IHOP Opens 3 Restaurants in Ecuador, with Peru Next on the Menu

IHOP Opens 3 Restaurants in Ecuador, with Peru Next on the Menu

IHOP Opens 3 Restaurants in Ecuador, with Peru Next on the Menu

Dine Brands International, franchisor of IHOP and Applebee's, has opened three IHOP restaurants in Ecuador, two in the port city of Guayaquil and one in Ambato. An additional 12 IHOPs are expected to open in Ecuador by 2024 through an agreement with new franchisee Corporación El Rosado. Grupo El Rosado , founded in 1936, operates retail, entertainment, and restaurants throughout the country, including U.S. franchised brands Carl's Jr., Chili's, and Red Lobster.

The next stop for IHOP in South America is Peru, where the brand plans to bring 25 restaurants to the country in the next 10 years. The first is scheduled to open in Lima later this year. The agreement, signed in 2018, is with Percapitals S.A.C., led by CEO Alex Neira, who was a frequent guest at IHOP during his time as a grad student at the University of Miami in the U.S.

"For us, selecting IHOP, a globally loved brand and a leader in its category represents the perfect opportunity," said Neira in a press release announcing the deal. "We share the core values of the brand and know Peruvians will really love IHOP's world-famous pancakes."

"International expansion is a growth engine for Dine Brands," said Steve Joyce, CEO of Dine Brands Global and president of Dine Brands International. IHOP first entered Latin America in 2007 in Mexico, which is now the brand's largest market outside the U.S., and is looking to expand its international presence in Central America, Colombia, and Chile.

As of December 31, 2018, there were 1,831 IHOPs, including restaurants in all 50 states and the District of Columbia, Puerto Rico, and Guam as well as in Canada, Mexico, Guatemala, Panama, Lebanon, Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, Qatar, Thailand, and India. Between IHOP and Applebee's, Dine Brands has about 3,650 restaurants in 18 countries and about 370 franchisees.

Published: September 25th, 2019

Share this Feature

Broken Yolk
SPONSORED CONTENT
Broken Yolk
SPONSORED CONTENT
Broken Yolk
SPONSORED CONTENT

Recommended Reading:

Tropical Smoothie Cafe
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Tropical Smoothie Cafe
ADVERTISE SPONSORED CONTENT
Multi-Unit Franchising Conference
Conferences
Caesar's Forum, Las Vegas
MAR 24-27TH, 2026

Featured Opportunities

The Goddard School
Expand your portfolio with a trusted leader in early childhood education. Enter the thriving $71B childcare industry with a premium brand, proven...
Radiant Waxing
Fast, flawless, and unapologetically smooth—luxury waxing that fits your life and loves your skin.
Home Franchise Concepts
Home Franchise Concepts is a leader in growing inspired and successful franchise brands in the home services industry, providing people with a...
Rita’s Italian Ice
Join a nearly 600-location legacy built on fresh-made treats, simple operations, and community joy—Rita’s is the #1 frozen dessert...
Camp Bow Wow
A dog care franchise that's revolutionizing the industry. Camp Bow Wow has had a big impact on the pet care industry - in fact, we've disrupted it by...

Share This Page

Subscribe to our Newsletters