The $1 billion superyacht: Bigger, longer, but is it better?

    Sheena McKenzie, for CNN

    Updated 1120 GMT (1920 HKT) February 12, 2015

    Introducing "Triple Deuce," set to be the biggest superyacht in the world at a whopping 222 meters long.
    Photos: Triple Deuce: The world's largest superyacht?
    Introducing "Triple Deuce," set to be the biggest superyacht in the world at a whopping 222 meters long.
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    The mammoth vessel is set to be completed by spring 2018, dwarfing even some cruise liners.
    Photos: Triple Deuce: The world's largest superyacht?
    The mammoth vessel is set to be completed by spring 2018, dwarfing even some cruise liners.
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    The record-breaking vessel will be over 40 meters longer than the world's current biggest superyacht, "Azzam" (pictured), believed to be owned by the President of the United Arab Emirates, Sheikh Khalifa bin Zayed Al Nahyan.
    Photos: Triple Deuce: The world's largest superyacht?
    Azzam: 180 meters – The record-breaking vessel will be over 40 meters longer than the world's current biggest superyacht, "Azzam" (pictured), believed to be owned by the President of the United Arab Emirates, Sheikh Khalifa bin Zayed Al Nahyan.
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    It will also trump Russian businessman Roman Abramovich's "Eclipse" (pictured) by 58.5 meters.
    Photos: Triple Deuce: The world's largest superyacht?
    Eclipse: 163.5 meters – It will also trump Russian businessman Roman Abramovich's "Eclipse" (pictured) by 58.5 meters.
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    "Our client was concerned that if we built the yacht to 200 meters, then someone would come along like Roman Abramovich when he built "Eclipse" at 163.5 meters, and outdid Sheikh Maktoum's yacht, the 162 meter "Dubai," by only 1.5 meters," explained broker Craig Timm.
    Photos: Triple Deuce: The world's largest superyacht?
    Dubai: 162 meters – "Our client was concerned that if we built the yacht to 200 meters, then someone would come along like Roman Abramovich when he built "Eclipse" at 163.5 meters, and outdid Sheikh Maktoum's yacht, the 162 meter "Dubai," by only 1.5 meters," explained broker Craig Timm.
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    Should "Triple Deuce" be built, Microsoft co-founder Paul Allen's yacht "Octopus" (pictured) would be bumped to fifth place on the list of world's biggest private yachts.
    Photos: Triple Deuce: The world's largest superyacht?
    Octopus: 126 meters – Should "Triple Deuce" be built, Microsoft co-founder Paul Allen's yacht "Octopus" (pictured) would be bumped to fifth place on the list of world's biggest private yachts.
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    Can't afford a superyacht of your own? You could always stay at <a href="http://edition.cnn.com/2014/08/11/sport/inside-londons-67m-superyacht-hotel/">London's Sunborn Superyacht Hotel. </a>Opened last year, it features 136 rooms costing between $300 and $1,600 per night.
    Photos: Triple Deuce: The world's largest superyacht?
    Can't afford a superyacht of your own? You could always stay at London's Sunborn Superyacht Hotel. Opened last year, it features 136 rooms costing between $300 and $1,600 per night.
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    Triple deucetriple deuce superyacht comparisonAzzam super yachtsuperyacht eclipsedubai yacht Sheikh Mohammed bin Rashid Al MaktoumPaul Allen yacht Octopussuperyacht hotel london exterior

    Story highlights

    • Introducing "Triple Deuce," the world's largest superyacht at 728 feet (222 meters) long
    • Will also be most expensive private yacht on the planet with $1 billion price tag
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    (CNN)There's big. And then there's bigger.

    Introducing Triple Deuce, set to be the world's biggest superyacht at a whopping 222 meters (728 feet) long.
      At $1 billion, it will also be the most expensive private yacht ever built, costing more than the annual GDP of Western Sahara, the British Virgin Islands, and Micronesia.
        The identity of Triple Deuce's owner remains secret. Nonetheless, building a yacht of this size is all about "boasting rights," said Craig Timm of 4Yacht, broker of the record-breaking project.
        "It's just like the competition to build the world's tallest building," he said of the commission, due to be completed in spring 2018.
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        "Project Deuce will cost $1.1 billion to $1.2 billion," added Timm. "And don't forget to add in annual operating costs -- on a yacht of this size, it will run the owner up an additional $20 to $30 million per year."
        The boat will be more than 131 feet (40 meters) longer than the world's current biggest superyacht, "Azzam," believed to be owned by the President of the United Arab Emirates, Sheikh Khalifa bin Zayed Al Nahyan. It will also trump Russian businessman Roman Abramovich's "Eclipse" by 192 feet (58.5 meters).