DIDDY BUYS A $33 MILLION YACHT: Boat was three-years in the making; includes party floor, bar, stage and projector screen.

*Britain's Daily Mirror is reporting that Sean "Diddy" Combs recently purchased a new 54-foot motor yacht for $33 million.

Dubbed "The Maraya," the craft was reportedly built over the course of three years and includes a top-deck party floor complete with bar, stage and projector screen.

During one gathering, guests were asked to remove their stilettos to protect the thick, cream-colored carpets. The living area features creamy leather sofas accented with pillows. Giant jars of dried apricots adorn the mantelpieces and books about Africa are displayed on tables.

According to the newspaper, each deck comes with a private quarter behind sliding doors. Electric blue lights beam, greeting those guests invited inside. In one secluded space, Diddy's emperor size bed is decorated with monogrammed pillows.

Also, a 10-member staff is on hand to maintain the ship, with duties that include baking chocolate chip cookies, according to a Daily Mirror spy.