Gratification still delayed

Around the first of the year, the deal was offered: you can have the Playboy Mansion for a mere $200 million, provided you put up with the presence of Hugh Hefner for the remainder of his pajama-clad days.

This being August already, you might have guessed that the price had sagged a bit, and you would be correct:

The deal is done, and the Playboy Mansion has a new owner. Daren Metropoulos, who lives next door, said Tuesday that escrow has closed on his $100 million purchase of Hugh Hefner’s man cave.

The 33-year-old principal in the investment firm Metropoulos & Co. won’t necessarily be moving in any time soon. Under the terms of the deal, Playboy’s 90-year-old founder may stay there for the rest of his life.

After Hefner leaves, Metropoulos plans to connect the 5-acre Playboy estate to his 2-acre digs next door.

Which makes sense, since apparently it was all one big estate to begin with. And one probably shouldn’t bet againt Metropoulos, who wheels and deals with the best: he bought Pabst Brewing in 2010 for $250 million and sold it four years later for around $700 million, and he is one of the principals in Hostess Brands, the Twinkie folks, who just did an IPO last month.

Tweet





3 comments »

  1. fillyjonk »

    17 August 2016 · 2:01 pm

    Given how 2016 has been so far, I am guessing Hef is one of the celebrities it’s going to let live.

    I said the other day – after hearing of John McLoughlin’s death, “At the end of 2016, I bet the only well-known people we will have left is Carrot Top and a couple of the Kardashians.”

  2. Brett »

    17 August 2016 · 3:56 pm

    I’m buying stock in Lysol.

  3. In The Mailbox: 08.18.16 : The Other McCain »

    18 August 2016 · 8:07 pm

    […] Dustbury: Gratification Still Delayed […]

RSS feed for comments on this post · TrackBack URI

Leave a comment