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  • Jun 19 2014
    Starwood Capital Group to Acquire TMI Hospitality...
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  • Jun 16 2014
    TMI Hospitality Opens Residence Inn in Niles, Ohio...
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  • Apr 20 2014
    TMI Hospitality Hotels Honored by Marriott, Hilton, Carlson...
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Career Opportunities

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Board of Directors

Lauris Molbert

Lauris Molbert

CEO and Chair of Board of Directors

Lauris Molbert is the CEO and Chairman of TMI Hospitality, Inc., which is headquartered in Fargo, ND ( TMI Hospitality develops, manages and owns select service and extended stay hotels across the United States. With over 4,500 team members, the company currently operates more than 180 hotels in 26 states. Prior to joining TMI Hospitality, Lauris served as Executive Vice President and Chief Operating Officer for Otter Tail Corporation (Nasdaq: OTTR). He graduated from the University of North Dakota School of Law and has an undergraduate degree in finance, accounting and banking from the University of North Dakota. He has served on numerous public, private and non-profit boards, including Sanford Health System Board of Trustees, Community First Bank Shares (Nasdaq: CFBX), BlackRidge Financial, Greater Fargo Moorhead Economic Development Corporation, MeritCare Health Systems, University of North Dakota Foundation and Alumni Association, and Arthur Ventures Fund.


Rick Larson

Rick Larson


Rick Larson has served as president of TMI Hospitality since 2006. In this role, he oversees all aspects of operations and development, as well as serving on the Board of Directors. He has also served as the chairman of the board. Previously, Rick has been the senior vice president of TMI Development, and as such, was responsible for all facets of hotel development and renovations as the company grew through the development phases of more than 400 properties across the United States. He began his career with Tharaldson Development Company in 1993 as the manager of the land acquisition and finance departments. Prior to his hospitality career, he was a teacher and coach in the Moorhead (Minn.) Public School system. He received his bachelor of science degree in education from Minnesota State University Moorhead.



Daniel Wilson, CPA

CFO, Corwin Automotive Group

Daniel Wilson has served on the TMI Hospitality board of directors since 2009. As CFO of Corwin Automotive Group, he oversees and is a partner in all of the Corwin Automotive Group and related entities’ businesses. He has been very active in several acquisitions and the growth of the company since joining the group. Prior to joining Corwin, he was a partner at Eide Bailly, managing the small business services, management services and tax departments. In addition to being a board member at TMI Hospitality, Mr. Wilson has also served as the president of the Fargo Downtown Business Association and the Fargo Country Club, and as a member on other community, civic and industry organization boards. He earned a degree in business administration with an emphasis in accounting from the University of Northern Colorado in Greeley, Colo.


Mark Smith

Mark Smith

CEO and Founder, Summit Business Advisors

As CEO and founder of Summit Business Advisors, Mark Smith helps lower middle market business owners create growth strategies, exit plans and business sale transaction strategies. Prior to establishing Summit Business Advisors, Mr. Smith enjoyed a 30 year banking career that covered a wide range of commercial banking duties and focused on helping business clients in several states and industries. His board experience includes being the founding organizer and director of Solera National Bancorp and the chairman of the board for WES Construction Company. He is a member of the National Association of Corporate Directors, the National Center of Employee Ownership and the ESOP Association.


Micheal Levy

Michael Levy

Global COO and CFO, Morgan Stanley Real Estate Investing

As COO and CFO for Morgan Stanley’s real estate investing division, Michael Levy oversees the firm’s financial and operating activities for its real estate equity investments around the world. Through targeted opportunistic and core investment strategies, Morgan Stanley manages nearly $40 billion in real estate investments in 25 countries for institutional and retail investors. Mr. Levy’s responsibilities include portfolio management and capital markets as well as financial reporting, regulatory, compliance and risk management. He is chairman of the division’s valuation committee, a senior member of the investment and risk committees and a member of the Industry Real Estate Finance Advisory Council, the Urban Land Institute and the Real Estate Roundtable’s Capital Markets Committee. Michael earned his bachelor’s degree from New York University’s Stern School of Business and his law degree from Brooklyn Law School.



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