IHOP, Applebee's owner plans up to 160 restaurant closings - WFMJ.com News weather sports for Youngstown-Warren Ohio

IHOP, Applebee's owner plans up to 160 restaurant closings

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The operator of Applebee's and IHOP restaurants has said that it plans to close as many as 160 locations.

Richard J. Dahl, Chairman and interim Chief Executive Officer of DineEquity, Inc. announced on Thursday that the company plans to shut down between 105 and 135 Applebee's restaurants and between 20 and 25 IHOP that he says are not performing up to expectations.

The company has not disclosed which restaurants will be shut down.

IHOP operates restaurants in Boardman and Niles. Applebee's has locations in Niles, Boardman and Alliance, Ohio, as well as in Hermitage and New Castle, Pennsylvania.

Dahl also announced that DineEquity plans 20 to 30 new franchisees for Applebee's, and 80 to 95 new IHOPs.

"We believe 2017 will be a transitional year for Applebee's and we are making the necessary investments for overall long-term brand health and expect to see improvement over the next year," said Dahl.

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