ABOUT LAMONT COMPANIES

Founded by Jeff Lamont in 1998, Lamont Companies began undertaking their first project, a Holiday Inn Express in Aberdeen, SD. From these unassuming beginnings, and with the help of a dedicated team, Mr. Lamont has aggressively developed many franchised hotels, convention centers, restaurants, strip malls, apartment developments, and casinos throughout the United States. During this expansive growth, Mr. Lamont and his team mastered every facet of modern hospitality development and management, providing for the foundation and inception of what is now a first-rate, multi-unit hotel management, and development company. LCI continues to grow in the hospitality market with several developments in various stages of construction. With a focus on new-build properties, LCI consistently develops quality products in every market it enters. Going beyond the requirements of each brand or tenant, LCI ensures its customer’s comfortable accommodations in inviting surroundings with gracious hospitality. We are a full, turnkey real estate development, management, investment, construction, and procurement company catering to the hospitality and development industries.

 Jeff – CEO/President

Jeff - CEO of Lamont Companies

Jeff is from Aberdeen, SD, and attended Aberdeen Central high school. He graduated from Augustana College, receiving a B.S. degree in business management and accounting. Upon graduation, he returned to Aberdeen and started Lamont Companies Inc., a management, development, construction, and investment firm. He and his partners developed, owned, and managed multiple Holiday Inn Express Hotels in the Midwest, starting with Aberdeen, SD. He is responsible for the entire development process, including market feasibility, site selection, financing, construction, and property management.

Over the past 20+ years, Lamont Companies, Inc. as a general partner, has developed, owned, and managed many hotels with brands, including Intercontinental Hotels Group, Hilton Hotels & Resorts, and Marriott International.

Jeff has expanded his portfolio to include investments outside of the hotel industry. He has developed, constructed, and managed retail malls, convention centers, restaurants, casinos, office space, and general contracting. The Lamont family also owns various land and bank holding companies in South Dakota, North Dakota, and Minnesota.

Over the years, Jeff has acquired a professional staff of regional and general managers, project managers, accountants, architects, construction executive supervisors, bookkeepers, developers, and hotel staff. He has prided himself on having the brightest team performing the best possible services. Through his hard work, honesty, and integrity, he has created lasting relationships with respective subcontractors, vendors, various City Councils, investment partners, land owners, customers, and hotel franchises.

Jeff currently resides in Aberdeen, SD, with his wife and two children.

Nate – Vice President of Operations

Nate - Vice President of Operations at Lamont Companies

Nate is Vice President of Operations for Lamont Companies. He is responsible for the overall operations of all hotels, restaurants, convention centers, and casinos for LCI’s growing portfolio of hospitality businesses. Nate brings more than a decade of hospitality industry experience with a ground-up knowledge of all operations. Nate joined LCI when the company only had a couple of locations.

In his current role, Nate oversees all regions across the U.S., successfully steering every phase of the business, from opening new hotels, human resources, sales, and marketing, to financial management. Before joining LCI in December of 2005, Nate was a commercial insurance broker specializing in risk management in the hospitality industry. Nate graduated with honors from Black Hills State University with a bachelor’s degree in Business Management and a minor in Economics.

Nate resides in Aberdeen, SD, with his wife and three children. When not working or spending time with his family he enjoys the beautiful S.D. outdoors hunting and fishing.

Chris – Vice President of Construction

Chris - Vice President of Construction with Lamont Companies

Chris is from Aberdeen, SD, and attended Aberdeen Central high school. He is responsible for the entire construction process, including hiring and supervising project managers, negotiating pricing with contractors, writing contracts for subcontractors, and coordinating team members.

Over the past 10 years, Chris has overseen all facets of Lamont Companies’ construction projects from beginning to end. He plans, executes, and finalizes projects according to strict deadlines and stays within the given budget. Chris also defines the project’s objectives and oversees quality control throughout its life cycle.

Chris resides in Aberdeen with his wife and two children.

Todd – Vice President of Design & Procurement

Todd - Vice President of Procurement at Lamont Companies

Todd is from Aberdeen, SD, and graduated from Augustana University in Sioux Falls, SD, where he attained his B.S. degree in business management with an emphasis in entrepreneurship and marketing. Upon graduation, he returned to Aberdeen and started working for Lamont Companies. He is responsible for running Lamont Companies, Inc’s design and procurement department.

Over the past 8 years, Todd has worked with Lamont Companies, Inc. to construct many properties. Over the years, Todd has acquired many contacts and acquaintances in the hotel procurement industry. From this list of references and experience, he can hit budget numbers far below industry average budget numbers while maintaining an above-standard finished product.

Todd lives in Aberdeen, SD, with his wife and three children.

Lori – Chief Financial Officer

Lori Salfrank joined Lamont Companies in January 2021 as Corporate Controller and became CFO in March 2022. She has over 20 years of accounting experience as Regional Director of Business Operations for Dakota Media Group in Aberdeen, South Dakota, which included Aberdeen and Watertown, South Dakota. Before that she was a staff accountant at a local accounting firm.

Lori attended Augustana College in Sioux Falls, South Dakota, where she majored in Accounting. In 1995, she graduated with a Bachelor of Science in Business Management and Accounting from Northern State University, Aberdeen, South Dakota.

Community involvement is important to Lori as she is currently on the board of directors for the Aberdeen Area Salvation Army. She was on the board of Habitat for Humanity for 9 years and Junior Achievement for 10 years.