1378453--2/24/2010--TRAVELCENTERS_OF_AMERICA

related topics

{investment, property, distribution}

{customer, product, revenue}

{cost, regulation, environmental}

{cost, operation, labor}

{capital, credit, financial}

{condition, economic, financial}

{tax, income, asset}

{stock, price, operating}

{system, service, information}

{provision, law, control}

{competitive, industry, competition}

{gas, price, oil}

{financial, litigation, operation}

{property, intellectual, protect}

Our operations have consistently produced losses Our financial results are being affected by the current U.S. economic condition. Reduced consumer spending has resulted in less imported consumer goods into the U.S. and less business at our travel centers; protectionist legislation could materially reduce imports and reduce our business. Consolidation of our competitors may negatively affect our business. Fuel price increases and fuel price volatility negatively affect our business. Our labor costs are difficult to control. Our properties require regular and expensive maintenance and capital investments. Our operating margins are narrow. An interruption in our fuel supplies would materially adversely affect our business. We are involved in litigation which is expensive and may have adverse impacts upon our business. We rely upon trade creditors for a significant amount of our working capital and the availability of alternative sources of financing may be limited. Our customers may become unable to pay us when we extend credit. Our storage and dispensing of petroleum products create the potential for environmental damages, and compliance with environmental laws is often expensive. Our franchisees may become unable to pay our rents and royalties and we have limited control of our franchisees. Difficult U.S. economic conditions may adversely affect suppliers and subtenants. We may not realize financial benefits by participating in Affiliates Insurance. We rely on information technology in our operations, and any material failure, inadequacy, interruption or security failure of that technology could harm our business. Privatization of toll roads may negatively affect our business. We may have to expend significant amounts to comply with climate change and other environmental legislation and regulation and the market reaction to such legislation and regulation and climate change concerns generally may require us to make significant capital or other expenditures and may adversely affect our business We may be unable to utilize our net operating loss carry forwards. Risks arising from our formation and certain relationships We are obligated to pay material amounts of rent to HPT. Our business is subject to possible conflicts of interest with HPT and RMR. We have significant commercial arrangements with RMR and HPT and we are dependent on those arrangements in operating our business. Ownership limitations and anti-takeover provisions may prevent us from experiencing a change of control and our shareholders from receiving a takeover premium. Disputes with HPT and RMR and shareholder litigation against us or our directors and officers may be referred to arbitration proceedings.

Full 10-K form ▸

1378453--2/24/2010--TRAVELCENTERS_OF_AMERICA_LLC