Restaurants: Chain Closes Operations in Costa Rica

Arguing that there were problems of profitability, the Applebee's chain decided to close the three service centers it was operating in the country.

Monday, January 6, 2020

The restaurant franchise was operated in Costa Rica by the company Dine Equity, and the premises that were closed were located in Terrazas de Lindora, San Pedro and Cariari.

You may be interested in "Restaurants: Trends and Preferences in Guatemala"

Julio Villegas, operations manager of Applebee's Costa Rica, confirmed to Elfinancierocr.com that they will cease "... 'their presence in the country, because the profitability of the chain has not been ideal to maintain the operation. We have taken this decision in the most responsible way taking into account the interests and needs of our 90 collaborators who have been with us for more than 10 years'."

Also see "What kinds of Foods Do Costa Ricans Prefer?"

The article reviews "... Although the franchise was initially operated in Costa Rica by Aguacero de Bendiciones S.A., it later passed into the hands of the American Group Dine Equity, which also manages the IHOP (International House of Pancakes) restaurants."

Applebee's opened its first restaurant in the country in May 2009 in Momentum Lindora, then in 2010 it invested in the opening of a new location in Plaza Carolina, San Pedro. In August 2012, the third point of attention began to operate, in Plaza Bratsi, Heredia.

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DineEquity, Inc.® ("DineEquity"; NYSE:DIN), one of the world's largest full service restaurant companies and the parent company of Applebee's and IHOP® restaurants, has opened the first  Applebee's® Grill + Bar on December 8 in Panama City, Panama it was announced today by Stephen Joyce, CEO and President, International, DineEquity Inc. The restaurant is the first of five locations planned for Panama within the next five years under an agreement with franchisee Collins Restaurant Group, Inc.

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