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Oak Hill Completes TravelCenters Sale

Oak Hill Capital Partners has completed its sale of Westlake, Ohio-based truck stop operator TravelCenters of America Inc. to Hospitality Properties Trust (NYSE: HPT) for approximately $1.9 billion. Oak hill acquired TA in November 2000, while other shareholders include Olympus Partners, Monitor Clipper Partners and TCW/Crescent Mezzanine.