Dine Brands International Expands with IHOP® Non-Traditional Restaurant Franchisee Deal with K2 Group in Ontario, Canada
August 16 2021 - 8:20AM
Business Wire
Five restaurants planned to open over the
next five years
Dine Brands International today announces expansion plans for
new non-traditional restaurants across Ontario, Canada. Through an
agreement with Kailash Kasal — President of Toronto-based
investment company, K2 Group - a minimum of five IHOP restaurant
openings will take place in Ontario over the next five years. The
first is scheduled to open in a truck stop location in Belleville
at the beginning of 2022, and other locations, including Hamilton,
Waterloo, and London, will follow.
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Rendering of Future Belleville, Ontario
IHOP (Photo: Business Wire)
“We are pleased to push forward with our international expansion
plans and believe working with the K2 Group team, along with our
existing franchisee team in the market; will create the perfect
opportunity to successfully build and grow our portfolio across
Ontario,” said Tony Moralejo, President, International, Dine Brands
Global, Inc.
“We are optimistic that the market is well-positioned to get
back to its pre-pandemic growth momentum. Almost regardless of the
level of economic uncertainty, we are able to bring jobs, as well
as our local and hand-made to order menu items to our Canadian
neighbors, offering a safe work and dining experience as we all
return to eating out,” added Moralejo.
The inaugural Belleville location will be a one-of-a-kind
restaurant and one of the first IHOP locations to open in Ontario
outside of Niagara Falls. Construction begins in August, 2021, with
an opening date of February, 2022.
“The role of restaurants in local communities remains crucial to
ensuring residents and visitors have a place to come and gather.
With more than 30 years in the business, I’m confident our new
Ontario restaurants will thrive as we work to meet our guests where
they are while providing exceptional dining experiences and the
world’s most famous pancakes,” said Kailash Kasal, President, K2
Group, a Dine Brands Franchisee.
Dine Brands International continues to place emphasis on growth
in markets, including North America, The Middle East, Asia, and
Latin America. For more information on international franchise
opportunities, click here.
About Dine Brands Global, Inc.
Based in Glendale, California, Dine Brands Global, Inc. (NYSE:
DIN), through its subsidiaries, franchises restaurants under both
the Applebee's Neighborhood Grill + Bar and IHOP brands. With
approximately 3,450 restaurants combined in 16 countries and
approximately 350 franchisees, Dine Brands is one of the largest
full-service restaurant companies in the world. For more
information on Dine Brands, visit the company’s website at
www.dinebrands.com.
About K2 Group
K2 Group is a privately held fully integrated company that
strategically acquires, develops, constructs and repositions
hospitality, petroleum and real estate assets throughout Canada. We
endeavor to deliver sustained; above-market returns for our
investors and partners by facilitating the flow of capital and
knowledge to our projects. For more information on K2 Group, visit
the company’s website at www.k2group.ca.
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Susan Nelson Vice President, Communications Dine Brands Global,
Inc. Susan.Nelson@applebees.com
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