Target Hospitality

Workforce Housing & Hospitality Servicestargethospitality.com

Target Hospitality Corp. (NASDAQ:TH) is a vertically integrated modular workforce housing and hospitality services provider operating 31 sites with 16,000+ rooms across major US and Canadian energy basins, serving Fortune 500 enterprises, government clients, and (increasingly) hyperscaler AI data center builds.

Company typePublic
Founded1978
HeadquartersThe Woodlands, United States
Headcount501–1,000
GTM typeB2B
OfferingServices

What Target Hospitality does

Target Hospitality Corp. (NASDAQ:TH) is a vertically integrated specialty rental and hospitality services company that designs, develops, builds, owns, operates, and maintains modular workforce accommodations under its proprietary DDBOOM model. The company operates 31 lodge sites with more than 16,000 rooms across major US oil and gas basins (Permian Basin, Bakken, Anadarko) and one Canadian location in Alberta, with 21 sites and 12,000 rooms concentrated within a 50-minute drive of Permian Basin worksites. Its service stack spans Facilities Construction, Facilities Services (janitorial, maintenance, transportation, security), the Target Culinary™ food service brand, and the Hibernator Sleep System™, delivered through a mobile application for guest engagement.

The company generates revenue through multi-year enterprise contracts with Fortune 500 corporations and government entities, with per-night rates that range from $78.35 (effective rate per case study) to $110 all-inclusive. Historical anchor customers include Hess, Halliburton, Baker Hughes, ConocoPhillips, EOG Resources, Schlumberger, Weatherford, Freeport-McMoRan, Republic Services, and Harley-Davidson, alongside government contracts (ICE/Dilley processing center) and large event contracts (Salt Lake and Vancouver Olympics). In 2025, Target Hospitality reported revenue of $320.6M with a net loss of $37.1M.

Target Hospitality is executing a strategic pivot from traditional energy and government clients into AI and data center infrastructure, formalized through the October 2025 launch of its Target Hyper/Scale sub-brand and the signing of a $550M minimum contract with a top-five hyperscaler (April 2026) and a $750M, 48-month AI Infrastructure Community contract (May 2026). With over $2.0B in multi-year contract awards since February 2025, a 20,000+ bed pipeline, and 2026 revenue guidance of $370-$380M, the company is positioning to capture a disproportionate share of workforce housing demand from US AI infrastructure build-out. Ownership remains concentrated, with corporate insiders (including TDR Capital-affiliated entities) holding approximately 68% of outstanding shares.

Target Hospitality firmographics

Firmographics

Name: Target Hospitality
Legal name: Target Hospitality Corp.
Website: https://targethospitality.com
Company type: Public
Founded year: 1978
Operating status: Operating
Headcount range: 501–1,000 employees
Short description: Target Hospitality Corp. (NASDAQ:TH) is a vertically integrated modular workforce housing and hospitality services provider operating 31 sites with 16,000+ rooms across major US and Canadian energy basins, serving Fortune 500 enterprises, government clients, and (increasingly) hyperscaler AI data center builds.
Ownership category
akta.pro rank

Target Hospitality industry classification

Industry

Product category: Workforce Housing & Hospitality Services
NAICS: Hotels (except Casino Hotels) and Motels (72111), Traveler Accommodation (7211), Other Traveler Accommodation (72119), Food Service Contractors (722310)
SIC: Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Agents & Managers (For Others) (6531)
akta.pro primary industry: Value Inn / No-Frills Hotels (THAGABAL)
akta.pro secondary industries: Lodging Booking & Accommodation Management (HSACAKAC), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

Workforce housing services
Modular accommodations
Remote workforce lodging
Hospitality services
Specialty rental housing

Where Target Hospitality is headquartered

Location

Headquarters

HQ city: The Woodlands
HQ country: United States
HQ region: North America

Offices5 records

Markets served

Target Hospitality business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Revenue model

Workforce Housing Contracts: Multi-year contract revenue from housing and hospitality services. Q1 2026 revenue of $72.8M with over $2.0B in multi-year contract awards since February 2025. Includes $550M+ hyperscale data center deal and $750M AI Infrastructure Community contract.
Per-Night Accommodation Fees: Room rental revenue from workforce housing. Rates from $78.35 per person effective rate (case study) to $110 all-inclusive. Traditional hotels were $300/night before their solution.
Hospitality Services: Value-added services including culinary, housekeeping, transportation, security, laundry, and facilities management. Part of integrated turnkey solution.
Data Center Workforce Housing: Growing revenue stream from housing construction workers for AI/data center projects. $331M in data center-related contracts over two years. $550M minimum contract for 4,000 workers supporting hyperscaler data center development.

Pricing tiers

Model	Billing	Price
Unit Pricing	Multi-year contract	All-inclusive workforce housing rate
Other	Multi-year contract	Enterprise contract pricing

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Target Hospitality product offering

Product offering

Core offering

Target Hospitality is the largest U.S. provider of vertically integrated modular workforce accommodations and hospitality services, operating a Lodge Network of 31 sites with more than 16,000 rooms across major North American energy and infrastructure basins. The company builds, owns, operates, and maintains remote workforce communities under its DDBOOM model, bundling housing with culinary, housekeeping, transportation, security, and facilities management. It serves Fortune 500 companies and government clients in energy, data center/AI infrastructure, mining, and government/detention sectors through multi-year contracts.

Product overview

Target Hospitality is a vertically integrated workforce housing and hospitality services company operating as a platform with multiple service brands and modules. The core offering consists of building, operating, and maintaining modular workforce accommodations across 31 lodge network locations with over 16,000 rooms. Key product components include: Target Culinary™ branded food services, the Target Hyper/Scale sub-brand serving data center and AI infrastructure clients, Facilities Construction (DDBOOM turnkey building services), Facilities Services (janitorial, maintenance, transportation, security), and a mobile application for guest engagement. The company serves diverse industries including energy, infrastructure, mission-critical/data centers, and business services.

Differentiator

Problem solved

Functional benefit

Brands

Target Culinary™: Culinary and food services brand providing meals, catering, and nutrition services for workforce accommodations.
Target Hyper/Scale

Products and services

Target Hospitality Workforce Housing Vertically integrated modular workforce housing for remote industrial and infrastructure projects, bundling accommodations with food, housekeeping, transportation, security, and facilities management for enterprise customers.
Target Culinary™ Proprietary culinary brand delivering on-site food service for workforce communities, including three hot meals daily, 24-hour food access, gourmet options, salad bars, BBQ, and nutrition programming with certified nutritionists.
Target Hyper/Scale Sub-brand for mission-critical data center and AI infrastructure projects, bundling HYPER/BUILD (land sourcing, construction, IT services), HYPER/HOSPITALITY (administrative and hospitality management), and HYPER/CARE (safety, security, medical services) into a single turnkey workforce community offering.
Facilities Construction Design, Develop, Build, Own, Operate, and Maintain (DDBOOM) turnkey construction service using systems-built modular technology to deliver and, where needed, relocate workforce housing facilities on accelerated timelines.
Facilities Services Comprehensive facilities operations offering covering janitorial services, facilities management, maintenance and housekeeping, transportation and logistics, and security services for workforce communities.
Lodge Network Physical network of 31 modular lodge sites with more than 16,000 rooms in major U.S. and Canadian energy and infrastructure regions, including 21 sites and 12,000 rooms within a 50-minute drive of Permian Basin worksites.
Target Hospitality Mobile App Companion mobile app for guests of Target Hospitality lodges, enabling assistance requests, menu access, local information and weather, and feedback during their stay.

Quantifiable outcome

Retention increased by 66% (330 employees saved for 1000-person workforce at $35,000 cost per hire)
+4 more outcomes

Companies that use Target Hospitality

Customer profile

Named customers15 records

Segments5 records

Ideal customer profiles3 records

Target Hospitality technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Target Hospitality partnerships and signals

Strategic signal

Partnerships

Eleven partnerships are on record, tiered minor, flagship, core and major.

Paul HohnsbeenminorOthers · 5 May 2026Appointed to Board of Directors as independent director. Over 30 years experience in data center operations and digital infrastructure. Previously COO at Aligned Data Centers and held leadership roles at Equinix.
Top Five Hyperscaler (Unnamed)flagshipStrategic or Co-development Partner · 1 April 2026$550 million minimum contract for workforce housing supporting AI data center construction in North Texas. 4,000 rooms, five-year term extendable to 2035. Represents company's largest single award within technology vertical.
Hess CorporationcoreStrategic or Co-development PartnerFortune 500 energy exploration company and corporate partner. VP Supply Chain testimonial: 'It is critical for us to make sure our employees are well fed, that they're happy and that they have a good night's rest. Target Hospitality answers all those needs.'
Halliburton CorporationcoreStrategic or Co-development PartnerMajor oilfield services company and corporate partner. Senior Vice President stated: 'Target Hospitality has helped Halliburton reduce attrition, increase morale and enhance productivity through its network solution.'
Baker HughescoreStrategic or Co-development PartnerGlobal energy technology company listed as corporate partner utilizing workforce housing services across Target's Lodge Network.
ConocoPhillipscoreStrategic or Co-development PartnerMajor international energy exploration and production company listed as corporate partner.
EOG ResourcescoreStrategic or Co-development PartnerLarge independent oil and gas exploration company listed as corporate partner.
Republic ServicesminorStrategic or Co-development PartnerWaste management company with testimonial: 'Besides the improvement in productivity and safety, the difference in employee morale has been incredible.' Per Senior Project Manager.
Harley-DavidsonminorStrategic or Co-development PartnerMajor manufacturing company utilizing workforce housing for 100th Anniversary event with 9,000 attendees.
Freeport-McMoRancoreStrategic or Co-development PartnerMajor mining company listed as corporate partner.
Galaxy Digital Inc.majorStrategic or Co-development PartnerConverting former Bitcoin mining facility into 1.6 gigawatt AI data center complex in Dickens County, Texas. Target Hospitality signed $132M in contracts for workforce housing supporting this project.

Scale indicators13 records

Recent moves8 records

Expansion highlights4 records

Target Hospitality competitors and assessment

Company assessment

Market position

Strengths4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Target Hospitality compliance and trust

Trust signal

Compliance1 record

Target Hospitality financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Target Hospitality leadership team

Management profile

Number of profiles

Profiles9 records

Target Hospitality funding detail

Funding detail

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Target Hospitality M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Target Hospitality

What does Target Hospitality do?

Is Target Hospitality a public or private company?

Target Hospitality is a public company. It is classified as public and is currently operating.

When was Target Hospitality founded?

Target Hospitality was founded in 1978. It employs 501 to 1,000 people.

Where is Target Hospitality based?

Target Hospitality is headquartered in The Woodlands, United States, in the North America region.

How does Target Hospitality make money?

Four revenue lines are on record. Workforce Housing Contracts are the primary driver. The others are per-Night Accommodation Fees, hospitality Services and data Center Workforce Housing.

Does Target Hospitality have an API?

No public API is recorded for Target Hospitality.

What industry is Target Hospitality in?

Target Hospitality's product category is Workforce Housing & Hospitality Services. Its primary akta.pro industry code is THAGABAL, Value Inn / No-Frills Hotels, with a secondary code of HSACAKAC, Lodging Booking & Accommodation Management. Its NAICS code is 72111 and its SIC code is 7011.