---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-010484"
form_type: "8-K"
ticker: null
cik: "0001745032"
company_name: "Lodging Fund REIT III, Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:44:16.699557+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lodging Fund REIT III CEO resigns; Norman Leslie appointed as CEO and Secretary

## Summary
- Corey R. Maple resigned as CEO and Secretary on May 19, 2023; remains Chairman of the Board.
- Norman H. Leslie, age 56, appointed CEO and Secretary effective May 19, 2023; retains President, CIO, Treasurer roles.
- Leslie co-owns external advisor Legendary Capital REIT III with Maple; related-party transactions disclosed including fees.
- A-1 Bonds line of credit increased to $13.3M; $10.7M outstanding as of May 25, 2023.
- NHS, majority-owned by Leslie, provides management services; company made $600K loan to NHS at 7% interest.

## SEC filing metadata
- accession: 0001558370-23-010484
- form_type: 8-K
- cik: 0001745032
- company_name: Lodging Fund REIT III, Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1745032/000155837023010484/0001558370-23-010484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745032/000155837023010484/lfr-20230519x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-010484
- JSON: https://secwatch.observer/filing/0001558370-23-010484.json
- Plain text: https://secwatch.observer/filing/0001558370-23-010484.txt

## Key facts
- Executive change
  Norman H. Leslie was appointed as Chief Executive Officer at Lodging Fund REIT III, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On May 19, 2023, the Company’s Board of Directors appointed Mr. Norman H. Leslie, age 56, as the Company’s Chief Executive Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745032/000155837023010484/0001558370-23-010484-index.htm
- Executive change
  Corey R. Maple resigned as Chief Executive Officer and Secretary at Lodging Fund REIT III, Inc..
  - Action: resigned
  - Role: Chief Executive Officer and Secretary
  source text: On May 19, 2023, Mr. Corey R. Maple tendered his resignation, effective May 19, 2023, as Chief Executive Officer and Secretary of Lodging Fund REIT III, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745032/000155837023010484/0001558370-23-010484-index.htm
- Executive change
  Norman H. Leslie was appointed as Secretary at Lodging Fund REIT III, Inc..
  - Action: appointed
  - Role: Secretary
  source text: The Company’s Board of Directors also appointed Mr. Leslie as the Company’s Secretary, effective May 19, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745032/000155837023010484/0001558370-23-010484-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.