Playboy Mansion, Hugh Hefner

Michael Tran/FilmMagic

Ever since the Playboy Mansion went on the market last month, there's been a ton of speculation over who might become the new owner.

The asking price for the exclusive Holmby Hills property is $200 million, and it comes with a major provision, that Playboy founder, Hugh Hefner, is allowed to live there for the rest of his life.

Now Miley Cyrus's favorite showman, theater owner, Jeff Beacher, is making an offer to buy the iconic property (which comes with its own zoo, no less!). Despite earlier reports claiming the Beachers Madhouse owner wants to turn Hef's pad into a nightclub, he says he actually has other plans for the 6-acre pad.

Playboy Mansion, Hugh Hefner

AP Photo/Kevork Djansezian

"I am opening up a boutique hotel chain and opening some hotels in some select cities around the world and so when the Playboy Mansion went up for sale, I thought it would be a great idea to make that our prime location," Beacher tells E! News. "It's a gorgeous space and if we can get the zoning for it [the house is located in a residential area], then it would be great. 

"They already have events, they have things going on there all the time, so we just need to dive into the legal of it. But it's an incredible location, you can turn the bedrooms into hotel rooms, make it a members-only club, have a couple of villas, it's almost like a Soho House meets a country club.

"Everyone is calling me thinking I am doing a nightclub, I am not, there wouldn't even be a party room there. It would be a very high end resort."

Playboy Mansion

Mike Guastella/

Beacher's offer is rumored to be around the 90 million dollars mark, so short of the asking price, but Beacher says he's in with a shot of turning his dream into a reality, " I haven't spoken to Hef but we did speak to Playboy and they are very interested in what we are trying to do. We have the funding."

There's no word yet on what the neighbors, including Beyoncé and Jay-Z, think about the plans for the house.

In addition to the Playboy Mansion, Beacher also has his sights set on reopening his infamous Hollywood nightclub.

"Beachers Madhouse at the Roosevelt Hotel is reopening at the end of March, which is really exciting," he says. "We have redone the whole room and we will have a different show every week, we'll have a really big grand opening on Hollywood boulevard and get some big performers."

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