Churchill Downs plans $300M project to add hotel, casino at track’s first turn

Millionaires Row 6 Renovation will offer new premium experience
A rendering of the planned Churchill Down hotel.

LOUISVILLE, Ky., (October 30, 2019) – Churchill Downs Racetrack announced a number of major capital investments that promise an unparalleled variety of new VIP guest experiences, including the construction of permanent stadium seating, a hotel and historical racing machine facility in the first turn at the legendary racetrack as well as a renovation project of Millionaires Row.

Pending final approval of a Kentucky Tourism Development Incentive Act, the $300 million investment project would begin in December 2019 with projected completion at the end of 2021. The development will transform the first turn of the 190-acre facility and provide guests opportunity for never-before imagined Kentucky Derby experiences.

The new 156-room, 7-story hotel will feature trackside suites, all of which will offer private balconies and covered panoramic views of the entire track, as well as non-track facing rooms that will offer access to a 2nd floor party deck to watch racing. A Penthouse banquet room, 27,000-s.f. ballroom and meeting rooms will add desirable event space throughout the year and will likewise include exclusive Derby package offerings that will offer spectacular track views and the full bucket-list experience that Kentucky Derby guests have come to expect.

“Derby Week guests can wake up to a sunrise view as horses breeze around the track and then have their Kentucky Derby in their suite,” said Kevin Flanery, president of Churchill Downs Racetrack. “We took exceptional consideration with the design approach to this project to ensure that the addition will seamlessly enhance and complement the historic nature and iconic aesthetic of Churchill Downs. Our goal is to create a one-of-a-kind venue not just for Derby week, but for the public benefit of our community and visitors of Louisville to enjoy throughout the year.”
The hotel will include a 900-machine state-of-the-art HRM gaming floor, sports bar, VIP lounge and multiple year-round dining venues. In addition to welcoming patrons throughout the year, it will be packaged with exclusive Derby Week hospitality access for 3,400 guests in the existing Section 111.

New permanent covered stadium seating for 4,700 will replace the 3,300 temporary grandstands historically located in that area. It will provide a thrilling spectator experience to the thunderous racing and the famous Kentucky Derby walkover as well as an all-inclusive hospitality experience.
In total, the project will provide approximately 5,500 new reserved seating options for the Kentucky Derby and Oaks. Additionally, 6,700 existing customers will have access to upgraded amenities.

The project will provide for approximately 600 construction jobs and establish approximately 300 new permanent jobs upon completion. Churchill Downs has received preliminary approval for Tourism Development Act incentives that will enable this project to move forward and is awaiting final approval from the Kentucky Tourism Development Finance Authority in November.
Millionaires Row 6 Renovation

Churchill Downs will create a finely-curated culinary experience for guests of Kentucky Derby 2020 with an $11 million renovation of 6th floor Millionaires Row. The update will offer upscale guest offerings and elevated service for up to 350 guests with a prime and picturesque view of the racetrack’s finish line.
The innovative concept will include an exclusive menu, deluxe drink and champagne packages as well as concierge service dedicated to meet tailored needs including pre-orders and dietary restrictions. Unique and interactive hospitality experiences punctuated with personal detail will be incorporated throughout the space including an in-room handicapper to consult for wagering along with premium and private bourbon tastings.
“Creating unique experiences for our guests has been the hallmark of the Kentucky Derby,” said Flanery. “From our Stakes Room and Turf Club renovations in 2016 to our Starting Gate Suites addition in 2018 and most recently our Starting Gate Suites Rooftop, we have consistently personalized each offering with the diverse expectations of our guests whether they are attending for the first time or returning year after year. Not since the opening of The Mansion have we conceived of something this luxurious and truly one-of-a-kind.”
The renovated space will feature private dining rooms, lounge seating, window dining and a speakeasy bourbon room. More information on individual tickets to the new space for Kentucky Derby 2020 will be made available during an online ticket sale later this year.
Renovation will begin at the close of Churchill Downs’ Fall Meet in December 2019 and will be completed prior to the running of the 146th Kentucky Derby Presented by Woodford Reserve on Saturday, May 2, 2020.
Churchill Downs Racetrack President Kevin Flanery will be available to answer press questions on Thursday, October 31 between 11 p.m. and 12 p.m. EST. Please contact Tonya Abeln for scheduling and additional details.
About Churchill Downs Racetrack
Churchill Downs, the world’s most legendary racetrack, has conducted Thoroughbred racing and presented America’s greatest race, The Kentucky Derby, continuously since 1875. Located in Louisville, Ky., the flagship racetrack of Churchill Downs Incorporated (Nasdaq: CHDN) offers year-round simulcast wagering at the historic track. Churchill Downs will conduct the 146th running of the Kentucky Derby Presented by Woodford Reserve on May 2, 2020. The track’s 2019 Fall Meet will run from Oct. 27-Dec. 1.

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