Chip and Joanna Gaines are opening a hotel — here's everything we know

Former "Fixer Upper" stars Chip and Joanna Gaines have a lot going on between their market, restaurant, home goods, books, magazine, upcoming coffee shop and an entire TV network — not to mention raising five kids — but that doesn't mean the Magnolia duo can't make time for one more project.

And this one is a biggie.

As revealed on TODAY Thursday morning, the home improvement gurus plan to take their renovation skills to the next level by fixing up a home away from home that their fans will be able to stay in one day.

Chip and Joanna are going into the hotel biz!

"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," they explained in a press release. "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."

10 PHOTOS
10 facts you didn't know about 'Fixer Upper' stars Chip and Joanna Gaines
See Gallery
10 facts you didn't know about 'Fixer Upper' stars Chip and Joanna Gaines

They both attended Baylor University, but the two actually didn't meet in school! 

Jo's father owned tire shop and he saw a picture of her hanging behind the store counter. He convinced himself he was gonna marry Jo even before they had actually met.

(Photo: Getty)

Jo was a communications major at Baylor University and she had dreams of becoming a broadcast journalist. 

Before getting her big break on "Fixer Upper," she actually appeared in commercials for her father's tire shop. Chip eventually used the commercial in a pick-up line when they first met ... and the rest is history!

As for Chip, he had other aspirations, like being a baseball player or politician. 

If it ain't broke, don't fix it! Chip stays loyal to his favorite clothing brands. In fact, he's worn the same style of jeans and boots since they got married in 2003 -- Gap 1969 standard-fit jeans and Ariat boots.

His ladylove, on the other hand, prefers Citizen low-rise skinny jeans and Frye boots. 

As you can probably tell from all their renovations on "Fixer Upper," Jo loves to decorate with pretty blooms and greenery. Her favorite flower? Pink antique roses.
Chip and Jo's Pinterest-perfect farmhouse sits on 40 acres of land, which is just big enough for their 60 animals to roam around in.
Jo knew the value of hard work even when she was very young. Her first job? At an all-you-can-eat buffet. To this day, she says still appreciates buffet lines, but her husband has different thoughts on the matter.

The couple's first fixer-upper home? Their very own abode that they started working on soon after their honeymoon. The 1,700-square-foot Victorian home they currently live in is the ninth home they've lived in and renovated together.

The name "Magnolia," which they named all their businesses after (Magnolia Homes, Magnolia Market, Magnolia Farms) holds a special meaning. When they first started dating, Chip would bring blooms from Magnolia trees to Jo.

The Gaines family doesn't own a television! They go over to a friend's house every week to watch their own "Fixer Upper" episodes or in their hotel room during trips.

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

The couple will make their dream come true by converting a 53,000 square-foot former county office building — located just blocks from their Magnolia Market in downtown Waco, Texas — into a three-story lodging that will feature a grand ballroom, a full restaurant, a rooftop terrace and a café. And, of course, it will also feature the style that fans of the HGTV stars have come to expect.

Or, as the press release put it, "The hotel's design will evoke Joanna's affinity for timeless, classic details, while also preserving the building's rich history and highlighting its distinctive architectural features."

Magnolia will team up with the private real estate company Adventurous Journeys Capital Partners to make their as-yet-unnamed hotel a reality.

There's just one thing fans should know before planning their very own Waco vacation around the venue — it's not slated to open until 2021.

9 PHOTOS
Celebrities who are the ultimate 'Fixer Upper' fans
See Gallery
Celebrities who are the ultimate 'Fixer Upper' fans

As if we needed a reason to love Ryan Reynolds and Blake Lively more?! The power couple love the HGTV series so much that they've actually developed a friendship with Chip and Jo. 

"Ryan and I have actually become friendly with Chip and Joanna, and they are just amazing," Blake told People.

How friendly? Blake and Jo apparently email each other all the time. How can we get in on this email chain?!

(Photo by Karwai Tang/WireImage)

Even Taylor Swift can't resist Chip and Jo's charm!

The "Blank Space" singer loves her some "Fixer Upper" and so that means y'all are basically BFFs. 

(Photo by Erika Goldring/FilmMagic)

Cute! Comedian Leslie Jones gushed about "Fixer Upper" in a sweet Twitter message. She even gave a shoutout to Chip's corny jokes. We're thinking Chip is somewhere giving himself a fist pump for this one:

"Fixer upper I love to watch them rebuild stuff love home improvement shows. Chip always makes me smile"

(Photo by Volkan Furuncu/Anadolu Agency/Getty Images)

When Cher tweets about your show, you know you've made it!

The legendary songstress tweeted about the sweet memories the show brought back from a house in the past. Of course, Chip and Jo replied back that they were "honored."

(REUTERS/Andrew Kelly)

Scott Foley's weakness is obviously home renovation shows.

The "Scandal" star loves watching the HGTV series with his family every week, and he even posted this adorable photo while watching.

(Photo by Jason LaVeris/FilmMagic)

Figure skater turned TV personality Johnny Weir would surely give "Fixer Upper" a 10!

Weir gave a shoutout to the couple with some exquisite language: "I watch a lot of @hgtv when I can and I think @TheMagnoliaMom and @chippergaines are so exquisite. Go Texas!"

REUTERS/Kena Betancur 

Musician Ryan Adams is the ultimate rocker, but did you know he also has a love for interior design?

Mandy Moore's ex-husband made the admission via Twitter: "I <3 #FixerUpper, that show is my shit. So sweet." 

Aww! How cute!

(Photo by Jeff Vespa/WireImage)

Double date?

Screenwriter Kurt Sutter and actress Katey Sagal aren't shy about professing their love for the HGTV show:

"@TheMagnoliaMom @chippergaines our favorite new show #FixerUpper @hgtv. You two are f*cking awesome. We wanna hang with you. @KateySagal."

(Photo by Barry King/Getty Images)

Kearran Giovanni may star in popular TV show "Major Crimes," but there's only one show she's interested in -- and it's not hers!

She once tweeted: "Can't stop watching #fixerupper who wants to buy a house next door? @themagnoliamom @HGTV."

(Photo by Lucianna Faraone Coccia/Getty Images)

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

Read Full Story

Sign up for the Best Bites by AOL newsletter to get the most delicious recipes and hottest food trends delivered straight to your inbox every day.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.