article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . april 2010 learn how and when to remove this template message international house of pancakes ihop type subsidiary industry restaurants founded july 7 1958 ; 58 years ago 1958 07 07 1 2 los angeles california u.s. founders jerry and al lapin jr. headquarters glendale california u.s. number of locations 1 650 area served north america middle east the philippines key people darren rebelez president russell findlay vp marketing products breakfast foods pancakes waffles french toast lunch dinner sandwiches revenue us 349.6 million 2006 3 operating income us 72.8 million 2006 3 net income us 44.5 million 2006 3 number of employees 32 300 2007 3 parent dineequity website www.ihop.com logo used until 2015 . international house of pancakes stylized as its acronym ihop a h p is an american multinational pancake house fast casual family restaurant chain that specializes in breakfast foods . it is owned by dineequity with 99 % of the restaurants run by independent franchisees . 4 while ihop s focus is on breakfast foods such as pancakes french toast crepes and omelettes it also offers a menu of lunch and dinner items . the company has 1 650 locations in the united states canada and the middle east . it is known for many of its locations being open 24 hours a day 7 days a week . for locations that aren t open 24 hours the franchise s minimum operating hours are sunday through thursday from 7 a.m. to 10 p.m. and fridays and saturdays from 7 a.m. to 12 midnight . 5 contents 1 history 2 buyout of applebee s 3 legal case 4 see also 5 references 6 external links history edit jerry lapin al lapin and albert kallis founded international house of pancakes in 1958 with the help of sherwood rosenberg and william kaye . the first restaurant opened on july 7 1958 at 4301 riverside drive in toluca lake los angeles california . 1 the location is coincidentally across from the oldest remaining bob s big boy restaurant . albert kallis was a professional artist who designed the film posters of american international pictures in the 1950s . director bert i. gordon recalled that kallis designed their logo 6 and left poster artwork . the menu later expanded especially in the 1980s to include along with breakfast foods standard lunch and dinner items found in similar restaurant chains such as denny s. from 1959 to 1975 it was the flagship division of international industries a holding company which also owned the orange julius refreshment stands . 7 in 1973 the chain s name was shortened to ihop for marketing purposes and since then the full name and acronym have been officially interchangeable . 1 from 1976 onward the company increasingly favored the acronym . 7 franchising agreements with m.h. alshaya an international restaurant franchising firm resulted in an agreement for alshaya to open as many as forty ihop locations in the middle east beginning in 2012 . by the end of 2013 ihop restaurants operated in three middle eastern countries kuwait saudi arabia and the united arab emirates . 8 an ihop with the older look and former logos in orlando florida an ihop in poughkeepsie new york buyout of applebee s edit on july 16 2007 ihop corporation stated its desire to acquire the bar and grill chain applebee s international inc. in an all cash transaction valued at approximately us 3.1 billion . under the deal ihop would pay 25.50 per share for applebee s. ihop stated it would franchise most of applebee s 500 company owned facilities . applebee s had 1 943 restaurants worldwide at the time including those operated by franchisees . 9 with a larger than 70 % vote the company approved the undertaking of this enterprise which closed on november 29 2007 . the deal beat 26 other offers to purchase the flagging applebee s. a number of executives from applebee s voted against the offer . the chain s largest individual shareholder applebee s director burton skip sack stated he planned to take ihop to court to demand a higher amount of money to be paid to him because the purchasing price that ihop offered is unfair to the shareholders of applebee s. as part of the purchase a brand remarketing scheme and revitalization of the applebee s image was intended . 10 the buyout successfully closed on november 29 2007 11 and the corporate entity ihop changed its name to dineequity on may 28 2008 . 12 legal case edit in early september 2010 ihop filed a lawsuit in u.s. district court in los angeles against international house of prayer and six other defendants alleging trademark dilution and infringement . 13 14 the lawsuit was dropped on december 21 2010 with the dispute resolved out of court . 15 see also edit los angeles portal companies portal food portal golden nugget pancake house list of pancake houses pancake house the original pancake house walker brothers waffle house references edit a b c ihop history . ihop . retrieved may 4 2015 . wktv.com ihop celebrates its 57th anniversary with 57 cent short stacks . wktv . 2015 07 06 . retrieved 2016 02 28 . a b c d e joe bramhall . ihop corp. . hoovers . retrieved 2007 11 20 . dineequity inc. brands . dineequity.com . frequently asked questions locations hours . ihop.com . retrieved 14 july 2016 . marty mckee marty bert i. gordon interview march 15 2003 a b ihop history from funding universe website dineequity inc. investor relations news release . dineequity.com . ihop to buy applebee s for about 1.9 b . adamy janet october 31 2007 . ihop s tall order reviving applebee s . the wall street journal . ihop completes purchase of applebee s . kansas city business journal . november 29 2007 . ihop changes name to dineequity ihp . the wall street journal . dead link complaint ihop ip llc v. international house of prayer et al pdf . pacermonitor . pacermonitor . retrieved 22 june 2016 . bradley donald sep 14 2010 . ihop the pancake maker sues ihop the prayer center over trademark . kansas city star . glendale news press december 29 2010 pancake versus prayer dropped external links edit wikimedia commons has media related to ihop . official website retrieved from https en.wikipedia.org w index.php title ihop & oldid 743497124 categories companies based in glendale californiapancake housesfast food chains of the united statesrestaurant franchisesrestaurants established in 1958restaurants in los angeles1958 establishments in californiahidden categories all articles with dead external linksarticles with dead external links from august 2010articles needing additional references from april 2010all articles needing additional referencespages using infobox company with unsupported parameterscommons category with local link same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search 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