It is highly complementary to our current platform and represents a compelling redeployment of the $100 million in proceeds we generate from the recent Travel Centers of America transaction.

Aug 10, 2023 / CEO / receipt, needs a key / Adam Portnoy, CEO | earnings call 2023-08-10 | transcript a81cfef9-6642-42f5-9f39-e4e1c37d099e | chars 6974-7164 | segment 6

At Travel Science of America, business was remarkably strong with adjusted EBITDA of almost $123 million this quarter, representing a 67% year-over-year improvement.

Aug 5, 2022 / CEO / receipt, needs a key / Adam Portnoy, CEO | earnings call 2022-08-05 | transcript cddaaa76-821a-48b6-af5a-08f290b8065d | chars 7768-7933 | segment 7

Even before mask mandates were listed for air travel, TSA checkpoint travel numbers were up 82% during the first calendar quarter compared to the prior year, indicating a growing eagerness to resume not only leisure travel but also in-person business meetings and conferences. We believe this is a significant precursor to a more robust return of business travel, hospitality demand, and office utilization.

May 5, 2022 / CEO / receipt, needs a key / Adam Portnoy, CEO | earnings call 2022-05-05 | transcript 40469ae6-bd1d-41c3-8038-b6dc34faa150 | chars 4589-4996 | segment 4

We also remain confident in the future of office and the prospect of increased business travel to fuel increased hospitality and leisure spending in the coming months.

Jan 28, 2022 / CEO / receipt, needs a key / Adam Portnoy, CEO | earnings call 2022-01-28 | transcript 8cd738e7-03ae-4821-b049-1e1975455246 | chars 4151-4318 | segment 4