The project is expected to take roughly three months to complete, according to documents filed with the Texas Department of Licensing and Regulation.
Related costs will cover interior design and architectural services as well as the installation of new finishes in the hotel’s various meeting spaces.
The property changed hands in 2017 when Roch Capital, a Pennsylvania-based investment firm, bought the hotel for $104 million.
The company specializes in hotels, office buildings and multifamily developments, according to its website.
The former owner, Ashford Hospitality Prime, said at the time that it sold the property in part because of "new supply that will likely negatively impact" the property.