Gibraltar plans massive "yacht hotel"

07/29/2013 | CNN

Gibraltar will soon see a new floating "yacht hotel" in its harbor, a $200 million creation which will have 189 rooms and be the world's second floating super-yacht hotel, following one moored in Finland. The five-star Sunborn Yacht Hotel will be seven stories tall. "In Gibraltar there's a huge demand for hotels, but how do you do it in such a small jurisdiction?" Sunborn Gibraltar CEO Brian Stevendale says. "Unlike traditional building -- which involves trucks, cranes and a huge amount of disruption -- we have a ready-built product that can be delivered to these prime areas."

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