Argonne acquires 40 IHOP locations

Largest IHOP franchise operator also looking to acquire more Applebee's locations

Argonne Capital Group LLC, the nation’s largest IHOP franchise operator, added 40 IHOP restaurants to its growing portfolio. It also said it is hungry to acquire more of IHOP sister brand, Applebee’s.

Atlanta-based Argonne Capital Group, through affiliate Peak Restaurant Group LLC, acquired the assets, operations and franchise rights to 40 IHOP locations in seven Western states. The acquisition brings to 254 the number of IHOP restaurants operated or subfranchised by Argonn

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