Lamont Companies
Lamont Companies is a privately held, vertically integrated hospitality and real estate firm based in Aberdeen, SD that develops, owns, and manages hotels under Marriott, Hilton, and IHG brands, and also develops commercial and residential real estate across the Upper Midwest.
- Company typePrivate
- Founded1998
- HeadquartersAberdeen, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Lamont Companies does
Lamont Companies, Inc. (also operating as LCI) is a privately held, vertically integrated hospitality and real estate firm headquartered in Aberdeen, South Dakota, founded by Jeff Lamont in 1998. The company develops, owns, and manages a portfolio of hotel properties franchised under three of the largest global hotel brands—Marriott International, Hilton Hotels & Resorts, and Intercontinental Hotels Group (IHG)—covering select-service, extended-stay, and boutique brands such as Courtyard by Marriott, TownePlace Suites, Residence Inn, Fairfield Inn & Suites, AC Hotels, and Autograph Collection; Hilton's Hampton Inn & Suites and Homewood Suites; and IHG's Holiday Inn Express and Candlewood Suites. Operations are managed in-house across the Upper Midwest and select Mountain West and Southern states, including South Dakota, North Dakota, Minnesota, Iowa, Colorado, and Tennessee, with active new-build construction projects such as Candlewood Suites in Minnesota.
Beyond hospitality management, the firm operates a full turnkey stack that includes in-house development, construction, investment, and procurement, alongside ownership of standalone restaurants, convention centers, casinos, commercial retail and office properties (Shoppes on Broadway in Rochester, MN; Lafayette Mall, Melgaard, and Shoppes on 7th in Aberdeen, SD), and residential apartment communities (Willowwood, East Briar, Lofts at Main). The company also offers joint-venture partnerships and long-term hospitality and retail investment opportunities for outside investors, and the controlling Lamont family separately holds land and bank holding companies across South Dakota, North Dakota, and Minnesota.
Lamont's go-to-market relies on enterprise franchise relationships with major hotel brands, direct property ownership and management, and direct-to-consumer leasing for residential and commercial units. Revenue is generated through hospitality management fees, real estate leasing income, one-time development and construction project revenue, and joint-venture investment economics; pricing is not publicly disclosed and is handled through direct inquiry. The executive team—Jeff Lamont (CEO/President), Nate (COO since 2005), Chris (VP of Construction, 10+ years), and Lori Salfrank (CFO since March 2022)—has notable tenure continuity, and the firm has accumulated brand-level recognition including Marriott Silver Circle awards, IHG Torchbearer and Quality Excellence awards, and TripAdvisor Certificates of Excellence.
Lamont Companies firmographics
Firmographics- Name
- Lamont Companies
- Legal name
- Lamont Companies, Inc.
- Website
- https://lamontcompanies.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Lamont Companies is a privately held, vertically integrated hospitality and real estate firm based in Aberdeen, SD that develops, owns, and manages hotels under Marriott, Hilton, and IHG brands, and also develops commercial and residential real estate across the Upper Midwest.
- Ownership category
- akta.pro rank
Lamont Companies industry classification
Industry- Product category
- Hospitality and Real Estate Development
- NAICS
- Residential Property Managers (531311), Management of Companies and Enterprises (55111)
- SIC
- Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Multifamily (Apartment) Property Management (BPAJAGAD)
- akta.pro secondary industry
- Mixed-Use Property Management (BPAJAGAE)
Keywords
Where Lamont Companies is headquartered
LocationHeadquarters
- HQ city
- Aberdeen
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Lamont Companies business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Others
Revenue model
- Hospitality Management: Management of franchised hotels under major brands including Marriott, Hilton, and IHG. The company manages the entire operations of hotels, restaurants, convention centers, and casinos.
- Real Estate Development: Development of residential apartments, commercial properties, strip malls, and retail spaces for lease or sale.
- Construction Services: Full-service construction team providing building services for commercial and hospitality projects.
- Investment Opportunities: Joint venture partnerships in development projects and long-term hospitality and retail investment opportunities for investors.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Lamont Companies product offering
Product offeringCore offering
Lamont Companies is a turnkey real estate development, management, investment, construction, and procurement firm that develops, owns, and operates hotels under major franchise brands including Marriott International, Hilton Hotels & Resorts, and Intercontinental Hotels Group. In parallel, the company develops and leases commercial retail and office properties and operates residential apartment complexes, primarily in the Upper Midwest. The integrated platform spans market feasibility, site selection, financing, construction, ownership, and ongoing property management for hospitality and commercial real estate assets.
Product overview
Lamont Companies is a multi-unit hospitality management, development, construction, and investment firm founded in 1998, operating a portfolio of hotel properties under Hilton, Marriott International, and Intercontinental Hotels Group brands. The company offers a vertically integrated platform combining hospitality management services with real estate development, construction, and investment capabilities. Their product portfolio spans hotel management (including Courtyard, TownePlace Suites, Residence Inn, Fairfield Inn, Hampton Inn, Holiday Inn Express, Candlewood Suites, and AC Hotels brands), residential apartments, commercial/retail properties, and provides construction and development services to the hospitality industry. The company also offers investment partnership opportunities in hospitality development and real estate.
Differentiator
Problem solved
Functional benefit
Products and services
- Hospitality Management
Quantifiable outcome
- Successfully developed and managed multiple Holiday Inn Express Hotels and other branded properties across the Midwest
Companies that use Lamont Companies
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Lamont Companies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Lamont Companies partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Marriott InternationalcoreLamont Companies manages multiple Marriott brand hotels including Courtyard, TownePlace Suites, Residence Inn, Fairfield Inn & Suites, AC Hotels, and Autograph Collection properties. The partnership involves franchise management agreements with Marriott's brand standards and operational support.
- Hilton Hotels & ResortscoreLamont Companies manages Hilton brand hotels including Hampton Inn & Suites and Homewood Suites. The partnership involves franchise management with Hilton's brand standards and operational support.
- Intercontinental Hotels Group (IHG)coreLamont Companies manages IHG brand hotels including Holiday Inn Express and Candlewood Suites. The partnership involves franchise management with IHG's brand standards and operational support.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Lamont Companies competitors and assessment
Company assessmentDirect peers
- Atrium Hospitality: Hotel management company operating a portfolio of franchised and independent hotels across multiple brands including Marriott, Hilton, and IHG. Comparable as a third-party operator managing multi-brand franchise properties across secondary and tertiary U.S. markets.
- HP Hotels: Third-party hotel management company managing franchised properties across Hilton, Marriott, IHG, and Hyatt brands. Directly comparable to Lamont's hospitality management business model and multi-brand franchise approach.
- Chartwell Hospitality: Hotel ownership, development, and management company operating franchised properties under Hilton, Marriott, and IHG brands. Comparable in operating third-party managed multi-brand franchise hotels in U.S. markets.
- Hersha Hospitality Management: Hotel management subsidiary of Hersha Hospitality Trust, operating franchised boutique and lifestyle hotels under Marriott, Hilton, Hyatt, and IHG soft-brand collections. Comparable multi-brand franchise operator with selective upscale focus.
- Peachtree Hotel Group: Hotel investment, development, and management company operating franchised select-service and extended-stay hotels under Marriott, Hilton, and IHG brands. Comparable vertically integrated operator focused on franchise hotel development and management in secondary U.S. markets.
- Crescent Hotels & Resorts: Hotel management and ownership company operating franchised and independent properties under major brands including Marriott, Hilton, IHG, and Hyatt. Highly comparable vertically integrated hospitality operator with similar third-party management franchise model.
- Schulte Hospitality Group: Hotel development, ownership, and management company operating franchised properties under Marriott, Hilton, Hyatt, and IHG brands. Directly comparable multi-brand operator with development and management capabilities.
- McKibbon Hospitality: Hotel management, development, and construction firm operating franchised hotels under Marriott, Hilton, IHG, and Hyatt brands. Highly comparable vertically integrated model combining development, construction, and third-party hotel management.
Broad incumbents
- Marcus & Millichap: Large commercial real estate investment sales and brokerage firm. Comparable as a broader real estate services player relevant to Lamont's commercial property and investment partnership operations, though at much larger scale and with brokerage as the primary focus.
- Mortenson: National construction, real estate development, and infrastructure firm with significant hospitality and commercial construction experience. Comparable for Lamont's in-house construction and development operations, though at substantially larger scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Lamont Companies social profiles
Digital presenceLamont Companies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lamont Companies leadership team
Management profileNumber of profiles
Profiles4 records
Lamont Companies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lamont Companies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lamont Companies
What does Lamont Companies do?
Lamont Companies is a turnkey real estate development, management, investment, construction, and procurement firm that develops, owns, and operates hotels under major franchise brands including Marriott International, Hilton Hotels & Resorts, and Intercontinental Hotels Group. In parallel, the company develops and leases commercial retail and office properties and operates residential apartment complexes, primarily in the Upper Midwest. The integrated platform spans market feasibility, site selection, financing, construction, ownership, and ongoing property management for hospitality and commercial real estate assets.
Is Lamont Companies a public or private company?
Lamont Companies is a private company. It is classified as family owned and is currently operating.
When was Lamont Companies founded?
Lamont Companies was founded in 1998. It employs 1,001 to 5,000 people.
Where is Lamont Companies based?
Lamont Companies is headquartered in Aberdeen, United States, in the North America region.
How does Lamont Companies make money?
Four revenue lines are on record. Hospitality Management is the primary driver. The others are real Estate Development, construction Services and investment Opportunities.
Who are Lamont Companies's main competitors?
Direct peers on record are Atrium Hospitality, HP Hotels, Chartwell Hospitality, Hersha Hospitality Management, Peachtree Hotel Group, Crescent Hotels & Resorts, Schulte Hospitality Group and McKibbon Hospitality. Broad incumbents are Marcus & Millichap and Mortenson.
Does Lamont Companies have an API?
No public API is recorded for Lamont Companies.
What industry is Lamont Companies in?
Lamont Companies's product category is Hospitality and Real Estate Development. Its primary akta.pro industry code is BPAJAGAD, Multifamily (Apartment) Property Management, with a secondary code of BPAJAGAE, Mixed-Use Property Management. Its NAICS code is 531311 and its SIC code is 6513.