Based in Glendale, California, DineEquity, Inc., through its subsidiaries, franchises restaurants under the Applebee’s Neighborhood Grill & Bar® brand and franchises and operates restaurants under the IHOP® brand. As of September 30, 2016, there were more than 3,700 Applebee’s and IHOP restaurants combined in 18 countries and 3 U.S. territories and approximately 400 franchisees, making DineEquity one of the largest full-service restaurant companies in the world. For more information on DineEquity, visit http://www.dineequity.com. In November 2007, DineEquity successfully completed the acquisition of Applebee’s International, Inc., which represented an opportunity to create significant long-term value for the Company’s stockholders.
DineEquity has re-energized both brands through enhanced marketing, extensive menu innovation, and operational strategies. The Company has successfully transformed its IHOP restaurant system into one that is 99% franchised. DineEquity refranchised its Applebee’s company-operated restaurants in July 2015, making the Applebee's system 100% franchised.