The Wall Street Journal today is reporting (link not yet available online) that the buyer of the former Georgia Frontiere mansion in Los Angeles' Bel-Air area was Hilton Hotels Chief Executive Christopher Nassetta, and that the executive paid "about $27.5 million" for the mansion.
We exclusively wrote on October 9 about the massive mansion at 10410 Bellagio Road being on the market for $29,975,000. Then, on December 30, the Los Angeles Times' Ruth Ryon broke the story that the mansion had sold for an undisclosed price (she called the sale price "close to $30 million," but she of course only was basing that on the fact that that was the listing price; as we have reported many times before, Ryon's ability to report exact sale prices is not exactly stellar). Our own post following up on Ryon's scoop noted that records show that on November 13, a New York company called Bellagio Road California LLC purchased the mansion, and that public records showed only that that company was connected to New York City-based Blackstone Real Estate Advisors. Given that Blackstone in October hired Nassetta to run Los Angeles-based Hilton, it very much makes sense that he was the buyer.
We can't confirm the Journal's report of the $27.5 million purchase price of the mansion, since public records haven't cleared for it yet. When those records become available in the next few weeks, we'll of course report the recorded purchase price here. Stay tuned.