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APPLEBEE'S ANNOUNCES PURCHASE OF ALBUQUERQUE AND EL PASO RESTAURANTS

 OVERLAND PARK, Kan., Aug. 27 /PRNewswire/ -- Applebee's International, Inc., (NASDAQ: APPB) today announced the purchase from a franchisee of two Applebee's restaurants, one in Albuquerque, N.M. and one in El Paso, Texas, clearing the way for future development of company owned restaurants in those territories. The transaction was a cash purchase; other terms were not disclosed.
 Abe Gustin, Applebee's president and CEO said "Acquiring the Albuquerque and El Paso restaurants is a further step toward increasing the number of company-owned and operated restaurants in the Applebee's system. While this is a small acquisition, we believe these markets hold solid development potential for us and could ultimately support five to seven more restaurants."
 In a separate development, Applebee's reported that conditions have been met for the distribution of all assets held in escrow under the terms of the company's February 1993 acquisition of 14 Minnesota restaurants from a franchisee. The management agreement between the company and the franchisee has been terminated and the company has assumed full operation of the Minnesota restaurants.
 Applebee's International, Inc., headquartered in Overland Park, develops, franchises and operates a rapidly expanding national chain of 307 restaurants under the trademark Applebee's Neighborhood Grill and Bar.
 -0- 8/27/93
 /CONTACT: Jack Falker of Swenson/Falker Associates Inc., 612-371-0000; or George Shadid or Sue Carroll of Applebee's International, 913-967-4000/
 (APPB)


CO: Applebee's International, Inc. ST: Minnesota, Kansas IN: ENT SU: TNM

KH-AL -- MN009 -- 6628 08/27/93 12:54 EDT
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Publication:PR Newswire
Date:Aug 27, 1993
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