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"People ask me how I do research for my science fiction. The answer is, I never do any research. I just enjoy reading the stuff, and some of it sticks in my mind and fits into the stories."
- Frederik Pohl

Orbital Retirement Hotel  
  A retirement home placed in low earth orbit.  

Suddenly, hitherto unheard-of sums of money became available for investment in civilian orbital stations. By the very end of the Second Millenium there were rudimentary retirement hotels a few hundred kilometers up...

There were those who worried that this was an imprudent investment of the limited wealth of the planet... It was foolhardy, they said, to permit an elite class to emigrate to space...

Hardly anyone anticipated the principal outcome, the transfer of a vivid planetary perspective to those who could do the most good. After some years, there were few nationalists left in Earth orbit.

Technovelgy from Contact, by Carl Sagan.
Published by Not known in 1985
Additional resources -

Compare to the New Moon Casino Satellite from One Against the Legion (1939) by Jack Williamson, the high orbit archipelago from Mona Lisa Overdrive (1988) by William Gibson, and the Freeside orbital resort from Neuromancer (1984) also by Gibson.

Thanks to Adi for suggesting this item.

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Additional resources:
  More Ideas and Technology from Contact
  More Ideas and Technology by Carl Sagan
  Tech news articles related to Contact
  Tech news articles related to works by Carl Sagan

Orbital Retirement Hotel-related news articles:
  - Galactic Suites - LEO at $4 Million Per 3 Day Stay
  - Bigelow Prepares Inflatable Lunar Hotel

Articles related to Space Tech
Will Space Stations Have Large Interior Spaces Again?
Reflect Orbital Offers 'Sunlight on Demand' And Light Pollution
Chrysalis Generation Ship to Alpha Centauri
The First Space Warship For Space Force

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