Chip and Joanna get into the hotel business

"Fixer Upper" stars Chip and Joanna Gaines.

Chip and Joanna are at it again and Waco looks to benefit.

Chip and Joanna Gaines, who became wildly popular with their home improvement show and helped fuel the Waco – and Texas – tourist industry in the process – have announced a plan to bring a new hotel to downtown Waco.

“This fall, we’ll begin renovations on a historic building in downtown Waco, just a few blocks from Magnolia Market at the Silos,” Joanna Gaines said in a blog post on their site.

The hotel is unnamed, but the duo plan to refurbish the historic Grand Karem Shrine Building at 701 Washington Ave. in Waco.

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“We’re honored to work alongside Ben Weprin and his team at Adventurous Journeys (AJ Capital) to bring this place to life. They’re the group behind some of the most iconic and creative hotels in the country, including Soho House Chicago, the Graduate Hotels, Chicago Athletic Association, and the Pontchartrain Hotel to name a few,” she said in the post.

The hotel is slated for a 2021 opening.