TravelCenters of America Signs New Franchise Agreement for TA Express in California
TravelCenters of America Inc. (Nasdaq: TA) has signed a franchise agreement to establish a TA Express location in Baker, California, anticipated to open later this year. Additionally, the company plans to open five more sites in California within the year, focusing on areas where traditional travel centers are unfeasible. Overall, TA aims to launch over 20 franchised travel centers across multiple states in 2023, with negotiations for 20 more in progress. Each TA Express site will feature essential services and amenities for travelers.
- New franchise agreement signed for TA Express in Baker, California.
- Five additional TA Express locations planned in California within the year.
- Over 20 franchised travel centers expected to open in 2023 across multiple states.
- Strong demand indicated by over 80 potential franchise agreements in the pipeline.
- None.
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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