US-based restaurant operator Dine Brands International has signed an agreement with a new franchisee to introduce IHOP Restaurants in Ecuador.
As part of the agreement, the Restaurantes Unidos Restaunsa franchisee, which is a part of Corporacion El Rosado’s portfolio, will open 12 IHOP locations across the country by 2024.
The first location is planned for 2019 and the expansion is expected to create more than 340 new jobs.
Dine Brands International president Steve Joyce said: “We are very pleased with the rapid progress of our announced strategy to focus on development in Latin America, the Middle East and Asia, and I am very excited by the pace in which the brand is expanding in South America.
“It’s especially gratifying that we are growing at this pace with the right franchisees who have the right experience and share our commitment to the Dine Brands mission: uniting communities over great food and memorable dining experiences, at our restaurants all over the world.
“Corporacion El Rosado is one of the most prominent companies in Ecuador, with great success in bringing other American brands to the country. I am confident their experience will establish IHOP as a leading restaurant brand in this great country as well.”
IHOP currently operates more than 1,750 restaurants globally across the US, Canada, Mexico, Guatemala, Lebanon, Qatar, Thailand and India, among others.
It offers 65 different made-to-order breakfast options and a range of lunch and dinner items.