other material
confidence high
sentiment positive
materiality 0.80
Target Hospitality signs 5-year, $246M+ contract with CoreCivic to reactivate Dilley Facility
Target Hospitality Corp.
- Five-year lease and services agreement with CoreCivic, expected revenue over $246M through March 2030.
- Approximately $30M revenue anticipated in 2025; facility can support up to 2,400 individuals.
- No capital investment required; economic structure includes fixed minimum revenue regardless of occupancy.
- Contract subject to annual U.S. government appropriations and 60-day cancellation for convenience.
- Reactivation of assets that previously operated from Sept 2014 to Aug 2024 as South Texas Family Residential Center.