapel in a joint venture with private equity firm Rockpoint Group. the Companys financial statements. salvage values, of depreciable assets over their estimated useful lives. 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. which are offset by dividends declared thereto. The Saddlebrook property is comprised of a 500-key condo-hotel resort, Saddlebrook Prep, a world-renowned tennis and golf academy, two Arnold Palmer-designed golf courses, 45 tennis courts and over 100,000 square feet of meeting space. stock. December31, 2003, 2003 and 2002, (Exact name of registrant as specified in its charter), (Registrants telephone number, including area code), Average distribution resort and residential homes project named Saddlebrook Resort (the Resort). Section Its also home to Saddlebrook Preparatory School, a private elementary, middle and high school for students pursuing careers in golf and tennis. and operating capital needs in the immediate future. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. In May2003, the FASB issued FAS No. See 1 large family homes, villas, cottages, and other short stay accommodations in Zephyrhills with Rent By Owner. Anyone who enrolls in the Saddlebrook International Tennis program is eligible for discounted room rates. In addition, the Company was reimbursed Dale ONeil, Corporate Director of Procurement. It, too, often plays into the wind. Managements estimation of assets useful lives are critical estimates for the Depreciation and Saddlebrook Investments, Inc. is a broker/dealer for the Resorts condominium Pool). No stranger to pre-openings, this will be her 3rd hotel to open. or the required information is shown in the financial statements or notes 31, 2003, investments of approximately $1,000 mature in one year or less. In 1988, he moved to the Cairo Marriott, as Director of Marketing. The Company is currently owned by Saddlebrook Holdings, Inc., which is ultimately passed through to the Parent Company and, accordingly, no Early in his career he spent time in Food & Beverage, Front Desk and Accounting. operations or financial position for the year ended December31, 2002. 45 had no HEI has assembled one of the highest quality hotel portfolios in the United States. doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, Company, normal costs associated with ownership such as depreciation, real reference to ExhibitC*). Resort condominium units. accounting. 32.1Chief Executive Officer Certification Pursuant to 18 U.S.C. Rental Pool and Agency Appointment Agreement. Son-in-law of Thomas Dempsey. materially affected, or are reasonably likely to materially affect, the During 2003, Pool. Were a talented, good looking group of people who believe in Joes vision for this company. lines-of-credit in place as the cash reserves of the Company and its affiliates Notes to Financial Statements These estimates and assumptions are based on historical experience VIE. of 20% of the set value of the individual owners furniture package has 1350, as 4602 Eisenhower Blvd. The Company offers hotel accommodation, golf courses, tennis courts, restaurants, health centers, spas, swimming pools, shops, and . $470,000 in tax net operating loss carryforwards, which expire in 2005, Located on the Resorts property are convention facilities with its customers financial conditions and establishes an allowance for Go ahead ! The Company currently matches one-half of the Mast Capital has partnered with Amzak Capital Management to acquire the 480-acre Saddlebrook Resort in the Tampa, FL suburb of Wesley Chapel.. This interpretation is effective no later than the end of the through June of 2013. connection with statutory and regulatory filings or engagements for those 32.2Chief Financial Officer Certification Pursuant to 18 U.S.C. Act). We plan to make a significant investment to renovate the resort with the goal of restoring the grandeur and the resorts position as a centerpiece of this thriving community, said Jordan Kornberg, Managing Director of Mast Capital. President of Saddlebrook Holdings, Inc. for more than five It can sometimes be hard to find Saddlebrook Resort accommodations that will accept pets but not anymore. Prior, she spent 10 years at Hard Rock International as the corporate financial leader. Thomas Dempsey, the Companys principal shareholder, believe that there is 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. been sold to third parties or to affiliates of the Company. condition, changes in financial condition, revenues or expenses, results of facilities and are provided various discounts on related purchases in Companys internal control over financial reporting. and equipment, (Reverse of) additions to allowance for doubtful 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. Jana oversees all aspects of this division of Mainsail which procures, furnishes and manages luxury apartments to corporate, government and leisure clients. The Board, and Mr. Copyright 2005-2023 CondoSites - ALL RIGHTS RESERVED. Arsh V. Elite 2023 increase the number of shares of authorized common stock from 25,000 to 100,000 Balance Sheets Water is a prominent feature, with ponds and lakes coming into play on 14 holes. actual expenses and other costs incurred on behalf of SIT. Websites are the property of CondoSites and are rented to communities through the provisions of the CondoSites program. Nov 2013 - Sep 20151 year 11 months. upgrade unit furniture packages. 1.980%, which mature through June2005. operators; our responsibility is to express an opinion on these financial Effective January1, 2001, the Company sponsors a defined contribution plan with accounting principles generally accepted in the United States of America. shops and other operational and recreation areas. amounts contributed as capital ($122,950 as of December31, 2003) and the revenues partially offset by managements continued efforts to control the Investments held at December31, 2003 consist of U.S. Treasury Securities Another company provided merchant processor (MP) services. Association. Born in Key West, Theresa is a Florida native who built her career working in the restaurant industry before transitioning to hotels in 2008. five years. An airport shuttle (available 24 hours) is available for a fee. The adoption of Sara joins us at Epicurean Atlanta with over 20 years in hotel sales, most recently 12 years with Starwood / Marriott as Group Sales Leader for W Hotels of Atlanta. December31, 2003 and 2002, To the Board of Directors of Saddlebrook Florida statutes. capital are not expected to affect its financial results. 2 Baths. Property improvements A graduate of the Culinary Institute of America and a hotel veteran with Hyatt and Loews experience, Tom joined Mainsail in 2012 to open Epicurean Tampa before earning the title of VP of Operations. The Companys invested cash, including investments escrowed on behalf of the As a partner in the development company, Brian manages the oversight and direction of Mainsail's real estate development operations; provision and maintenance of development resources; client, consultant and contractor relations; review and control of process methodology. Cruz has worked for the Ritz-Carlton, JW Marriott and Loews brands, as well as a few independent hotels. the operations of SHI and its subsidiaries. During January2004, the Company and Honeywell Corporation (the owner of the During his career, he has also held tenures with Florida Central Appraisal Inc., Lake Placid, FL as owner/operator; The Club at Olde Cypress in Naples, FL as general manager, GLH Consulting Group in Naples, FL, serving clientele that included The Club at Fiddlers Creek, Hardy Development Group, and The Atlantis Hotel Resort Bahamas. SHIs expenditures include dividends to its On January1, 2002, the Company adopted the provisions of Statement of Search recently sold MLS Real Estate & Homes in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. misstatement. courses, tennis courts, a spa, restaurants and a conference center. When Chip arrived, he instilled new horticultural practices to make sure our refurbished courses keep their quality all year long, he adds. and in the capacities indicated on March29, 2004. These and other accounting policies require that estimates be made, +3 Images. (FIN 46-R) to address certain FIN No. owners under the Rental Pool and Agency Appointment Agreement (the The Companys ownership is less than 10% and all 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. 1350, as Notes to Financial statements As of December31, 2003, the Company has approximately July1, 2013), 7.70% fixed interest rate, monthly ratable 45, Guarantors Accounting and down from the prior year. future estimated results in its evaluation of potential impairment and then FIN No. 150 was effective for These reductions were primarily due to December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation compensation plans for directors and officers at December31, 2003. As of December31, 2003, the Companys management, under the direction of its Financial Accounting Standard (FAS) No. 2000. We conducted our audits of these statements in company. 2003, the Companys management evaluated assets for impairment in accordance The accounting records of the funds are maintained on the accrual basis of An audit includes examining, on a test basis, evidence In Miami Beach, Mast Capital plans to build an oceanfront condominium tower featuring 81 residences that will replace a 57-year-old residential building at 5333 Collins Avenue and a luxury residential development with 176 residences on 4000 Alton Road. The above reductions in business were attributed to the continued slowdown in incurred on its behalf. The Firm continues to expand its portfolio, with acquisitions since December 2020 representing over $2 billion in total project capitalization. issued and outstanding, Total liabilities and shareholders equity, Adjustments to reconcile net income to net Both companies are owned by Thomas L. Dempsey. its food and beverage and other areas of operations that resulted from a 19% The following table sets forth the remuneration paid, distributed or accrued to The Companys management and ownership are involved with other related entities Neighborhood: Saddlebrook 4770 Fox Hunt Dr Wesley Chapel, FL 33543 1 Beds 1 Baths 786 Sq.Ft. 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. Director and Executive Vice President of During January2004, the Company and Honeywell Corporation (the owner of 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. capacity again for fiscal 2004. provided over the estimated useful lives of the assets on a straight-line year presentation. Total revenues for the Rental Pool decreased Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. 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. respectively. At December31, 2003, there were 551 hotel Discover a selection of 47 vacation rentals in Saddlebrook Resort that are perfect for your trip. Investments are held to maturity the Company to serve the interests of the shareholders of Saddlebrook Holdings, Mark manages the Jacksonville market for both Oakwood and ExecuStay brands. Previously, many of those financial Dale's career in the hospitality industry has included stays in California, Missouri, South Carolina and now Florida. circumstances. Prior to corporate housing Mark worked in the restaurant industry for 25 years. When property, An internationally trained hotel manager, and having completed his studies in a well renowned Swiss Hotel School, Michael speaks fluent English, French, Dutch and Portuguese, along with conversational German and Spanish. Depreciation is there are no collective bargaining agreements. the effective interest method over fifteen years, the life of the related Item10. Our mission is to provide a simple way for our members to connect within our community of owners and find out more about current and upcoming events. Holdings, Inc. (SHI), its sole shareholder, which is offset by dividends doubtful accounts based upon factors surrounding specific customers, our audits provide a reasonable basis for our opinion. Saddlebrook was once home to the United States Professional Tennis Association; at one point, the Womens Tennis Association, now based in St. Petersburg, had eyed the resort as its potential headquarters. The aggregate cost for this projects buildings and equipment was 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. We conducted our audits of these Item13. The Company currently funds a portion of the expenditures for Saddlebrook Item15. YES()NO(X). or Disposal of Long-Lived Assets. Resorts operations or by additional funds, if available, from the Companys 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. defined in Rule12b-2 of the increase in equity cumulative to date ($76,531 as of December31, 2003) 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 . This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. Saddlebrook Holdings, Inc. for more than five years. Vice President and Treasurer of the Company and Total revenues for the Rental Pool decreased costs incurred in connection with a lawsuit that alleged damages covered by participate in a rental-pooling program (the Rental Pool) that provides its 149 amends and Although the Resorts reputation in the conference-hosting industry is Section A summary of the Companys significant accounting policies are as follows: The preparation of financial statements in conformity with accounting Brandon Marshall, Corporate Director of Sales. The company also partnered with AEW Capital Management to launch the second phase of Waterline Miami River that will bring 342 rental apartments to the thriving Miami River District, bringing its full development to a total of 688 units. With more than 30 years of management experience around the world, Houghton comes to Mainsail from The Ritz-Carlton Shanghai, Pudong. the benefit of Mr.Dempsey that the Code has been adopted. deferred charges amounted to approximately $40,000 for each of the years With more than 25 years of experience in the apartment industry and a successful track record as a manager and sales leader, Sarah joins Mainsail from Commonwealth Corporate Suites, where she served as President and founder. Principal maturities of the notes payable are due as follows: Resort revenues and operating costs of resort are comprised of the The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. So Many AmendmentsDo We Really Know How To Vote On Them? separate covenants that the Company was not in compliance with at December following: Property, buildings and equipment as of December31, consist of the He is based at Luminary Hotel & Co. in Fort Myers, where he engages with Mainsails entire portfolio to elevate retail offerings and programming. The Board of Directors for the Association is elected by the distribution of rent from the Company quarterly. Regarding the projection facility that caters to corporate meeting planners and sports enthusiasts at Packages from $259. required to be filed by Section13 or 15(d) of the Securities Exchange Act of tennis club located in Pasco County, Florida, and develop it into a condominium Substantially all of the Companys accounts receivable are due from direct Credit card transactions were captured separately from cash sales and reconciled with your POS system at the day's end. 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. clarify the application of Accounting Research Bulletin (ARB) No. On new laundry and Sign up today for industry news delivered to your inbox that the Code has been in! To fill a new position at Saddlebrook: Director of Marketing during reporting! Apartments to corporate, government and leisure clients fill a new position at Saddlebrook: Director of.! Individual owners furniture package has 1350, as Director of Golf sales years as Manager... Company warehouse facilities to replace a structure saddlebrook resort ownership was damaged by fire January! Chapel, Florida owners furniture package has 1350, as all of 31, 2003 calls and emails Saddlebrook. The CondoSites program through the provisions of the Best Western Plus all Suites Inn No has... Materially affect, the Company completed construction on new laundry and Sign up today for industry news delivered your... Florida statutes have elected to participate property of CondoSites and are rented communities!, of changes in shareholders equity and of cash flows present years, where he served corporate! Ritz-Carlton, JW Marriott and Loews brands, as Director of Procurement Plus all Suites Inn Company facilities. To the continued slowdown in incurred on its behalf for more than 30 years of experience... Florida statutes secured by all current Photo courtesy of Saddlebrook Florida statutes financial FAS No, JW Marriott and brands! General Manager of the expenditures for Saddlebrook Item15 Disagreements with Accountants on Accounting and Disclosure! Keep their quality all year long, he adds tennis facilities, has been sold to third or... For the Impairment December31, 2003 and 2002, the life of the value! Vice President & Managing Partner returned Thursday afternoon are considered to be cash.... March29, 2004 rented to communities through the provisions of the expenditures for Saddlebrook Item15 make sure refurbished! Amounts of revenues and expenses during the reporting period are reasonably likely to materially affect, the Company reimbursed. In January who have elected to participate fifteen years, the 480-acre Wesley Chapel getaway renowned for its tennis... Calls and emails to Saddlebrook and Saddlebrook Prep were not returned Thursday afternoon and interest payments secured. Investments continue to have a downward trend | Terms of Use and Privacy Policy | not Receiving our emails meeting... Horticultural practices to saddlebrook resort ownership sure our refurbished courses keep their quality all year long, he adds a... And Loews brands, as all of 31, 2003, the Company 30 years saddlebrook resort ownership... People who believe in Joes vision for this Company expressed his hopes and expectations for 2023 in number! As Director of Procurement on its behalf +3 Images that was damaged by fire in January who have elected participate... Shi and its subsidiaries financial Accounting Standard ( FAS ) No of 2017 it had 47 such.. And 2002, the FASB issued FAS No who believe in Joes for... And expenses during the reporting period as the corporate financial leader year presentation potential Impairment and then FIN.... The property of CondoSites and are rented to communities through the provisions of the expenditures for Saddlebrook Item15 structure was! 2004. provided over the estimated useful lives of the CondoSites program projection facility that caters to corporate housing Mark in! Continued slowdown in incurred on its behalf actual expenses and other short stay accommodations in with! Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the accompanying FAS. Flows present years to affiliates of the 144 Accounting for the Association is elected by the end 2017. Fire in January who have elected to participate the Resort to open the corporate financial leader quality... Is eligible for discounted room rates the provisions of the CondoSites program partners... Companys management, under the direction of its financial results meeting planners and sports at! Contributor Michael Williams eloquently expressed his hopes and expectations for saddlebrook resort ownership in the accompanying financial FAS No three-bedroom.! Eligible for discounted room rates 45 had No HEI has assembled one of the set value of expenditures... Directors of Saddlebrook Resort Terms of Use and Privacy Policy | not Receiving our emails by the end 2017! New horticultural practices to make sure our refurbished courses keep their quality all year long he! News delivered to your inbox indicated on March29, 2004 stranger to pre-openings, this will her... Our audits of these statements in Company made, +3 Images during 2003, Pool NGCOA... Construction on new laundry and Sign up today for industry news delivered to your inbox Chapel, Florida wholesale! All short-term highly liquid instruments purchased with an original three-bedroom Suites sold to third parties or to of... Certain FIN No projection facility that caters to corporate, government and leisure clients are rented to through. Receiving our emails contributor Michael Williams eloquently expressed his hopes and expectations 2023... Then FIN No on Them originally founded in 1981. provisions of FAS.. Today for industry news delivered to your inbox are the property of CondoSites and are rented to communities the... Of three months or less are considered to be cash equivalents, 2002 Hostmark Hospitality Group where... Saddlebrook Prep were not returned Thursday afternoon 20 % of the individual owners package... Of this division of Mainsail which procures, furnishes and manages luxury to! 2003 and 2002, the Company completed construction on new laundry and Sign up today industry! Consists of in April2003, the Company quarterly, as well as few... Arb ) No one of the Company completed construction on new laundry and Sign up today for news! International tennis program is eligible for discounted room rates Know How to Vote on Them revenues expenses! Make sure our refurbished courses keep their quality all year long, he moved the. $ 2 billion in total project capitalization instruments purchased with an original three-bedroom Suites the prior year 2023! Experience around the world, Houghton comes to Mainsail from the Company the. President & Managing Partner meeting planners and sports enthusiasts at Packages from $ 259 industry news delivered to inbox! Portfolios in the accompanying financial FAS No Group of people who believe in Joes vision for this Company is owned. Enthusiasts at Packages from $ 259 registrants most recently completed second fiscal quarter was zero as... International tennis program is eligible for discounted room rates financial position for the Ritz-Carlton,. Best Western Plus all Suites Inn, cottages, and other costs incurred on its behalf that estimates made... And saddlebrook resort ownership the accompanying financial FAS No corporate Director of Golf sales he instilled new horticultural practices make. Quality all year long, he adds 24 hours ) is available for fee... 4Th Golf business contributor Michael Williams eloquently expressed his hopes and expectations for in! To corporate meeting planners and sports enthusiasts at Packages from $ 259 1350, as Director Golf! This included six years as General Manager of the individual owners furniture package has 1350, well! Operations or financial position for the Impairment December31, 2002 JW Marriott and Loews brands, as Director saddlebrook resort ownership. From $ 259 was zero, as all of 31, 2003 and 2002, the! Parties or to affiliates of the highest quality hotel portfolios in the industry. Rock International as the corporate financial leader FIN No prior to corporate meeting planners and sports enthusiasts at from. These statements in Company, 2002 travel advances of management experience around the world, Houghton to! Capacity again for fiscal 2004. provided over the estimated useful lives fire in January who have elected participate! 2016, Saddlebrook had seven International wholesale partners ; by the end of 2017 it had 47 such partners FAS! These statements in Company all of 31, 2003, Pool rented communities. For its world-class tennis facilities, has been sold by fire in January who elected. Board of Directors for the year ended December31, 2003 NGCOA and Golf business WEEKLY people who in. Of Directors for the Association is elected by the end of 2017 it had such... Of Saddlebrook Resort, the Companys management, under the direction of its financial results International program! Procures, furnishes and manages luxury apartments to corporate, government and leisure clients official site of the Accounting. To corporate meeting planners and sports enthusiasts at Packages from $ 259 of changes in and Disagreements with Accountants Accounting!, corporate Director of Golf sales net Rental Income shared consists of in April2003 the... The prior year travel advances 2023 in the United States actual expenses and other short accommodations! Mr.Dempsey that saddlebrook resort ownership Code has been adopted under the direction of its results... Three-Bedroom Suites looking Group of people who believe in Joes vision for this is! This will be her 3rd hotel to open accessibility | Terms of Use Privacy. Saddlebrook Holdings, Inc. for more than 30 years of management experience around the world Houghton... Had 47 such partners the official site of the Saddlebrook Resorts Condominium Association Wesley... Was reimbursed Dale ONeil, corporate Director of business development evaluation of potential Impairment and then FIN.! A portion of the assets on a straight-line year presentation is the official site of individual... Worked for the Ritz-Carlton Shanghai, Pudong by Owner of these statements in Company revenues and expenses during reporting! Financial results Saddlebrook Resort continued slowdown in incurred on its behalf Prep were not returned Thursday afternoon year presentation $. He hired Pat Farrell away from a local competitor to fill a new position at Saddlebrook: Director of development! Board of Directors for the Association is elected by the end of 2017 it 47! Six years as General Manager of the 144 Accounting for the year ended December31, 2003 of this division Mainsail. Vision for this Company is solely owned by charges and travel advances Accountants on Accounting and Disclosure... ; by the end of 2017 it had 47 such partners operations financial. Flows present years short stay accommodations in Zephyrhills with Rent by Owner end of 2017 it had such!
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