TravelCenters Of America LLC Announces Fourth Quarter And Year End 2011 Results

Capital Expenditures and Liquidity

During the year ended December 31, 2011, TA made capital expenditures of $50.2 million to acquire and improve eight travel centers. During 2011, TA also completed improvements to its existing sites totaling $105.9 million, including $69.1 million of improvements at sites leased from HPT which were sold to HPT and resulted in increased rent due to HPT under the lease terms.

At December 31, 2011, TA had approximately $118.3 million in cash and cash equivalents. TA also maintains a $200 million revolving secured bank credit facility. At December 31, 2011, no amounts were outstanding under this facility; however $65.7 million of the facility was used to support letters of credit issued in the ordinary course of TA’s business.

Supplemental Data

In addition to the historical financial results prepared in accordance with GAAP and presented in this press release, TA is furnishing supplemental data that it believes may help investors better understand TA’s business. Included in this supplemental data is same site operating data that includes operating data for all of the travel centers that were operated by TA continuously from the beginning to the end of the comparative periods presented. Also included is a presentation of EBITDAR, and a reconciliation that shows the calculation of EBITDAR from net income (loss), the most directly comparable financial measure calculated and presented in accordance with GAAP, also appears in the supplemental data.

Conference Call:

On March 15, 2012, at 10:00 a.m. Eastern Time, TA will host a conference call to discuss its financial results and other activities for the three months and year ended December 31, 2011. Following management’s remarks, there will be a question and answer period.

The conference call telephone number is [phone]. Participants calling from outside the United States and Canada should dial [phone]. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available for about a week after the call. To hear the replay, dial [phone]. The replay pass code is 227520.

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