As Part of its Growth Strategy, the Leader in Family Dining is
Teaming Up with the Largest Full-Service Travel Center Company to
Bring More Guests Across the U.S. Hot, Made-to-Order Meals While
Traveling
Today, IHOP® Restaurants, a subsidiary of Dine Brands Global,
Inc. (NYSE: DIN), and TravelCenters of America Inc. (Nasdaq: TA)
announced that the two companies have entered into a franchise
development agreement and plan to open up to 94 IHOP restaurants
over the next five years in TA and Petro branded locations across
the United States. Currently, there are four IHOP restaurants
already in TA’s travel center network, including one that opened
this week in Jackson, Georgia. The agreement, which pairs two of
the world’s most recognizable brands in foodservice and interstate
travel, fulfills their joint commitment to bring guests quality
meal choices and exceptional service while on the go. The IHOP
restaurants in the portfolio will be operated by the TA Restaurant
Group, a division of TravelCenters of America.
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Guests visiting IHOP restaurants located at TA travel centers
will be able to enjoy the brand’s full menu of made-to-order items,
such as its world-famous Buttermilk pancakes, oversized omelettes,
Ultimate Steakburgers, Crispy Chicken and more.
“We’re thrilled to be partnering with TravelCenters of America
to open up to almost 100 new IHOP restaurants over the next five
years in TA and Petro travel centers across the U.S.,” said Jay
Johns, President of IHOP. “The TA brand, a trusted hospitality
leader in the industry and with consumers, shares the same values
as IHOP when it comes to delivering an outstanding experience to
guests on-the-go. We’re looking forward to serving the
great-tasting, freshly made menu items we’re known for at
breakfast, lunch and dinner, to the millions of guests who stop at
TA and Petro locations each year.”
“When it comes to serving our customers, IHOP and TA's missions
and cultures align," said Barry Richards, President and Chief
Operating Officer of TravelCenters of America. "Adding such a
highly regarded brand like IHOP to our restaurant group shows our
commitment to bringing the best possible dining options to both
professional drivers while they're away from home and to local
families living in the communities we serve. An important part of
our restaurant strategy is focusing on growing our partnerships
with trusted brands like IHOP that appeal to broader audiences, and
today’s agreement will enable us to accelerate that process."
The deal with TravelCenters of America marks the single largest
IHOP development deal in the brand’s 61-year history.
New restaurant development is one of three key strategies in
IHOP’s aggressive growth plan, which also includes to-go and
lunch/dinner expansion as major areas of focus. Currently there are
more than 1,700 IHOP restaurants in the U.S. and another 100+
restaurants globally.
ABOUT INTERNATIONAL HOUSE OF PANCAKES, LLC
For over 61 years, IHOP has been a leader, innovator and expert
in all things breakfast, any time of day. The chain offers 65
different signature, fresh, made-to-order breakfast options, a wide
selection of popular lunch and dinner items, including Ultimate
Steakburgers. IHOP restaurants offer guests an affordable, everyday
dining experience with warm and friendly service. 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. IHOP
restaurants are franchised by affiliates of Glendale, Calif.-based
Dine Brands Global, Inc. (NYSE: DIN).
ABOUT TRAVELCENTERS OF AMERICA INC.
TravelCenters of America Inc. (Nasdaq: TA) is the nation's
largest publicly traded full-service travel center network. Founded
in 1972 and headquartered in Westlake, Ohio, its more than 21,000
employees serve customers in over 260 locations in 44 states and
Canada, principally under the TA®, Petro Stopping Centers® and TA
Express® brands. Offerings include diesel and gasoline fuel, truck
maintenance and repair, full-service and quick-service restaurants,
car and truck parking and other services and amenities dedicated to
providing great experiences for professional drivers and the
general motoring public. TravelCenters of America operates nearly
650 full-service and quick-service restaurants and 10 proprietary
brands, including Quaker Steak and Lube®, Iron Skillet® and Country
Pride®. For more information, visit www.ta-petro.com.
Statements contained in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements involve
known and unknown risks, uncertainties and other factors, which may
cause actual results to be materially different from those
expressed or implied in such statements. You can identify these
forward-looking statements by words such as “may,” “will,”
“should,” “could,” “expect,” “anticipate,” “believe,” “estimate,”
“intend,” “plan,” “goal” and other similar expressions. You should
consider our forward-looking statements in light of the risks
discussed under the heading “Risk Factors,” as well as our
consolidated financial statements, related notes, and the other
financial information appearing elsewhere in our most recent Form
10-K filed with the United States Securities and Exchange
Commission and our other filings with the United States Securities
and Exchange Commission. The forward-looking statements contained
in this report are made as of the date hereof and the Company
assumes no obligation to update or supplement any forward-looking
statements.
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Stephanie Peterson IHOP / + 1 859 913-6501
Stephanie.peterson@ihop.com
Tom Liutkus TravelCenters of America +1 440-808-7364
Tliutkus@ta-petro.com
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