Oaklawn Racing and Gaming today announced plans to build an expansion project in excess of $100 million that includes the construction of a high-rise hotel, multi-purpose event center, a larger gaming area, and additional on-site parking.
The project is one of the largest hospitality investments in the history of Arkansas.
“This historic announcement represents a new chapter in the rich 114-year history of Oaklawn,” said Louis Cella, president of Oaklawn Jockey Club. “As we enhance the entertainment experience for our customers, we will also further elevate thoroughbred racing and help make Arkansas and Hot Springs even stronger regional tourism destinations.”
The yet-to-be-named hotel will be seven stories with 200 rooms, including two presidential suites. Amenities will include an outdoor swimming pool, a luxury spa, fitness center and restaurant.
Adjacent to the hotel will be a 14,000 square-foot multi-purpose events center that will accommodate up to 1,500 people for various events such as concerts, meetings, banquets and weddings.
The project also includes the addition of approximately 28,000 square feet of gaming space and significantly expanded parking.