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The ‘ACE’ in Puerto Banús
A floating palace in Puerto Banús

A floating palace in Puerto Banús

The ‘ACE’, which belongs to Armenian multimillionaire Samvel Karapetyan, is worth over 100 million euros

Héctor Barbotta

Friday, 13 October 2017, 10:48

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Measuring 87 metres in length, with a support vessel which carries a helicopter, room for just 12 passengers and a spa in the interior which those who have had the chance to enjoy it say it is the best they have ever seen, the ACE is definitely one of the most luxurious yachts in the world. Owned by Armenian magnate Samvel Karapetyan, it was launched in 2012 and is valued at more than 100 million euros.

The ACE arrived in Puerto Banús from Gibraltar earlier this week. There is speculation that one of Karapetyans children, Karen, who got married in London on 18 September, could be using it for a honeymoon.

Although the yacht has only six suites and can therefore only carry 12 passengers, it needs a permanent crew of 28.

To say it is fully equipped is an understatement: there is a spa with a hamman, a Russian banyan room (this is the Russian version of a Finnish bath), massage room, swimming pool and a jacuzzi decorated with Roman motifs. Gold is everywhere. According to specialist magazines, the spa on the ACE is the most luxurious to be found on any yacht in the world.

This floating palace also has a beach club, gymnasium, discotheque, cinema and heliport. As if all these facilities were not enough, the ACE also travels with a support craft, the Garçon 4 Ace, a gigantic 67 metres long and also equipped with a heliport so that passengers can be transported by helicopter between the yacht and different airports around the world.

The ACE was built by the German Lurssen shipyard, and although the owner is Armenian with economic interests in Russia, the yacht is registered in the Cayman Islands, which are administered by the UK and considered a tax haven.

The owner, who has been involved in the property business in Russia since the 1990s, which is how he made his fortune, is the brother of Karen Karapetyan, the prime minister of Armenia.

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