BEVERLY HILLS, CA (CBS SF/AP) – The deal is done, and the Playboy Mansion has a new owner.
Daren Metropoulos, former owner of Pabst Brewing Company, who lives next door to Hefner said on Tuesday that escrow closed on his $100 million purchase of Hugh Hefner’s “man cave.” But the 33-year-old principal in investment firm Metropoulos & Co. won’t necessarily be moving in any time soon.READ MORE: Video: Motorist Rescued From Fiery Freeway Crash In San Jose
Under 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. The homes, built in the 1920s, were originally one estate.
Hefner bought the Playboy Mansion for $1.05 million in 1971, quickly turning it into a sexual playground. In its heyday, it was the scene of countless celebrity-filled parties and innumerable tales of sexual shenanigans.READ MORE: Mothers Tearfully Remember Children Slain In Bay Area Homicides
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