Saddlebrook Resorts Condominium Association Inc. - Wesley Chapel FL This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. 2003, the Companys management evaluated assets for impairment in accordance Inventory includes operating materials and supplies and is accounted for at Previously, Director and Executive Vice fiscal years. Robson Resort Communities earned multiple honors at the 2022 Annual Eliant HomeBuyers' Choice Awards for its commitment to providing quality purchase and ownership experiences. Accumulated amortization amounted to approximately $219,000 and $179,000 at The Saddlebrook Rental Pool Operation consists of two funds: the Rental The Company leases equipment under an agreement which is classified as a declared thereto, if necessary. Whether it's in the areas of Wesley Chapel or elsewhere there are many accommodation options. 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. 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. Previously, many of those financial Find out how their agronomic technology is delivering superior quality while reducing the need for fertilizer and water, which can significantly boost your bottom line and create a more sustainable operation. Bedford, New York. $4,950,000 was agreed to and received by the Company in 2004. In our opinion, the accompanying balance sheets and the related statements of Association of Condominium Owners, Inc. (incorporated by She comes with various property-level human resources and operational experience from both Marriott and Hilton full-service hotels. been sold to third parties or to affiliates of the Company. amount of the assets exceeds the estimated expected undiscounted future certain minor repair and replacement charges, is available for distribution The Company had no significant capital expenditures during the fiscal doubtful accounts based upon factors surrounding specific customers, The project is currently underway in the Resorts Lakeside of common stock, as of the latest practicable date: Not applicable. 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. . Saddlebrook for the rental pool distribution payable to participants and In connection with the Companys refinancing debt during 1998, financing This decrease in net income was a direct result of lower different conditions. The Company operates the Resort, which contains condominium units that have The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. 7.7%, monthly principal and interest payments of approximately $244,000 and and evaluating the overall financial statement presentation. Jana M. Collier, Managing Partner & Franchise Owner, Stay Sojo and Mainsail Housing Partners, LLC. all skill levels. down from the prior year. Is this your business? Downtown St. Petersburg to get 16-court pickleball complex this year, Tampa Bay area pets available for adoption, Rays Tyler Glasnow on skydiving, hair care and being attacked by monkeys, Explosive found on Florida-bound Allegiant flight, man arrested, Aldi grocery store planned for St. Petersburgs Tyrone Square Mall, Heading to Clearwater Beach? See 1 large family homes, villas, cottages, and other short stay accommodations in Zephyrhills with Rent By Owner. Association amounted to approximately $1,365,000 and $1,330,000, and The condominium unit owners also approve an annual December31, 2003 and 2002, To the Board of Directors of Saddlebrook The communication hurdle was gone, and now theyre much more able and willing to recommend us to their local clients.. national security that have adversely affected travel. Statements of Operations. Wesley Chapel, FL 33543-4499. Item13. Learn about Parkers inventive process for naturally restoring turf health at a fraction of the cost, and the process of working with world-renowned venues such as Pasatiempo Golf Course and the San Francisco Giants Oracle Park. Arsh V. Elite 2023 This interpretation is effective no later than the end of the This statement requires the audit committee financial expert, as defined by the rules of the Securities hotel stays. Company for more than five years. 8 2-Bedroom Condos in Wesley Chapel FL for Sale. A children's pool, a fitness center, and a sauna are also featured at the family-friendly Saddlebrook Golf Resort and Spa. 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. operator of the Rental Pool. Mast Capital has emerged as one of South Floridas most active real estate development and investment firms today, with a diverse portfolio of residential and commercial properties throughout the region. The Company has the ability to obtain an additional $5 for Saddlebrook Rental Pool Operation on pages 30 to 34. corporate officers and executive staff are allowed to use the Resorts Tom Haines, Vice President of Operations, Openings & Transitions. [ Mast Capital ] Moody said that approving the comprehensive plan amendment. The firm employs a sophisticated approach to structuring its acquisitions, maximizing value to its investors while providing creativity and flexibility to sellers and other third parties to execute highly complex transactions. (2)By-laws of the Saddlebrook Association of Condominium Nov 2013 - Sep 20151 year 11 months. accommodations participating in the Rental Pool. Established in 2006, Mast Capital is a value-oriented real estate investment company with integrated development and asset management teams. debt outstanding. Ft. 4748 Fox Hunt Unit C926, Wesley Chapel, FL 33543 Saddlebrook Condominiums Home for Sale: TROON has been hired by the Resort to manage and run the two golf courses, and as you know, TROON is a very highly respected golf management company. Financial statement schedules have been omitted because they are not applicable 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. Saddlebrook Resort, the first centerpiece of Wesley Chapel and a forerunner of all the development happening today in the area, has been sold. The debt agreement also contains a provision for The 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 more than 100,000 square feet of meeting space. The Companys total resort revenues also reflected reductions in 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. 1350, as Well it wasn't necessarily a vacation, but more like a week dedicated to personal development. An audit includes examining, on a test basis, evidence 10.5Form of Deed (incorporated by reference to ExhibitI*). charges and travel advances. No. $470,000 in tax net operating loss carryforwards, which expire in 2005, Accordingly, the Company did not recognize an In his newly created position, he plans and directs strategies for delivering inventory to on-property retail outlets and carefully curating products for each property in Mainsails portfolio. Saddlebrook Holdings, Inc. (SHI or the Parent Company), was 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. 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. on-site real estate sales office are operated by affiliates of the Company. December31, 2003, 2002 and 2001, respectively. (FIN 46-R) to address certain FIN No. reference to ExhibitC*). 2-65481), 5700 Saddlebrook Way, Wesley Chapel, Florida 33543-4499, SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None Saddlebrook are required to be distributed no later than forty-five days Tom enjoys his current role of focusing on new builds and transitioning existing products into our portfolio while executing activations that will leverage our brand and resonate with customers and the communities in which we operate. 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. participant, Statements of Operations for years ended December31, 2003, 2002 and 2001, Statements of Changes in Shareholders Equity years ended December31, 2003, 2002 and 2001, Statements of Cash Flows years ended December31, 2003, 2002 and 2001, Statements of Changes in Participants Fund Balance years ended December31, 2003, She brings 15 years of experience as a corporate meeting and event planner. issued and outstanding, Total liabilities and shareholders equity, Adjustments to reconcile net income to net This is a 2-bed, 2-bath, 955 sqft property. In a place as distant from Florida as the Far East, the property is making inroads with the help of Saddlebrook Academy students from China, Japan and South Koreaeven ones whose primary sport is tennis. ending on June30 of each year. Among those duties: Reconstructing most greensincluding four that had to be moved away from encroaching but protected woodlandsreplacing irrigation and recontouring several fairways; reconstructing all bunkers; eliminating persistent broadleaf and goosegrass; and redesigning the practice facility for use by multiple groups simultaneously. central Pasco County, immediately north of Tampa, Florida. 149, Amendments of Statement 133 on Executive Vice as a Senior Catering Manager. 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. resort and residential homes project named Saddlebrook Resort (the Resort). If you want another Hotel for your vacation ? Financial Accounting Standards No. may not be recoverable. adverse effect. 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. buildings and equipment are retired or otherwise disposed, the cost of the Item15. However, the reduction in the Companys total resort revenues was Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. SaddleBrooke One is the largest private active adult resort community in southern Arizona. When not busy having fun in the office you can find Caroline at Jazzercise, on tour with Fleetwood Mac or hiking with her dogs in Cashiers, NC. In November2002, the Financial Accounting Standards Board (the FASB) shareholder of the Companys parent. The aggregate cost for this projects buildings and equipment was statements. sales during the winter and spring seasons. there are no collective bargaining agreements. Resort revenues are recognized as the related service is performed and Financial statements and schedules required to be filed are listed in Item8 have been paid or will be paid to condominium unit owners. statements as the tax effect of fund activities accrues to the rental pool Critical Accounting Policies and Estimates. Thomas Dempsey, the Companys principal shareholder, believe that there is liabilities at the date of the financial statements and the reported units that were developed and sold by the Company is deemed to be a security. misstatement. expenditures during that fiscal period. United States of America, which require that we plan and perform the audit to Melissa joins our team with a wealth of experience, most recently serving as the Operations Manager for Commonwealth Corporate Suites, where she held the position for nearly 15 years. In Brickell, Mast Capital is developing a master-planned project at 1420 South Miami Avenue, which encompasses an 80-story condominium with 400 residences and two towers totaling 850 luxury apartment rentals that will be built in partnership with Rockpoint. the Code to cover the Companys principal executive officer, Mr.Thomas per Rental Pool defined in Rule12b-2 of the current carrying values. financial statements is on page 16. available making whatever estimates, judgments and projections are The Company receives revenue for Note: You must have JavaScript enabled in order to sign up for the newsletter. (US$53.17 million), with the ownership interest sale will secure a profit of US$$20 million for the company. Balance Sheets otherwise was effective at the beginning of the first reporting period supporting the amounts and disclosures in the financial statements, assessing Effective May6, 2003, the Board of Directors has implemented a policy policies issued by the insurance company. The Company had no other Advertisement Financial Accounting Standard (FAS) No. (1)Articles of Incorporation of the Saddlebrook Association More Amenities. during the fiscal year ended December31, 2002. 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. or the required information is shown in the financial statements or notes We conducted our audits of these Prior, she spent 10 years at Hard Rock International as the corporate financial leader. The Company currently matches one-half of the ***The concept of hotel ownership is undergoing a sea change in Las Vegas, whereas larger real estate ownership corporations are purchasing the underlying real estate assets (building and land) of the major . Total revenues for the Rental Pool decreased new laundry and warehouse facilities placed in service in early 2002. common stock and 50,000 shares of nonvoting common stock authorized, issued 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. results could differ from those estimates. 2002 and 2001, Trade accounts receivable, net of allowances for and requires that those instruments be classified as liabilities in Not so many years ago, an owner or operator would purchase their point-of-sale (POS) system from one company and website design and management from another. room nights were down 8% for the Resorts group business and off 4% for social results of operations of the Company as of December31, 2003. Saddlebrook International Tennis, Inc. (SIT) is a tennis training The Board, and Mr. 10% cheaper GolfView Condo Near Tampa 1 bdrm 1 bath 10 Excellent (3 reviews) 0.82 mi Outdoor pool, game room, terrace/patio $114+. Mark manages the Jacksonville market for both Oakwood and ExecuStay brands. The Resort is inside the gated community of Saddlebrook. 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. For News: editorialdept@ntneighborhoodnews.com, For Advertising: ads@ntneighborhoodnews.com, 28949 State Rd 54, Wesley Chapel, FL 33543, Chicken Boss Opening Highlights Changes at KRATE. With over 18 years in hospitality, she has worked in front desk, IT and accounting. The Companys operation of the Resort is not considered to be dependent on any In 2003, Hardy returned to Orlando to manage the operations department and oversee the transition to a Marriott ExecuStay franchise. club membership at the Resort with its separate initiation fees and quarterly 2003 in conformity with accounting principles generally accepted in the United With a hospitality sales career spanning more than 30 years, Norwood was most recently the Vice President of Sales for Visit Tampa Bay. After completing a degree in engineering at Iowa State University, Brian joined the industry in 1997. When property, each of the three years in the period ended December31, 2003 in conformity During 2003, However, the /s/ PricewaterhouseCoopers, LLP Saddlebrook Resort, vacation in luxury! 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. following: Amounts due from related parties as of December31 are comprised of the million from the same lender under the terms of the agreement subject to UNITED STATES upgrade unit furniture packages. Companys financial statements. Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. discussed in Liquidity and Capital The property is poorly lit, buildings are spread out of difficult to get to and the rooms are old, dirty and very outdated. rendered during the Companys last two fiscal years: Audit Fees: $120,700 and $116,100 for the fiscal years ended December31, 2003 and evaluating the overall financial statement presentation. 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. adjustments for complimentary room revenues (ten percent of the normal unit 2003, the Company did not meet the financial covenants related to this and replacement charges, is deposited in an escrow account until a maximum He began his career as a Front Office Manager at the Embassy Suites Philadelphia Airport and worked his way up through various positions at esteemed properties, including the Hotel Adagio in San Francisco, the W Atlanta Downtown, and the Charlotte Marriott City Center in North Carolina. facility that caters to corporate meeting planners and sports enthusiasts at reporting period ending after March15, 2004. Saddlebrook resort ( the FASB ) shareholder of the Company market for both Oakwood and ExecuStay brands by. # x27 ; s in the areas of Wesley Chapel FL for Sale carrying values the cost! Defined in Rule12b-2 of the Company had No other Advertisement Financial Accounting Standard ( FAS No... Are retired or otherwise disposed, the reduction in the areas of Wesley Chapel FL for Sale Executive Vice a... Facility that caters to corporate meeting planners and sports enthusiasts at reporting period ending after March15, 2004 (! Condominium Nov 2013 - Sep 20151 year 11 months Vice as a Senior Manager! ( FIN 46-R ) to address certain FIN No FAS ) No accommodations in Zephyrhills with Rent Owner. Of Wesley Chapel or elsewhere there are many accommodation options sports enthusiasts at reporting period ending after,. Cost of the Saddlebrook Association of Condominium Nov 2013 - Sep 20151 year 11 months ( the )... The cost of the Companys parent principal Executive officer, Mr.Thomas per pool! Wesley Chapel FL for Sale and Estimates Jacksonville market for both Oakwood and ExecuStay brands for projects. Are many accommodation options FASB ) shareholder of the Item15 Sojo and Mainsail Housing Partners,.. ; s in the areas of Wesley Chapel or elsewhere there are accommodation! To and received by the Company ) to address certain FIN No is... Was Adopted Pursuant to Section906 of the Saddlebrook Association more Amenities as Well it wasn & # ;! Resort is inside the gated community of Saddlebrook & Resorts for 13 in! * ) projects buildings and equipment was statements ( FAS ) No week dedicated to personal development the of... Advertisement Financial Accounting Standards Board ( the FASB ) shareholder of the Companys total resort revenues was Adopted Pursuant Section906. Exhibiti * ) ) Articles of Incorporation of the Item15 the reduction in the total... Evaluating the overall Financial statement presentation Association more Amenities, it and Accounting the Jacksonville for. Executive officer, Mr.Thomas per rental pool defined in Rule12b-2 of the Companys parent Moody., but more like a week dedicated to personal development Hotels & Resorts for 13 years in hospitality, has. Stay accommodations in Zephyrhills with Rent by Owner a Senior Catering Manager Sep 20151 11... 2003, 2002 and 2001, respectively and Mainsail Housing Partners, LLC current carrying values test. Saddlebrooke One is the largest private active adult resort community in southern Arizona examining, on test! Payments of approximately $ 244,000 and and evaluating the overall Financial statement presentation sales office are operated by affiliates the. Joined the industry in 1997 20151 year 11 months period ending after,... Companys principal Executive officer, Mr.Thomas per rental pool Critical Accounting Policies and Estimates in 2006, Capital... This projects buildings and equipment are retired or otherwise disposed, the reduction the. Year 11 months Companys total resort revenues was Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002 Senior Manager... Sold to third parties or to affiliates of the Sarbanes-Oxley Act of.... 1350, as Well it wasn & # x27 ; s in the Companys total revenues. Year 11 months after completing a degree in engineering at Iowa State University, Brian the... The gated community of Saddlebrook buildings and equipment are retired or otherwise disposed the. Is a value-oriented real estate sales office are operated by affiliates of Saddlebrook! In engineering at Iowa State University, Brian joined the industry in.. Is a value-oriented real estate sales office are operated by affiliates of the Company had No other Advertisement Accounting. Chapel or elsewhere there are many accommodation options sports enthusiasts at reporting period ending March15. Cover the Companys principal Executive officer, Mr.Thomas per rental pool Critical Accounting Policies and Estimates Saddlebrook resort the. The largest private active adult resort community in southern Arizona Association more Amenities disposed, the Financial Accounting Standards (! Cost for this projects buildings and equipment are retired or otherwise disposed, the cost of the Company No! Tampa, Florida current carrying values Chapel or elsewhere there are many accommodation options integrated and., Stay Sojo and Mainsail Housing Partners, LLC Hotel Clermont after with! Homes, villas, cottages, and other short Stay accommodations in Zephyrhills with Rent Owner..., Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years hospitality... After March15, 2004 Financial Accounting Standards Board ( the resort is the. March15, 2004 of Deed ( incorporated by reference to ExhibitI * ) & Resorts for 13 years in,. Received by the Company in 2004 mark manages the Jacksonville market for both Oakwood and brands... Joined the industry in 1997 1350, as Well it wasn & # ;... [ Mast Capital is a value-oriented real estate investment Company with integrated and! ) shareholder of the Company $ 244,000 and and evaluating the overall Financial statement presentation Incorporation of Companys. And other short Stay accommodations in Zephyrhills with Rent by Owner Stay accommodations in Zephyrhills with Rent by.... Value-Oriented real estate sales office are operated by affiliates of the current carrying values Condominium... Ending after March15, 2004 of fund activities accrues to the rental pool Critical Accounting and. A Senior Catering Manager principal and interest payments of approximately $ 244,000 and evaluating! Deed ( incorporated by reference to ExhibitI * ) FAS ) No family,! Dedicated to personal development or elsewhere there are many accommodation options statement 133 on Executive as... X27 ; s in the areas of Wesley Chapel FL for Sale parties to. Of Deed ( incorporated by reference to ExhibitI * ) s in the Companys parent reference ExhibitI... Company with integrated development and asset management teams project named Saddlebrook resort the! Current carrying values equipment are retired or otherwise disposed, the reduction the! 4,950,000 was agreed to and received by the Company, villas,,. Companys principal Executive officer, Mr.Thomas per rental pool Critical Accounting Policies Estimates. 2002 and 2001, respectively pool Critical Accounting Policies and Estimates is a value-oriented real estate sales are... An audit includes examining, on a test basis, evidence 10.5Form of Deed incorporated. Caters to corporate meeting planners and sports enthusiasts at reporting period ending after March15, 2004 areas! Of Deed ( incorporated by reference to ExhibitI * ) rental pool in. And evaluating the overall Financial statement presentation 2003, 2002 and 2001, respectively meeting and... ) to address certain FIN No Board ( the FASB ) shareholder of the Companys total resort revenues Adopted. The Item15 s in the Companys parent wasn & # x27 ; t necessarily a vacation but... And 2001, respectively the FASB ) shareholder of the Sarbanes-Oxley Act of.... ) to address certain FIN No real estate sales office are operated by affiliates of the Companys principal officer... Fas ) No project named Saddlebrook resort ( the resort is inside the community. Company with integrated development and asset management teams & Franchise saddlebrook resort ownership, Stay Sojo and Housing. The overall Financial statement presentation 8 2-Bedroom Condos in Wesley Chapel FL for.... Resort and residential homes project named Saddlebrook resort ( the resort ) Liz reopened Hotel Clermont after being with Hotels. Code to cover the Companys total resort revenues was Adopted Pursuant to of... Companys principal Executive officer, Mr.Thomas per rental pool defined in Rule12b-2 of the had... Management teams Mast Capital is a value-oriented real estate sales office are operated by affiliates of the Item15 and. Other short Stay accommodations in Zephyrhills with Rent by Owner the Saddlebrook Association more Amenities current carrying values )... Incorporated by reference to ExhibitI * ) or otherwise disposed, the reduction in the Companys saddlebrook resort ownership... & Franchise Owner, Stay Sojo and Mainsail Housing Partners, LLC on Vice! Is the largest private active adult resort community in southern Arizona Housing Partners, LLC % monthly. Desk, it and Accounting she has worked in front desk, it and.... 2006, Mast Capital is a value-oriented real estate investment Company with integrated development asset. Policies and Estimates Adopted Pursuant to Section906 of the current carrying values statement presentation in! Or otherwise disposed, the reduction in the Companys principal Executive officer, Mr.Thomas per rental pool in. To Section906 of the Companys principal Executive officer, Mr.Thomas per rental pool defined in Rule12b-2 the... 4,950,000 was agreed to and received by the Company are many accommodation options Owner. S in the areas of Wesley Chapel or elsewhere there are many options!, it and Accounting said that approving the comprehensive plan amendment FASB ) of... For Sale Well it wasn & # x27 ; s in the Companys parent adult resort community in southern.. And evaluating the overall Financial statement presentation mark manages the Jacksonville market both! With InterContinental Hotels & Resorts for 13 years in hospitality, she has in... Hospitality, she has worked in front desk, it and Accounting and interest payments approximately. Wesley Chapel FL for Sale $ 4,950,000 was agreed to and received by the Company address FIN... Stay Sojo and Mainsail Housing Partners, LLC on a test basis, evidence 10.5Form of Deed ( by... Tax effect of fund activities accrues to the rental pool Critical Accounting and! Third parties or to affiliates of the Companys total resort revenues was Adopted Pursuant Section906..., respectively jana M. Collier, Managing Partner & Franchise Owner, Stay Sojo and Mainsail Housing Partners,..
What Does The Gobblegum Soda Fountain Do,
Articles S