Form D Raw Data - Electronic Filing Depository

EFDID: 344301EFD: Raw Data

Issuer: Lodging Fund REIT III OP, LP (0001817471) - D/A

Accession: 0001817471-21-000005 () (EDGAR Files) (Form D)

Edgar Posted: Aug. 11, 2021
EFD Posted: Aug. 11, 2021

- < edgarSubmission >

< schemaVersion > X0708 </ schemaVersion >

< submissionType > D/A </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001817471 </ cik >

< entityName > Lodging Fund REIT III OP, LP </ entityName >

- < issuerAddress >

< street1 > 1635 43rd Street South, Suite 205 </ street1 >

< city > FARGO </ city >

< stateOrCountry > ND </ stateOrCountry >

< stateOrCountryDescription > NORTH DAKOTA </ stateOrCountryDescription >

< zipCode > 58103 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > (701) 630-6500 </ issuerPhoneNumber >

< jurisdictionOfInc > DELAWARE </ jurisdictionOfInc >

- < issuerPreviousNameList >

< value > None </ value >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< value > None </ value >

</ edgarPreviousNameList >

< entityType > Limited Partnership </ entityType >

- < yearOfInc >

< withinFiveYears > true </ withinFiveYears >

< value > 2018 </ value >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Corey </ firstName >

< middleName > R. </ middleName >

< lastName > Maple </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 1635 43rd Street South, Suite 205 </ street1 >

< city > Fargo </ city >

< stateOrCountry > ND </ stateOrCountry >

< stateOrCountryDescription > NORTH DAKOTA </ stateOrCountryDescription >

< zipCode > 58103 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > CEO and Secretary of the Issuer's General Partner </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Norman </ firstName >

< middleName > H. </ middleName >

< lastName > Leslie </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 1635 43rd Street South, Suite 205 </ street1 >

< city > Fargo </ city >

< stateOrCountry > ND </ stateOrCountry >

< stateOrCountryDescription > NORTH DAKOTA </ stateOrCountryDescription >

< zipCode > 58103 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Investment Officer & Treasurer of the Issuer's General Partner </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > N/A </ firstName >

< lastName > Lodging Fund REIT III, Inc. </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 1635 43rd Street South, Suite 205 </ street1 >

< city > Fargo </ city >

< stateOrCountry > ND </ stateOrCountry >

< stateOrCountryDescription > NORTH DAKOTA </ stateOrCountryDescription >

< zipCode > 58103 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Promoter </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > General Partner of the Issuer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > N/A </ firstName >

< lastName > Legendary Capital REIT III, LLC </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 1635 43rd Street South, Suite 205 </ street1 >

< city > Fargo </ city >

< stateOrCountry > ND </ stateOrCountry >

< stateOrCountryDescription > NORTH DAKOTA </ stateOrCountryDescription >

< zipCode > 58103 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Promoter </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Commercial </ industryGroupType >

</ industryGroup >

- < issuerSize >

< revenueRange > Decline to Disclose </ revenueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06b </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > true </ isAmendment >

< previousAccessionNumber > 0001817471-21-000003 </ previousAccessionNumber >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2020-07-20 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > true </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isEquityType > true </ isEquityType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

< clarificationOfResponse />

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 250000 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > MARK T. LAMKIN </ recipientName >

< recipientCRDNumber > 2121510 </ recipientCRDNumber >

< associatedBDName > CALTON & ASSOCIATES INC </ associatedBDName >

< associatedBDCRDNumber > 20999 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 901 Lily Creek Rd Suite 102 </ street1 >

< city > Louisville </ city >

< stateOrCountry > KY </ stateOrCountry >

< stateOrCountryDescription > KENTUCKY </ stateOrCountryDescription >

< zipCode > 40243 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IN </ state >

< description > INDIANA </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > RI </ state >

< description > RHODE ISLAND </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > TAHER ALI GILANI </ recipientName >

< recipientCRDNumber > 2381502 </ recipientCRDNumber >

< associatedBDName > CALTON & ASSOCIATES INC </ associatedBDName >

< associatedBDCRDNumber > 20999 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 8304 Briarwood Lane </ street1 >

< city > AUSTIN </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78757 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > NIGEL J. BOWMAN </ recipientName >

< recipientCRDNumber > 2022439 </ recipientCRDNumber >

< associatedBDName > CALTON & ASSOCIATES INC </ associatedBDName >

< associatedBDCRDNumber > 20999 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 13111 Westheimer Road Suite 475 </ street1 >

< city > Houston </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 77077 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NY </ state >

< description > NEW YORK </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > JAMES JOSEPH TODDY </ recipientName >

< recipientCRDNumber > 26326687 </ recipientCRDNumber >

< associatedBDName > CENTER STREET SECURITIES INC </ associatedBDName >

< associatedBDCRDNumber > 26898 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 7702 East Doubletree Ranch RD Suite 300 </ street1 >

< city > Scottsdale </ city >

< stateOrCountry > AZ </ stateOrCountry >

< stateOrCountryDescription > ARIZONA </ stateOrCountryDescription >

< zipCode > 85258 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > TODD R. RHINE </ recipientName >

< recipientCRDNumber > 2384366 </ recipientCRDNumber >

< associatedBDName > IBN FINANCIAL SERVICES INC </ associatedBDName >

< associatedBDCRDNumber > 42360 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 7 Finch Street </ street1 >

< city > Hilton Head Island </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29926 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > JOHN M BUTLER </ recipientName >

< recipientCRDNumber > 1951436 </ recipientCRDNumber >

< associatedBDName > INVESTMENT SECURITY CORPORATION </ associatedBDName >

< associatedBDCRDNumber > 47536 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 7240 S HIGHLAND DR SUITE 103 </ street1 >

< city > SALT LAKE CITY </ city >

< stateOrCountry > UT </ stateOrCountry >

< stateOrCountryDescription > UTAH </ stateOrCountryDescription >

< zipCode > 84121 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > WY </ state >

< description > WYOMING </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > BO WANG </ recipientName >

< recipientCRDNumber > 2394019 </ recipientCRDNumber >

< associatedBDName > LANDOLT SECURITIES INC </ associatedBDName >

< associatedBDCRDNumber > 28352 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 17 Canoe Brook Dr. </ street1 >

< city > Livingston </ city >

< stateOrCountry > NJ </ stateOrCountry >

< stateOrCountryDescription > NEW JERSEY </ stateOrCountryDescription >

< zipCode > 07039 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > G ANTHONY HARRIGAN </ recipientName >

< recipientCRDNumber > 1817525 </ recipientCRDNumber >

< associatedBDName > Lion Street Financial LLC </ associatedBDName >

< associatedBDCRDNumber > 165828 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4770 Baseline Rd Suite 380 </ street1 >

< city > Boulder </ city >

< stateOrCountry > CO </ stateOrCountry >

< stateOrCountryDescription > COLORADO </ stateOrCountryDescription >

< zipCode > 80303 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > WY </ state >

< description > WYOMING </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > GREGORY A BALDWIN </ recipientName >

< recipientCRDNumber > 1476397 </ recipientCRDNumber >

< associatedBDName > PURSHE KAPLAN STERLING INVESTMENTS </ associatedBDName >

< associatedBDCRDNumber > 35747 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 8800 SE Sunnyside Road Suite 213N </ street1 >

< city > Clackamas </ city >

< stateOrCountry > OR </ stateOrCountry >

< stateOrCountryDescription > OREGON </ stateOrCountryDescription >

< zipCode > 97015 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > MOHAMED ELDAWY </ recipientName >

< recipientCRDNumber > 6489642 </ recipientCRDNumber >

< associatedBDName > VESTECH SECURITIES INC </ associatedBDName >

< associatedBDCRDNumber > 41409 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 12 Greenway Plaza Suite 1100 </ street1 >

< city > Houston </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 77046 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > KENNETH C. ZUPO </ recipientName >

< recipientCRDNumber > 4509502 </ recipientCRDNumber >

< associatedBDName > WHITEHALL-PARKER SECURITIES INC </ associatedBDName >

< associatedBDCRDNumber > 10608 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1990 N. CALIFORNIA BLVD. 8TH FLOOR </ street1 >

< city > WALNUT CREEK </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94596 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > JEFFREY T KENNEDY </ recipientName >

< recipientCRDNumber > 5094149 </ recipientCRDNumber >

< associatedBDName > CENTER STREET SECURITIES INC </ associatedBDName >

< associatedBDCRDNumber > 26898 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 721 N. 24TH STREET </ street1 >

< city > QUINCY </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 62301 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > LAWRENCE ALAN HARDEE </ recipientName >

< recipientCRDNumber > 1701419 </ recipientCRDNumber >

< associatedBDName > CENTER STREET SECURITIES INC </ associatedBDName >

< associatedBDCRDNumber > 26898 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 116 WILSON PIKE CIRCLE SUITE 202 </ street1 >

< city > BRENTWOOD </ city >

< stateOrCountry > TN </ stateOrCountry >

< stateOrCountryDescription > TENNESSEE </ stateOrCountryDescription >

< zipCode > 37027 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > PETER K. JOHNSON </ recipientName >

< recipientCRDNumber > 1371966 </ recipientCRDNumber >

< associatedBDName > CENTER STREET SECURITIES INC </ associatedBDName >

< associatedBDCRDNumber > 26898 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 925 MEZZANINE DRIVE SUITE C </ street1 >

< city > LAFAYETTE </ city >

< stateOrCountry > IN </ stateOrCountry >

< stateOrCountryDescription > INDIANA </ stateOrCountryDescription >

< zipCode > 47905 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CO </ state >

< description > COLORADO </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > WILLIAM PAUL EVENS </ recipientName >

< recipientCRDNumber > 5375352 </ recipientCRDNumber >

< associatedBDName > CENTER STREET SECURITIES INC </ associatedBDName >

< associatedBDCRDNumber > 26898 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 115 EAST MAIN STREET </ street1 >

< city > MARION </ city >

< stateOrCountry > VA </ stateOrCountry >

< stateOrCountryDescription > VIRGINIA </ stateOrCountryDescription >

< zipCode > 24354 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > BEN PERRY SHIELDS JR </ recipientName >

< recipientCRDNumber > 421999 </ recipientCRDNumber >

< associatedBDName > CROWN CAPITAL SECURITIES, L.P. </ associatedBDName >

< associatedBDCRDNumber > 6312 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3713 WIMBLEDON RD </ street1 >

< city > NASHVILLE </ city >

< stateOrCountry > TN </ stateOrCountry >

< stateOrCountryDescription > TENNESSEE </ stateOrCountryDescription >

< zipCode > 37215 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > TN </ state >

< description > TENNESSEE </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > JASON DOUGLAS STONE </ recipientName >

< recipientCRDNumber > 5455271 </ recipientCRDNumber >

< associatedBDName > CROWN CAPITAL SECURITIES </ associatedBDName >

< associatedBDCRDNumber > 6312 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 333 CITY BLVD WEST SUITE 2050 </ street1 >

< city > ORANGE </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92868 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AL </ state >

< description > ALABAMA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 20000000 </ totalOfferingAmount >

< totalAmountSold > 10539494 </ totalAmountSold >

< totalRemaining > 9460506 </ totalRemaining >

< clarificationOfResponse />

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 78 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 731917 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

</ findersFees >

< clarificationOfResponse />

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 0 </ dollarAmount >

</ grossProceedsUsed >

< clarificationOfResponse />

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > Lodging Fund REIT III OP, LP </ issuerName >

< signatureName > /s/Corey R. Maple </ signatureName >

< nameOfSigner > Corey R. Maple </ nameOfSigner >

< signatureTitle > CEO and Secretary of the Issuer's General Partner </ signatureTitle >

< signatureDate > 2021-08-11 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >