Dine Brands International has opened three IHOP restaurants in Ecuador continuing its expansion in Latin America. Two IHOP restaurants are located in the port city of Guayaquil and one in the city of Ambato. 12 IHOP restaurants are expected to open throughout Ecuador by 2024 through an agreement with new franchisee Corporación El Rosado.
Dine Brands International continues Latin America momentum with plans to bring the American restaurant brand to Peru later this year through an agreement with Percapitals S.A.C. The first IHOP restaurant in Peru is expected to open in Lima, followed by an additional 24 restaurants throughout Peru in the next ten years.
“International expansion is a growth engine for Dine Brands,” says Steve Joyce, CEO of Dine Brands Global Inc. and President of Dine Brands International. “Latin America continues to welcome the IHOP brand because of the great value it provides, its menu variety of American breakfast, lunch, and dinner favorites, and its ability to create memorable dining experiences.”
IHOP first entered Latin America in 2007 in Mexico – now the brand’s largest market outside of the United States.
Dine Brands International continues to place a major emphasis on expanding its international presence in markets including Central America, Colombia and Chile.
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.
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