Why Matthew Perry Sold His Addiction Recovery Facility
The sober actor recently sold the Malibu rehab site for $10.65 million and hopes to relocate to a cheaper location in Santa Monica or Studio City: "I'm keeping the business going because I like it; it's a good way to help alcoholics."
A version of this story first appeared in the Sept. 4 issue of The Hollywood Reporter magazine. To receive the magazine, click here to subscribe.
Matthew Perry is still committed to providing services for recovering addicts — just not in Malibu, where he operated a sober-living facility from a 5,500-square-foot beach compound known as The Perry House. The Odd Couple star sold the property overlooking the Malibu pier in February for $10.65 million.
"That was a Malibu beach house, and it was too expensive to run and the business didn't really work," says Perry, who runs the facility with addiction specialist Earl Hightower. (Malibu rehab centers like Promises can run up to $80,000 per month.) "So we're looking at smaller places in Santa Monica and Studio City. I'm keeping the business going because I like it; it's a good way to help alcoholics."
It's that mission of helping alcoholics that was the focus of Perry's recent interview with THR inside The Phoenix House, a residential treatment facility in Venice.
"I've had a lot of ups and downs in my life and a lot of wonderful accolades," Perry says, "but the best thing about me is that if an alcoholic comes up to me and says, 'Will you help me stop drinking?' I will say, 'Yes. I know how to do that.'"