Dine Brands International today announced the first IHOP restaurant opening in Lima, Peru through an agreement with Percapitals S.A.C., which calls for 25 IHOP restaurant openings in Peru through 2028. The openings are projected to bring more than 600 new jobs to the regional economy.
“South America is an important growth market for Dine Brands and we’ve seen great success there so far this year,” said Steve Joyce, CEO and President, International, Dine Brands Global, Inc. Earlier this year, IHOP made its debut in South America with the opening of three restaurants in Ecuador. The new opening in Peru marks the 62nd restaurant in the Latin America region.
“IHOP’s friendly, come as you are philosophy expands borders and cultures,” added Joyce. “It’s the place where people can simply come together to enjoy world famous pancakes and a wide variety of breakfast, lunch and dinner items at affordable prices, any time of day.”
Dine Brands International continues to place emphasis on growth in markets including Central America, Colombia and Chile. For more information on international franchise opportunities, click here or contact Dan.Lecocq@dinebrands.com.
About Dine Brands Global, Inc.
Based in Glendale, California, Dine Brands Global, Inc. (NYSE: DIN), through its subsidiaries, franchises restaurants under both the Applebee's Neighborhood Grill + Bar and IHOP brands. With approximately 3,640 restaurants combined in 18 countries and approximately 370 franchisees, Dine Brands is one of the largest full-service restaurant companies in the world. For more information on Dine Brands, visit the Company’s website located at www.dinebrands.com.
About International House of Pancakes, LLC
For over 61 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers. IHOP restaurants offer guests an affordable, everyday dining experience with warm and friendly service. As of December 31, 2018, there are 1,831 IHOP restaurants around the world, including restaurants in all 50 states and the District of Columbia, Puerto Rico and Guam as well as Canada, Mexico, Guatemala, Panama, Lebanon, the Kingdom of Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, Qatar, Thailand and India. IHOP restaurants are franchised by affiliates of Glendale, Calif.-based Dine Brands Global, Inc. (NYSE: DIN).
Forward-Looking Statements
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