Ritz-Carlton’s first-ever yacht is reportedly delayed and millions over budget. Here’s a closer look at the planned design.

The Ritz-Carlton Hotel’s launch of its debut cruise ship has been delayed by four months, reported Jessica Montevago for Travel Market Report. A spokesperson for the Ritz-Carlton Yacht Collection told Business Insider “the yacht’s first voyage will now take place on June 14, 2020.”

The spokesperson didn’t comment on reports that the project is over budget by roughly $55 million, as reported by Montevago.

In 2017, the brand revealed plans for its luxury cruise line, with three cruise ships set to begin sailing in early 2020. In 2018, reservations were finally opened for its inaugural 2020 season, now pushed to mid-year.

Somewhere between a private superyacht and a small ocean liner, the Ritz-Carlton cruise ships will accommodate the “the 1% of global travelers,” according to Bloomberg. Starting prices for voyages can range anywhere from $3,100 to $10,100, depending on length of trip and location.

The new Ritz-Carlton Yacht Collection is designed to defy all cruise ship stereotypes, with larger rooms, relaxing common spaces, and an on-board spa. The cruise ships boast 149 suites – each with their own private terrace – accommodating up to 298 guests. There will also be high-end dining options, including a restaurant from Sven Elverfeld of Aqua – the three Michelin-starred restaurant at The Ritz-Carlton, Wolfsburg.

“This unique combination of yachting and cruising will usher in a new way of luxury travel for guests seeking to discover the world,” said Herve Humler, President and Chief Operating Officer of The Ritz-Carlton Hotel Company in a press release.

“From the yacht’s design, to programming onboard and ashore, every aspect of the voyage has been carefully created to embody the signature service and casual luxury of a Ritz-Carlton resort,” said Lisa Holladay, Global Brand Leader for The Ritz-Carlton, in a news release.

Here’s a look at one of the designs for the anticipated Ritz-Carlton cruise ship, created by the firm Tillberg Design of Sweden.

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