Tuesday, September 27, 2011

Ilitch Partner Spends Millions buying his way into Exclusive Club: Mays Craft Boat Owners

By R. J. King
...In recent years, Larry Mayea, his brother, Don Mayea, 52, and their father have built or refurbished mahogany touring and speedboats for Detroit developer and entrepreneur Mike Malik, Jim Walgreen (from the Walgreens drugstore chain), Dean Griffith of Griffith Laboratories, and many others. The company has more than 300 clients, many of whom are return customers. “We customize a lot of fiberglass boats because the owners want something different from everyone else,” Larry says.

Malik has proved to be a loyal customer. The casino investor commissioned the Lil’ Rascal, a 25-foot mahogany speedboat powered by a 377-horsepower MerCruiser engine, the 25-foot Obsession, and the 47-foot Temptation. The latter craft — believed to be the longest mahogany boat powered by diesel engines — is outfitted with numerous custom features, including ostrich and mustard leather seats, granite countertops, a hand-pounded sunken brass sink, mahogany liquor cabinets, and Burma teak flooring inlaid with black walnut. There’s also a power hatch that folds out into a table, mahogany drawers that can chill wine and food, a nuclear submarine-like shifter, and a stainless-steel figurine of a prone lady that pops up into a cleat (the ultimate front deck ornament).

“Mayea has always been considered one of the premier boat builders in the world, and it’s tough to get a boat from them because so much of their work is tied to restorations,” says Malik says. “The other nice thing is that the Mayea boats appreciate in value, and only a very exclusive club of people own one.” He recently commissioned a 37-foot mahogany craft and has plans to order a 60-foot boat in the future. He also owns the Sea Stag, a 38-foot mahogany craft whose previous owners included actors Fess Parker and James Dean... Read Complete Story

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Ilitch has backed loosing sports teams and pizza, but casinos in Detroit? Forbes.com 10.09.06 ● Marian Ilitch #1 on "25 Most Powerful People" to Watch 2006” global gaming business o1.oo.o5 ● My Kingdom for a Casino Forbes 05.08.06 ● Big Lagoon’s casino dream awakens north coast journal 07.28.05 ● Shinnecocks launch legal claim to Hamptons land newsday.com 06.16.05 ● Ilitch Plans to Expand Casino Empire RGTonline.com 07.05.05 ● Ilitch outbids partners MichiganDaily.com 04.14.05 ● Ilitch enmeshed in NY casino dispute detnews.com 03.20.05 ● Marian Ilitch, high roller freep.com 03.20.05 ● MGM Mirage to Decide on Offer for Casino in Detroit rgtonline.com 04.16.05 ● Secret deal for MotorCity alleged freep.com 02.15.05 ● Los Coyotes get new developer desertdispatch.com 02.08.05 Detroit casino figure to finance Barstow project LasVegasSun.com 07.07.03 ● Indian Band trying to put casino in Barstow signonSanDiego.com 06.04.03 Pizza matriarch takes on casino roles detnews.com 10.23.02 ● Vanderbilt gets short straw in negotiations for a casino Lansing Journal 10.06.02 ● Indians aim to drive family from tribe in vicious dispute san diego union tribune 04.09.00 ●Malik owns 2000 Michigan Quarter Horse of the Year Michigan.gov 01.01.00 ● Detroit Team to run Michigan’s newest Indian casino detnews.com 05.23.99 Tiger ties tangle Marian Ilitch detnews.com 04.29.99 ● Three investors must sell their Detroit casino interests gamblingmagazine.com 04.25.99 ● Partners’ cash revived election; They say money was crucial to Prop-E detnews.com 04.25.99 Investors have troubled histories las vegas review journal 04.27.99 ● Investor served probation for domestic assault on 12 year old boy detnews.com 04.25.99 Can a pair win a jackpot?: local men hope to... crainsdetroit.com 03.17.97

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