At the sites in Indiana and in Illinois that we purchased in May, all except one are expected to be reflagged as Petro or TA before the end of September 2011. In fact, 2 were reflagged as TAs in the past 2 weeks. The single location that will not be rebranded by September 30, 2011, is expected to be substantially renovated and rebranded as a Petro within the next 12 months.Our total purchase price for all of these properties was $37.8 million and through June 30, 2011, we've spent $2.8 million renovating and improving them. We expect to invest an additional approximately $17 million completing all of them.
TravelCenters Of America LLC's CEO Discusses Q2 2011 Results - Earnings Call Transcript
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