The Playboy Mansion has a buyer! The new owner is Daren Metropoulos, of Metropoulos & Co., the private equity firm that famously help rescue Twinkies snack cakes from extinction when it bought Hostess out of bankruptcy.
Metropoulos is in contract to purchase the notorious house. Playboy’s founder, Hugh Hefner, will stay in the house for the rest of his life per terms of the sale.
The mansion has seven bedrooms, eight bathrooms, a wine cellar, home theater, gym, tennis court and swimming pool partially covered by a man-made cave, or grotto. The home has held many notorious parties.
The estate is listed for $200 million, though it’s not yet clear if Metropoulos will pay that amount. The offer was reported earlier Monday by the Wall Street Journal.
Metropoulos already owns the property adjacent to the Playboy Mansion, which he purchased from Playboy Enterprises in 2009.
This is one of the many changes Playboy Enterprises has made. After listing the property, the company announced it was considering offers to buy up the whole company. I guess no one in the family wants to run Playboy or Hef thinks no one else can.
A sale that included Playboy’s web site, mansion, licensing deals and its cornerstone product, Playboy Magazine, could have been worth more $500 million.