WACO, Texas — Chip and Joanna Gaines, the former stars of HGTV's "Fixer Upper," have announced a partnership that will bring a new hotel to Texas.

The hotel is set to be located in the historic Grand Karem Shrine building in downtown Waco, Texas. The hotel is slated to open in 2021.

There is not an official name yet.

The hotel is set to be just a few blocks from Magnolia Market at the Silos. The estimated 53,000-square-foot building will undergo extensive historic restoration that will convert the propert into a three-story building.

There will be a rooftop terrace, grand ballroom and a ground floor restaurant and cafe.

The hotel's design will evoke Joanna's classic designs and details.

“Home is a feeling, created by and for the people you love and share your life with; it’s a state of being known and loved just as you are,” Chip and Joanna said. “That is our dream for this hotel —that it would serve as an extension of the way we feel about our own home and all it represents to us, and that every guest who comes to stay would experience that same sense of belonging and community. We’re honored to work alongside Ben Weprin and his team at AJ Capital Partners to bring this place to life.”

Additional details about the project will be released in the coming months.

This story was originally published by Lisette Lopez on KXXV.