TravelCenters of America Signs New Franchise Agreement for TA Express in California
17 Februar 2021 - 2:00PM
Business Wire
Total of six TA Express sites expected to open
across the state, introducing smaller-format travel center model to
California this year
TA Express model rollout accelerated by
franchising strategy, providing new and much-needed rest options
for travelers and professional drivers
Smaller-format model facilitates development
opportunities in non-traditional locations and offers convenient
stopping areas
TravelCenters of America Inc. (Nasdaq: TA) (“TA”), nationwide
operator and franchisor of the TA, Petro Stopping Centers and TA
Express travel center brands, today announced the signing of a new
franchise agreement to bring a TA Express site to California. The
new TA Express site will be located in Baker, on Interstate 15,
exit 221, and is expected to open later this year.
In addition to the Baker location, TA expects five other
franchised TA Express sites will open in California over the next
year in the cities of Bakersfield, Grenada, Newberry Springs,
Olancha and Rosemond.
“TA continues to meet the needs of our professional drivers and
families by expanding our network where travelers are traveling,
including in locations like Baker, California. In that area, and
many others, sufficient land to provide for a more expansive
traditional TA does not exist,” said Jon Pertchik, CEO of TA.
“Fortunately, our TA Express model allows us to provide full
services and abundant parking that allow guests to refresh, refuel
and repair.”
Overall, the Company expects to open more than 20 franchised
travel centers this year in the following states: Alabama,
California, Georgia, Illinois, Kansas, Ohio, Pennsylvania,
Tennessee, Texas, Utah and Wisconsin. TA is currently negotiating
franchise agreements for over 20 additional travel centers across
the U.S. and has more than 80 other potential franchise agreements
in its pipeline.
The average TA Express site sits on 10.5 acres of land and
contains parking for approximately 75 trucks and 55 cars. All TA
Express locations have a travel store, quick-serve dining areas,
multiple fueling positions, and offer drivers the ability to earn
and redeem points through the UltraONE loyalty program. The
response to TA’s franchising efforts is strong, as evidenced by its
2020 franchise success.
Those interested in franchise opportunities can learn more by
visiting ta-petro.com/franchising.
About TravelCenters of
America
TravelCenters 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, truck
maintenance and repair, convenience stores, 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.
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. 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 or may not have the effects
TA expects. 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, including those set forth in TA’s
filings with the Securities and Exchange Commission, some of which
are beyond TA’s control.
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version on businesswire.com: https://www.businesswire.com/news/home/20210217005250/en/
Tina Arundel TravelCenters of America 216-389-3028
tarundel@ta-petro.com
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