Target Hospitality Corp. (TH) 2023年年度报告「NASDAQ」.pdf

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1、19MAR202017133202|ANNUAL REPORT2023 2023 Annual Report ABOUT TARGET HOSPITALITY Target Hospitality Corp.(Nasdaq:TH)is one of the largest vertically integrated specialty rental and hospitality services companies in North America.We have an extensive network of geographically relocatable specialty ren

2、tal accommodation units with 16,843 beds across 26 communities.We also operate 2 communities not owned or leased by the Company.The majority of our revenues are generated under committed contracts which provide visibility to future earnings and cash flows.We believe our customers enter into contract

3、s with us because of our differentiated scale and ability to deliver premier accommodations and in-house culinary and hospitality services across many key geographies in which they operate.For the year ended December 31,2023,we generated revenues of approximately$564 million.Approximately 64.9%of ou

4、r revenue was earned from specialty rental with vertically integrated hospitality,specifically lodging and related ancillary services,whereas the remaining 35.1%of revenues were earned through leasing of lodging facilities for the year ended December 31,2023.Target Hospitality,though initially found

5、ed in 1978,began operating as a specialty rental and hospitality services company in 2006.Our Company operates across the U.S.,primarily in the Southwest and the Midwest.We also own and operate the largest family residential center in the U.S.Target Hospitality provides comprehensive turnkey solutio

6、ns 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 services and hospitality solutions,including site design,construction,operations,security,house