Plans are afoot by Russian firm, Orbital technologies, to have the much-awaited world's first ever space hotel ready by 2016.
According to the plan, the hotel will be placed in orbit at 350 kilometers above the earth. It will be designed to accommodate seven people at a time.
Some of the unique 'once in a lifetime' experience for the guests will include view of the earth from the hotel window.
The food will be different and guests will have to make do with pre-cooked and frozen food. Guests can also watch TV or surf the net while floating above the earth.