Keiffer, was soon offered as a rental, at $55,000 per month, while Hilton and his team laid the groundwork, worked on the design, secured the necessary permits, and, per tax records, took out a $26 million loan to finance the construction of a new residence. Tax records show the property was purchased by a corporate concern linked to Hilton in July 2016 for $9,262,500, well below the $11.5 million asking price, from apparel mogul Treivush Menachem. The house that then stood on the not-quite-two-third-acre parcel, a five-bedroom traditional designed by architect Ray J. His most recent project, a gleaming, brand-new spec-built mansion that merges classic architecture with modern-day styling and state-of-the-art technologies in a particularly plum pocket of L.A.’s ultra-tony Bel Air neighborhood, has just hit the market at $55 million. While Hilton has negotiated for untold numbers of deep-pocketed buyers and sellers - he represented both buyer and seller in the landmark $85 million sale of the Spelling estate in Holmby Hills to Formula One racing heiress Petra Ecclestone, who has since sold the house for $120 million - he’s also developed some choice tracts of land around town, including the guard-gated Brentwood Country Estates enclave where some of the homeowners include Arnold Schwarzenegger and sitcom producer Kevin Bright.
Due to the personal success of silver-spooned hotel heir turned real estate tycoon Rick Hilton, chairman and co-founder of the Platinum Triangle’s powerhouse brokerage Hilton & Hyland, the Hilton name is as synonymous, if not more, in the finer zip codes across Los Angeles with high-end real estate than it is for the international hotel chain that bears the family name.