Luxury superyacht costing €700,000 a week docks in Lanzarote

A luxury superyacht available to hire for an eye-watering €700,000 a week has arrived in Lanzarote, attracting attention as it sits in the port of Arrecife.

The impressive vessel, named Titania, measures 73 metres long and 13 metres wide and is currently moored near the Castillo de San José, home to the International Museum of Contemporary Art.

The superyacht belongs to British billionaire John Caudwell, the businessman and philanthropist best known for founding mobile phone retailer Phones 4u.

Caudwell sold the business in 2006 for approximately €1.8 billion and has since become involved in luxury property developments in London, alongside his extensive charitable work.

Luxury accommodation for just 12 guests

Built in 2006 by prestigious German shipbuilder Lürssen, Titania was originally launched under the name Apoise and is now considered one of the most exclusive superyachts available for private charter.

Despite its enormous size, the vessel accommodates just 12 guests across seven luxury cabins, including two master suites, a VIP cabin and four double cabins.

Its exterior was designed by renowned yacht designer Espen Øino, while its interiors have been refurbished by Zuretti Design.

Among its distinctive features is a sculpture on the bow inspired by The Fairy Queen, adding another unusual touch to the multi-million-euro vessel.

Although Caudwell uses the yacht privately, it is also available to charter, with weekly rental prices reaching €700,000, according to luxury yacht industry listings.

Why luxury superyachts stop in Lanzarote

The arrival of Titania highlights Lanzarote's growing importance as a stopover for some of the world's largest private yachts.

During autumn and winter, luxury vessels regularly pass through the Canary Islands after spending the summer cruising the Mediterranean.

Many stop in Lanzarote to refuel, take on supplies and prepare for the Atlantic crossing to the Caribbean, where the winter yachting season takes place.

Arrecife's port facilities, together with specialist services at Marina Lanzarote, make the island a convenient destination for these enormous vessels.

For now, Titania is providing an unusual sight for anyone passing through the harbour area, offering a glimpse of a level of luxury that comes with a weekly price tag most people could only dream of.