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Peter Morton $21M Hamptons Mansion Destroyed by Fierce Fire (video)

Peter Morton, who made a fortune developing the Hard Rock Hotel chain, lost his $21.8 million Hamptons beachfront home in a fire today (Mar. 18)

Peter Morton, who made a fortune developing the Hard Rock restaurant and hotel chain, lost his $21.8 million Hamptons beachfront home in a fire today (Mar. 18) No one was injured.

Peter Morton, developer of Hard Rock hotels and restaurants, lost his sprawling East Hampton mansion today (Mar. 18) in a raging fire that burned the beachfront property to the ground. No one was injured and the cause of the fire has yet to be determined.

The property has a star-crossed history. It was once at the center of protracted litigation over Morton’s purchase of the sprawling Hampton’s “castle” in 1998.

Morton, 67, was one of two buyers who became tangled in the nasty court fight. The other was New York City real estate mogul Sheldon Solow, who sued claiming he also had purchased the property.

Solow filed eight different lawsuits and charged a string of Suffolk County officials with corruption. But Morton ultimate won out, according to The New York Post.

The house is located on one of the most prestigious strips of sand in the world. Designer Calvin Klein reportedly owns the house next door. The 10,000 square foo mansion was valued at $21.5 the last time it was appraised in 2008.

The house has 10 bedrooms and a swimming pool.

At the time, Morton sold the house in a “Purchase/Resale Arm’s Length Residential Transaction” to a Limited Liability Corporation (LLC).

The blaze started sometime in the early afternoon, and fire fighters were on the scene for most of the day trying to quell the wind-whipped flames. By 5 pm. wrecking crews were able to move in and knock down the remains of the house, according to reports.

Apparently a construction crew was working on the house when the fire started, according to reports.

Morton is the son of Arnie Morton, founder of the Morton’s Steakhouse chain, with his first wife.

Peter Morton has been married twice and has three children.

His first wife, Paulene Stone, was the former wife of actor Laurence Harvey. They divorced in 1989. He was married again in 1990 to Tarlton Pauley. They divorced in 1997.

Check out the video below and be sure to follow IM on Twitter for the latest developments in the story.


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