---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-006700"
form_type: "8-K"
ticker: null
cik: "0001745032"
company_name: "Lodging Fund REIT III, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:35:25.353765+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Lodging Fund REIT III dismisses Marcum, appoints RJI as new auditor

## Summary
- Marcum dismissed as auditor effective May 1, 2025; no adverse opinion or qualified reports for FY2024 and FY2023.
- No disagreements with Marcum; only reportable event was a previously disclosed material weakness in internal controls related to a 2022 acquisition.
- The material weakness has been remediated as of December 31, 2024; controls are now effective.
- Audit Committee engaged RJI International CPAs as new independent auditor; no prior consultations on accounting matters.
- Marcum furnished letter to SEC agreeing with disclosures filed as Exhibit 16.1.

## SEC filing metadata
- accession: 0001558370-25-006700
- form_type: 8-K
- cik: 0001745032
- company_name: Lodging Fund REIT III, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1745032/000155837025006700/0001558370-25-006700-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745032/000155837025006700/lfr-20250501x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-006700
- JSON: https://secwatch.observer/filing/0001558370-25-006700.json
- Plain text: https://secwatch.observer/filing/0001558370-25-006700.txt

## Key facts
- Auditor Changes
  Lodging Fund REIT III, Inc. dismissed Marcum LLP as its auditor.
  - Action: dismissal
  - Auditor: Marcum LLP
  - Successor: RJI International CPAs
  source text: ​ (a) Dismissal of Independent Registered Public Accounting Firm ​ On May 1, 2025, based on the approval of the Audit Committee of the Board of Directors (the “Audit Committee”) of Lodging Fund REIT III, Inc. (the “Company”), the Company dismissed Marcum LLP (“Marcum”) as the Company’s independent registered public accounting firm, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745032/000155837025006700/0001558370-25-006700-index.htm
- Auditor Changes
  Lodging Fund REIT III, Inc. engaged RJI International CPAs as its auditor.
  - Action: engagement
  - Auditor: RJI International CPAs
  source text: ​ (b) New Independent Registered Public Accounting Firm ​ On May 1, 2025, based on the approval of the Audit Committee of the Company, the Company engaged RJI International CPAs (“RJI”), a nationally recognized accounting firm, as the Company’s new independent registered public accounting firm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745032/000155837025006700/0001558370-25-006700-index.htm

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