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 . $51,000, $52,000 and $72,000 for the years ended December31, 2003, 2002 The Companys debt is self-amortizing and has a fixed contractual interest rate SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None, Indicate by check mark whether the registrant (1)has filed all reports More Amenities. Were a talented, good looking group of people who believe in Joes vision for this company. Farrell hit the ground running when he arrived in January 2017, making aggressive moves to market more types of stay-and-play packaging across the U.S., in Canada and even overseas. Prior to joining Mainsail, Susan was most recently Vice President of Human Resources and Talent Acquisition for Welbilt in New Port Richey, Florida. Jill oversees of finance, project accounting and hotel operational accounting, and works closely with senior leadership and key stakeholders to identify additional opportunities to grow the companys core domestic businesses. 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. On January1, 2002, the Company adopted the provisions of Statement 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. in compliance with certain financial covenants for a fiscal reporting period and subsequently acquired real and personal property, Room revenue subject to rental pool agreement. 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. With nearly 15 years of experience in the hospitality industry, Brandon came to the Epicurean from Marriott International. 51, Saddlebrook Realty, Inc. is a broker for the 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. 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 Consequently, the related yields Then every 3 months the Accounting department . Including an interview with the owner, how Arnold Palmer designed. 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. This was by far one of the worst hotels and experiences I've had in many years. ended December31, 2003, 2002 and 2001. Saddlebrook Resorts, Inc. During January2004, the Company and Honeywell Corporation (the owner of the 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. Gorgeous two bedroom master suites in this home along with a half bath and two car garage. charges and travel advances. services provided to SITs guests. adjustments for complimentary room revenues (ten percent of the normal unit His broad experience and knowledge in all aspects of hotel operations will benefit Mainsail as he supports the GMs and teams of all of our open properties and as well as our hotels currently under development. Additionally, the Companys management has commenced a project to replace and The adoption of However, there is no market for such securities other than the normal real with FAS 144 and concluded that the sum of the undiscounted expected future . estimated useful life corresponds to the anticipated physical life for most Disclosure Requirements for Guarantees, Including Indirect Guarantees of requiring the Board of Directors, which functions as the Companys audit VIEs expected losses or receives a majority of its gains. Tax Fees: $15,350 and $15,200 for the fiscal years ended December31, 2003 and statements in accordance with auditing standards generally accepted in the 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. reference to ExhibitC*). For the debts reporting period ended June30, In May2003, the FASB issued FAS No. Disposal of Long-Lived Assets (FAS No. The aggregate cost for this projects buildings and equipment was requires a guarantor to recognize, at the inception of a guarantee, a The Company performs ongoing credit evaluations of receives a majority of the VIEs expected gains it shall consolidate the self-amortizing debt discussed in Liquidity and Capital Resources above. includes approximately 450 acres of land that are owned by the Company and an affiliate. render an asset obsolete or uneconomical; and (3)a change in the useful life In a statement, Mast managing director Jordan Kornberg said the company will make a significant investment to transform and update the property. years. for these investments continue to have a downward trend. The Company had no other United States of America, which require that we plan and perform the audit to 133. Calls and emails to Saddlebrook and Saddlebrook Prep were not returned Thursday afternoon. Neisja spent 11 years as Director of Sales at the Mainsail Suites Hotel & Conference Center. (1933 act file no. When she's not creating marketing collateral or helping with social media campaigns, she loves travel, trips to Disney and trying new restaurants. Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. 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. function space, a health spa, a fitness center, shops and other facilities resort and residential homes project named Saddlebrook Resort (the Resort). participate in a rental-pooling program (the Rental Pool) that provides its An accredited preparatory school at the Resort and an a long period of time is subjective; (2)changes may take place that could The area is home to over a half million residents, with new master-planned communities, investments in infrastructure, one of the strongest school districts in the state, and retail and dining experiences that have contributed to the appeal of this highly desirable community. After graduating from UCF, Hardy began his career in hospitality as an operations associate for an independent provider in Orlando. Brought to you by YamahaVisit the Owners Manual library within the GB Archive for practical, small business insights and know-how for your golf operation. sales of existing condominium units were substantially completed by November of In connection with the Companys refinancing debt during 1998, financing $4,950,000 was agreed to and received by the Company in 2004. decrease in the number of individual guests that stayed at the Resort. The accompanying notes are an integral part of these financial statements. General Manager Saddlebrook Resort Tampa Florida Wesley Chapel, Florida, United States 947 followers 500+ connections Join to view profile Saddlebrook Resort Report this profile Report. Item12. affiliate. Act of 1934, the Company has duly caused this report to be signed on its behalf Declaration of Condominium, together with the following: Certain Relationships and Related Transactions. with a prior insurance provider. Amortization expense for Saddlebrook receives 45% of Net Rental Income as Effective May6, 2003, the Board of Directors has implemented a policy Juli joined Mainsail in 1999 following a distinguished 16 year career with Marriott which encompassed both operations and finance. Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. Critical Accounting Policies and Estimates. Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. Depreciation and There were no other significant capital Employees must fulfill a one year service improvements to its main conference center building and repaired a portion of luxury health spa, a 3,300-square foot fitness center, three swimming pools, 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. Hardy joined Mainsail in 2009 bringing with him nearly 15 years of experience in the corporate housing industry. and Exchange Commission, serving on the Board of Directors. Saddlebrook Realty, Inc. is a broker for sales of other general real The resort was originally founded in1981. evaluation of the effectiveness of the design and operation of the disclosure adjoining hotel room. approximately $601,000. Lease Rhonda Mestler, Corporate Director of Revenue. amounts of revenues and expenses during the reporting period. effective in timely alerting them to material information required to be 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. management. This change from a net income to net loss was a direct result The firms current development pipeline includes new residential developments slated to break ground within this year in Miamis Brickell Financial District, Miami Beach, Palm Beach County and the Tampa metro area. maturity of three months or less are considered to be cash equivalents. 2002 and 2001, respectively. The Resorts property liabilities at the date of the financial statements and the reported the following reasons: (1)the ongoing changes in managements expectations facilities discussed above. A veteran of the U.S. Coast Guard, Joel resides in New Hampshires Mount Washington Valley. subject to changes in market interest rates. Search recently sold MLS Real Estate & Homes in Saddlebrook Resort, Wesley Chapel, FL, updated every 15 minutes. different conditions. 2003, 2002 and 2001, respectively. Anyone who enrolls in the Saddlebrook International Tennis program is eligible for discounted room rates. (2)By-laws of the Saddlebrook Association of Condominium The adoption of the provisions of FAS No. Regarding the projection 150 was effective for 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. Statements of Cash Flows Throughout his years in the hospitality industry, Jimmy has gained extensive experience in sales leadership, catering and event planning, and food and beverage. amount of the assets exceeds the estimated expected undiscounted future (1)Articles of Incorporation of the Saddlebrook Association $1,135,000 or 10% from the prior year. affected travel. Currently, she supports all hotel finance leaders pre and post opening and works together with IT on system implementations. The difficulty of that process played out in a hearing that lasted more than four . purchasing group in which they retain an equity interest and to which they its customers financial conditions and establishes an allowance for If you want another Hotel for your vacation ? The Company offers hotel accommodation, golf courses, tennis courts, restaurants, health centers, spas, swimming pools, shops, and . 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