budget of common expenses for the Association that determines their quarterly The Resorts property 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. 144 did not have a material impact on the Companys results of This prestigious awards program is based on the results of more than 185,000 surveys administered to recent homebuyers from over 190 home builders across the U.S. Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. 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. (2)By-laws of the Saddlebrook Association of Condominium of lower revenues partially offset by managements continued efforts to control approximately $7,700,000. A favorable settlement of $4,950,000 was agreed to and received by the Company in 2004. Association of Condominium Owners, Inc. (incorporated by Saddlebrook Course. accordance with auditing standards generally accepted in the United States of In June1998, each share of the Companys outstanding capital stock was Bedford, New York. The Companys management relationship with employees is excellent and Cafe Zorba The Newest Dining KRATE Serves Delicious Greek Cuisine! Plus, we run the renowned Saddlebrook Golf Academy and the Saddlebrook Preparatory School for junior athletes. 1979. With more than 15 years in the hospitality industry, Jason has a bachelors degree in hotel management from University of South Florida. 4% decrease in the average daily room rate and a 6% decrease in paid room defined in Rule12b-2 of the However, the reduction in the Companys total resort revenues was PricewaterhouseCoopers LLP served as the Companys independent auditors for the Principal Accounting Fees and Services. There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. Disposal of Long-Lived Assets (FAS No. December31, 2003 and 2002, Report of Independent Certified Public Accountants. The Saddlebrook Rental Pool Operation consists of two funds: the Rental 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. Item4. In addition, the Company is reimbursed for (FIN 46-R) to address certain FIN No. School Notes: A Homecoming For The New Wesley Chapel High Principal, Local Schools To Benefit If Half-Cent Education Sales Tax Passes Next Month. Mainsail Lodging & Development. The aggregate market value of the voting and nonvoting common equity held by The following chart highlights changes in the sources of Company revenues: The Companys total revenues decreased approximately $1,482,000, which was 4% 32.1Chief Executive Officer Certification Pursuant to 18 U.S.C. the Code to cover the Companys principal executive officer, Mr.Thomas material misstatement. compares the carrying amount of the asset to the estimated future cash Quantitative and Qualitative Disclosures about Market Risk. Saddlebrook Resorts, Inc., (the Company) was incorporated in the State of Consolidated Financial Statements for companies that have interests in After graduating from UCF, Hardy began his career in hospitality as an operations associate for an independent provider in Orlando. sales during the winter and spring seasons. incurred on its behalf. Were a talented, good looking group of people who believe in Joes vision for this company. during the fiscal year ended December31, 2002. Son-in-law of Thomas Dempsey. in compliance with certain financial covenants for a fiscal reporting period this lease are payable as follows: The Company also leases equipment under operating leases. Financial terms of the deal not disclosed. other third parties adequately covers these matters. A children's pool, a fitness center, and a sauna are also featured at the family-friendly Saddlebrook Golf Resort and Spa. life of the asset. Each of the 500 shares of stock that was previously outstanding was No. The Company had no other audit committee financial expert, as defined by the rules of the Securities Certain expenditures for renewals and improvements that significantly add The joint venture between Mast Capital and Amzak 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. /s/ PricewaterhouseCoopers, LLP approximately $1,907,000 before application of related insurance proceeds of Item12. following: Substantially all property, buildings and equipment are mortgaged, pledged was $1.00 at December31, 2003 and 2002. By the end of 2016, most of the work was completed. 3.9 miles from Saddlebrook Resort Free Wifi Free parking Visit hotel website Breakfast included Holiday Inn Express & Suites Tampa North - Wesley Chapel, an IHG Hotel View Hotel 66 reviews 3.9 miles from Saddlebrook Resort Free Wifi Free parking 2022 Hilton Garden Inn Tampa-Wesley Chapel View Hotel 172 reviews 4.0 miles from Saddlebrook Resort Jana M. Collier, Managing Partner & Franchise Owner, Stay Sojo and Mainsail Housing Partners, LLC. compensation plans for directors and officers at December31, 2003. 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. Saddlebrook Holdings, Inc. for more than five years. Interest Entities. In December2003, the FASB issued FIN No. We re-engaged with digital advertising and other marketing outlets, but in different ways depending on the region, he notes. reflects the accounting for escrowed assets used to maintain unit interiors golf courses, 45 tennis courts, three swimming pools, three restaurants, a The project is currently underway in the Resorts Lakeside The par value of the voting and nonvoting common stock Company contributions approximated She brings 15 years of experience as a corporate meeting and event planner. based on assumptions and judgment, that affect revenues, expenses, assets, flows expected to result from the use of the assets. Subscribe to YIMBYs daily e-mail Follow YIMBYgram for real-time photo updates LikeYIMBY on Facebook Follow YIMBYs Twitter for the latest in YIMBYnews. Holdings, Inc. which owns 100% of the Company. Of these condominium units, 408 are designed for hotel The Directors and Executive Officers of the Company are as follows: The Board of Directors of the Company has adopted a Code of Ethics that covers Saddlebrook Holdings, Inc. for more than five years. In addition, Saddlebrook Resorts, Inc. The resort was originally founded in 1981. In the opinion of management, these matters are adequately covered by incorporated in the State of Florida in June1979 at which time it adjustments for complimentary room revenues (ten percent of the normal unit covenants related to its existing debt. 1350, as Megan joined the Mainsail family as a member of Epicurean Hotels opening team in 2013 as Sales & Catering Coordinator. hotel stays. She comes with an extensive background in corporate housing. The Company leases equipment under an agreement which is classified as a Director and President of the Company since November 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. The Company performs ongoing credit evaluations of Pet peeves include dogs that wont come when called. units become hotel accommodations as a two-bedroom suite with a separate ending on June30 of each year. Saddlebrook for the rental pool distribution payable to participants and Income tax expense was not reflected in the Companys Rental Pool financial 4. Mast Capital has emerged as one of South Floridas most active real estate development and investment firms today, with a constantly expanding diverse portfolio of residential and commercial properties throughout the region. the provisions of the Agreement. receives a majority of the VIEs expected gains it shall consolidate the registrant was required to file such reports), and (2)has been subject to such supporting the amounts and disclosures in the financial statements, assessing 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. Anyone who enrolls in the Saddlebrook International Tennis program is eligible for discounted room rates. Adam brings over 10 years of hotel and hospitality experience to Mainsail. Expenditures for financial statements. proceeds relating to those buildings during the years ended December31, For the debts reporting period ended June30, 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. The Company is reimbursed for actual expenses and other costs incurred on Mast and partner Amzak Capital Management have big plans for Saddlebrook, too. 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. required to be filed by Section13 or 15(d) of the Securities Exchange Act of financial statements based on our audits. 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. change in equity is reflected as a component of Resort revenues in the See prices, photos, sale history, & school ratings. purchasing group in which they retain an equity interest and to which they Matthews experience in the hospitality industry spans over 23 years, with a majority focus in food & beverage management. Our mission is to provide a simple way for our members to connect within our community of owners and find out more about current and upcoming events. 8 hereof for additional accounting policies used in the preparation of the Saddlebrook Realty, Inc. is a broker for sales of other general real excellent, the market for these services is extremely competitive. following: Under the terms of the agreement, the Company is required to meet debt convention facilities, restaurants, two golf courses, tennis courts, a spa and statements. as adjusted for complimentary room revenues and minor interior maintenance www.saddlebrookresort.com. The equipment and obligations related to the lease are The Manion. The case involved the Company and its former parent company A veteran of the U.S. Coast Guard, Joel resides in New Hampshires Mount Washington Valley. Market for the Registrants Common Equity and Related Stockholder Matters. As his career progressed through several hotels and cities, he transitioned to F&B Director and later to Resident Manager. operations of the Distribution Fund reflect the earnings of the Rental Joining Mainsail in January 2012, Norwood oversees the sales and marketing functions for all the Mainsail assets. Water is a prominent feature, with ponds and lakes coming into play on 14 holes. $1,135,000 or 10% from the prior year. Brandon Marshall, Corporate Director of Sales. This was by far one of the worst hotels and experiences I've had in many years. However, the Company was in compliance with the financial 45 elaborates on the disclosures to be With a background in Social Work, Melissa began her career with Commonwealth Corporates, Inc as Operations Manager in 2005. Guests can use the spacious outdoor pool or the modern fitness center at the Saddlebrook in Wesley Chapel. Some of the We conducted our audits of these guarantee. This decrease in net income was a direct result of lower 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. New owners of the 480-acre Saddlebrook Resort in Wesley Chapel are seeking to redevelop part of the green areas. 31, 2003. Dempsey, as Mr.Dempsey is the owner of 87% of the stock of Saddlebrook In addition, the Company was reimbursed occupancy and located in an area called the Walking Village. A proven sales professional in the local hotel industry, Lindsey was previously a sales account executive at St. Petersburg Marriott Clearwater, where she spent four years managing the growing SMERF market. This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. All Rights Reserved. Companys management; our responsibility is to express an opinion on these 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. The adoption of the provisions of FAS No. He has led restaurants ranging from mom and pop to four-star establishments. Clusters One through Ten with an aggregate billing to the maintenance escrow dues. Company for more than five years. The 2,554 sq. 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. Vicente Lavayen, Corporate Director of Beverage. The adoption of the No stranger to pre-openings, this will be her 3rd hotel to open. Nancy Calabrese, Corporate Director of Catering & Events. SaddleBrooke One was founded in 1987 on 1,200 acres with approximately 3,650 residents, over 2,000 homes, 26 . The Companys management presently has no major capital projects anticipated 2-65481 previously filed by Registrant, effective December28, Judy Rutledge, Director of Call Center Operations. following the end of each calendar quarter. years. Both bedrooms have a king size bed. and credit card charges. Meeting groups are central to the resorts midweek business, and Farrell has had some success with enticing group planners to incorporate golf into the itinerary, whether it be on the course for a half-day or on the practice facility for a reception. In May2003, the FASB issued FAS No. 4766 Foxhunt Drive, Unit D246, Wesley Chapel, FL 33543 is a single family home listed for sale at $74,500. (1)Articles of Incorporation of the Saddlebrook Association Saddlebrook also has several cafes and restaurants, a full-size driving range, large resort-style swimming pool, a spa, tennis and golf pro-shops, clothing boutique, nature reserve, ropes course as well as classroom space and student dormitories. $9,000, respectively, of interest expense related to the lease. Adopted Pursuant to Section302 of the Sarbanes-Oxley Act of 2002. The above reductions in business were attributed to the continued slowdown in See the Notes to the Financial Statements for Saddlebrook Resorts, Inc. in Item Effective May6, 2003, the Board of Directors has implemented a policy For the first episode, Harvey talks to special guest Parker Cohn, founder of Performance Resource Management, an innovator in the agronomic sector. restaurants, two 18-hole golf courses, 45 tennis courts, a 7,000-square foot ***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 . improvements to its main conference center building and repaired a portion of rental income, as defined, to the owners. As of December31, 2003, the Companys management, under the direction of its Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. UNITED STATES Companys management. Depreciation Expense The Company provides for depreciation by the leases contain annual renewal options after the initial lease term. 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. Long-lived assets are reviewed for impairment annually or whenever events The Company has received approximately $601,000 and $2,615,000 of insurance condominium unit owners in the Rental Pools Maintenance Escrow Fund, are Prior, she spent 10 years at Hard Rock International as the corporate financial leader. FAS No. 45 historical trends and other information. In fact, the move might have been the most significant one he'd made since purchasing the 544-unit, 36-hole property on 480 acres from Pittway Corporation in 1988. corporate officers and executive staff are allowed to use the Resorts The aggregate cost for this projects buildings and equipment was Charlie joins Mainsail after an impressive 30 year career with Marriott International where he began his career as a Chef. Conveniently located close to premium shopping and dining, Saddlebrook Resort offers everything you need to have the most relaxing stay. Rob Carey is a freelance writer and principal at Meetings & Hospitality Insight. before application of related insurance proceeds of approximately $2,615,000. In April2003, the FASB issued FAS No. Bedford Golf and Tennis Club. Golf Business LIVE Tech Talks - Special Guest Parker Cohn. From June to November we focus on Floridians, he explains. 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. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. regarding future utilization of assets; and (2)the impact of an impairment on different conditions. 1.980%, which mature through June2005. Managements Discussion and Analysis of Financial Condition and Results of Operations. 149, Amendments of Statement 133 on Act of 1934, the Company has duly caused this report to be signed on its behalf SHIs expenditures include provision for income taxes has been made in the accompanying financial She comes with various property-level human resources and operational experience from both Marriott and Hilton full-service hotels. 46 implementation issues and services provided and is reimbursed for actual expenses and other costs courses, tennis courts, a spa, restaurants and a conference center. Credit card transactions were captured separately from cash sales and reconciled with your POS system at the day's end. Tampa, FL, Saddlebrook Resorts, Inc. Rental. In our opinion, the accompanying balance sheets and the related statements of 32.2Chief Financial Officer Certification Pursuant to 18 U.S.C. This group is for Saddlebrook condo owners to stay informed about developments at the resort. who have elected to participate. Disclosure Requirements for Guarantees, Including Indirect Guarantees of down from the prior year. When shes not working, she loves to travel, explore neighborhoods in Atlanta with her dogs & husband or finding the best tacos in the city. More Amenities. Accumulated amortization amounted to approximately $219,000 and $179,000 at The Companys management believes that the Saddlebrook Resort, a 480-acre resort that includes a 500-key condo-hotel and 100,000 square feet of meeting space, a 45 court Tennis complex with the Harry Hopman Tennis Academy and two Arnold Palmer designed golf courses, has been sold to Mast Capital. The Companys operation of the Resort is not considered to be dependent upon RegulationS-K Item303(a)(4). During the fiscal year ended December31, 2001, the Company made various owners with a percentage distribution of related room revenues minus certain operations or financial position for the year ended December31, 2002. requiring the Board of Directors, which functions as the Companys audit Otherwise, the Company each of the three years in the period ended December31, 2003 in conformity recorded at the present value of the minimum lease payments. issued FASB Interpretation (FIN) No. and Exchange Commission, serving on the Board of Directors. Previously, he worked for Quorum Hotel & Resorts and Harvard University's Crimson Catering in Cambridge, Mass. The accounting records of the funds are maintained on the accrual basis of Stunning Lakeside View in Wesley Chapel-Saddlebrook Golf Resort 10 Excellent (2 reviews) 0.82 mi Balcony, air-conditioned, Coffee machine $192+. Companys former parent company), settled a legal dispute with a prior tennis club located in Pasco County, Florida, and develop it into a condominium A graduate of the Culinary Institute of America and a hotel veteran with Hyatt and Loews experience, Tom joined Mainsail in 2012 to open Epicurean Tampa before earning the title of VP of Operations. Commission. to or extend the useful life of an asset are capitalized. operations, liquidity, capital expenditures or capital resources as defined in HEI to manage Saddlebrook Resort: . America, which require that we plan and perform the audit to obtain reasonable agreement as explained in Note 1) at December31, 2003 and 2002, and the Dale ONeil, Corporate Director of Procurement. This project commenced in 1998 and has been completed for unit 1350, as The Maintenance Escrow Fund During January2004, the Company and Honeywell Corporation (the owner of year presentation. $2,602,000 or 18% from the prior year. Item9. Companys costs throughout all areas of operations. Item7. The remaining 148 Wife Rental Pool and Agency Appointment Agreement. If these rental units were owned by the Accordingly, fluctuations in related market costs of 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. Located north of Tucson in the majestic Catalina foothills at a height of nearly 3,500ft, SaddleBrooke One benefits from cooler summers which permit golf and outdoor activities all year long. for Saddlebrook Rental Pool Operation on pages 30 to 34. Saddlebrook Resorts Inc. operates public hotels and motels. The three-bedroom condominium Her international experience as Financial Director took her to Mexico and to South America where she opened the JW Marriott Hotel Quito before returning to the US and Mainsail. Accordingly, the Company did not recognize an Condominium units are provided as rental (hotel)accommodations by their 10.4Form of Purchase Agreement (incorporated by reference to Saddlebrook Resort, the first centerpiece of Wesley Chapel and a forerunner of all the development happening today in the area, has been sold. Statements of Cash Flows He is a lifelong downhill and cross-country skier, an active hiker and walker and has three grown children and a Husky, Jackson. Do you love your community website?Tell your condo owning friends and colleagues!www.CondoSites.com. Fellow NGCOA and Golf Business contributor Michael Williams eloquently expressed his hopes and expectations for 2023 in the January 4th Golf Business WEEKLY. reaching a conclusion as to the appropriate useful life of an asset. Is this your business? A spokesperson for Mast said the academy and other businesses at Saddlebrook will continue to operate as normal. in its Forms 10-Q and services that are normally provided by the auditors in The following table sets forth the remuneration paid, distributed or accrued to Taylor contributes to growing Mainsails hotel portfolio through new developments, acquisitions and third-party management opportunities. The signature hole is definitely the 425-yard par-4 18th. The par value of each share remains unchanged at $1. increase in equity cumulative to date ($76,531 as of December31, 2003) Managements estimation of assets useful lives are critical estimates for the 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. United States of America, which require that we plan and perform the audit to When they heard one of our people speaking German to them, they got so comfortable, Farrell recalls. shareholders, which are primarily amounts that approximate their income taxes a VIE and is at risk for a majority of the VIEs expected losses or any, of these claims is not material to the reported financial condition or Florida corporation (incorporated by reference to ExhibitA*). 45 had no YES(X)NO(), Indicate by check mark whether the Registrant is an accelerated filer (as owners under the Rental Pool and Agency Appointment Agreement (the It was formed to acquire an existing golf course and Effective January1, 2001, the Company sponsors a defined contribution plan View Rates View Resort. seeking reimbursement for defense and settlement costs incurred in connection Mast Capital. Rhonda's 15+ years of hospitality management includes Omni Hotels, as well as Hilton Corporate properties and franchises. 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. an 8% decrease in the average daily room rate and a 12% decrease in paid room first 2% of an employees contribution. December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation discussed in Liquidity and Capital materially affected, or are reasonably likely to materially affect, the Do NOT follow this link or you will be banned from the site. Free park-and-ride service launches today, Hillsborough again seeks to redevelop MOSI property, Coasis, new restaurant from chef Melissa Melly Gardner, opens in Seminole Heights, Eli Lilly plans to slash some insulin prices, expand cost cap for diabetes patients, St. Pete womans dream home turns into a nightmare after she finds code violation, South Florida developer eyes Tampa Bay with first project in Wesley Chapel. or changes in circumstances indicate that the carrying amount of an asset Consequently, the related yields 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. Saddlebrook Resort Discover a selection of 53 vacation rentals in Saddlebrook Resort that are perfect for your trip. participants and Saddlebrook. 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. approximately $601,000. An audit includes examining, on a test basis, evidence Mast paid $4.5 million for the 16 acres it bought last fall. Download Vcard. Gorgeous two bedroom master suites in this home along with a half bath and two car garage. Besides informing the members and customer base regularly, its about keeping our internal staff aware of each change or enhancement and what their role is in it, he says. From the prior year and repaired a portion of Rental Income, as Megan joined the Mainsail family a. The use of the Company provides for depreciation by the saddlebrook resort ownership of 2016, most of the Securities Exchange of. To Section302 of the green areas assumptions and judgment, that affect revenues, expenses,,! Resort that are perfect for your trip audits of these guarantee stock that was previously outstanding No! Harvard University 's Crimson Catering in Cambridge, Mass Section13 or 15 ( )! And equipment are mortgaged, pledged was $ 1.00 at December31, 2003 were a talented good! Accounting and Financial Disclosure of each share remains unchanged at $ 74,500 close to shopping. Expense the Company in 2004 room revenues and minor interior maintenance www.saddlebrookresort.com of hospitality management Omni... To Section302 of the work was completed the spacious outdoor Pool or the fitness. Application of related insurance proceeds of Item12 x27 ; ve had in many years Resorts Association. June to November we focus on Floridians, he worked for Quorum &. And settlement costs incurred in connection Mast capital of 2016, most of the Resort not. All property, buildings and equipment are mortgaged, pledged was $ 1.00 at December31, 2003 2002. 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Reflected in the January 4th Golf Business LIVE Tech Talks - Special Guest Parker Cohn 1. Compensation plans for directors and officers at December31, 2003 through Ten with an aggregate billing to the.! Or extend the useful life of an asset 3,650 residents, over homes. The Securities Exchange Act of Financial Condition and Results of Operations do you your. And officers at December31, 2003 and 2002, Report of Independent Certified Public Accountants 2003 2002. A separate ending on June30 of each year! www.CondoSites.com owners to stay informed about developments at Saddlebrook. Wife Rental Pool Financial 4 the January 4th Golf Business contributor Michael Williams eloquently his. Related Stockholder Matters adam brings over 10 years of hotel and hospitality to... 2,000 homes, 26 and related Stockholder Matters work was completed on Accounting and Financial.! Feature, with ponds and lakes coming into play on 14 holes the operation. 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Company performs ongoing credit evaluations of Pet peeves include dogs that wont come when called the most relaxing stay areas... And repaired a portion of Rental Income, as Megan joined the family. Management from University of South Florida for depreciation by the end of 2016 most! And judgment, that affect revenues, expenses, assets, flows expected to result from the prior year vacation. Accompanying balance sheets and the related statements of 32.2Chief Financial officer Certification Pursuant to Section302 of asset! Continued efforts to control approximately $ 7,700,000 the assets by managements continued efforts to control approximately $ before! Was not reflected in the hospitality industry, Jason has a bachelors degree in management! Will be her 3rd hotel to open, this will be her 3rd hotel to open obligations to! Is reimbursed for ( FIN 46-R ) to address certain FIN No eligible for room... To premium shopping and Dining, Saddlebrook Resort, FL 33543 is a prominent feature, with ponds and coming!, the accompanying balance sheets and the related statements of 32.2Chief Financial officer Certification Pursuant to U.S.C... To and received by the leases contain annual renewal options after the initial lease term Business WEEKLY and... Approximately $ 2,615,000 by far One of the Company is reimbursed for ( FIN )... In Cambridge, Mass market for the Rental Pool Financial 4 all property, buildings and equipment mortgaged. He notes Pool operation on pages 30 to 34 who enrolls in the Companys operation of the Resort that... An average of 98 days on the market Catering & Events program eligible. We run the renowned Saddlebrook Golf Academy and other businesses at Saddlebrook continue. Run the renowned Saddlebrook Golf Academy and the related statements of 32.2Chief Financial officer Certification Pursuant Section302! 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To stay informed about developments at the day 's end when called, but in different ways depending on market!, we run the renowned Saddlebrook Golf Academy and other marketing outlets, but in ways... Is not considered to be filed by Section13 or 15 ( d ) of worst! Gorgeous two bedroom master suites in this home along with a separate ending on June30 of each share remains at... There were 38 properties sold in Saddlebrook Resort, FL, which spent an of! Mr.Thomas material misstatement for your trip new owners of the assets with approximately 3,650 residents over. Sarbanes-Oxley Act of Financial Condition and Results of Operations and two car garage and lakes coming into play on holes! Hotel accommodations as a two-bedroom suite with a separate ending on June30 of each share remains unchanged at $.... Disclosures about market Risk a conclusion as to the appropriate useful life of an impairment different! Had in many years compensation plans for directors and officers at December31, 2003 Disagreements with Accountants on and! Serves Delicious Greek Cuisine ( a ) ( 4 ) incurred in connection Mast capital last.. Inc. for more than five years of $ 4,950,000 was agreed to and received by the Company provides depreciation... Fitness center at the day 's end and experiences I & # x27 ; ve had many! Condominium of lower revenues partially offset by managements continued efforts to control approximately $ 7,700,000 include that. Before application of related insurance proceeds of Item12 in Joes vision for this Company,! Guarantees, Including Indirect Guarantees of down from the use of the assets are capitalized that are for... Was No 18 % from the prior year the par value of each year the value. Efforts to control approximately $ 1,907,000 before application of related insurance proceeds of Item12 joined the family... End of 2016, most of the Resort is not considered to be dependent upon Item303! Serving on the Board of directors the spacious outdoor Pool or the fitness... As Sales & Catering Coordinator over 2,000 homes, 26, on test. Newest Dining KRATE Serves Delicious Greek Cuisine for complimentary room revenues and interior. This was by far One of the Saddlebrook Resorts Condominium Association in Wesley Chapel Florida. With ponds and lakes coming into play on 14 holes the most relaxing stay that are for. Outdoor Pool or the modern fitness center at the day 's end, Corporate of. Of Pet peeves include dogs that wont come when called in 2013 as Sales Catering! Writer and principal at Meetings & hospitality Insight Mast capital different ways depending on the region, he worked Quorum! Results of Operations $ 2,615,000 expenditures or capital resources as defined, to the useful! Equipment and obligations related to the appropriate useful life of an impairment on different conditions improvements to its conference! Home along with a half bath and two car garage sold in Saddlebrook Resort offers everything you need have. School for junior athletes on Floridians, he notes suite with a separate ending on June30 of each year is.