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TravelCenters of America LLC (TA)

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TravelCenters of America LLC (TA) is a recent spin-off from Hospitality Properties Trust (HPT)

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Business

TravelCenters operates a network of 163 travel centers that offer various hospitality and fuel services to professional truck drivers and motorists primarily along the U.S. interstate highway system. One hundred forty-six (146) of these centers are leased from Hospitality Properties Trust, 13 are owned and operated by TA franchisees and four are owned by TA or leased from third parties.

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News Feed

06/16/09 11:06 am TransAlta named to 2009 Jantzi list of Canada's 50 most responsible corporations (Marketwire)
06/02/09 2:06 pm TransAlta to speak at the Macquarie Global Infrastructure Conference (Marketwire)
06/02/09 8:06 am TRAVELCENTERS OF AMERICA LLC Financials (EDGAR Online Financials)
05/26/09 1:05 pm TRAVELCENTERS OF AMERICA LLC Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial S (EDGAR Online)
05/22/09 10:05 am TravelCenters of America LLC Announces Annual Meeting Results (Business Wire)
05/12/09 2:05 pm TravelCenters of America LLC Q1 2009 Earnings Call Transcript (at Seeking Alpha)
05/12/09 7:05 am TravelCenters of America Earnings Call scheduled for 8:30 am ET today (CCBN)
05/11/09 3:05 pm TRAVELCENTERS OF AMERICA LLC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements (EDGAR Online)
05/11/09 3:05 pm TravelCenters of America LLC Announces First Quarter 2009 Results (Business Wire)
05/11/09 3:05 pm TRAVELCENTERS OF AMERICA LLC Files SEC form 10-Q, Quarterly Report (EDGAR Online)
More News...
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Contact

Timothy A. Bonang, 617-796-8149 Manager of Investor Relations website: [1]

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History

  • February 1, 2007 - TravelCenters of America LLC began trading on the American Stock Exchange under the symbol TA.
  • January 31, 2007 - Hospitality Properties Trust completed the acquisition of TravelCenters of America Inc., restructured the company, and then spun off TravelCenters of America LLC.
  • January 26, 2007 - TravelCenters of America LLC registration statement becomes effective.
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Financials

TravelCenters of America LLC is debt free as a result of the spin-off transaction from Hospitality Properties Trust. However, it does now have a significant long-term lease with HPT.

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Risk

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Contractual Relationship and Potential Conflict of Interest with Hospitality Trust

A Wall Street Journal article written by Karen Richardson on 2/20/2007, pointed out that the company stated in its prospectus that is not formed for its own benefit, but rather for Hospitality Properties Trust's benefit. So as the company stated in its offering prospectus, "some of our contractual relationships and the terms of our initial operations may provide more benefits to Hospitality Trust than to us." [1] [2]

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Research Links

TRAVELCENTERS OF AMERICA Snapshot
TRAVELCENTERS OF AMERICA Leadership
TRAVELCENTERS OF AMERICA Fundamentals
TRAVELCENTERS OF AMERICA Technical Analysis
TRAVELCENTERS OF AMERICA Message Boards
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Notes

  1. ↑ Richardson, K., "TravelCenters Aims to Please Its Ex-Owners," Wall Street Journal, February 20, 2007; Page C1. Accessed February 20, 2007.
  2. ↑ Form S-1/A, Ammended registration statement, filed on 1/26/2007. Accessed February 20, 2007.
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