Saddlebrook Resort has been in the middle of a reset that started with a change in ownership and is now moving into a new phase of upgrades and new development. The 480-acre property in Wesley Chapel was sold in 2022 to Mast Capital and Amzak Capital Management, and the partnership has since pursued both a large-scale resort renovation and a broader mixed-use redevelopment plan.

A quick look back at Saddlebrook’s roots

Saddlebrook opened in 1981 and became one of the first major destinations in what is now a fast-growing part of Pasco County. Longtime owner Thomas L. Dempsey purchased the property in 1988, and the resort built a reputation around golf, tennis, and group events.

Its sports legacy is a big part of the brand. Industry profiles of the resort highlight its long history as a training home for elite tennis, including the relocation of the Harry Hopman Tennis Academy to the property in the mid-1980s.

Who bought it, and what are they changing?

The new ownership group, Mast Capital and Amzak Capital Management, tied their plans to a major property-wide renovation budgeted at about $92 million. To help fund the work, the partnership secured a $72.5 million loan from Beach Point Capital Management, as outlined in multiple real estate and hospitality reports.

Recent coverage also notes Saddlebrook is part of the Benchmark Resorts & Hotels portfolio, which is operated by Pyramid Global Hospitality.

What’s already open, and what’s been upgraded

By late 2025, the resort publicly showcased renovations that touched nearly every part of the guest experience. Reports on the project say the renovation included all 451 guest rooms, updates to the lobby and common areas, new or revamped dining, and refreshed meeting and event space across the property.

Local-access membership is also part of the new strategy. Business reporting on the renovation says Saddlebrook introduced membership options designed to give area residents access to amenities like golf, racquet sports, fitness, and dining.

Golf and racquet sports are getting a major redesign

Golf is one of the most visible changes. Project updates say architect Rees Jones is reshaping the resort’s golf into three interchangeable nine-hole courses, supported by a new practice setup and rebuilt course features.

On the racquet side, the renovation rollout has included additional pickleball courts, and local coverage of the project’s ribbon cutting highlighted new pickleball additions and a new driving range as part of the overall upgrade. 

What’s still coming next

Two items locals are likely to notice soon are new food-and-beverage openings and continuing golf construction phases. One business report said a sports tavern was expected to open in early 2026, following the launch of other new dining concepts already in place. 

Golf course work is also expected to continue into 2026 based on published renovation schedules and course-planning updates shared through resort and industry channels. 

The bigger long-term plan includes housing, retail, and a town center

Beyond the resort itself, the ownership group has approvals tied to a larger redevelopment concept. Planning summaries published after county action describe a new town center with 465 rental apartments, 25 townhomes, 75,000 square feet of retail and office space, and a pedestrian promenade. Separate components discussed in those reports include an additional 120-unit townhome community and 25,000 square feet of commercial space.

Those same reports indicate infrastructure changes are part of the plan as well, including roadway and access improvements intended to help handle future activity around the property.

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