ffiliates of Hemmeter Companies designed, developed and now operate Saddle Ranch Universal at Universal Studios in Los Angeles. This $3,000,000 project has proved to be an unqualified success. Annual revenues exceed $9,000,000 and it has single-handedly re-energized the City Walk development at Universal Studios. Recently, Hemmeter Companies' affiliate sold its ownership in Saddle Ranch Universal, but it retains rights to develop additional Saddle Ranch properties worldwide.