South-side hotel changes ownership

The south-side Homewood Suites by Hilton hotel has changed ownership.

Hotelier Tim O'Reilly said an entity he operates called South National Hotel Partners LLC purchased the 4340 S. National Ave. hotel on Dec. 3 for undisclosed terms. The seller was Reliance Hotels LLC.

O'Reilly said O'Reilly Hospitality Management LLC, which he leads as CEO, is now managing the Homewood Suites hotel, located on the Medical Mile at National Avenue and Lark Street south of James River Freeway.

"Hilton is a very good brand, and the hotel is performing well," O'Reilly said. "We have several Hilton properties in the area."

O'Reilly said the 122-room hotel employs around 45 people, and it's in hiring mode, as well.

Reliance Hotels opened Homewood Suites by Hilton in March 2022 after breaking ground on the $17.2 million development in October 2019, according to past Springfield Business Journal reporting.

O'Reilly Hospitality Management's website lists 26 hotels in its portfolio, including Hilton Garden Inn and DoubleTree by Hilton in Springfield.

A deed of trust on file last month with the Greene County recorder's office between South National Hotel Partners and Central Bank lists a note amount of nearly $19 million for the Homewood Suites property.