Archives for November 20, 2018

Oaklawn Racing and Gaming Announce Big Expansion

OAKLAWN ANNOUNCES $100 MILLION-PLUS EXPANSION WITH CONSTRUCTION OF HIGH-RISE HOTEL, EVENT CENTER AND EXPANDED GAMING AREA

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.

“The hotel will offer a unique vantage point for our patrons in that it will overlook the track. Imagine the spectacular view as the horses are heading down the stretch,” said Cella. “Our goal is to achieve 4-star status.”

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.

Arkansas Governor Asa Hutchinson said the Oaklawn expansion will be monumental.

“The state of Arkansas is grateful to Louis and his family for their commitment to growing their business right here at home,” said Gov. Hutchinson. “This project, which will be financed exclusively with private funds, not only represents one of, if not the largest, tourism related expansion projects in our history, it will also rank among the state’s largest economic development projects in 2019.”

Kane Webb, director of the Arkansas Department of Parks and Tourism, says the Oaklawn expansion will create more success stories for Arkansas’ thriving tourism industry.

“Hot Springs is already one of the top tourism destinations in the South,” said Webb. “This expansion will thrust Hot Springs into the category of the nation’s elite vacation and recreation locations.”

Oaklawn Park new designCella says the development will create new partnership opportunities with the city of Hot Springs in that marketing efforts will be designed to complement those of the city’s. He says while various on-site amenities will be offered, Oaklawn will want guests to enjoy all that Hot Springs has to offer including Hot Springs National Park, lakes, hiking and biking trails, museums, restaurants, shopping and more.

Steve Arrison, CEO of the Hot Springs Advertising and Promotion Commission, says the events center and hotel rooms will be beneficial to Hot Springs and Arkansas.

“Oaklawn’s project will allow Hot Springs to attract more and larger meetings and conventions,” said Arrison. “This creates exciting opportunities for Hot Springs tourism.”

An expansion project of this magnitude, Cella says, requires years of planning and the development of infrastructure.

“While one may assume that today’s announcement comes in response to the passage of Issue 4 on November 6, we actually began planning for this during our last expansion in 2014,” said Cella. “Our goal then, as it is now, is to use a quality gaming experience to enhance racing and help attract even more great champions to Arkansas such as Smarty Jones, Zenyatta, and American Pharoah.”

Construction on the project will begin in May immediately following completion of the 2019 racing season. The target completion date for the gaming expansion is January 2020 with the hotel and event center to be completed in late 2020.

As it has for two previous Oaklawn projects, HBG Design of Memphis is the architectural firm for this new expansion.

Flintco Construction, with an Arkansas headquarters located in Springdale, is the contractor on the project. The company estimates that as many as 2,300 jobs will be created during the construction phase.

“The Cellas helped found Oaklawn in the early 1900’s,” said Wayne Smith, general manager of Oaklawn. “As they have for more than a century, the family continues to make significant investments in Arkansas. This will be the third major project at Oaklawn since 2008.”

This major expansion represents the second significant announcement at Oaklawn since Louis Cella succeeded his late father, Charles, as president of Oaklawn Jockey Club last December.

In April of this year, Oaklawn announced it will shift its racing season later in the calendar and for the first time will continue racing into May. It’s the biggest change in the traditional Oaklawn racing schedule since World War II.

Oaklawn Park Expansion Project Fact Sheet

About the project:
Oaklawn is investing in excess of $100 million to further elevate thoroughbred racing and make Oaklawn and Hot Springs an even stronger regional tourism destination.
The Oaklawn expansion will be one of the largest hospitality investments in the history of Arkansas.
This is a private investment. No public dollars are being used.
The project will focus on five main areas:
Enhanced racing experience
4-star hotel and spa
Multi-purpose event center
Expanded gaming area
Additional on-site parking
This expansion project has been in the planning stages since 2014.
This will be Oaklawn’s third major construction project since 2008.
About the hotel/multi-purpose event center:
The hotel will be 7 stories tall with 200 luxury rooms, including two presidential suites.
The goal is for the hotel to achieve 4-star status.
The hotel will offer patrons a unique vantage point in that it will overlook the racetrack on one side with a beautiful view of the lakes and mountains on the other.
Room rates will be competitive with other properties of this quality.

The Oaklawn Park hotel will include:
outdoor swimming pool
luxury spa
fitness center
restaurant
multi-purpose event center
individual meeting rooms
The 14,000 square-foot multi-purpose event center will accommodate up to 1,500 people for events ranging from concerts, to meetings, to banquets, to weddings.
Oaklawn is working with the Hot Springs Advertising and Promotion Commission to ensure that the multi-purpose event center compliments efforts of the Hot Springs convention center and arena. The partnership will help attract more and larger meetings and conventions to the city.
The project includes expanded on-site parking to accommodate more vehicles.
A shuttle service will be available to transport patrons from their vehicles to the facility. Shuttle stops will be strategically located throughout the parking areas.

About the Oaklawn Park gaming expansion:
The new expansion will add approximately 28,000 square-feet of gaming space.
The enhanced gaming experience will allow Oaklawn to provide larger purses to help attract the top thoroughbreds joining a long line of champions such as Smarty Jones, Zenyatta and American Pharoah.

About the construction:
HBG Design of Memphis is the architectural firm on the project. This will represent the firm’s third expansion design for Oaklawn.
Flintco Construction, with Arkansas headquarters located in Springdale, is the contractor on the project. Flintco has managed major construction projects all over Arkansas.
Construction will begin in May, immediately following the completion of the 2019 racing season.

Target completion dates:
Gaming expansion – January 2020
Hotel and multi-purpose event center – Late 2020

About economic impact:
Oaklawn’s reputation as a year-round tourism destination will be enhanced. Hotel guests will have easy access to Hot Springs National Park, area lakes, hiking and biking trails, museums, amusement parks, and restaurants representing a significant economic impact to the city of Hot Springs and the state of Arkansas.
Flintco estimates that as many as 2,300 construction jobs will be created during the construction phase.
Though a specific number is still under consideration, Oaklawn anticipates several hundred additional jobs will be created in expanded areas.

About the Oaklawn principals:
Louis Cella, president of Oaklawn Jockey Club, succeeded his late father, Charles, in December 2017. The Cella family were among the founding partners in Oaklawn in the early 1900s. Louis is a graduate of the University of Arkansas School of Law, past Chairman of the Arkansas Cancer Research Center Foundation, Director of the UAMS Foundation Fund Board and Director of the Myeloma Institute. Louis’ wife, Rochelle Dean, is from England, Arkansas.
Wayne Smith, general manager of Oaklawn, joined the racetrack in 2016 with extensive experience in working with resort properties around the world for ITT-Sheraton, MGM Grand and Caesar’s Entertainment. He also worked for Empire City Racing and Gaming in New York and Penn Gaming in Illinois.

Source: Oaklawn Park