Sergei Kostenko, the chief executive of the company, said "Our planned module inside will not remind you of the ISS. A hotel should be comfortable inside, and it will be possible to look at the Earth through large portholes." Currently space toursts must share cramped accommodations with astronauts at the International Space Station.
The first module will measure just 20 cubic meters (706 cubic feet) and have four cabins, designed for up to seven passengers, who would go into orbit using the Soyuz shuttle, Kostenko went on to say.
The space hotel will be aimed at wealthy individuals and people working for private companies who want to do research in space. The space tourism program was halted earlier this year as the crew numbers on the ISS increased, leaving no room for extra passengers.
The project is already in the design stage and will built by Russian spacecraft manufacturer Energia.