TravelCenters of America LLC is a limited liability company formed under Delaware law on October 10, 2006. The Company operates and franchises travel center and convenience store locations. Its operating business segments are travel centers and convenience stores. In travel centers segment, the Company operates and franchises travel centers under the TravelCenters of America and TA brand names, or the TA brand, and the Petro Stopping Centers and Petro brand names, or the Petro brand, along the U.S. interstate highway system. Its travel center customers include trucking fleets and their drivers, independent truck drivers and motorists. In convenience stores segment, the Company operates convenience stores with retail gasoline stations, primarily under the Minit Mar brand name, or the Minit Mart brand, that generally serve motorists and are not located at a travel center. These convenience stores typically offer customers gasoline as well as nonfuel products and services such as coffee, groceries and other convenience items, some fresh food offerings and QSRs. Its customers include trucking fleets and their drivers, independent truck drivers and motorists. Its products and services include diesel fuel and gasoline, truck repair and maintenance services, full service restaurants, more than 35 different brands of quick serve restaurants, or QSRs, travel stores and various driver amenities. Some of its locations include gaming operations. Its travel centers included 174 operated under the "TravelCenters of America," "TA" or related brand names, or the TA brand, including 156 that it operated and 16 that franchisees operated, and 75 that were operated under the "Petro Stopping Centers" and "Petro" brand names, or the Petro brand, including 62 that it operated and 14 that franchisees operated. Of its 250 travel centers at December 31, 2014, it owned 37, it leased or managed 188, including 183 that it leased from HPT, and franchisees owned, or leased from others, 25. It subleases to franchisees five of the travel centers it leases from HPT.
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