Lodging Fund REIT III CFO Samuel Montgomery Joins Board

Samuel Montgomery, chief financial officer of Lodging Fund REIT III, has been appointed to the company’s board of directors following the resignation of longtime member David Ekman.

Ekman stepped down on September 9, 2025, choosing not to seek re-election. His decision was unrelated to company operations or policies. That same day, the board named Montgomery to the open seat, ensuring no gap in leadership. He will stand for election at the 2025 annual stockholders’ meeting.

Background on Montgomery: He has served as CFO since October 2020, leading the company’s financial strategy and reporting. By joining the board, he brings direct financial oversight into governance, aligning management and board responsibilities more closely.

While Montgomery has not been assigned to committees, disclosures confirm there were no special agreements behind his appointment and no reportable transactions between him and the company.

Company Overview

Lodging Fund REIT III is headquartered in Fargo, North Dakota, and incorporated in Maryland. The company invests in hotel properties and operates under emerging growth company provisions, which allow for streamlined reporting.

Looking Ahead

With Ekman’s departure, the board loses a member with long tenure. At the same time, Montgomery’s appointment gives the company continuity by bringing its finance leader into a formal governance role. This move positions Lodging Fund REIT III to maintain steady oversight as it heads into its annual meeting.