Greenwood Hospitality Group Acquires The Gunter Hotel
Tuesday November 6th, 2012 - 10:24AM GH
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SAN ANTONIO, TX—Greenwood Hospitality Group, on behalf of 205 East Houston Street, LLC, announced the acquisition of the Sheraton Gunter Hotel, located here. Developed in 1909, the hotel features 322 guestrooms, 23,000 sq. ft. of meeting space, Barron’s Restaurant, the Gunter Bakery and additional restaurant and lounge options.
Greenwood will implement a multimillion-dollar renovation in the coming months; this will include updates and additions to all guestrooms and improvements to all meeting, public and dining spaces.
Tags: • Hospitality • Construction/Renovation • Ownership •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.