Reese Witherspoon reportedly planning to open a hotel

A source told Us Weekly magazine: "They've gone down a few times to look at properties."

The insider added: "They've met with an architect and decorator, but they haven't officially signed everything yet."

The 38-year-old actress is yet to announce her plans to invest in a hotel, but teased fans earlier this week on Twitter when she hinted that she has a "secret project" lined up.

She tweeted on Tuesday (10.03.15) alongside a photograph of herself holding her index finger up to her lips outside a vintage-looking

mansion: "#SecretProject....coming soon.... (sic)."

The blonde beauty grew up up Nashville and regularly goes back to visit her parents, who still live in the area, so it comes as no surprise that she's keen to set up a business venture there.

And refurbishment is something Reese is familiar with as she and Tim splashed out $1.95 million on a run down home in Oak Hill, Tennessee, with the view of doing it up last August.

Meanwhile, Reese - who has two-year-old son Tennessee with Tim, and daughter Ava, 15, and son Deacon, 11, with ex-husband Ryan Phillippe - currently has her hands tied up with launching her new lifestyle brand, Draper James, this Spring.