Playboy Mansion Sold to Hostess Brands Heir

Playboy Mansion Sold to Hostess Brands Heir

Playboy Mansion Sold to Hostess Brands Heir

The Los Angeles (Holmby Hills) Playboy Mansion has been sold to a member of the family that owns Hostess Brands, it was reported today.

Hugh Hefner, 90 anni, Playboy’s founder, will be permitted to continue living at the Holmby Hills estate for the rest of his life, according to the report.

The purchaser is Daren Metropoulos, 32 anni, who lives on the property next door to Hugh Hefner, which he bought from him in Y 2009 for $18-M. Metropoulos reportedly plans to merge the 2 properties once Hefner’s tenancy ends.

“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.

Playboy Enterprises acquired the property in Y 1971. The 20,000 sqf mansion, built in Y 1927, became famous in the 1970’s and ’80’s for its many parties featuring celebrities mingling with scantily clad models.

The rumored purchase price of $100-M+ could not be confirmed. The mansion had been listed for $200-M.

Hostess Brands, LLC is a bakery company formed in June 2013. It owns several bakeries in the United States that produce snack cakes under the Hostess and Dolly Madison brand names. It is headquartered in Kansas City, Missouri and is owned by HB Holdings, LLC, which is owned by Apollo Global Management and C. Dean Metropoulos and Company.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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