GLENDALE, Calif.—IHOP officials announced an agreement today with a Manila-based company to open 20 restaurants in the Philippines over the next five years, with an option to develop outlets in Malaysia, Taiwan, Thailand, Singapore and Vietnam.
The deal between Interdine Corp., a unit of Global Restaurant Concepts Inc., which operates several U.S. brands in the Philippines, and IHOP subsidiary DineEquity Inc. could create about 1,000 jobs, according to IHOP.