Private Equity Exec To Basically Become Hugh Hefner's Landlord

Daren Metropolous's purchase of the Playboy Mansion comes with one very randy condition.
Author:
Updated:
Original:
hugh hefner

Photo: Toglenn, via Wikimedia Commons

Disappointing news for anyone hoping to scrape together the cash to buy the Playboy Mansion: the house that centerfolds built has sold to private equity executive Daren Metropolous, who currently lives next door. According to Metropolous, his interest in the home totally has nothing to do with the hope that, upon moving in, aspiring bunnies will routinely knock on the door unaware that the magazine unloaded the place*, and everything to do with architectural "heritage."

Daren Metropoulos, a principal at private-equity firm Metropoulos & Co. who bought the adjacent property in 2009, is in contract to purchase the property. He said in a statement he is less interested in the fame the mansion earned over the last four decades as a playground for Playboy bunnies and more interested in preserving its architectural pedigree. The home’s architect is Arthur Rolland Kelly, who designed hundreds of homes in the Los Angeles area. “The heritage of this property transcends its celebrity, and to have the opportunity to serve as its steward would be a true privilege,” Mr. Metropoulos said. He declined to disclose the purchase price.

The purchase also comes with the privilege of asking Hugh Hefner to please, please ask his guests to keep it down, as some people have to get up for work in the morning.

The sale comes with one unusual condition: Mr. Hefner, 90 years old, will be able to remain in the home as long as he lives. After Mr. Hefner’s tenancy ends, Mr. Metropoulos intends to connect the two estates into a combined 7.3-acre compound, a representative for him said.

Playboy Mansion’s Neighbor to Buy the Property [WSJ]

*And that it's no longer featuring nudes, much to Cooper Hefner's chagrin.

Related

Getty Images

Private Equity Exec Officially Becomes Hugh Hefner's Landlord

Daren Metropolous just got the keys to the Playboy Mansion and its randiest tenant.

Playboy's Decision To Drop Nudes Keeping Hugh Hefner's Son Up At Night

Cooper Hefner is deeply concerned about the new direction the company is taking.

Who Wants To Buy The Playboy Mansion?

Now's your chance! Take the magazine, too!

blackstoneeverlasting

Plucky Private Equity Firm Sells Some Property For Pocket Change

Steve Schwarzman just moved a skyscraper for $640 million to get the week started off right.