TravelCenters of America Continues Growth Expansion Through Franchising
12 Januar 2021 - 2:00PM
Business Wire
2020 Finishes Record Year of Franchise
Signings
20 Franchise Sites Anticipated to Open in
2021
New Site Opening Today in Huntington, OR
TravelCenters of America Inc. (Nasdaq: TA), nationwide operator
of the TA, Petro Stopping Centers and TA Express travel center
brands, is delivering on its commitment to expand its footprint
nationwide through franchising. In 2020, the company signed 21
franchise agreements and opened 10 new franchise locations. A TA
travel center is opening today in Huntington, Oregon, located on
Interstate 84 at exit 353, the company’s first franchise site to
open in 2021.
TA expects to open two additional franchised travel centers by
the end of the first quarter of 2021, with 20 more anticipated to
open by the end of the year in the following states: Alabama,
Georgia, California, Kansas, Illinois, Ohio, Pennsylvania, Texas,
Tennessee, Utah and Wisconsin. In addition, TA is currently
negotiating franchise agreements for more than 20 travel centers
across the U.S. and has more than 80 other potential franchise
agreements in its pipeline.
“We’re expanding our footprint by focusing on strategic
locations that will help us fill geographic gaps in our network and
better meet the needs of our customers,” said Jon Pertchik, CEO of
TA. “For truck stop and travel center owners, joining the TA
network provides clear benefits and is an attractive opportunity.
Most importantly, we support and invest in our franchisee partners
and are deeply committed to helping their businesses grow and
prosper over the long term.”
On May 1, 2020, TA made a series of announcements highlighting
key steps in a new strategic, long-term plan to improve operational
efficiency and profitability, including a company-wide
reorganization. Franchising is an integral part of the company’s
transformation and a key reason TA also announced the acceleration
of its franchise engagement efforts.
Approximately 90% of America’s top 100 largest fleets choose TA
to provide fuel and truck maintenance services, as well as a robust
loyalty program, food and other amenities to their drivers. For
nearly 50 years, TravelCenters of America has provided truck
drivers with the amenities and services of home, including showers,
restrooms, laundry facilities and places to rest and dine. Its
travel centers feature quick and full service restaurants,
including some of the nation’s most recognized brands including
Starbucks, IHOP, Bob Evans and Popeyes, which attract both
professional drivers and motorist consumers.
“It’s an extremely exciting time here at TA, as we are
transforming our business, refreshing our travel centers and
reimagining the guest experience. We look forward to continued
expansion, welcoming more franchisees into our family and serving
more travelers across the country,” Pertchik added.
Those interested in franchise opportunities can learn more by
visiting ta-petro.com/franchising.
About TravelCenters of
AmericaTravelCenters of America Inc. (Nasdaq: TA) is the
nation's largest publicly traded full-service travel center
network. Founded in 1972 and headquartered in Westlake, Ohio, its
nearly 20,000 employees serve customers in over 270 locations in 44
states and Canada, principally under the TA®, Petro Stopping
Centers® and TA Express® brands. Offerings include diesel and
gasoline fuel, convenience stores, truck maintenance and repair,
full-service and quick-service restaurants, car and truck parking
and other services and amenities dedicated to providing great
experiences for professional drivers and the general motoring
public. TravelCenters of America operates nearly 650 full-service
and quick-service restaurants and 10 proprietary brands, including
Quaker Steak and Lube®, Iron Skillet® and Country Pride®. For more
information, visit www.ta-petro.com.
Warning Regarding Forward
Looking Statements
This press release contains statements that constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and other securities laws.
Also, whenever TA uses words such as “believe”, “expect”,
“anticipate”, “intend”, “plan”, “estimate”, "will", “may” and
negatives or derivatives of these or similar expressions, TA is
making forward-looking statements. These forward-looking statements
are based upon TA’s present intent, beliefs or expectations, but
forward-looking statements are not guaranteed to occur and may not
occur. Actual results may differ materially from those contained in
or implied by TA’s forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors, some of which are beyond TA’s control. For example, this
press release includes various statements about opening new travel
centers, expected new franchising arrangements, potential future
franchising arrangements, plans to pursue additional franchising
arrangements, and the anticipated benefits of expanding the
company’s network. However, these arrangements may not be completed
or, if they are, TA may not realize the benefits it expects from
them.
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version on businesswire.com: https://www.businesswire.com/news/home/20210112005262/en/
Investor Contact: Kristin Brown TravelCenters of America
617-796-8251 kbrown@ta-petro.com Media Contact: Tina Arundel
TravelCenters of America 440-250-4758 tarundel@ta-petro.com
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