On Tuesday the escrow officially closed on the Playboy Mansion, to Hugh Hefner’s neighbor Daren Metropoulos. Earlier in the month Daren had offered $110 million for the place, but reports say that it ultimately went for $100 million with a bit of a compromise.
Hugh Hefner will continue to have access to the mansion for the rest of his life, but Daren will be the landlord and therefore get to have approval on any future parties that are held there. So far Daren has already approved of the annual Midsummer Night’s Dream party, as well as the Halloween party.
Ultimately Daren’s plan for the property is to connect it to the property that he owns now, and to restore the homes to their original state. Daren is an heir to Pabst Blue Ribbon and is currently principal at private-equity firm Metropoulos & Co. and a current co-owner of Hostess Brands. He has lived next door to Hugh since 2009.
The 33-year-old released a statement about his plans.
“I look forward to eventually rejoining the two estates and enjoying this beautiful property as my private residence for years to come.”
When Playboy Enterprises originally bought the mansion, it went for $1.05 million back in 1971.
More in News
Sophie Turner Quitting Acting
The Game of Thrones actress has been done filming Season 8 since last summer, and apparently she’s been on a hiatus...April 17, 2019
Hoda Kotb Adopts Her Second Child
Following Tuesday morning’s episode of Today, the co-anchor announced via phone that she has adopted a second child, a daughter named...April 16, 2019
Wendy Williams Files for Divorce
Yesterday, it was confirmed that the daytime talk show host has officially filed for divorce from her husband of over two...April 12, 2019
Nipsey Hussle Memorial Service Draws Thousands
The late rapper’s ‘Celebration of Life’ is taking place at the Staples Center today, and TMZ is live streaming what’s expected...April 11, 2019
Charles Van Doren Dead at 93
Charles Van Doren, one of the most infamous TV game show contestants of all time, has passed away. According to...April 10, 2019
Kim Kardashian Taking Bar Exam in 2022
The reality star has plans to follow in her father Robert Kardashian’s footsteps by becoming an attorney, and she’s aiming to...April 10, 2019