International House of Pancakes

IHOP, or International House of Pancakes, is a well-established American restaurant chain known for its breakfast offerings, especially pancakes, waffles, and omelets. The company began in 1958 in Burbank, California, founded by Jerry Lapin, Al Lapin Jr., and Albert Kallis. Its early years were marked by a distinctive architectural style and a focus on family dining, which helped the brand become a familiar name in communities across the country. Franchising started in 1961, accelerating IHOP’s reach beyond California and setting the stage for national growth.

A notable milestone in IHOP’s history came in 1973, when the brand officially adopted its abbreviated name and broadened its menu to include lunch and dinner. This shift positioned IHOP as a versatile dining option, appealing to guests throughout the day. As of December 2022, IHOP operated 1,841 locations worldwide, maintaining a strong presence in every U.S. state and expanding into Canada, Mexico, and select international markets. Most restaurants are run by franchisees, combining local ownership with the consistency of a trusted national brand. IHOP is part of Dine Brands Global, which also owns Applebee’s, further reinforcing its standing in the casual dining sector.

In recent years, IHOP has evolved to meet changing consumer needs and real estate trends. The company has introduced new formats such as Flip’d by IHOP, designed for urban settings and customers seeking quick service. Expansion has focused on high-traffic retail corridors and mixed-use developments, with active growth in Canada, Mexico, and overseas markets like the Middle East and Asia. IHOP continues to innovate with its menu and technology, including digital ordering platforms that enhance convenience for guests.

For landlords, brokers, and developers, IHOP’s substantial footprint, adaptable store formats, and steady growth make it a reliable anchor for a variety of retail environments. The brand’s ability to attract consistent foot traffic and operate successfully in diverse markets underscores its credibility and relevance in today’s commercial real estate landscape.