From Louisville Business First Aug 1, 2019
Louisville’s Churchill Downs Racetrack is getting a hotel after years of speculation. Churchill Downs Inc. Chief Executive Officer Bill Carstanjen said during the company’s quarterly earnings call Thursday that it has a significant construction project in the works that will add a hotel, historical race wagering facility and additional permanent, premium seating at the Louisville racetrack .
Carstanjen did not disclose any details about either the hotel or the gaming venue, but he did say the company hopes to have both operational by the 2021 Kentucky Derby. He said the facilities will be located near the first turn of the racetrack.
Carstanjen said an architect has been chosen for the project that will work on the designs and cost estimates. He said more specific details will be released during the third quarter earnings call later this year.
“When you have [a hotel], you can keep guests longer and you can attract new guests to the facility,” he said during the call. Click here to read more from Business First