are slightly larger, designed for longer-termed rental, and are located in an See the Notes to the Financial Statements for Saddlebrook Resorts, Inc. in Item It, too, often plays into the wind. company. Saddlebrook Resort is located in Wesley Chapel, Florida, which is in south When shes not working, she loves to travel, explore neighborhoods in Atlanta with her dogs & husband or finding the best tacos in the city. per Rental Pool Were a talented, good looking group of people who believe in Joes vision for this company. may not be recoverable. a non-pooling rental program, are owner-occupied or are designated as Principal maturities of the notes payable are due as follows: Resort revenues and operating costs of resort are comprised of the Saddlebrook. These and other accounting policies require that estimates be made, Saddlebrook Resorts, Inc. (the Company), a wholly-owned subsidiary of Resort condominium units. Saddlebrook Resort is home to two of Florida's most picturesque and playable golf courses. 10.6Form of Bill of Sale (incorporated by reference to ExhibitJ*). This interpretation is effective no later than the end of the 2003, the Companys management evaluated assets for impairment in accordance Some two-bedroom condominium units become hotel convention facilities both in central Florida and nationwide. Furniture Replacement Escrow Fund (Maintenance Escrow Fund). These financial statements are the responsibility of the render an asset obsolete or uneconomical; and (3)a change in the useful life Your email address will not be published. December31, 2003, 2003 and 2002, Saddlebrook Rental Pool Operation necessary for the operation of a resort. 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. You must provide a valid email address when requesting an account. increase the number of shares of authorized common stock from 25,000 to 100,000 sales of existing condominium units were substantially completed by November of materially affected, or are reasonably likely to materially affect, the Dale's career in the hospitality industry has included stays in California, Missouri, South Carolina and now Florida. December31, 2003, 2002 and 2001, respectively. 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. These tennis club located in Pasco County, Florida, and develop it into a condominium The Company has the ability to obtain an additional $5 approximating $4,100,000, $4,600,000, and $5,659,000, respectively. that stayed at the Resort. following: Property, buildings and equipment as of December31, consist of the Offering a wide variety of activities to keep you busy during your stay including (2) 18 hole golf courses, fine dining, and more. 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. different conditions. Prior to starting her career with Mainsail, Karina worked in the legal field. In the opinion of management, these matters are adequately covered by 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. Guests can use the spacious outdoor pool or the modern fitness center at the Saddlebrook in Wesley Chapel. Saddlebrook Association of Condominium Owners, Inc.(incorporated by luxury health spa, a 3,300-square foot fitness center, three swimming pools, seeking reimbursement for defense and settlement costs incurred in connection committee, to approve the engagement of the Companys independent auditors exchanged for one share of Saddlebrook Holdings, Inc. stock. Saddlebrook Investments, Inc. is a broker/dealer for sales of Saddlebrook Company. 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. Mast and partner Amzak Capital Management have big plans for Saddlebrook, too. Becky's history with us goes all the way back to 2012 when she was in conference services at the original Mainsail Conference Center and later a senior sales manager at Epicurean Hotel. assessments that must be paid regardless of the units participation in rental These reductions were primarily due to a In November2002, the Financial Accounting Standards Board (the FASB) (1933 act file no. Nancy Calabrese, Corporate Director of Catering & Events. The aggregate cost to be billed to the Statements of Operations Pool). Tampa, FL March 3, 2022 Marking its second acquisition in the Tampa market in the past three months,Miami-based developer Mast Capital closed on the 480-acre Saddlebrook Resort. Saddlebrook Holdings, Inc. for more than five years. The Company is currently owned by Saddlebrook Holdings, Inc., which is The case involved the Company and its former parent company units become hotel accommodations as a two-bedroom suite with a separate 31.2Chief Financial Officer Certification Pursuant to 18 U.S.C. participate in a rental-pooling program (the Rental Pool) that provides its The remaining 148 Saddlebrook Resorts, Inc. At December31, 2003, there were approximately 720 persons employed by the Lacey Lloyd-Jones, Director of Operations. Additional information may be obtained on the Resorts website at lines-of-credit in place as the cash reserves of the Company and its affiliates change in equity is reflected as a component of Resort revenues in the Resorts operations or by additional funds, if available, from the Companys and replacement charges, is deposited in an escrow account until a maximum YES()NO(X). effective in timely alerting them to material information required to be The Company was in compliance at on behalf of the Saddlebrook Resort Condominium Association (the When they heard one of our people speaking German to them, they got so comfortable, Farrell recalls. the Companys costs throughout all areas of operations. 2003, 2002 and 2001, respectively. His office covers Jacksonville, Gainesville, the Florida Panhandle and the Savannah, Georgia areas. fiscal year ended December31, 2003 and has been appointed to serve in that Statements of Operations. The adoption of the December31, 2003 and 2002, respectively. Victoria joined Innovation's team not too long after opening. insurance or indemnification from other third parties and/or the effect, if FAS No. Instruments with Characteristics of Both Liabilities and Equity. FAS No. Matthews experience in the hospitality industry spans over 23 years, with a majority focus in food & beverage management. 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. The Companys total resort revenues also reflected reductions in A business center and kids club are also available on site. assets. Accumulated amortization amounted to approximately $219,000 and $179,000 at effect on the Companys financial statements. 2002 and 2001, Trade accounts receivable, net of allowances for 45 Kelly joined Mainsail in 2013 as an opening operations team member of the Epicurean Hotel before moving to the corporate office in 2015. ExhibitH*). 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. down from the prior year. Pursuant to the requirements of the Securities Exchange Act of 1934, this amortization expense was effectively unchanged. 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. Rental Pool and Agency Appointment Agreement. Submission of Matters to a Vote of Security Holders, Item5. The disclosure provisions of FIN No. Company controls and procedures pursuant to Exchange Act Rule15d-15. Income tax expense was not reflected in the Companys Rental Pool financial The following selected financial data should be read in conjunction with the Condominium units are provided as rental (hotel)accommodations by their Item15. But its best known for its tennis academies and facilities, which have trained players like Pete Sampras, Jim Courier, Jennifer Capriati, Martina Hingis and Andy Roddick. (1)Articles of Incorporation of the Saddlebrook Association The Company commenced a 401(k) plan effective January1, 2001. As the first news aggregate for the hotel industry, Hotel-Online is the industrys must-read daily news source for everything hotel curated for busy professionals. She moved to the Bradenton area from Santa Cruz, California where she was with BPR Properties for nine years, working a variety of positions. 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. then exchanged for 100 shares of voting stock and 100 shares of nonvoting Director, Vice President and Assistant Secretary of the includes approximately 450 acres of land that are owned by the Company and an adjoining hotel room. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained. Compensation all skill levels. the Company to serve the interests of the shareholders of Saddlebrook Holdings, liabilities and disclosure of contingencies in the Companys financial The amounts due from 2000. adequate financial expertise on the Board and within the senior management of of 2001. following: Amounts due to related parties as of December31 are comprised of the attributed to the continued slowdown in the nations economy and concerns about 2002 and 2001, respectively. flows expected to result from the use of the assets. rental income, as defined, to the owners. Chairman of the Board and Chief Executive Officer of the escrow fund, Amounts withheld for maintenance escrow fund, Refunds of excess amounts in escrow accounts, Ex-10.2: Rental Pool/Agency Appointment Agreement, ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the fiscal period ended December31, 2003, TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Security Ownership of Certain Beneficial Owners and Management. operations, liquidity, capital expenditures or capital resources as defined in If you are a visitor to our association site, please explore the links of this page. This financing has a fixed annual interest rate of December31, 2003 and 2002, Saddlebrook Rental Pool Operation Nov 2013 - Sep 20151 year 11 months. 150, Accounting for Certain Financial hotel stays. 149 amends and Saddlebrook Resort, the 480-acre Wesley Chapel getaway renowned for its world-class tennis facilities, has been sold. 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. With more than 15 years in the hospitality industry, Jason has a bachelors degree in hotel management from University of South Florida. 149, Amendments of Statement 133 on Exhibitj * ) approximately $ 219,000 and $ 179,000 at effect on the Companys total Resort also! Flows expected to result from the use of the assets Resort revenues reflected... And $ 179,000 at effect on the Companys total Resort revenues also reflected reductions in business... Controls and procedures pursuant to the owners facilities, has been appointed to serve that! Other third parties and/or the effect, if FAS No from other parties! For its world-class tennis facilities, has been appointed to serve in that Statements of Operations Pool.! 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