Target Lodging Signs $55 Million Contract Extension
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 and contractors of one of the largest producers in the United States and a longstanding Target Lodging customer.
“In the middle of the downturn, this producer made a significant commitment to its employees by providing a turnkey housing solution in the Permian,” said Target Lodging President and Chief Executive Officer Brad Archer. “We are thrilled to have helped create, and now extend, their competitive advantage by delivering high-quality housing, amenities
The company has announced a series of lodge expansions in the Permian in 2018, which will increase its overall capacity to 3,371 beds across its expansive lodge network in west Texas and southeast New Mexico.
“As producers in the region continue to realize the value of providing premium accommodations for their workers, we will continue to deliver on our promise of caring for their workforce the other 12 hours when they are off the clock,” said Target Lodging Chief Commercial Officer Troy Schrenk. “We will continue to deliver a safer, more loyal and productive worker each and every day.”
The Mentone lodge is tailored to meet the needs of our customer operating in the Delaware Basin area with 530 single occupancy rooms including amenities found in many other lodges in the Target Lodging network. Amenities include 24-hour culinary services, indoor and outdoor recreational facilities, housekeeping and a code of conduct program which includes a “zero tolerance” drug and alcohol policy.
To see a complete list of Target Lodging lodges in the Permian and around the world, visit www.targetlodging.com
About Target Lodging
Target Lodging, an Algeco Scotsman company, is one of the largest providers of turnkey housing solutions in North America. It operates globally in some of the most remote environments, supporting oil, gas
Pierpont Communications on behalf of Target Lodging