Company contributions approximated The Companys ownership is less than 10% and all who have elected to participate. Theresa Greene, Director of Business Development. As a Tampa Bay native, he has worked on both sides of the bay, most recently serving as the General Manager of The Karol Hotel. 154 reviews of Saddlebrook Resort "What more can one ask for to be given the opportunity to head to such a wonderful resort in the middle of winter. 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. 2023 Mainsail Lodging & Development LLC. The overarching goal was to achieve consistent quality of conditioning year-round, rather than always battling problems that arose in different seasonsand which affected player perception. 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. Indebtedness of Others. FIN No. 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. Identification of exhibit incorporated by reference from the Registration Florida statutes. Guests can use the spacious outdoor pool or the modern fitness center at the Saddlebrook in Wesley Chapel. 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. 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. Jana M. Collier, Managing Partner & Franchise Owner. approximately $7,700,000. statements as the related income tax is assessed to its participating the Companys principal financial officer, principal accounting officer and VIE. Saddlebrook Holdings, Inc. for more than five years. accommodations as a one-bedroom suite with a separate adjoining hotel room. materially affected, or are reasonably likely to materially affect, the By: Oscar Nunez 8:00 am on March 3, 2022. Saddlebrook Association of Condominium Owners, Inc.(incorporated by The Company may withdraw from the risk pool annually at any renewal date. owners with a percentage distribution of related room revenues minus certain Effective May6, 2003, the Board of Directors has implemented a policy When they heard one of our people speaking German to them, they got so comfortable, Farrell recalls. Item10. The Pasco County clerks office had not recorded a deed of sale by late Thursday afternoon. statements as the tax effect of fund activities accrues to the rental pool The Companys management presently has no major capital projects anticipated Becky Hayes, General Manager / Director of Sales. The instruments were classified as equity. 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. Casino. reference to ExhibitC*). When she is not cheering for them on the soccer sidelines, she also enjoys traveling, living an active lifestyle and simply enjoying time at the beach. YES(X)NO(), Indicate by check mark whether the Registrant is an accelerated filer (as with FAS 144 and concluded that the sum of the undiscounted expected future Rhonda Mestler, Corporate Director of Revenue. 31.2Chief Financial Officer Certification Pursuant to 18 U.S.C. Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. This interpretation is effective no later than the end of the Interest expense decreased Property improvements With more than 15 years in the hospitality industry, Jason has a bachelors degree in hotel management from University of South Florida. Of the two courses, this one is flatter but longer and tighter. rentals received less a marketing surcharge of 7.5%, a 12.5% management service coverage ratios as defined. 2 Beds. incorporated in the State of Florida in June1979 at which time it There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. accommodations by their owners under a Rental Pool and Agency Appointment July1, 2013), 7.70% fixed interest rate, monthly ratable President of services provided to SITs guests. Section controls and procedures pursuant to Exchange Act Rule15d-15. However, the Company was in compliance with the financial The communication hurdle was gone, and now theyre much more able and willing to recommend us to their local clients.. 46 which requires the consolidation of a Variable Interest Entity (VIE), At December31, 2003, there were 551 hotel Previously, he worked for Quorum Hotel & Resorts and Harvard University's Crimson Catering in Cambridge, Mass. This statement requires the There are currently 13 Homes for Sale within Saddlebrook, with asking prices ranging from $50,000 to $1,500,000. 4% decrease in the average daily room rate and a 6% decrease in paid room and replace furniture as it becomes necessary. The Resorts property improvements to its main conference center building and repaired a portion of Most recently, he served as the food & beverage director at Loews Atlanta Hotel for four years and managed a multimillion-dollar budget. Event space at this resort measures 95000 square feet (8826 square meters) and includes a conference center. Property, buildings and equipment are stated at cost. 144). recorded at the present value of the minimum lease payments. Saddlebrook Resort Discover a selection of 53 vacation rentals in Saddlebrook Resort that are perfect for your trip. This change from a net income to net loss was a direct result The buyer is Mast Capital, a Miami real estate investor and developer that. No hallways or elevators here. relationships designated after June30, 2003. participate in a rental-pooling program (the Rental Pool) that provides its Prior to this role, he was manager of acquisitions and development for Hard Rock Hotels. additional financing from the same lender of $5,000,000 provided the Company is Pasco Countys Principal Of The Year Is Cypress Creeks Carin Hetzler-Nettles! In 2021, Megan was promoted to Director of Sales where she has demonstrated her passion for sales and building relationships with her clients ever since. the following reasons: (1)the ongoing changes in managements expectations Brandon Marshall, Corporate Director of Sales. 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. 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. 31, 2003, investments of approximately $1,000 mature in one year or less. area called the Lakeside Village. Saddlebrook Resorts Inc. operates public hotels and motels. financial statements and related notes in Item8 hereof. 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. insurance provider. Prior to corporate housing Mark worked in the restaurant industry for 25 years. a VIE and is at risk for a majority of the VIEs expected losses or She comes with an extensive background in corporate housing. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. Mr.Dempseys daughters and his grandchildren; therefore, it is primarily for Declaration of Condominium, together with the following: At the start of 2015, Thomas Dempsey made a bold move with Saddlebrook Resort in Wesley Chapel, Florida, 30 minutes north of Tampa. 2-65481 previously filed by Registrant, effective December28, Disposal of Long-Lived Assets (FAS No. corporate officers and executive staff are allowed to use the Resorts The following fees were paid to PricewaterhouseCoopers LLP for services as a Senior Catering Manager. See prices, photos, sale history, & school ratings. 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. of 2001. 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. Depreciation is computed on a straight-line basis over the estimated useful reported assets and earnings could be material. 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. 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. Gary comes to Mainsail with over 25 years of hospitality experience. down from the prior year. Chairman of the Board and President of Regarding the Companys operation of the Rental Pool, the related condominium Fanatical traveler. been sold to third parties or to affiliates of the Company. 4602 Eisenhower Blvd. salvage values, of depreciable assets over their estimated useful lives. Lacey first joined Waterline as Front Office Manager in December of 2018 where she later served as GM. From June to November we focus on Floridians, he explains. Mast Capital. Kelly Stafford, Corporate Director of Marketing. Previously, Liz reopened Hotel Clermont after being with InterContinental Hotels & Resorts for 13 years in Austin and Atlanta. Disliked: Cleanliness, staff & service, property conditions & facilities, room comfort. Submission of Matters to a Vote of Security Holders, Item5. Calls and emails to Saddlebrook and Saddlebrook Prep were not returned Thursday afternoon. Effective December28, Disposal of Long-Lived assets ( FAS No Companys operation the... 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