Shelton's famous red chair from The Voice will call the Country Music Hall of Fame and Museum home from May 27 to Nov. 6

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When Blake Shelton told the folks at the Country Music Hall of Fame and Museum to take a seat, he really meant it: The Voice coach’s famous chair will soon be making a guest appearance at the Nashville museum as part of a new exhibit honoring the star, PEOPLE has exclusively learned.

The exhibit opens Friday and runs through Nov. 6 – but don’t worry, Blake fans. Shelton will still have a place to sit on the highly rated NBC show. It turns out the revolving chairs were made in multiples, so the exhibit will feature just one of Shelton’s very limited edition chairs. The massive chair – less than a foot shorter than Shelton’s 6-foot-5 frame – boasts his own custom features, including seat warmer and double cup holders for what he calls his “special lattes.”

“I spend a lot of time in that chair,” Shelton, 39, told PEOPLE, “and I think that will be a cool addition [to the exhibit].”

Shelton, who just released his new album If I’m Honest, is clearly stoked about this latest honor in his multi-platinum career. “Someone asked me if having an exhibit at the Country Music Hall of Fame is a dream come true, and honestly, I guess it isn’t because I didn’t even know you could dream that big,” he said. “It’s like it’s not real. But I’m very honored and excited to see everything on display.”

Other exhibit highlights include a memo pad with the lyrics to the first song Shelton wrote, his first royalty check (in the humble amount of $2.73), the elf costume he wore on his 2012 Christmas special, and several of his many award trophies.

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Yet another artifact close to Shelton’s heart is associated with two Nashville legends, Mae Boren Axton, who wrote Elvis Presley’s “Heartbreak Hotel,” and her son, actor-singer-songwriter Hoyt Axton, who wrote the Three Dog Night classics “Joy to the World” and “Never Been to Spain.”

The week Shelton moved to Nashville in 1994, he explained, “I was hired by Mae Boren Axton to paint her house. Her son Hoyt was in town and staying on his tour bus in her driveway. It happened to be my 18th birthday. I was sitting in her driveway eating my lunch, and Hoyt happened to step off of his bus. We started talking, and I told him it was my birthday. He invited me on his bus and sang ‘Ol Red’ (a song written by Don Goodman and Mark Sherrill). I kept that song all those years until I got a record deal. I recorded it, and it became such a pivotal song in my career. That was such a special experience for me, and at the end of the day he gave me a knife made from the steel they use to make railroad tracks … I still have it and I’m really excited to add that knife and story to the exhibit.”

The exhibit is one in a series that has featured contemporary artists. Other honorees have included Taylor Swift, Carrie Underwood, Miranda Lambert, Luke Bryan and Keith Urban.