Target Hospitality Corp. (TH) 2021年年度报告「NASDAQ」.pdf

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1、19MAR202017133202|ANNUAL REPORT2021ABOUT TARGET HOSPITALITYTarget Hospitality Corp.(Nasdaq:TH)is one of the largest vertically integrated specialty rentaland hospitality services companies in North America.We have an extensive network ofgeographically relocatable specialty rental accommodation units

2、 with 15,528 beds across 27communities(of which 26 are owned and 1 is leased).We also operate 1 community not ownedor leased by the Company.The majority of our revenues are generated under multi-yearcommitted contracts which provide visibility to future earnings and cash flows.We believe ourcustomer

3、s enter into contracts with us because of our differentiated scale and ability to deliverpremier accommodations and in-house culinary and hospitality services across many keygeographies in which they operate.For the year ended December 31,2021,we generatedrevenues of approximately$291 million.Approx

4、imately 69.7%of our revenue was earned fromspecialty rental with vertically integrated hospitality,specifically lodging and related ancillaryservices,whereas the remaining 30.3%of revenues were earned through leasing of lodgingfacilities(26.4%)and construction fee income(3.9%)for the year ended Dece

5、mber 31,2021.Target Hospitality,though initially founded in 1978,began operating as a specialty rental andhospitality services company in 2006.Our company operates across the U.S.,primarily in theSouthwest and the Midwest.We also own and operate the largest family residential center in theU.S.Target

6、 Hospitality provides comprehensive turnkey solutions to customers unique needs,from the initial planning stages through the full cycle of development and ongoing operations.We provide cost-effective and customized specialty rental accommodations,culinary servicesand hospitality solutions,including