Faith boasts a remarkable 9-meter by 4-meter swimming pool and is powered by two MTU 16v 4000 engines, enabling her to reach a top speed of 17 knots and a cruising speed of 12 knots. The yacht’s naval architecture was designed by De Voogt Naval Architects. In July 2017, F1 driver Lance Stroll, the owner’s son, was photographed vacationing on board Faith with English TV and fashion star Kimberly Garner.

Initially owned by Lawrence Stroll, Faith was later sold to Iranian-Canadian businessman Michael Latifi, the owner of Sofina Foods Inc, a Canadian food production company. The Faith yacht is valued at $200 million, with annual running costs estimated at around $20 million. Yacht prices can vary significantly based on factors such as size, age, luxury level, materials, and technology used in construction.

Feadship, a prestigious Dutch yacht-building company founded in 1949, specializes in custom-made luxury motor yachts ranging in size from 40 meters to over 100 meters in length. Feadship yachts are sought after by wealthy individuals and celebrities worldwide, thanks to their exceptional craftsmanship, innovative design, and advanced technology. Feadship is a collaboration between yacht builders De Vries and Van Lent. Notable projects include Anna, SYMPHONY, and Faith.

The owner’s previous motor yacht was built as Cakewalk for Charles Gallagher. Gallagher sold her to Frank Fertitta, who named her Fortunato. Frank Fertitta sold her to fashion entrepreneur Stroll, who sold her to Tommy Hilfiger. The yacht is now named Flag and bears Tommy Hilfiger's logo. Flag was launched in 2000 by Royal Van Lent, built from steel with an aluminum superstructure. In 2012, after the purchase by Mr. Stroll, Faith was refitted with a new interior designed by Chahan of Paris, winning the Best Refit Award 2013 in the eighth edition of the World Superyacht Awards. In August 2020, Faith was sold to Michael Latifi.