CISCO, Texas (AP) — Plans are in the works that could lead to the restoration of a vacant historic hotel in West Texas recently placed on a list of the state's most endangered places.

AP reports that documents filed with the state show Kansas City-based Interstate Holdings LLC has an option until Dec. 5 to buy the Laguna Hotel in Cisco for $200,000. Investors want to turn it into 30 apartments for low-income residents and use the ground floor for offices or community space.

On Thursday, Preservation Texas Inc. named the hotel one of eight endangered sites in Texas. The nonprofit said the hotel built in 1929 is one of several constructed during that "boomtown era."

The city of Cisco has passed a resolution supporting the project.