Management Agreements and Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Number of Travel Centers, the Terms and Annual Minimum Rents owed by TA and Contractual Minimum Rents to be Paid

As of December 31, 2024, the number of travel centers, the terms and the annual minimum rents owed to us by TA under our TA leases was as follows:

	Number of Travel Centers	Initial Term End (1)	Annual Minimum Rent (2)
TA No. 1 Lease	34	May 14, 2033	$	53,004
TA No. 2 Lease	36	May 14, 2033	47,033
TA No. 3 Lease	34	May 14, 2033	45,290
TA No. 4 Lease	36	May 14, 2033	47,964
TA No. 5 Lease	35	May 14, 2033	65,789
	175		$	259,080

(1)TA has five renewal options of ten years each under each of our TA leases.

(2)Annual minimum rent increases by 2% each year through the initial term of ten years and any of the five ten-year extension options that may be exercised. There is no percentage rent due under our TA leases.

As of December 31, 2024, 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:

Year	Amount
2025	$	380,743
2026	375,642
2027	371,752
2028	366,378
2029	362,395
Thereafter	1,454,236
Total	$	3,311,146

Schedule of Contractual Minimum Rent Payments to Third Parties

As of December 31, 2024, our operating leases provide for contractual minimum rent payments to third parties during the remaining lease terms, as follows:

Year	Amount
2025	$	14,120
2026	14,240
2027	14,184
2028	13,891
2029	14,378
Thereafter	201,838
Total lease payments	272,651
Less: imputed interest	(121,805)
Present value of lease liabilities (1)	$	150,846

(1)    The weighted average discount rate used to calculate the lease liability and the weighted average remaining term for our ground leases (assuming all extension options) and our hotel operating leases are approximately 5.4% and 19 years (range of three months to 63 years) and 5.7% and 34 years (range of three months to 49 years), respectively.