At 311 N. St. Mary’s Street, the Gunter Hotel has stood as one of San Antonio’s most enduring landmarks for more than a century. Now, following a $57 million renovation, this historic icon has reopened with a renewed sense of luxury and purpose. Featuring beautifully restored interiors, a rooftop pool, and upgraded dining experiences, the Gunter once again embodies the elegance of downtown living while contributing to the broader momentum of the city’s urban revival. 

The project represents more than a hospitality upgrade—it’s a catalyst for increased economic activity, cultural vitality, and real estate demand in the city’s urban core. 

What’s New at the Gunter Hotel 

The renovation preserves the Gunter’s historic charm while seamlessly integrating modern amenities that appeal to both travelers and locals. The updates include: 

• Luxury rooms and suites with enhanced finishes and architectural restoration 

• A rooftop pool and terrace offering skyline views of downtown San Antonio 

• Reimagined dining and bar concepts, attracting both hotel guests and neighborhood visitors 

• Updated event spaces and common areas, blending classic design with modern functionality 

These improvements position the Gunter as a key downtown attraction, revitalizing foot traffic along Houston Street and St. Mary’s while contributing to the city’s hospitality renaissance. For the downtown community, it reaffirms San Antonio’s commitment to preserving its history while investing in future growth. 

Why It Matters for Real Estate 

According to Tami Price, Realtor in San Antonio, projects like the Gunter Hotel renovation play a pivotal role in shaping buyer behavior and property values downtown. 

“Revitalization attracts both residents and investors who see long-term potential in San Antonio’s downtown,” explains Price. “Each new development—whether it’s a boutique hotel or a luxury renovation—helps build confidence in the area’s stability and lifestyle appeal.” 

Historically, the completion of major hospitality and cultural projects near the River Walk, Houston Street, and Market Square has corresponded with measurable increases in residential demand. Condo and loft sales often see shorter Days on Market (DOM) and stronger year-over-year appreciation in the months following such openings. 

Impact on Homeowners, Buyers, and Sellers 

Homeowners: 

Those already living downtown could see property values rise as new amenities attract more professionals, tourists, and long-term renters. Increased foot traffic and improved safety also contribute to perceived neighborhood value. 

Buyers: 

The reopening of the Gunter adds to the appeal of downtown neighborhoods like SoHo Lofts, Judson Candy Factory Lofts, and Vidorra. Buyers seeking walkability, entertainment access, and a vibrant urban lifestyle will find more options aligning with their needs. 

Sellers: 

For sellers, this kind of revitalization presents an opportunity to highlight proximity to newly upgraded landmarks and cultural destinations. Marketing language emphasizing walkability to venues like the Gunter, the River Walk, and Frost Tower can enhance listing visibility and buyer interest. 

Downtown Market Dynamics 

The San Antonio Board of REALTORS® (SABOR) reports that downtown continues to experience steady demand as revitalization projects multiply. 
Key 2025 metrics include: 

• Median downtown home price: $402,000 

• Average Days on Market: 48 (down from 61 YoY) 

• Inventory: 3.2 months—below balanced market levels 

With corporate relocations, hospitality investments, and residential infill projects on the rise, downtown’s ecosystem remains robust. Renovations like the Gunter’s strengthen San Antonio’s position as one of the most livable and investable city centers in Texas. 

Broader Economic and Cultural Impact 

The Gunter Hotel’s transformation also carries cultural and community significance. First opened in 1909, it has hosted countless events, artists, and dignitaries over the decades—including historic recording sessions by blues legend Robert Johnson. Its restoration preserves that heritage while adding modern amenities that align with San Antonio’s tourism and business travel growth. 

The project’s completion supports: 

• Job creation in construction, hospitality, and tourism 

• Increased tax revenue for the city 

• A stronger local economy supported by small businesses, restaurants, and entertainment venues surrounding the River Walk 

For locals, it’s a reminder that downtown San Antonio continues to evolve as both a cultural destination and a vibrant place to live. 

Why Now Is the Time to Watch Downtown Real Estate 

As the downtown landscape modernizes, property owners and investors should keep a close eye on the ripple effects of hospitality-led revitalization. Walkability, amenities, and cultural experiences are increasingly shaping buyer preferences, especially among professionals and retirees seeking urban convenience. 

Those considering condos, lofts, or mixed-use developments near the Gunter, Houston Street, or the River Walk may find that now is the time to invest—before appreciation accelerates with the next wave of downtown projects. 

Bottom Line

The Gunter Hotel’s $57 million renovation represents more than a historic preservation effort—it’s a cornerstone of San Antonio’s urban resurgence. With restored beauty, modern amenities, and renewed cultural importance, it strengthens downtown’s identity as a place where heritage and progress meet. 

For homeowners, buyers, and investors alike, the reopening of the Gunter reinforces one clear message: Downtown San Antonio is not just growing—it’s thriving. 

Source: San Antonio Express-News 

Frequently Asked Questions

Q: Where is the Gunter Hotel located? 
A: The hotel is located at 311 N. St. Mary’s Street, just steps from Houston Street and the San Antonio River Walk. 

Q: What are the new features after renovation? 
A: The $57 million project includes luxury guest rooms, a rooftop pool, modern dining concepts, and restored architectural details that preserve its historic charm. 

Q: How does this affect real estate? 
A: Revitalization projects like the Gunter’s reopening typically enhance nearby property values and strengthen downtown’s appeal to buyers, renters, and investors. 

For expert insights into how downtown’s revitalization may influence your buying or selling strategy, contact Tami Price, Realtor for personalized guidance.