Dine Brands International 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,” says 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,” adds 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.