Jerry Lapin, Al Lapin, and Albert Kallis founded International House of Pancakes in the Los Angeles, California, area in 1958 with the help of Sherwood Rosenberg and William Kaye. The first restaurant opened on July 16, 1958, at 4301 W. Riverside Drive in
Burbank, California. The first prototype design for IHOP building was a steep-roofed
A-frame building with a distinctive blue roof; the last such location to be built was completed in 1979. While most IHOP locations no longer use the A-frame buildings, several still exist around the U.S. using a cartoon kangaroo in its commercials at the time, and since then the full name and acronym have been officially interchangeable. In 1976, International Industries was renamed to IHOP, Inc., and IHOP Corporation was founded as a new holding firm for IHOP, Love's Wood Pit Barbecue, and Original House of Pies (which was sold shortly afterwards).
Acquisition of Applebee's On July 16, 2007, IHOP Corporation announced a plan to acquire the bar-and-grill chain
Applebee's in an all-cash transaction, valued at approximately US$2.1 billion. In the arrangement, Applebee's stock holders would receive $25.50 a share. Applebee's shareholders approved the acquisition with a 70% vote. A number of executives from Applebee's voted against the offer. The chain's largest individual shareholder, Applebee's director Burton "Skip" Sack, called the IHOP offer unfair to its shareholders and stated he planned to sue IHOP for a higher price to be paid to him. As part of the purchase, a brand remarketing scheme and revitalization of the Applebee's image was intended. The buyout successfully closed on November 29, 2007, and the corporate entity IHOP changed its name to
DineEquity on June 2, 2008. == Menu ==