The Maldives now has a $65,000 a night underwater hotel room

On a recent trip to the Maldives, my entire trip was planned around one single hotel amenity: an overwater bungalow with a built-in, two-story waterslide. (Never mind the bedroom's retractable roof and the floating catamaran nets by the private pool.)

Here more than anywhere else on Earth, it's extravagant design features-rather than a convenient location or knockout restaurants-that make a hotel.

After all, you're not in the Maldives to explore a new country. You're there to feel like the world's most glamorous castaway. Your hotel room is your destination; you'd better pick a good one.

Enter Conrad Maldives Rangali Island, which is shaking up the formula of Maldivian luxury with the region's first-ever underwater bungalow. (You read that right.)

When it opens late this year, the Muraka, which translates to "coral" in the local language, Dhiveli, will have cost $15 million to build-but the experience of sleeping 16.4 feet below sea level can be all yours for a cool A$65,000 per night, before taxes.

What you'll get

"The Muraka promises a unique experience that is not available anywhere else in the world," explains architect Ahmed Saleem. And while it's true that there aren't many beds suspended below sea level-encased in glassy tunnels and surrounded by tropical fish-Saleem was more concerned with creating a full experience than designing a single, iconic room.

That's why guests who book the villa get flown to their own private seaplane jetty and get picked up in a speedboat that's theirs to use for the rest of their stay. The suite itself is set apart from the Conrad's beach villas and over-water bungalows so that its residents don't have to see other humans-or set foot on dry land-during their entire vacation, if they don't want to.

Four dedicated butlers live in a nearby structure to facilitate round-the-clock service, and everything-from a chef to cook your meals to a set of jet skis and an on-call fitness trainer-is included in the (hefty) price tag. 

Under and over

The structure itself is made of steel, concrete, and acrylic, with one level above the water and another level below. It's more Trident castle than hotel suite, with enough nooks and crannies to sleep nine guests plus a gym, butler's quarters, and space for a private security detail.

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But not all the action happens under water. The top floor has two bedrooms, a bathroom with an ocean-view tub, a sunset-facing deck, and an infinity-edge pool. Guests can descend below sea level either through a spiral staircase or down an elevator.

There's nothing but a curved acrylic dome separates the king-sized bedroom and living area from the reef just beyond. The bathroom, with its see-through walls and ceiling, feels like a bona fide fishbowl. Privacy isn't an issue, unless the fish make you feel shy; the villa is far from the rest of the resort. The deep underwater darkness-or simply feeling lost at sea-might be more unsettling.

The bottom line

To Martin Rinck, who oversees Hilton's global luxury and lifestyle brands including Conrad, the debut of the underwater villa is a way to stay ahead of the industry. He says it's "a perfect example of the out-of-the-box thinking that meets guests demands before they even have them."

To Saleem, meanwhile, it's a way to "come up with a unique Maldivian image"-or to one-up the ubiquitous over-water bungalow with something even more envy-inducing.

Nowhere is it more important to drive these types of trends than in the Maldives, where about a dozen ultra-luxe hotels will open this year.

"The Maldives is indeed a competitive destination, but also a destination where guests expect the best," Rinck tells Bloomberg. It's also a destination for which travellers are willing to shell out for the best. $65,000 may sound like a lot to pay per night, but the region claims a handful of private island villas at comparable price points-and they're popular, too.

Plus, after 20 years in the Maldives, Rinck says it's important for Hilton to stay apace with its newer, shinier competitors. "We need to continue meeting the expectations of travellers looking for that 'go big or go home' experience," he said.

It may not have a water slide, but it'll probably do just fine.

Bloomberg