This floating entertainment hub could be biggest superyacht in the world

(CNN) — Just when you thought superyacht designs couldn't get any more extravagant, along comes one to blow the others clean out of the water.

The Valkyrie Project envisages a spectacular, sleek vessel loaded with super-cool luxurious entertainment features that -- with a length of 229 meters (751 feet) -- would be the world's largest superyacht.

And the best part? You won't need to be a billionaire to get on board.

Valkyrie is the work of Chulhun Park, chief designer at Latvia's Latitude Yachts.

"I was determined to design a visually unique yacht which would stand out from a fleet," Park tells CNN Travel.

The South Korean's concept includes an on-board casino, theater, art gallery and convention hall, which will all be open to the public.

"Most people consider superyachts to be exclusive properties of billionaires to display their wealth," he says. "However, such a hub would essentially be floating architecture utilized by the public."

If built, this whopping vessel would easily eclipse the 180 meter length of the world's current largest superyacht, Azzam -- believed to be owned by United Arab Emirates President Khalifa bin Zayed al-Nahyan.