The home office for Albanese Development Corporation has always been located in Springfield, Illinois. We currently occupy an office in the Centrum Building, depicted to the left.

The original company founded in the early 1970's by Peter Albanese was called, North American Development International Corporation (NAIDCO). It's goal was to develop and operate Holiday Inn franchised hotels in Italy for which it had acquired licenses. Shortly after, a brief involvement overseas, the company decided to redirect it's focus domestically. The first Holiday Inn it acquired was purchased from the Parent company (Holiday Inns, Inc.) and located in East Peoria, Illinois around 1976. A few years later, Peter developed their first new Holidome in Peoria-North. Both properties were sold in 1980.

In 1981, Peter was back at work. This time planning the Holiday Inn Holidome of Alton, Illinois. This property opened in August of 1981.

After another 2 to 3 years, Quincy, Illinois became the next market for a similar full-service prototype. That property opened in September of 1984.

Under the influence of a changing market, in 1987 Peter developed his first limited service hotel known as Hampton Inn Springfield, IL.

Through the following years, the company has managed similar sized properties including the former Best Western in Fort Worth, Texas and Best Western Springfield Airport.

In the late 80's and early 90's new hotel development was difficult, considering the economic climate. During this time, the company embarked on the development of a medical office complex in downtown Springfield, IL. This project, which also became the new location for the home office came to be known as the Centrum Building.

As the economy improved, Peter went back to his origins in 1994 and built a Hampton Inn in East Peoria, Illinois. This was located adjacent to the Par-A-Dice Riverboat Casino and on the Illinois River. Shortly thereafter, the company acquired and managed the Days Inn Peoria-North.

In 1995, the company acquired the Holiday Inn of Normal, Illinois which it also managed. Around the same time, the company completed the new Hampton Inn of Crestwood, Illinois located in a south Chicago suburb. Two years later, the company developed it's grandest facility in March 1997. The brand new full-service Holiday Inn Holidome and Convention Center in Champaign-Urbana, Illinois. This project was the culmination of years of experience from the viewpoint of design and efficiency.

By 1998, the company managed and had ownership in 4 full-service Holiday Inns, 3 limited service Hampton Inns and a Days Inn, each in Illinois.

Unfortunately, Peter himself had been combating a serious illness for over a year. In February of 1999, he passed away leaving many friends, family and fond memories behind. Shortly after Peter's passing, the company completed a period of consolidation and cost reduction, resulting in the divestiture or repositioning of several of the locations. Today, Albanese Development Corporation continues to own and/or operate the full service Holiday Inn in Alton, Illinois as well as the Centrum Office Building in Springfield, Illinois.

Under the direction of those family members who worked closely with Peter throughout the years, the company is now embarking on a new journey.

Dennis Albanese, who serves as Senior Vice-President is responsible for the strategic planning, daily operations and finances. He has been with the company since 1987, undertaking several capacities including design, development, finance, construction and operations.

Lily Albanese who has served as 2nd Vice-President since 1990, is responsible for design, coordination and procurement for capital renovation projects. Her background in architecture and real estate complement her specific duties.

Our company mission is, to ensure that we meet or exceed the expectations of our guests by providing prompt and efficient service in clean comfortable surroundings, at a fair price. We believe that if we follow this mission, then the stakeholders and our employees will naturally benefit from the resultant financial rewards.