November 28, 2018
Previously announced business combination on track to form Target Hospitality in first quarter 2019 Merger to create the U.S.’s largest provider of specialty rental accommodation space combining most attractive elements of premium catering and hospitality value-add services November 28, 2018 07:23 PM Eastern Standard Time Platinum Eagle Acquisition Corp. (Nasdaq:EAGL) (“Platinum Eagle”), a
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November 13, 2018
Combined company to be called Target Hospitality and expected to be listed on the Nasdaq Stock Market Transaction reflects an initial enterprise valuation for the combined entity of approximately $1.4 billion, or approximately 8.4x estimated 2019 pro forma Adjusted EBITDA(1), fully diluted and including transaction expenses Merger to create the U.S.’s largest provider of specialty rental
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September 10, 2018
Agreement Expands Target Lodging’s Network in Permian and Anadarko Basins THE WOODLANDS, TEXAS - (September 10, 2018) – Target Lodging, one of the largest providers of turnkey accommodations and hospitality solutions in North America, has entered into a lease and services agreement with Arrow Bidco, LLC (“Arrow”), a wholly owned subsidiary of funds managed by TDR Capital, to operate and
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July 16, 2018
Widespread 861-bed expansion complete and additional expansions announced THE WOODLANDS, TEXAS - (July 16, 2018) – Target Lodging, a global leader in remote accommodations and the largest provider of turnkey workforce housing and hospitality in the U.S., announced today the completion of a widespread expansion initiative in the Permian Basin and another phase of capacity expansion. The
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June 12, 2018
THE WOODLANDS, TEXAS - (June 12, 2018) – Target Lodging, a global leader in remote accommodations and the largest provider of turnkey workforce housing and hospitality in the U.S., announced today an expansion of its Mentone Lodge to 530 beds following a $55 million long-term contract renewal. Opened in early 2016, Wolf Camp is owned and operated by Target Lodging exclusively for employees
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June 06, 2018
BELFIELD, ND (Monday June 4th, 2018) – Meridian Energy Group, Inc., the leading developer of innovative and environmentally-compliant oil refining facilities, signed a Letter of Intent (“LOI”) today with Target Lodging (“Target”) of The Woodlands, Texas to provide the workforce housing for the Davis Refinery project coming to Belfield, North Dakota. This LOI establishes the terms and conditions
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May 31, 2018
THE WOODLANDS, TEXAS – May 31, 2018 – As Target Lodging looks to continue the strong market growth and product diversification it has achieved over the past several years, the company is pleased to announce that Troy Schrenk has been named Chief Commercial Officer (CCO). Since joining Target Logistics, now Target Lodging, in 2012, Troy has combined his deep knowledge of workforce
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February 12, 2018
120 premium rooms with private bedrooms, bathrooms to be added in Carlsbad, NM THE WOODLANDS, TEXAS – February 12, 2018 – Target Logistics Management, LLC ("Target Logistics"), a global leader in remote accommodations and the largest provider of turnkey workforce housing in the U.S., announced today a 120-bed expansion to its Carlsbad Lodge in New Mexico. The additional
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February 05, 2018
251 guest rooms and new sports grill to be added in Pecos, Texas THE WOODLANDS, TEXAS - (February 5, 2018) - Target Logistics Management, LLC ("Target Logistics"), a global leader in remote accommodations and the largest provider of turnkey workforce housing in the U.S., announced today a 251-bed expansion to its Pecos Lodge in West Texas. The additional private rooms will bring the lodge's total
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January 29, 2018
Odessa Lodge East and West to add 372 total rooms, enhance dining and recreation facilities THE WOODLANDS, TEXAS – January 29, 2018 – Target Logistics Management, LLC ("Target Logistics"), a global leader in remote accommodations and the largest provider of turnkey workforce housing in the U.S., announced today expansions of both the Odessa Lodge West and the Odessa Lodge East in West Texas,
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January 25, 2018
Delaware Basin facility will provide first-class amenities, service beginning in June 2018 THE WOODLANDS, TEXAS – January 25, 2018 – Target Logistics Management, LLC ("Target Logistics"), a global leader in remote accommodations and the largest provider of turnkey workforce housing in the U.S., announced today the addition of Mentone Lodge North, a 489-private room lodging facility in West
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