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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.
The combination restaurant model of the early to mid aughts is on the rise again, with IHOP and Applebee’s at the helm of the ship with a fresh take on an internationally successful concept.
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.
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.
Dine Brands Global was formed as "DineEquity" in 2007, when Stewart led IHOP to take over the larger Applebee's for US$1.9 billion and debt. Prior to the takeover, Stewart had led IHOP through 18 consecutive quarters of growth, by moving over to a primarily franchise-driven business model. [4]
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.
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.
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.