Target Hospitality Corp., a leading provider of modular accommodations and hospitality services in North America, has announced a multi-year lease and services agreement to support the development of a regional data center campus in the Southwestern United States. The contract, known as the Data Center Community Contract, will involve constructing and providing comprehensive facility services and hospitality solutions for the data center. The custom-built community is designed to accommodate an initial population of 250 individuals, with the potential to expand to 1,500. The agreement, set to generate approximately $43 million in revenue through September 2027, underscores Target's strategic diversification into the growing data center market. The first occupancy is anticipated by late 2025, with revenue of about $5 million expected in that year. Target plans to leverage its existing assets for this project, requiring a minimal capital investment of $6 to $9 million in 2025, enhancing its economic returns and financial flexibility.