Denny’s Opens First Restaurant in Guatemala
Guatemala Marks the 13th Country in Denny’s Global Portfolio
SPARTANBURG, S.C. - November 20, 2017 - (BUSINESS WIRE) - Denny's Corporation (NASDAQ:DENN), one of the world's largest full-service family dining chains, today announced the opening of its first restaurant in Guatemala located on Liberacion Blvd. near the airport. The new restaurant is owned and operated by Honduras-based franchisee, Comidas Especializadas S. de R.L., led by experienced franchisee Mr. Roberto Larach, an existing Denny’s franchise partner. This newest location in Guatemala marks the 13th country in Denny’s global portfolio.
“We’re excited to continue the growth of the Denny’s brand internationally and execute on our goal of being the world’s largest, most admired and beloved family of local restaurants,” stated John Miller, Denny’s President and CEO. “Mr. Larach and his group are incredible brand ambassadors in Central America and have built a strong following for Denny’s.”
Comidas Especializadas S. de R.L. is an experienced franchise group that currently operates five Denny’s restaurants in Honduras and one in El Salvador. The new Guatemala restaurant marks the seventh restaurant of 10 or more the group plans to open in the region. In addition to Denny’s restaurants, Comidas Especializadas S. de R.L. currently operates 60 Pizza Hut locations and 15 KFC restaurants in Honduras.
“For years, we have been bringing American restaurant concepts to Central America and are thrilled to share Denny’s with the residents and visitors of Guatemala,” said Mr. Larach, franchisee for Denny’s. “Denny's is an outstanding brand, with a great menu and a business model like no other brand in the industry. With restaurants in Honduras and El Salvador, Guatemala was the natural next step in our plan to bring the brand to more guests in the region.”
Steve Dunn, Denny's Senior Vice President & Chief Global Development Officer, added, "Denny’s is one of the fastest growing family-dining chains across the globe and it is very exciting to add Guatemala to our expanding list of new countries offering our unique diner experience. We look forward to finding more qualified partners like Mr. Larach and his team to further expand Denny’s international footprint."
Denny's Corporation is the franchisor and operator of one of America's largest franchised full-service restaurant chains, based on the number of restaurants. As of September 27, 2017, Denny’s had 1,725 franchised, licensed, and company restaurants around the world including 125 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, the Philippines, Costa Rica, Dominican Republic, the United Arab Emirates, Guam, Curaçao, and El Salvador. For further information on Denny's, including news releases, links to SEC filings, and other financial information, please visit the Denny's investor relations website at investor.dennys.com.
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