The Hilton Times Square building is attached to the Applebee's, including an express walkway for guests to visit the restaurant, but the hotel closed its doors in September 2020. "In the wake of this, everything changes. The defense's closing arguments will follow afterward. Top editors give you the stories you want delivered right to your inbox each weekday. For now, each company continues to face business challenges but they appear to be stabilizing. The companys CEO has stated the cuts and other measures will save the chain $200 million yearly. The parent company that owns both Applebees and IHOP announced on Wednesday that around 100 locations would be closing for good because of the coronavirus pandemic. More Info At www.thedelite.com Visit site 18 Little Caesars. Prosecutors have faced a considerable hurdle the lack of any direct evidence, such as a murder weapon, bloody clothing or eyewitnesses, that connects Murdaugh to the killings. Closing arguments are underway in the Alex Murdaugh double murder trial. THAT PERSON IS THE DEFENDANT, RICHARD ALEXANDER MURDOC. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. As excerpted from the article: Applebee's has been struggling for quite some time, closing more stores than IHOP. The restaurant hasn't paid rent since June 2019 and now owes $7 million in back rent. The Times Square Applebee's Neighborhood Bar + Grill restaurant is franchised by Apple-Metro Inc., which runs over 30 Applebee locations throughout New York. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. State prosecutors and defense attorneys are set to deliver closing arguments Wednesday in the murder trial of Alex Murdaugh, the disbarred South Carolina attorney accused of killing his wife and . The acquisition was completed on November 29, 2007, after which IHOP Corp. was renamed DineEquity. per Nation's Restaurant News. According to Roy Raeburn, co-founder of Apple-Metro, sales at the Times Square Applebee's location saw a staggering 75% drop compared to pre-pandemic levels, as of April 2022. "2021 represents the culmination of our strategic brand optimization work over the past several years," Cywinski says. He knows what to do to try to prevent evidence from being gathered. The special will be hosted by CNN anchor and senior legal analystLaura Coates, a former Department of Justice attorney who worked in both the George W. Bush and Barack Obama administrations. Because he was the threat to Maggie and Paul. "Given the impact of the pandemic on individual restaurant-level economics, the company is evaluating the viability of greatly underperforming domestic IHOP restaurants," Dine Brands stated in the release. The latest breaking updates, delivered straight to your email inbox. This article is based on corporate postings and accredited media reports. Last week Murdaugh testified that he had lied about his whereabouts on the night of the killings, changing his account after the jury was presented with video evidence placing him at the scene minutes before investigators say the murders occurred. Fans of Applebee's in Peoria will have to travel to Pekin, where an Applebee's . Get browser notifications for breaking news, live events, and exclusive reporting. DineEquity, the . Linked information within this article is attributed to the following outlets:Wikipedia.org, ScrapeHero.com, LittleCaesars.com, PRNewswire.com, and RestaurantDive.com. "It worked.". Ghost kitchens are also part of the plan. Waters noted that this weapon went missing and Murdaugh cannot account for it. (AP Photo/Tom Gannam). as well as other partner offers and accept our. While specific locations were not disclosed, over half of the closures are part of its February announcement that by the end of 2020 it would be permanently closing 450 limited-menu Dunkin' cafes that are located inside Speedway convenience stores. The parent company of both Applebee's and IHOP stated that several of the restaurants' locations would close permanently after a financial review the company stated Wednesday in a press release. And, where goes Applebees will likely also go its sister company. Linked information within this article is attributed to the following outlets:BethesdaMagazine.com and BizJournals.com. 2021. This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets:Wikipedia.org, ScrapeHero.com, and WMAR2News.com. In an interview with The Journal, John Peyton, the CEO of Dine Brands, which owns IHOP and Applebee's, said the company had to shut down delivery options in the evenings or on weekend mornings when it was most busy with eat-in customers. "And that's why we are leaning into development. By 2023, the chain will be opening a ballpark of 80 new locations a year, up from its usual 40. From CNNs Macie Goldfarb and Alta Spells, State prosecutor Creighton Waters, describing what he said was the scene when Paul and Maggie Murdaugh were fatally shot, said Maggie Murdaugh saw what happened to Paul and came "running to her baby.. The IHOP family restaurant chain is expected to close as many as 99 restaurants during the next six months as the result of a financial review currently underway, and casual-dining sister brand Applebee's Neighborhood Grill is expected to permanently shut down 15 branches during the fourth quarter, franchisor Dine Brands Global alerted investors Applebee's isn't the only restaurant closing in the area, either. Last month, Starbucks announced it would be closing close to 400 of its Tevana retail stores. Now, Applebee's Neighborhood Bar + Grill is getting evicted from its Times Square location. Mozzarella Sticks. From the article: Over the past five years, Applebee's made the strategic decision to close about 300 underperforming units, a process that was completed in fiscal 2021, Peyton said in an interview with Nation's Restaurant News following the fourth-quarter earnings report. Alex Murdaugh lied and fooled everyone who felt like they knew him, prosecutor Creighton Waters said Wednesday, as he made his final plea to the jury. "After an exhaustive investigation, there is only one person who had the motive, who had the means, who had the opportunity to commit these crimes, and also whose guilty conduct after these crimes betrays him," Waters said. Prosecutor Creighton Waters finished his closing argument in the murder trial of Alex Murdaugh shortly before 5 p.m. The now-disbarred attorney is separately facing 99 charges related to alleged financial crimes that will be adjudicated at a later trial.Video below: Former law partner testifies at Alex Murdaugh murder trialThe defense case was highlighted by Murdaugh himself, who offered dramatic testimony over two days last week in which he flatly denied killing his wife and son. In the news release, Dine Brands stated that 15 Applebee's locations would close for good sometime in the fourth quarter of 2020. Prosecutors have used the video to place Murdaugh at the scene of the killings, contradicting his previous repeated statements to law enforcement that he had not been there that night. After a pandemic slump and an ongoing strategy of shutting down unprofitable locations, several chains have now begun to speak of major expansion again. Stay up to date with what you want to know. Wi-Fi Available. The parent company of both Applebee's and IHOP stated that several of the restaurants' locations would close permanently after a financial review the company stated Wednesday in a press release. Video below: Former law partner testifies at Alex Murdaugh murder trial. Just announced: Applebee's is closing up to 135 restaurants Visit site www.applebees.com Applebee's 2021 Restaurant News - See Announcements Visit site www.kcrg.com About 100 IHOP and Applebee's restaurants to close Visit site www.eatthis.com These Two Beloved Restaurant Chains Are Closing Up To 115 . Store Closings Affect Hudson Valley On Many Levels. The company will close up to 1% more of its 1,689 restaurants in 2022 to prepare for growth in 2023. Darden Restaurants, which owns Olive Garden and LongHorn Steakhouse, among other chains, is doing the same and cutting its online-delivery business at certain points on weekends because of "excess demand," its CEO said in a recent earnings call. In 2018, the Applebee's at 900 East Riverside Drive in East Peoria closed as part of a string of closings nationwide. Applebee's plans to increase delivery and takeout options, which are already boosting sales, according to The Wall Street Journal. Closing arguments are underway as the murder trial of Alex Murdaugh comes to an end. Dine Brands reported a net income for the quarter of $10 million, a decline of 58.2%, on revenues of $176.6 million, down 18.7%. 11/1/2021Opens in a new pageApplebee's Offers Free Meals in Honor of Veterans Day for 14th Year 11/1/2021Opens in a new pageApplebee's Spreads Holiday Cheer with the Return of $5 Sleigh Bell Sips 10/4/2021Opens in a new pageFan-Favorite Offer Returns to Applebee's with a Dozen Double Crunch Shrimp for Only $1 with any Steak Entre In December, 2021, Mashed.com updated a previously-published piece, The Real Reason Why IHOP is Disappearing Across the Country, which directly addressed business concerns regarding both entities. With those first two shots, Maggie crumples over, and is shot a third time, the bullet goes through the left side of her head, Waters said. All quotes delayed a minimum of 15 minutes. Norfolk's Applebee's had typically opened from 11 a.m. to 9 p.m on weekdays, but Roberts said the restaurant might not have enough supplies to remain open until 9 p.m. Tuesday. Waters said that everything Murdaugh did the night his wife and son was murdered was meant to deflect blame. The popular steakhouse chain is in the midst of an expansion. Her name at that time was Karen Sandberg, but Scott always. When askedabout what he did after he was heard at the kennel in a video on Paul's phone, Murdaugh said "I got out of there," according to Waters. If only I had gone to the kennels. advice every day. Dont let him fool you too," he told the jury as he wrapped up his closing arguments. Applebee's operators opened four U.S. restaurants and closed 13 . Murdaugh admitted that he lied to investigators about his whereabouts on the night that his wife Maggie and son Paul died in June 2021. In October of 2020, major restaurant operator Dine Brands alerted its investors that it was conducting a financial review of its two major brands, IHOP and Applebee's, and as a result, was expecting to close as many as 99 restaurants across both brands in the following six months. The company now expects to shut down between 105 and 135 of its nearly 2,000 Applebee's locations. For Applebee's, closures are nearing the end, but they're not there yet. Sign up for notifications from Insider! Prosecutor Creighton Waters argued to the jury that Alex Murdaugh was "manufacturing an alibi" by calling and texting his wife and son, among others, after they were killed. 2023 Applebee's Restaurants LLC. Linked information within this article is attributed to the following outlets:Wikipedia.org, WSBTV.com, and BusinessInsider.com. is an . Announces Second Quarter 2022 Dividend, Dine Brands Inc. Says Pandemic Made Applebees and IHOP Stronger. Applebee's isn't the only restaurant closing in the area, either. Garland testifies before Senate panel amid ongoing special counsel probes, Colon cancer rates rising in younger age group, study finds, Firefighter dies battling blaze in downtown Buffalo, mayor says, Top McCarthy aide, House Oversight chair each met with Ashli Babbitt's mother, What to know about Shigella bacteria as drug-resistant strain spreads, Closing arguments underway in double murder trial of Alex Murdaugh, Ex-Georgia star Jalen Carter was racing in deadly crash, arrest warrants allege, Fiery train crash in Greece kills dozens, many of them students, Bipartisan Senate group unveils rail safety bill in response to Ohio derailment. And Shake Shack, which has seen a major decline in sales at its urban locations, recently announced the biggest expansion to date, which will take place in 2022 and add some 45 to 50 Shacks across the United States. The defense has also sought to show that Paul and Maggie could have been shot in a much wider window of time, including after Murdaugh said he had left the kennels. This article is based on corporate postings and accredited media reports. The company did not say which restaurants are on the chopping block but that expected closures will be based on several criteria, including franchisee profitability, operational results and meeting brand quality standards. Major redevelopment is coming soon. The changes are planned to imminently take effect. The Times Square Applebee's will likely close within the next 30 to 60 days. Applebee's had 1,509 . They also plan on implementing new technology in their restaurants for a convenient, touch-free experience. ET. Burger King announced in August 2020 that "several hundred". In March, after Dine Brands Global, Inc. (which owns Applebee's and IHOP) announced its fourth-quarter and full-year fiscal report, the stock fell by more than 5%, says InvestorsObserver. COLLETON COUNTY, S.C. (WCBD) - The jury will take a trip to Moselle first thing Wednesday morning to visit the scene of the crimes. All linked information within this article is fully-attributed to the following outlets: Wikipedia.org, Nations Restaurant News, ScrapeHero.com, DineBrands.com, Mashed.com, DoYouRemember.com, Yahoo.com, and RestaurantClicks.com. After the murders, a hearing in the wrongful death lawsuit was delayed, demands from his partners concerning the stolen funds dissipated and the community rallied to his side. The family has in recent years been trailed by a series of deaths, including those of Murdaugh's wife and son; the 2018 death of their housekeeper Gloria Satterfield; the 2019 death of 19-year-old Mallory Beach after a boat allegedly driven by Paul Murdaugh crashed; and the unsolved 2015 death of 19-year-old Stephen Smith, whose case was reopened based on information gathered while investigating the deaths of Maggie and Paul Murdaugh. After closing about 300 underperforming stores since 2017, the chain expected this to be the year it would open more restaurants than it closed, returning the brand to a path of growth for years to come, . 2023 was supposed to be a landmark year for Applebee's growth plans. This has put many businesses in a challenging position and meant they've had to reduce hours or close entirely because they can't find enough staff. Applebee's troubles go back years. According to the former entitys Wikipedia page: On July 16, 2007, IHOP Corp. announced that it agreed to buy Applebee's International for about $2.1 billion. Get the best food tips and diet advice In the weeks leading up to the murders, Murdaugh was confronted by his son and wife about his drug use and by a paralegal at his law firm about missing funds, Waters said. Murdaugh trial prosecutors cast him as a 'family annihilator' during closing arguments. No Colorado Springs-area Applebee's restaurants will close, despite last week's announcement by the chain's owner that it plans to shutter as many as 135 Applebee's nationwide. Linked information within this article is attributed to the following outlets:Wikipedia.org and B985.FM. State prosecutors began closing arguments Wednesday in the murder trial of Alex Murdaugh, the disbarred South Carolina attorney accused of killing his wife and son at the family's countryside estate in 2021. Murdaugh said he initially lied to investigators about his alibi, including to the responding officers that night, because of paranoia tied to his drug habit and because he did not trust the police. 10/29/20 AT 11:16 AM EDT. The Applebee's are closed on Christmas day. WALTERBORO, S.C. Closing arguments are taking place Wednesday in the double murder trial of Alex Murdaugh, the final time both sides will have a chance to make their case to the jury before . Newman said he expected the jury would be back in court for closing arguments around 11 a.m. But, the physical 11,000-square foot space on 42nd Street where Applebee's resides (or, resided) is owned by Madison International Realty, who says it's time for Applebee's to leave. ET on June 7, 2021. Its spinach and artichoke dip and the Bourbon Street Steak are arguable triumphs of affordable dining. Linked information within this article is attributed to the following outlets:Wikipedia.org and FSRMagazine.com. Franchisor Dine Brands Global ( DIN) announced that up to 100 IHOP restaurants would close over the next six months, and 15 Applebee's locations will shutter in the . IHOP, Applebee's, and Olive Garden are halting online-ordering services at peak times. Waters said Murdaugh was unable to answer important questions, such as the nature of his last conversation with his family and what he was doing during certain time periods that night. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Numerous witnesseshad testified Murdaugh's voice is in the background of the video recorded by his son at 8:44 p.m. Our Standards: The Thomson Reuters Trust Principles. So, the company has been doing a lot of pruning. It's taking advantage of an opportunity at this moment in time." Applebee's will begin adding locations in 2023 Shutterstock For Applebee's, closures are nearing the end, but they're not there yet. The company will close up to 1% more of its 1,689 restaurants in 2022 to prepare for growth in 2023. Update: A comment from IHOP's parent company has been added to the story. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Less than 100 IHOP locations are expected to close in the next six months, along with 15 units of sister chain Applebee's. The disgraced South Carolina lawyer pleaded not guilty to. This article is based on corporate postings and accredited media reports. Access your favorite topics in a personalized feed while you're on the go. At the same time, he admitted that he had lied to investigators about his whereabouts the night of the killings, and he admitted to stealing millions of dollars from his former clients and the law firm and lying to cover his tracks.Murdaugh said he'd lied to police about his whereabouts because of "paranoid thinking" stemming from his addiction to opiate painkillers. As many chain restaurants of its size have been closing locations at a rapid pace, Olive Garden continues to add the occasional new site. All those things that were coming to a head immediately go away," Waters told the jury. Parent TJX Companies has announced an ambitious national expansion. day, 2022 Galvanized Media. We believe 2017 will be a transitional year for Applebee's and we are making the necessary investments for overall long-term brand health and expect to see improvement over the next year," Richard J. Dahl, chairman and interim CEO of dineEquity, Inc. said in the statement. The closing arguments come more than a month into the stranger-than-fiction trial of Alex Murdaugh, the former personal injury attorney and member of a dynastic family in South Carolina's Lowcountry, where his father, grandfather and great-grandfather served as the local prosecutor consecutively from 1920 to 2006. Black Ice Possible Across Hudson Valley: National Weather Service, Merchant Wins Democratic Nomination For New Rochelle City Council, TSA PreCheck Enrollment Coming To Westchester County Airport For Limited Time, Open House for Summer 2023 Jr. "The defendant is the one person who was living a lie.". In July 2020, the company announced it would be closing an estimated 800 locations within the year. Murdaugh's lawyers, who will deliver their closing argument later on Wednesday, have sought to portray him as a loving family man who, while facing financial troubles and suffering from a powerful addiction to opioids that led him to lie and steal, would never harm his wife and child. ET. In July, fried chicken giant Popeye's signed the lease on a new flagship location in Times Square, says New York Post. 21 Olive Garden. including Applebee's after closing about 200 underperforming restaurants in the past couple of years. 26 Whataburger. While the Hilton plans to reopen to the public in November, it doesn't help its (literal) Neighborhood Bar + Grill, which had undoubtedly suffered from the sudden lack of business from hotel guests. "Closures are part of the normal course of business in the industry, especially for a company of our size and footprint, and occur for many reasonsincluding a restaurant being in a lapsed trade areawhere once vibrant traffic characteristics are no longer presentor as a result of leases expiring, among other reasons," a spokesperson said at the time to Restaurant Business. HE HAS PLEADED NOT GUILTY TO THE CHARGES. This article is based on corporate postings and accredited media reports. This article is based on corporate postings and accredited media reports. The former lawyer is accused of murdering his wife and younger son in June 2021 on the family's estate as a . This article is based on corporate postings and accredited media reports. Murdaugh pleaded not guilty to killing his wife and son in June 2021. At Applebee's the company said it would close between 105 and 135 restaurants across the country. But it was also a bigger strategy on the part of Dine Brandsthe operator was pruning underperforming locations to make room for more constructive growth. Among the defense witnesses was Murdaugh's only surviving son, Buster Murdaugh, who testified his father was "devastated" by the killings. A forensic pathologist called by the defense, Jonathan Eisenstat, testified Monday that armpit temperature checks are "not a valid method" to determine the time of death and called the technique "just a guess." representing a 4.6% premium to the closing price on July 13, 2007. Paul Murdaugh was killed by shots from one of his "favorite guns," Waters said. He has pleaded not guilty to two counts of murder and two weapons charges. A major goal for the new ownership was to revitalize the chain, as well as shift towards a franchise model for the majority of its locations. Directions Start Order. Did you know? HUDSON VALLEY, NY Anywhere between 105 and 135 Applebee's restaurants and between 20 and 25 IHOP locations will be closing this year, the restaurants' parent company, dineEquity, said in a . Some of America's favorite local dining spots, including Olive Garden, Applebee's, and IHOP, are being forced to dial back on online ordering and delivery options because of staffing shortages, The Wall Street Journal reported. He was motivated, prosecutors argue, by a desire to gain sympathy and distract from a slew of financial misconduct allegations against him that were on the verge of becoming public. Get todays need-to-know restaurant industry intelligence. The sale of the stalwart location is being promoted, in part, as a major center for potential redevelopment. Linked information within this article is attributed to the following outlets:ScrapeHero.com and RGJ.com. The prosecutor also noted to the jury the kinds of questions Murdaugh asked law enforcement after the murders. The Times Square McDonald's closed for good in June 2020 after operating for almost 20 years, per New York Daily News. Linked information within this article is attributed to the following outlets:Google.com, NewsBreak.com, and BusinessInsider.com. He testified that he went to the kennels at Maggie's request, but insisted he returned to the house before the killings and then left the property to visit his ailing mother in nearby Almeda. The jury visited Moselle to review the crime scene earlier on Wednesday. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Not valid with "2 for $XX Menu.". IHOP locations include Poughkeepsie, Newburgh and Monroe in the mid-Hudson Valley; West Nyack and Spring Valley in Rockland County and Mohegan Lake, Hartsdale, Yonkers and Larchmont in Westchester. THE DEFENDANT IS THE PERSON WHOSE OWN STORM WOULD LAY CONSEQUENCES FOR MAGGIE AND PAUL AND OF THOSE WHO TRUSTED THEM. Also according to ScrapeHero.com, as of May 24, 2022, 1666 IHOP locations operate in the U.S. with the majority of locations also in California with 221. "In that trade-off, we are always going to make sure that we're serving the guests that are physically in front of us because that experience has got to be right," he told the paper. Give Light and the People Will Find Their Own Way. It's taking advantage of an opportunity at this moment in time.". This article is based on corporate postings and accredited media reports. On their website, Dine Brands Global presently claims over 3431 locations in 16 countries and two U.S. territories for both restaurants collectively. List Of Applebee's Restaurants Closing - All information . "After an exhaustive investigation, there is only one person who had the motive, who had the means, who had the opportunity to commit these crimes, and also whose guilty conduct after these crimes betrays him," prosecutor Creighton Waters said. View Menu. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Jurors heard from more than 70 witnesses over six weeks of testimony before visiting Murdaugh's sprawling property, known as Moselle, in Islandton, South Carolina, on Wednesday morning. Brew Pub Pretzels & Beer Cheese Dip. Closing arguments began in the murder trial of Alex Murdaugh who is accused of killing his wife and son at the family's South Carolina estate in 2021. Family-dining restaurants in particular have struggled during the pandemic. This article is based on corporate postings and accredited media reports. Instead, he said, internal body temperatures should be taken. At the same time, he admitted that he had lied to investigators about his whereabouts the night of the killings, and he admitted to stealing millions of dollars from his former clients and the law firm and lying to cover his tracks. Member of PEN America, and the WGA. This wasn't the first time for the chain, either: three years prior, in 2018, Applebee's 1,570 stores were 100% owned by franchisees. As of January 2022, Applebee's is not closing or in danger of closing. . 24 Applebee's. 25 Chili's Grill & Bar. single If you listen to his statements again and you listen to the questions he asked, he's asking questions like that, he's trying to figure out what do the police have, what do they know," Waters said. Its 1,689 restaurants in 2022 to prepare for growth in 2023 as of January 2022, Applebee 's closures. 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