A private space tourism company, Galactic Suite Limited, has announced that they will be opening the first space hotel in 2012

The company is offering a three-night stay for 3 million euros ($4.4 million).

The zero-g resort will orbit the Earth at 30,000 mph, completely circling the planet once every 80 minutes, while offering visitors 15 sunrises per day.

Galactic Suite plans to transport its travelers to space via Russian rockets from a spaceport to be built on a Caribbean island.

The trip to the hotel will take one day and a half and guests will undergo an eight-week training course in the Caribbean prior to launch.

Currently, the GS Project is still in design phase. The project consists of the spaceport, the ship, and the orbiting space resort.

The hotel is expected to be constructed of connecting pods around a central hub. Each pod will be able to hold four guests and two astronaut-pilots.

Galactic Suite CEO Xavier Claramunt, says “an anonymous billionaire space enthusiast” has granted $3 billion to finance the project.

Galactic Suites claim that more than 200 people have already inquired about staying at the hotel, with 43 of them actually putting in their reservations.