Hasbro’s Hassenfeld Selling $8.5 Million RI Compound

Hasbro’s Hassenfeld Selling $8.5 Million RI Compound

Alan Hassenfeld, the former Hasbro CEO and present board member of the company, has placed his family’s four-home compound in the Highlands section of Bristol on the market.

The asking price: $8,500,000

READ ABOUT THE LISTING WITH LILA DELMAN HERE

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Now, a Florida resident, Hassenfeld recently emerged himself in the battle between IGT and Twin River and recently claimed, “I have no skin in the game with IGT or Twin River.’’ 

But, Hassenfeld’s Hasbro has a lot of skin in the game.

Twin River is trying to unseat IGT and become the state’s lone lottery provider. Just one problem, Twin River is a casino company, not a technology company and so it has teamed with Scientific Games Corporation, which would provide the technology infrastructure.

Hassenfeld has failed to disclose Hasbro’s longstanding agreements with Scientific Games — a multi-million contract that goes back to a 1998 contract.

Hassenfeld is the largest individual shareholder and third-largest overall behind two major institutional investors, Capital Research & Management Co. and Vanguard Group, in Hasbro. 

Hassenfeld owns 7,881,840 shares and with Hasbro trading at $116 a share as of close on Tuesday, Hassenfeld’s stock is valued at more than $914 million, according to MarketScreener. 

 

‘SHANGRI-LA’

“‘SHANGRI-LA’ Compound of 4 houses on 600 feet of Shoreline in Bristol Highlands. This stylish and carefully curated collection of four residences includes two guest houses, a main house, staff quarters, two greenhouses, a tea house and garages. A private sandy beach, heated infinity pool, koi pond and abundant outdoor living space expertly placed among the residences are designed to capture the dynamic west facing views of Narragansett Bay,” writes Lila Delman real estate.

The four structures were built between 1973 and 2016, according to Bristol tax records.

"Not selling the whole property, only part," said Hassenfeld, in response to a GoLocal inquiry about the four properties listed at $8.5 million.

Hassenfeld added he was overseas on business.

Today, Hassenfeld lives at the exclusive Fisher Island development in Miami beach -- which Business Insider dubbed "The Most Expensive Zip Code in Florida."

“Billionaire Alan Hassenfeld, former CEO of the toy company, paid $8.2 million for a unit at Palazzo del Sol, according to a spokesperson. And it looks like Hassenfeld and his wife’s new condo has plenty of space for toys: the three-bedroom, three-and-a-half bathroom, 3,793-square-foot unit 7052 features marble, specialty wallpaper and teak walls. It was designed by Antrobus + Ramirez,” reported the real estate website, The Real Deal.

Hassenfeld was a donor to the Political Action Committee "It’s Time Providence" that targeted Providence Mayor Jorge Elorza. He donated $35,000 to the PAC.

EDITOR'S NOTE: The compound is in the Highlands section.