M&A Deal Summary |
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---|---|
Date | 2019-06-19 |
Target | Superior Lodging - Three Communities |
Sector | Real Estate |
Buyer(s) | Target Hospitality |
Sellers(s) | Superior Lodging |
Deal Type | Divestiture |
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Category | Company |
---|---|
Founded | 1978 |
Sector | Business Services |
Employees | 984 |
Revenue | 564M USD (2023) |
Target Hospitality is the largest provider of vertically integrated specialty rental accommodations and value-added hospitality services in the United States. Target Hospitality builds, owns and operates customized housing communities for a range of end users, and offers a full suite of cost-effective hospitality solutions including culinary, catering, concierge, laundry and security services as well as recreational facilities. Target Hospitality primarily serves the energy and government sectors and its growing network of communities is designed to maximize workforce productivity and satisfaction. Target Hospitality was founded in 1978 and is based in The Woodlands, Texas.
DEAL STATS | # |
---|---|
Overall | 3 of 4 |
Sector (Real Estate) | 1 of 1 |
Type (Divestiture) | 3 of 4 |
State (Alberta) | 1 of 1 |
Country (Canada) | 1 of 1 |
Year (2019) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-11-13 |
Target Lodging Management
The Woodlands, Texas, United States Target Lodging Management LLC is a provider of turnkey workforce housing solutions in North America, operating 21 properties in the United States and Canada. The company supports the oil, gas and mining industries with workforce housing, mobile crew camps, and extended-stay hotels. Target Lodging was formed in 1978 and is based in The Woodlands, Texas. |
Buy | $820M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2019-07-02 |
ProPetro Holding - Midland Community
Midland, Texas, United States ProPetro Holding Corp. - Midland Community is a 168-room community provides a full suite of turnkey services at the Midland location as well as across the Company’s proprietary Permian Basin lodging network. |
Buy | - |
Superior Lodging Corp. is a national hotel development and real estate investment company that has been delivering consistent high-yielding returns for investors in the hospitality sector for over 20 years. Widely recognized for developing Super 8® into one of Canada’s most successful hotel brands, Superior Lodging continues to lead the way in delivering exciting new brands to the Canadian hotel marketplace while providing hotel owners with exceptional results through a highly disciplined and transparent approach to doing business.
DEAL STATS | # |
---|---|
Overall | 1 of 1 |
Sector (Real Estate) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (Alberta) | 1 of 1 |
Country (Canada) | 1 of 1 |
Year (2019) | 1 of 1 |