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Target Hospitality Extends and Amends Pecos Children's Center Contract, Projects $168 Million Annual Minimum Lease Revenue

Nov 18, 2024over 1 year ago

Contract Type

contract

The WoodlandsHospitalityHotel

Description

Target Hospitality Corp. announced the extension and amendment of the Company's Pecos Children's Center contract, reaffirmed its previously announced 2024 financial outlook and enhanced its strategic capabilities. The PCC Contract, effective November 16, 2024, supports a community capable of serving up to 6,000 individuals and will represent annual minimum lease revenue of approximately $168 million.

Company Information

Company

Target Hospitality

Location

The Woodlands, Texas, United States

About

Target Hospitality (formerly Target Lodging), is the largest provider of turnkey accommodations and integrated hospitality services in the United States with 22 communities and more than 10,000 beds in our network. We operate globally, even in the most remote environments. We support the oil, gas and mining industries with workforce housing and site services. We also provide governments and relief organizations with temporary lodging, culinary and hospitality services. Our large network, high-quality culinary services, differentiated amenities, and service-focused team all work together to enhance morale and improve retention for our customers in an increasingly competitive market. At Target Hospitality, you can rest assured that we’ll take care of your workforce off the job so they perform their best on the job.

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