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As for IHOP, Peyton sees the brand as a market leader with a track record of growth, noting that 46 new U.S. locations opened last year. Show comments. Advertisement. Advertisement.
In 1987, IHOP was purchased by a investment group led by Richard K. Herzer; returning IHOP's ownership by an American company. Four years later, the company went public for the first time since 1979. In 2007, IHOP Corp announced it would be acquiring Applebee's International for approximately $2.1 billion. [ 3 ]
When will co-branded IHOP/Applebee’s restaurants be open in the U.S.? Per Nation’s Restaurant News , Dine Brands hopes to open the co-branded restaurants in the U.S. in the next 12 to 24 months.
While Dine Brands added a net 33 IHOP restaurants domestically in 2023, the company closed 46 Applebee’s locations and only opened 10 new ones, according to the company’s 10-K.
IHOP Restaurants LLC (US: / ˈ aɪ. h ɒ p / EYE-hop; acronym for International House of Pancakes) is an American multinational pancake house restaurant chain that specializes in American breakfast foods. It is owned by Dine Brands—a company formed after IHOP's purchase of Applebee's, with 99% of the restaurants run by independent franchisees.
Dine Brands, which owns the two restaurants, announced that the combined Applebee’s-IHOP restaurant will open approximately 35 miles west of San Antonio early next year, marking the first time ...
Stephen P. Joyce (born c. 1961) is an American businessman. He was the chief executive officer of Dine Brands Global, the operator of IHOP and Applebee's franchises. He is CEO of Re/Max International.
JHVEPhoto/Shutterstock; Design: Eat This, Not That!Two major restaurant chains may soon come together as a joint restaurant concept. In a recent fourth-quarter earnings call, Dine Brands Inc., the ...