The new hotel will offer more comforts than the ISS, Kostenko 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," Kostenko said, calling it a "cosmic hotel". The space hotel will be aimed at wealthy individuals and people working for private companies who want to do research in space, Kostenko said.
The space tourism program was halted earlier this year as the crew numbers on the ISS increased, leaving no room for extra passengers. Kostenko said that the project has found Russian and American investors, and we are talking about hundreds of millions of dollars, without elaborating. "At the moment, the project is already at the design stage," he said.
The space hotel would be built by Russian spacecraft manufacturer Energia, the company's website said. It would follow the same orbit as the ISS.
Kostenko told that a number of agreements on partnership have already been signed with Energia and the Russian space agency.
The company's website cites the deputy head of Russian space agency Roskosmos, Vitaly Davydov, as saying that the suggested project is extremely interesting.