XML 72 R53.htm IDEA: XBRL DOCUMENT v3.24.0.1
Management Agreements and Leases - TA Leases (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 12 Months Ended
May 15, 2023
USD ($)
$ / shares
Jan. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
travelCenter
leaseOption
property
contract
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Feb. 02, 2024
travelCenter
Management Agreements and Leases [Line Items]            
Rental income     $ 395,829 $ 395,667 $ 390,902  
Straight line rent adjustments     $ 13,165 (7,767) (2,621)  
Number of properties | property     973      
Proceeds from sale of tradenames and trademarks     $ 89,400 0 0  
Reduction (increase) of rental income     $ 4,927 (320) (9)  
TravelCenters of America Inc. | BP Products North America Inc.            
Management Agreements and Leases [Line Items]            
Business acquisition, share price (in dollars per share) | $ / shares $ 86.00          
TravelCenters of America LLC            
Management Agreements and Leases [Line Items]            
Number of master leases | contract     5      
Deferred percentage rental income     $ 3,507 10,578 7,085  
BP Products North America Inc.            
Management Agreements and Leases [Line Items]            
Annual increase percentage 2.00%          
Lease term 10 years          
Business combination BP prepay amount $ 188,000          
Monthly rent credit amount 25,000          
Guarantee obligations     3,037,475      
COVID-19            
Management Agreements and Leases [Line Items]            
Reserves for uncollectible rents     3,436 7,697    
SMTA Transaction            
Management Agreements and Leases [Line Items]            
Rental income     129,566 135,522 140,803  
Straight line rent adjustments     5,233 5,367 10,616  
Related Party            
Management Agreements and Leases [Line Items]            
Deferred percentage rental income     6,600 10,578 7,085  
Net Lease            
Management Agreements and Leases [Line Items]            
Operating agreement annual rent and return     $ 372,319      
Number of properties | property     752      
Net Lease | Related Party | TravelCenters of America LLC            
Management Agreements and Leases [Line Items]            
Number of properties | travelCenter     176      
Net Lease | Related Party | Real Estate Assets at Cost | Credit concentration | TravelCenters of America LLC            
Management Agreements and Leases [Line Items]            
Concentration risk percentage     28.80%      
Travel centers | TravelCenters of America LLC            
Management Agreements and Leases [Line Items]            
Number of travel centers | travelCenter     176      
Operating agreement annual rent and return 254,000   $ 254,000      
Term of renewal options     10 years      
Rental income     $ 266,263 259,093 248,291  
Straight line rent adjustments     7,932 (13,143) $ (13,237)  
Quarterly payments to deferred rent receivable   $ 4,404        
Accruals for unpaid rent, including deferred rents     $ 19,816 $ 30,764    
Number of renewal options | leaseOption     5      
Proceeds from sale of tradenames and trademarks $ 89,400          
Travel centers | TA No. 1 Lease | TravelCenters of America LLC            
Management Agreements and Leases [Line Items]            
Number of travel centers | travelCenter     35      
Operating agreement annual rent and return     $ 52,001      
Travel centers | TA No. 2 Lease | TravelCenters of America LLC            
Management Agreements and Leases [Line Items]            
Number of travel centers | travelCenter     36      
Operating agreement annual rent and return     $ 46,111      
Travel centers | TA No. 3 Lease | TravelCenters of America LLC            
Management Agreements and Leases [Line Items]            
Number of travel centers | travelCenter     34      
Operating agreement annual rent and return     $ 44,366      
Travel centers | TA No. 4 Lease | TravelCenters of America LLC            
Management Agreements and Leases [Line Items]            
Number of travel centers | travelCenter     36      
Operating agreement annual rent and return     $ 47,023      
Travel centers | TA No. 5 Lease | TravelCenters of America LLC            
Management Agreements and Leases [Line Items]            
Number of travel centers | travelCenter     35      
Operating agreement annual rent and return     $ 64,499      
Travel centers | Related Party | Subsequent event            
Management Agreements and Leases [Line Items]            
Number of properties | travelCenter           175