Company: TH
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001558370-25-003703
Chunk: 11

Company: Target Hospitality Corp.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 2P
Chunk 11
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Item 2. Properties

Our corporate headquarters are located in The Woodlands, Texas. Our executive, financial, accounting, legal, administrative, management information systems and human resources functions operate from this single, leased office. Except as indicated, we own all of the real property at the locations listed below. Subject to certain exceptions, substantially all of our owned personal property and material real property in the U.S. are encumbered under our ABL Facility and the 2025 Senior Secured Notes. We do not believe that the encumbrances will materially detract from the value of our properties, nor will they materially interfere with their use in the operation of our business. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7 and Note 8 – Debt to the notes to consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for additional information concerning our ABL Facility (as defined below) and the 2025 Senior Secured Notes. For a discussion about how each of our business segments utilizes its respective properties, see Item 1, “Business” of this Annual Report on Form 10-K.

​​​​​​​​​Location​DescriptionGovernment​​​​​​Dilley, Texas (leased land)​Dilley (Dilley Immigration Processing Center (2))​​Pecos, Texas (owned and leased land)​PCC (3)​​Pecos, Texas (leased land)​Pecos Blue Lodge (3)​​Orla, Texas​Delaware Lodge (3)​​Mentone, Texas (leased land)​Skillman Station Lodge(1) (3)​​Pecos, Texas​Lodge 118 (3)​​Pecos, Texas​Pecos Trail Lodge (3)​​Pecos, Texas​Pecos South Lodge(1) (3)​​​​​HFS – South​​​​​​Pecos, Texas​Pecos South Lodge(1)​​Orla, Texas​Orla North Lodge​​Orla, Texas​Orla South Lodge​​Orla, Texas (leased land)​El Capitan Lodge​​Odessa, Texas (owned and leased land)​Odessa West Lodge​​Odessa, Texas​Odessa East Lodge​​Mentone, Texas (leased land)​Mentone Wolf Lodge​​Mentone, Texas (leased land)​Skillman Station Lodge(1)​​Mid