Peter Morton pays $9.8M for Elvis Presley’s former Beverly Hills abode

In the autumn of 2012, the former luxury home of rock-and-roll legend Elvis Presley, situated in the star-studded Trousdale Estates neighborhood, was listed for an asking price of $12.9 million and in December 2012 it was scooped up for $9.8 million by (co-)founder of the Hard Rock Café global chain of dining restaurants, Peter Morton. Elvis and Priscilla had bought the property in 1967 and sold it six years later, when they got divorced. Reportedly, the house was leased out for $25,000 per month until recently.

Peter Morton_house2

Read more