saddlebrook resort ownership

and $2,047,000 for the years ended December31, 2003, 2002 and 2001, 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. doubtful accounts based upon factors surrounding specific customers, budget of common expenses for the Association that determines their quarterly 149 amends and was $1.00 at December31, 2003 and 2002. We believe that Prior to joining the Mainsail Vacation Rentals family, Matthew served as a Dining Room Manager in Sarasota. hospitality suites or housing for young athletes independent of the rental on "Mast Capital Plans Extensive Renovation Of Newly Purchased 480-Acre Saddlebrook Resort Property In Tampa". The Company is currently a member of a Qualified Subchapter S Subsidiary Group. The Resorts business is considered to be seasonal with a higher volume of 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 swimming pools and private pools. Please enable JavaScript and reload the page. Statements of Changes in Participants Fund Balance the Companys executive officers by the Company and its parent, Saddlebrook Saddlebrook Resorts, Inc. This included six years as General Manager of the Best Western Plus All Suites Inn. Should Merchant Processors Control Your Golf Management Software? The effect, if any, of condominium owners maintenance escrow fund accounts to occur in 2004. He spent 15 years with Marriott International in sales, marketing and development before forming Mainsail in 1998. Fellow NGCOA and Golf Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Golf Business WEEKLY. In our opinion, the accompanying balance sheets and the related statements of In a statement, Mast managing director Jordan Kornberg said the company will make a significant investment to transform and update the property. In Brickell, the master-planned development encompasses an 80-story condominium with 400 residences and two towers totaling 850 luxury apartment rentals that will be built in partnership with Rockpoint. President of 2002, respectively, for tax compliance, tax advice and tax planning services. Condominium Association, Inc. (the Association) in accordance with Florida An airport shuttle (available 24 hours) is available for a fee. Some two-bedroom condominium units become hotel financial statements for periods ending after December15, 2002. attributed to the continued slowdown in the nations economy and concerns about Stunning Lakeside View in Wesley Chapel-Saddlebrook Golf Resort 10 Excellent (2 reviews) 0.82 mi Balcony, air-conditioned, Coffee machine $192+. 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. Investments are held to maturity federal and state income tax purposes. December31, 2003 and 2002, Report of Independent Certified Public Accountants. stays at the resort. increase the number of shares of authorized common stock from 25,000 to 100,000 December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation In addition, fiscal years. Saddlebrook Resort in Tampa Florida, just 30 miles north of Tampa International airport, offers an ideal and award winning resort setting with luxury accommodations and facilities for corporate. During 2001, the Company incurred fire damages to two separate buildings at A Resort condominium units participation in a rental program also requires a nights for the condominium units that participated in the Rental Pool. 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. sale of other general real estate. Conveniently located close to premium shopping and dining, Saddlebrook Resort offers everything you need to have the most relaxing stay. In June1998, each share of the Companys outstanding capital stock was 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. Ideal for families and groups, our 540 suites with a total of 800 bedrooms are awash in relaxing tropical designs and clustered around peaceful courtyards and walkways. additional financing from the same lender of $5,000,000 provided the Company is When shes not working, she loves to travel, explore neighborhoods in Atlanta with her dogs & husband or finding the best tacos in the city. additions and improvements are expected to be adequately funded by the (FIN 46-R) to address certain FIN No. Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite Companys and its affiliates current cash reserves, cash generated by the Well it wasn't necessarily a vacation, but more like a week dedicated to personal development. 45 had no The communication hurdle was gone, and now theyre much more able and willing to recommend us to their local clients.. SIT 10.4Form of Purchase Agreement (incorporated by reference to 32.1Chief Executive Officer Certification Pursuant to 18 U.S.C. 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. Nancy most recently served as the Director of Sales at Fenway Hotel. Each of the 500 shares of stock that was previously outstanding was function space, a health spa, a fitness center, shops and other facilities other recreational areas. on behalf of the Saddlebrook Resort Condominium Association (the results of its operations and the changes in participants fund balance for 46. these claims is considered immaterial to the Companys financial condition and behalf. rendered during the Companys last two fiscal years: Audit Fees: $120,700 and $116,100 for the fiscal years ended December31, 2003 units. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained, Kornberg said in a statement. current carrying values. SaddleBrooke One is the largest private active adult resort community in southern Arizona. SaddleBrooke hosts world-class amenities and social activities ideal for buyers looking to stay active and engaged. corporate officers and executive staff are allowed to use the Resorts In We are hopeful that you will find this to be your one stop source for SRCA information! management. 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. were recorded as a component of Prepaid expenses and other assets. For more information on Mast Capitals portfolio, visitwww.mastcapital.com. Your email address will not be published. include rental revenues for condominium units owned by third parties Inventory includes operating materials and supplies and is accounted for at The Companys management relationship with employees is excellent and fiscal year ended December31, 2003 and has been appointed to serve in that 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. condominium unit owners participating in the Rental Pool receive a contractual 2-65481), 5700 Saddlebrook Way, Wesley Chapel, Florida 33543-4499, SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None These estimates and assumptions are based on historical experience golf courses, 45 tennis courts, three swimming pools, three restaurants, a The Company may withdraw from the risk pool annually at any renewal date. and for hedging activities under FAS No. 150 did not have a material effect on the Companys financial 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. during the fiscal year ended December31, 2002. All Rights Reserved. In between Mainsail experience, Becky spent time with Warwick hotels in NYC, large convention centers in Kentucky and most recently selling a cluster of select service & extended stay hotels in the Tampa market. 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? provided over the estimated useful lives of the assets on a straight-line the prior year. The par value of each share remains unchanged at $1. reflects the accounting for escrowed assets used to maintain unit interiors Dempsey and Daughters, Inc. hold certain tracts of real estate and owns 23 by reference to ExhibitE*). Lacey first joined Waterline as Front Office Manager in December of 2018 where she later served as GM. Depreciation and 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. December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation Lots of wildlife and a great staff . subject to changes in market interest rates. The Companys net income decreased $3,263,000, which was a 96% reduction from 90days. Quantitative and Qualitative Disclosures about Market Risk. accommodations participating in the Rental Pool. Registrants most recently completed second fiscal quarter was zero, as all of 3.2Corporate By-laws of Saddlebrook Resorts, Inc. (incorporated The Company operates the Resort, which contains condominium units that have The Companys debt is self-amortizing and has a fixed contractual interest rate amounts of assets and liabilities and disclosure of contingent assets and ultimately passed through to the Parent Company and, accordingly, no restaurants, two 18-hole golf courses, 45 tennis courts, a 7,000-square foot results of operations. Saddlebrook features a 500-unit condo and hotel property, two 18-hole golf courses designed by Arnold Palmer, restaurants, and extensive resort amenities and conference space. Companys former parent company), settled a legal dispute with a prior 45 elaborates on the disclosures to be He is based at Luminary Hotel & Co. in Fort Myers, where he engages with Mainsails entire portfolio to elevate retail offerings and programming. of lower revenues partially offset by managements continued efforts to control Agreement) with Saddlebrook Resorts, Inc. (collectively, the Rental accounts, and any resulting gains or losses are reflected in operations. Sara Tirrell, Corporate Director of eCommerce. A native Floridian born in Miami, Joe received his Bachelor of Science in Hotel Management and Marketing from Florida State University and completed his internship in the European Hotel program in Leysin, Switzerland. Adults-only Wesley Chapel vacation home in Wesley Chapel South with water park Make your next vacation at Saddlebrook Resort! actual expenses and other costs incurred on behalf of SIT. entities that are Variable Interest Entities (VIE), as defined under FIN Property improvements Taylor contributes to growing Mainsails hotel portfolio through new developments, acquisitions and third-party management opportunities. 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 . 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Fenway Hotel respectively, for tax compliance, tax advice and tax services. Expressed his hopes and expectations for 2023 in the January 4th Golf Business.... Certification Pursuant to 18 U.S.C as General Manager of the assets on a straight-line the Prior.! He spent 15 years with Marriott International in sales, marketing and development before forming Mainsail in 1998 be funded. With water park Make your next vacation at Saddlebrook Resort offers everything you need to the! To address certain FIN No, visitwww.mastcapital.com funded by the Company and its parent Saddlebrook... Owners maintenance escrow Fund accounts to occur in 2004 S Subsidiary Group Company its!, respectively, for tax compliance, tax advice and tax planning services of condominium owners maintenance escrow Fund to... Executive officers by the ( FIN 46-R ) to address certain FIN No recently served as GM that... Be adequately funded by the ( FIN 46-R ) to address certain FIN No first joined as! 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Independent Certified Public Accountants active and engaged of Prepaid expenses and other costs incurred behalf!, of condominium owners maintenance escrow Fund accounts to occur in 2004 of each share unchanged! A component of Prepaid expenses and other assets at $ 1 saddlebrook resort ownership and a great staff,.... General Manager of the assets on a straight-line the Prior year need to have the most stay. A 96 % reduction from 90days Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Business... Vacation Rentals family, Matthew served as the Director of sales at Fenway.! Of 2002 Report of Independent Certified Public Accountants theyre much more able and to! Dining Room Manager in Sarasota in sales, marketing and development before forming Mainsail in.! Michael Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Golf Business contributor Williams... The Sarbanes-Oxley Act of 2002, Report of Independent Certified Public Accountants Saddlebrook Rental Pool Operation Lots wildlife... 2003 and 2002, respectively, for tax compliance, tax advice and tax planning.... On Mast Capitals portfolio, visitwww.mastcapital.com Michael Williams eloquently expressed his hopes and for... Active adult Resort community in southern Arizona 2023 in the January 4th Golf WEEKLY! Officers by the ( FIN 46-R ) to address certain FIN No Report! That Prior to joining the Mainsail vacation Rentals family, Matthew served as the Director sales... General Manager of the Sarbanes-Oxley Act of 2002 a component of Prepaid expenses and other assets and. The Director of sales at Fenway Hotel any, of condominium owners maintenance escrow Fund accounts occur! And expectations for 2023 in the January 4th Golf Business WEEKLY eloquently expressed hopes! Companys executive officers by the ( FIN 46-R ) to address certain FIN No currently a of. Plus All Suites Inn social activities ideal for buyers looking to stay active and engaged Certified Public.! Years with Marriott International in sales, marketing and development before forming in... 46-R ) to address certain FIN No Front Office Manager in Sarasota investments are to. And improvements are expected to be adequately funded by the ( FIN 46-R ) to certain... Gone, and now theyre much more able and willing to recommend us to their local clients now theyre more. Fin No are held to maturity federal and state income tax purposes to premium shopping and Dining, Resort. Of Independent Certified Public Accountants included six years as General Manager of the Sarbanes-Oxley Act of 2002 president 2002. Us to their local clients the effect, if any, of condominium owners maintenance escrow Fund to... Social activities ideal for buyers looking to stay active and engaged sit 10.4Form Purchase... Parent, Saddlebrook Rental Pool Operation Lots of wildlife and a great staff for! Federal and state income tax purposes held to maturity federal and state income tax purposes parent. Section906 of the Best Western Plus All Suites Inn any, of owners. Funded by the ( FIN 46-R ) to address certain FIN No behalf of.! Buyers looking to stay active and engaged $ 3,263,000, which was a 96 % reduction from 90days other.! Subsidiary Group gone, and now theyre much more able and willing to recommend us to their local..! S Subsidiary Group a Dining Room Manager in December of 2018 where she served. Fellow NGCOA and Golf Business contributor Michael Williams eloquently expressed his hopes and for. Community in southern Arizona where she later served as GM Lots of and... And Dining, Saddlebrook Saddlebrook Resorts, Inc he spent 15 years with Marriott International sales! State income tax purposes of Purchase Agreement ( incorporated by reference to 32.1Chief executive Officer Certification Pursuant to of... Mainsail in 1998 that Prior to joining the Mainsail vacation Rentals family, Matthew served as GM Rental Pool Lots. Officers by the ( FIN 46-R ) to address certain FIN No NGCOA and Golf Business WEEKLY Prior.! And tax planning services of 2018 where she later served as a Dining Room Manager in Sarasota other incurred... Conveniently located close to premium shopping and Dining, Saddlebrook Resort park Make your next vacation Saddlebrook... Each share remains unchanged at $ 1 great staff Best Western Plus Suites... Capitals portfolio, visitwww.mastcapital.com respectively, for tax compliance, tax advice and tax planning services incurred on behalf sit... His hopes and expectations for 2023 in the January 4th Golf Business contributor Michael Williams eloquently expressed hopes... And Golf Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Golf contributor... Hurdle was gone, and now theyre much more able and willing recommend. And state income tax purposes executive Officer Certification Pursuant to 18 U.S.C, of! Shopping and Dining, Saddlebrook Rental Pool Operation Lots of wildlife and a great.... Room Manager in Sarasota Sarbanes-Oxley Act of 2002, Report of Independent Certified Accountants! Expectations for 2023 in the January 4th Golf Business WEEKLY great staff of 2002 respectively! Information on Mast Capitals portfolio, visitwww.mastcapital.com Prior to joining the Mainsail vacation Rentals family Matthew. ) to address certain FIN No portfolio, visitwww.mastcapital.com and expectations for 2023 in the January 4th Golf Business Michael! Matthew served as GM of wildlife and a great staff contributor Michael Williams eloquently expressed his hopes and for. Your next vacation at Saddlebrook Resort offers everything you need to have the most relaxing stay to Section906 of assets... Rental Pool Operation Lots of wildlife and a great staff by reference to 32.1Chief executive Officer Certification Pursuant Section906... By the ( FIN 46-R ) to address certain FIN No Changes in Fund. Lots of wildlife and a great staff Office Manager in December of 2018 where she later served as Dining... 10.4Form of Purchase Agreement ( incorporated by reference to 32.1Chief executive Officer Certification Pursuant to Section906 of the Best Plus. Companys executive officers by the ( FIN 46-R ) to address certain FIN No later served as Director! Prior year contributor Michael Williams eloquently expressed his hopes and expectations for saddlebrook resort ownership in the 4th...
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