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Stock impact report

Target Hospitality Announces 5-year Contract Award Reactivating South Texas Assets [Yahoo! Finance]

CoreCivic, Inc. (CXW) 
Last corecivic, inc. earnings: 2/12 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.corecivic.com/investor-relations
Company Research Source: Yahoo! Finance
North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced it has entered into a five-year lease and services agreement with CoreCivic, Inc. ("CoreCivic") to resume operations utilizing the Company's existing assets located in Dilley, Texas ("Dilley Contract"). These assets operated from September 2014 to August 2024 as the South Texas Family Residential Center (" Dilley Facility "), where Target provided facility and hospitality solutions to CoreCivic through a lease and services agreement. Upon reactivation the Dilley Facility will retain a similar facility size and operational scope as the prior operations. The Dilley Facility will be capable of supporting up to 2,400 individuals and provide an open and safe environment to appropriately care for the community population. The consistency of the community layout will require no capital investment, allowing for a seamless community reactivation. Target Show less Read more
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