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  • December 2008 (Revised July 2010)
  • Case
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TravelCenters of America

By: Robin Greenwood, Daniel Jacob Goldberg and James Quinn
  • Format:Print
  • | Pages:14
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Abstract

A New York-based hedge fund must decide whether to invest in TravelCenters of America (TA), a recent spin-off from a U.S.-based real estate investment trust. The case confronts students with the question: To what extent is this spin-off opportunity attractive from a value-investing standpoint? Historically, spin-offs have been attractive investments because of supply-demand dynamics associated with their investor base. The case is an opportunity to ask whether the same dynamics will operate for TA.

Keywords

Mergers and Acquisitions; Investment; Valuation; Real Estate Industry; Travel Industry; United States

Citation

Greenwood, Robin, Daniel Jacob Goldberg, and James Quinn. "TravelCenters of America." Harvard Business School Case 209-030, December 2008. (Revised July 2010.)
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About The Author

Robin Greenwood

Finance
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