Jim Toth and Reese Witherspoon are opening a hotel! Credit: Christopher Polk/Getty Images

Vacancy! Reese Witherspoon and her agent husband Jim Toth are planning on opening a boutique hotel in Nashville, a source reveals exclusively to Us Weekly.

“They’ve gone down a few times to look at properties,” the insider tells Us of the power couple, who already own a $2 million home in the area.

But don’t book your travel just yet.

According to the source, the husband and wife duo, who are parents to 2-year-old son Tennessee, are still figuring things out.

“They’ve met with an architect and decorator, but they haven’t officially signed everything yet,” the source explains.

The Wild actress hinted at a new project herself on Instagram on Tuesday, March 10. “#SecretProject....coming soon…” Witherspoon captioned an Instagram of her in front of an unidentified location.

#SecretProject....coming soon....

A photo posted by Reese Witherspoon (@reesewitherspoon) on Mar 10, 2015 at 11:08am PDT