Applebee's

Operations

Dine Brands CEO: Life with COVID becoming the norm

John Peyton said Americans are learning to live with the virus and its various mutations, which is good for Applebee’s and IHOP.

Financing

Why casual-dining chains may be a good investment bet

The Bottom Line: Valuations for fast-food restaurants have taken off this year. But more lenders, and some operators, believe the future is good for full service.

The Walker Hayes hit about eating Bourbon Street Steak and Oreo Shakes generated lots of attention for the chain, as well as some of its most popular advertising ever.

It’s the second major deal for the Dallas-based franchisee, which is buying out one of the casual dining chain’s largest operators.

Parent Dine Brands is winding down a process that led to hundreds of closures over the past several years, and sees fertile ground for growth coming out of the pandemic.

The operator of six restaurant concepts has added 20 lodging properties to his holdings in a $211 million deal.

Meanwhile, parent Dine Brands is about to consider "all options to optimize shareholder return."

John Peyton, the new CEO of parent company Dine Brands, sees ample room for additions in the brands' "renaissance."

Parent Dine Brands Global intends to increase its development options by creating smaller prototypes and opening Flip'd units.

Dine Brands Global also plans to resume development of IHOP's fast-casual spinoff, Flip'd.

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