Management Agreements and Leases (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of contractual minimum rents to be paid



	Number of Travel Centers	Initial Term End ⁽¹⁾	Annual Minimum Rent as of December 31, 2016		Deferred Rent ⁽²⁾
TA No. 1 Lease	40	December 31, 2029	$	51,435	$	27,421
TA No. 2 Lease	40	December 31, 2028	52,327		29,107
TA No. 3 Lease	39	December 31, 2026	52,665		29,324
TA No. 4 Lease	39	December 31, 2030	50,117		21,233
TA No. 5 Lease	40	June 30, 2032	67,573		42,915
	198		$	274,117	$	150,000


(1)	TA has two renewal options of 15 years each under each of our TA leases.

(2)

Pursuant to a rent deferral agreement with TA, from July 2008 through December 31, 2010, we deferred a total of $150,000 of rent payable by TA, which remained outstanding as of December 31, 2016. This deferred rent obligation was subsequently allocated among our TA leases and is due at the end of the initial terms of the respective leases as noted above, except for our TA No. 5 lease, in which case the applicable deferred rent is due and payable on June 30, 2024. These deferred rent obligations are subject to acceleration at our option upon an uncured default or a change in control of TA, each as provided under our TA leases.

As of December 31, 2016, our leases with parties other than our TRSs provide for contractual minimum rents to be paid to us during the remaining current terms as follows:




2017	$	301,188
2018	301,232
2019	301,466
2020	291,966
2021	291,484
Thereafter	4,123,801
Total	$	5,611,137