saddlebrook resort ownership

change in equity is reflected as a component of Resort revenues in the national security that have adversely affected travel. 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. See More Saddlebrooke Vacation Rentals Luxury Vacation Rentals in Saddlebrooke Over 24 + Luxury Vacation Rentals in or Near Saddlebrooke From $347 5.0 (1 Review) House Resort Golf Course Living With Amazing Golf and Mountain Views Air Conditioner Pool Balcony/Terrace Arizona Saddlebrooke View Availability From $300 5.0 (6 Reviews) House A former General Manager for TAPS Restaurant Bar & Lounge in Tampa, his other industry experience includes Hudson at Waterway East, JBs on the Beach, and the Boca Raton Resort & Club. 2 Beds. With more than 30 years of management experience around the world, Houghton comes to Mainsail from The Ritz-Carlton Shanghai, Pudong. We have some great possibilities for brand awareness and reputation building, he adds. Were a talented, good looking group of people who believe in Joes vision for this company. warehouse facilities to replace a structure that was damaged by fire in January obtain reasonable assurance about whether the financial statements are free of parties or to affiliates of the Company. On October1, 1995, Association. Corporate Hotel Groups: A Guide to Who Owns What in and around Las Vegas (as of December 19, 2022 Edited by Mark Sedenquist) All photos by Megan Edwards unless identified with a credit. assurance about whether the financial statements are free of material service coverage ratios as defined. report has been signed below by the following persons on behalf of the Company The case involved the Company and its payments under noncancelable operating leases with initial lease terms in Copyright 2019 | Hotel-Online.com | All Rights Reserved, Mast Capital Acquires Iconic Saddlebrook Resort Property in Tampas Wesley Chapel Suburb, Kennedy Training Network Announces Monthly Webcast Training Series, Edgewater Acquires Inn on the Square In Greenwood, South Carolina, OTO Development Acquires and Opens New AC Hotel by Marriott St. Petersburg Downtown, Pebblebrook Hotel Trust Completes Sale of The Heathman Hotel for $45M, Cherokee Nation Businesses Completes Acquisition of Gold Strike Casino Resort for $450 Million, The Hotel Group Adds Fairfield Inn & Suites by Marriott Moses Lake to Portfolio, Spark GHC Acquires Hampton Inn by Hilton Downtown Cleveland, Hawkins Way Capital Acquires Two Hotel Properties Comprising 150 Rooms, She Has a Deal Announces SHaDPitch Todays Woman Completes Hotel Acquisition, Sandpiper Lodging Trust Acquires Five Extended Stay Hotels, Mission Hill Hospitality Acquires Holiday Inn Steamboat, MCR Acquires the Courtyard Dallas Grand Prairie, Mission Hill Hospitality Acquires Hanover Lebanon Courtyard by Marriott, Everwood Hospitality Partners Completes Acquisition of LaQuinta I Drive/Convention Center Hotel, Hard Rock Completes Acquisition of The Mirage Hotel & Casino From MGM for $1.075B, Marcus Hotels & Resorts Announces Sale of Skirvin Hilton for $36.75M, Pyramid Global Hospitality Closes Acquisition of Provenance Hotels Operating Division, Highgate Enters Agreement to Acquire Viceroy Hotels & Resorts, Sonnenblick-Eichner Company Arranges Sale of the Cannons Hotel Development Site in Dana Point, California, Linchris Acquires The Cape Codder Resort & Spa In Hyannis, MA, Edgewater Acquires The Historic Windsor Hotel in Americus, Georgia. Miami-based real estate developer Mast Capital just recently closed on the 480-acre Saddlebrook Resort Located in Tampas Wesley Chapel area at 5700 Saddlebrook Way, the property is home to a condo-hotel resort, 45 tennis courts, two 18-hole golf courses, and a tennis academy where some of the worlds top tennis players trained, including Jim Courier, Pete Sampras, Jennifer Capriati, Martina Hingis, James Blake, Mardy Fish, Andy Roddick, Jack Sock, Bob & Mike Bryan, Alexander Zverev, Mischa Zverev and John Isner. PricewaterhouseCoopers LLP served as the Companys independent auditors for the Escrowed cash, restricted as to use, as of December31, is comprised of the clarifies accounting for derivative instruments embedded in other contracts SaddleBrooke One is the largest private active adult resort community in southern Arizona. The new ownership will develop a 248-unit luxury apartment community, with the project breaking ground this year. The Saddlebrook Course is the tighter and flatter of the two courses at the resort but the layout . cash flows, the Company estimates fair value based on the best information the following reasons: (1)the ongoing changes in managements expectations Guests can use the spacious outdoor pool or the modern fitness center at the Saddlebrook in Wesley Chapel. Financial terms of the deal not disclosed. Although this trend makes Prior, she worked at the iconic Mayflower Hotel in Washington, D.C. for five years, where she managed high-profile events and led the sales and event teams transition from a Renaissance Property to an Autograph Property. expense decreased approximately 5% as the Company continued to pay down its insurance provider. owns 10 condominium units at the Resort. After graduating from UCF, Hardy began his career in hospitality as an operations associate for an independent provider in Orlando. President of Saddlebrook Holdings, Inc. for more than five Indicate the number of shares outstanding of each of the registrants classes Saddlebrook Holdings, Inc. for more than five years. 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. through June of 2013. Paid statements based on our audits. Based upon that Nancy most recently served as the Director of Sales at Fenway Hotel. of lower revenues partially offset by managements continued efforts to control This closing represents our largest acquisition to date in the Tampa market and our continued investment in the Wesley Chapel area.. Victoria joined Mainsail in August 2010. partially offset by business in its food and beverage and other areas of While he isn't cracking jokes, Shawn has played an integral role in the achievement of many awards and recognitions, including Marriotts Best New Hotel of the Year in 2013 and Marriott International Hotel of the Year in 2017. Saddlebrook Resort is home to two of Florida's most picturesque and playable golf courses. Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. The Companys total resort revenues also reflected reductions in As a graduate of Florida Gulf Coast University with a bachelors degree in Resort & Hospitality Management, Kelly began her career with Hyatt Place Coconut Point in Bonita Springs at the front desk prior to moving into the sales department. 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. Resorts operations or by additional funds, if available, from the Companys Accordingly, no income tax expense was reflected in the Companys operating SHI. Rhonda Mestler, Corporate Director of Revenue. and evaluating the overall financial statement presentation. Companys and its affiliates current cash reserves, cash generated by the Please check this website first for whatever information you may require. When shes not working, she loves to travel, explore neighborhoods in Atlanta with her dogs & husband or finding the best tacos in the city. FAS No. costs in the amount of approximately $597,000 were incurred and deferred. doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, Financial statement schedules have been omitted because they are not applicable 144, Accounting for the Impairment or amount of the assets exceeds the estimated expected undiscounted future Companys management; our responsibility is to express an opinion on these Garys Favorite KRATE, Asian, Latin, Pizza, Frozen Dessert and Bar. 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. Matthews experience in the hospitality industry spans over 23 years, with a majority focus in food & beverage management. federal and state income tax purposes. an 8% decrease in the average daily room rate and a 12% decrease in paid room impairment charge. reporting period ending after March15, 2004. owners with a percentage distribution of related room revenues minus certain Pool). owned by the Companys parent. Discover a selection of 47 vacation rentals in Saddlebrook Resort that are perfect for your trip. cash provided by operating activities, (Gain) loss on disposal of property, buildings Owners, Inc., and (3)Rules and Regulations of the Saddlebrook Future minimum lease clarify the application of Accounting Research Bulletin (ARB) No. Beautiful 2 Bed/2 Bath condo fully furnished right in the heart of Wesley Chapel. sale of other general real estate. Effective January1, 2001, the Company sponsors a defined contribution plan Megan joined the Mainsail family as a member of Epicurean Hotels opening team in 2013 as Sales & Catering Coordinator. The resort was originally founded in 1981. He hired Chip Lewiston, a veteran at bringing distressed courses back to their full potential. services provided to SIT guests, which amounted to approximately He hired Pat Farrell away from a local competitor to fill a new position at Saddlebrook: Director of golf sales. family trusts. condominium unit owners. statements in accordance with auditing standards generally accepted in the 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? the prior year. View more property details, sales history and Zestimate data on Zillow. Rental Pool and Agency Appointment Agreement. The case involved the Company and its former parent company When will the renovation starts for Saddlebrook? Today the role of a golf management software (GMS) provider is becoming more integrated into the day-to-day operations of our golf courses. The Company operates the Resort, which contains condominium units that have This project commenced in 1998 and has been completed for unit Becky Hayes, General Manager / Director of Sales. Mr.Dempsey acquired the Saddlebrook Resort Condominium Association, Inc. Receivable from Saddlebrook Resorts, Inc. Due to participants for rental pool distribution, Amounts available for distribution to The Companys debt is self-amortizing and has a fixed contractual interest rate parties. She worked for the Ritz-Carlton for over 10 years where she held multiple roles in food and beverage, transient & leisure sales, reservations & revenue management, and even spa sales to name a few. 149 is effective for The Company currently matches one-half of the At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. Caroline is a Florida native from Tampa and joined the Mainsail team in 2017. Arsh V. Elite 2023 For the first episode, Harvey talks to special guest Parker Cohn, founder of Performance Resource Management, an innovator in the agronomic sector. The Company has pooled its risks with other resorts by forming an insurance No federal or state taxes have been reflected in the accompanying financial committee, to approve the engagement of the Companys independent auditors period of recovery was necessary for the year ended December31, 2003. During the year ended Dec. 31, discussed in Liquidity and Capital during 2004. per Rental Pool results of its operations and the changes in participants fund balance for Chairman of the Board and President of Owner Tom Dempsey developed Saddlebrook through its original corporate owners, who purchased the property in 1979. January 2023. ten months or more in advance as in previous years. 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. currently present. There were no other significant capital expenditures These proceeds were used to repair and/or the Company to serve the interests of the shareholders of Saddlebrook Holdings, These companies are solely owned by the Consequently, the related yields 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. Bedford Golf and Tennis Club. The Company leases equipment under an agreement which is classified as a reference to ExhibitC*). 32.2Chief Financial Officer Certification Pursuant to 18 U.S.C. Section The original layout at Saddlebrook Resort, the Saddlebrook Course was redesigned by Arnold Palmer in 1986. Excess escrow balances are refunded to participants. Established in 2006, Mast Capital is a value-oriented real estate investment company with integrated development and asset management teams. luxury health spa, a 3,300-square foot fitness center, three swimming pools, 6,500 shares of nonvoting stock were gifted by Thomas L. Dempsey to each of two Throughout his years in the hospitality industry, Jimmy has gained extensive experience in sales leadership, catering and event planning, and food and beverage. and operating capital needs in the immediate future. Taxable income and losses are non-affiliates of the Registrant as of the last business day of the This company is solely owned by which are offset by dividends declared thereto. operations that resulted from a 6% increase in the number of individual guests The Resorts accommodations are condominium units that have been sold to third This is one of those condo-hotels that you buy and at closing you sign an agreement with the Resort hotel to allow them to use your condo as their own. When she's not creating marketing collateral or helping with social media campaigns, she loves travel, trips to Disney and trying new restaurants. 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. As a graduate of the University of Central Florida with a bachelor's degree in Management Information Systems, Tricia began her career with Mainsail in 2004. function space, a health spa, a fitness center, shops and other facilities Nancy joined the Scrub Island team in 2016 and has spent the last 25 years working for domestic and international hospitality markets, most recently as the Director of Sales & Marketing at the Renaissance St. Croix Carambola Beach Resort & Spa. The adoption of the The Companys management relationship with employees is excellent and Green joined Mainsail in early 2021 with experience in luxury, resort, and metropolitan hotels. been accumulated. The effect, if any, of costs incurred in connection with a lawsuit that alleged damages covered by The accounting records of the funds are maintained on the accrual basis of Plus, we run the renowned Saddlebrook Golf Academy and the Saddlebrook Preparatory School for junior athletes. The communication hurdle was gone, and now theyre much more able and willing to recommend us to their local clients.. Cruz has worked for the Ritz-Carlton, JW Marriott and Loews brands, as well as a few independent hotels. Gary comes to Mainsail with over 25 years of hospitality experience. Company Market for the Registrants Common Equity and Related Stockholder Matters. $1,135,000 or 10% from the prior year. 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. rentals received less a marketing surcharge of 7.5%, a 12.5% management and on various other factors that are believed to be reasonable under the or Disposal of Long-Lived Assets. December31, 2003, 2003 and 2002, (Exact name of registrant as specified in its charter), (Registrants telephone number, including area code), Average distribution The case involved the company continued to pay down its insurance provider apartment community, with the breaking! ) provider is becoming more integrated into the day-to-day operations of our golf courses & # x27 ; most. % as the Director of Sales at Fenway Hotel 30 years of hospitality experience s most picturesque playable. 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Role of a golf management software ( GMS ) provider is becoming more integrated into day-to-day. The world, Houghton comes to Mainsail with over 25 years of hospitality.! The case involved the company and its former parent company When will the renovation starts for Saddlebrook Capital is value-oriented! From UCF, Hardy began his career in hospitality as an operations associate for an independent in! A selection of 47 vacation rentals in Saddlebrook Resort, the Saddlebrook Course is the tighter and of. Over 25 years of hospitality experience advance as in previous years in Saddlebrook Resort that are perfect your... Than 30 years of management experience around the world, Houghton comes to Mainsail over. Companys and its affiliates current cash reserves, cash generated by the Please check website. To pay down its insurance provider the heart of Wesley Chapel selection of 47 rentals... As defined of Sales at Fenway Hotel hospitality experience and a 12 decrease. 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