News | December 21, 2017

Target Logistics Completes Purchase Of Former Black Gold Lodging Facility In The Permian Basin

THE WOODLANDS, TEXAS--(BUSINESS WIRE)--

Target Logistics Management, LLC ("Target Logistics"), a global leader in remote accommodations and the largest provider of turnkey workforce housing in the U.S., announced today the asset purchase of the 208-room former Black Gold Lodging facility in Odessa, Texas. Target Logistics began operating the Odessa East Lodge in April of 2017.

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The Odessa East Lodge is one of seven lodges owned and operated by Target Logistics in the Permian Basin and is part of the company’s expansive network of eight lodges in Texas. The 208 single-occupancy rooms, combined with a best-in-class guest experience, are helping Target Logistics match the increasing level of activity in the region and are allowing the company to better serve its customers operating in West Texas.

“We are focused on meeting the needs of our customers and we are pleased to be able to expand our network and service offerings to match the increasing demand of our customers operating in the Permian,” said Target Logistics President and Chief Executive Officer Brad Archer. “Oil and gas companies understand the benefits of providing their workers with a secure and comfortable place to stay, and how it positively impacts morale, productivity, and most importantly, safety.”

When Target Logistics began operating the lodge in April of this year, it began retrofitting all rooms with its proprietary Hibernator Sleep System mattresses, which improve sleep quality and help guests stay properly rested for their 12-hour days on the job site.

Target Logistics’ culinary-trained chefs have delivered over 140,000 meals since April and continue to prepare fresh food daily, ensuring guests are well fed and energized to get their jobs done. Known for its food and hospitality services, Target Logistics’ 24/7 dining facilities provide guests with nutritious, diverse selections, including a six-week rotational menu, a-la-carte grill options, hand-cut French fries, handmade pastries, steak nights, smoked barbeque on Saturdays and various food style-themed nights.

“Our customers are counting on us to help them recruit and retain the top talent in the industry, and one of the ways we support them in this effort is by keeping their employees well rested and well fed,” said Target Logistics Senior Vice President of Business Development & Marketing Troy Schrenk. “Our guest experience is unmatched and provides our customers with a key differentiator at a competitive time, in a competitive region."

The lodge is also tailored to meet the needs of Target Logistics’ key customers operating in the Permian Basin, complete with private guest rooms, Wi-Fi, recreation facilities, controlled-entry access, housekeeping services and hospitality management. Target Logistics maintains a “zero tolerance” drug and alcohol policy at all of its lodges.

Odessa East Lodge is one of two facilities Target Logistics owns and operates in the city of Odessa and is part of the 2,121-bed network across the Permian Basin. With these additional 208 private rooms being added, Target Logistics will own and/or operate 20 properties in the United States and Canada with more than 9,281 total beds.

To see a complete list of Target Logistics lodges, visit www.TargetLogistics.net.

About Target Logistics

Target Logistics, 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 and mining with workforce housing, mobile crew camps and extended-stay hotels; government departments and organizations with temporary lodging and refugee integration; and capital projects. Target Logistics was named by Inc. magazine in 2012 and 2013 as one of “America’s Fastest Growing Private Companies.” Visit www.TargetLogistics.net or call (800) 832-4242.


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