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[2] In January 2013, the company brokered the sale of 7 stores in Orlando and central Florida leased to Applebee's for $18.5 million. [3] In June 2014, Calkain brokered the sale of a store leased to CVS Health in Tysons Corner for $27.4 million, or $1,915 per square foot, the highest net lease sales price in the Washington metropolitan area.
It has closed hundreds of Applebee's locations since 2017, including 46 in 2023. Peyton also noted on the earnings call that customers continued to pull back on their spending last year.
Applebee's Restaurants LLC. is an American company that develops, franchises, and operates the Applebee's Neighborhood Grill + Bar restaurant chain. The Applebee's concept focuses on casual dining , with mainstream American dishes such as salads, chicken, burgers, and " riblets " (Applebee's signature dish).
A combo Applebee’s and IHOP will be opening in Seguin, Texas, a town about 40 miles from San Antonio. ... Get sweaters on sale for the whole family during Nordstrom's Half-Yearly Sale: Up to 60% ...
On July 16, 2007, IHOP Corporation announced a plan to acquire the bar-and-grill chain Applebee's in an all-cash transaction, valued at approximately US$2.1 billion. [10] In the arrangement, Applebee's stock holders would receive $25.50 a share. [10] IHOP stated it would franchise most of Applebee's 500 company-owned facilities.
America's New Power Couple: Honey and Pepper on Applebee's 2 for $20 New Honey Pepper Grill Menu Items Added to Applebee's 2 for $20 Menu for a Limited Time KANSAS CITY, Mo.--(BUSINESS WIRE ...
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Dine Brands Global Inc. is a publicly traded food and beverage company based in Pasadena, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including three restaurant concepts, Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.