IHOP Opens 3 Restaurants in Ecuador, with Peru Next on the Menu
Company Added
Company Removed
Apply to Request List

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

Goldfish Swim School Franchising, LLC
SPONSORED CONTENT
Goldfish Swim School Franchising, LLC
SPONSORED CONTENT
Goldfish Swim School Franchising, LLC
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
Marco's Pizza®
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Scooter's Coffee
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Palace, Las Vegas
AUG 31-3RD, 2021

Featured Opportunities

Save A Lot Food Stores
We are the nation's leading hard discount grocery chain designed for independent retailers. Our business model is focused on empowering our Retail...
Home Helpers® Home Care
A Home Helpers® franchise is a low-cost, home-based, recession-resistant business providing quality care for others while giving you the lifestyle...
Scooter's Coffee
The success of the Scooter's Coffee franchise is based upon a commitment to quality products, fast and accurate service, and always delivering...
Smashin Crab
Smashin Crab was established with a strategy rooted in providing both superior service and quality food to our guests.
Dunkin'
Dunkin' Is Now Expanding! Find out about our franchise investment opportunities.

Share This Page

Subscribe to Our Newsletters