Love’s Travel Stops & Country Stores, a national operator of travel centers and convenience stores based in Oklahoma City, has announced planned capital expenditures of $230 million for calendar year 2011.
The majority of this amount, $180 million, will be spent on new construction. More than 20 new travel stop locations will open this year, from Napavine, Wash., to Emerson, Ga. Additionally, more than $50 million will go toward enhancements at existing Love’s Travel Stop locations. Slated improvements include adding more than 50 Love’s Truck Tire Care centers to current locations, parking lot expansions, re-imaging of restaurants and remodeling restrooms.
“Love’s is committed to providing the best possible facilities and services that matter to the driving public,” said Tom Love, Love’s chairman and CEO. “We have listened to customer feedback when designing these improvements, which will make our travel stops more appealing and convenient.”
Love’s Travel Stops & Country Stores has more than 265 locations in 39 states. Love’s is currently ranked No. 18 on Forbes’ annual listing of America’s largest privately held companies.