Today's Evil Beet Gossip

Chip and Joanna Gaines announce their newest project

Everyone’s favorite reno team is at it again. Chip and Joanna Gaines seem to take on bigger and bigger projects every time I turn around.  This time it’s a hotel!

The made the announcement in a new video on their website today that they’ve partnered with AJ Capital on their first-ever hotel, which will be just a few blocks away from their Magnolia Market at the Silos.

Chip, 44, and Joanna, 41, excited shared the news with fans, and offered a sneak peak at what the space will look like.

“We are excited, we finally get to share some news with you,” Joanna says in the clip.

‘Y’all, we’re gonna have a hotel in downtown Waco, Texas,’ Chip says.  “We are ready to get started on this iconic building downtown a few blocks away from the Silos,” adds Joanna.

The couple is making over the historic Grand Karem Shrine, a three-story, 53,000-square-foot space built in 1928.  According to Architectural Digest, much of the structure remains unchanged, and it still features decorative symbols of Freemasons and Shriners.

You can see in the entryway that the Freemason mosaic is still intact.