McLennan County owned the 91-year-old Grand Karem Shrine building. Commissioners last year agreed to sell the property, which housed health service offices, to Magnolia Vacation Rentals for $930,000. The county sold a nearby parking garage for $500,000.
No name was announced for the hotel that's expected to open in 2021. Chip and Joanna Gaines in June announced a more than $10 million plan for a retail village at Magnolia Market at the Silos with more shops and other attractions.