TravelCenters of America Completes Sale of Convenience Stores Business
TravelCenters of America announced the completion of its previously announced sale of 225 standalone convenience stores, one standalone restaurant, five parcels of land and certain related assets for $330.8 million.
The estimated net proceeds of $321.4 million after transaction-related costs are expected to be used to reduce the company’s future rent or interest payment obligations.
Westlake, Ohio-based TravelCenters of America first reported the sale in September.
