Some Sacramento-Area Applebee’s and IHOP’s Could Be Closing

Some Sacramento area Applebee’s and IHOP’s could be closing down in the next year. The parent company of Applebee’s and IHOP, DineEquity, announced yesterday it could close between 105 and 135 Applebee’s restaurants and 20 to 25 IHOP restaurants. So far, the company hasn’t said which restaurants will close, but say older locations in areas that aren’t busy and restaurants that aren’t meeting expectations will be the first to go. According to CBS News, the parent company to both chains’ shares have lost nearly half of its value.

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