- September 12, 2019 / 4 min readThrough an agreement with new franchisee Corporación El Rosado, 12 IHOP restaurants are likely to open throughout Ecuador by 2024.
Dine Brands International has launched three IHOP restaurants in Ecuador continuing its expansion in Latin America. While two IHOP restaurants are located in the port city of Guayaquil, one is situated in the city of Ambato.
Through an agreement with new franchisee Corporación El Rosado, 12 IHOP restaurants are likely to open throughout Ecuador by 2024.
Dine Brands International eyes to introduce American restaurant brand to Peru later this year through an agreement with Percapitals S.A.C. Peru’s first IHOP restaurant is expected to unveil in Lima, which will be followed by an additional 24 restaurants throughout Peru in the next ten years.
Steve Joyce, CEO of Dine Brands Global Inc and President of Dine Brands International, said, “International expansion is a growth engine for Dine Brands. 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 ventured into Latin America in 2007 in Mexico, which is now the brand’s largest market outside of the United States.
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