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The Real Cost of Attending the Kentucky Derby

By Bloomberg Rankings - 2012-05-03T16:31:25Z

Photograph by Al Bello/Getty Images

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A week before race day, rooms at budget hotels near Churchill Downs were priced at more than $500 per night, four or five times their usual rate. The classiest accommodations are far more expensive. A three-night stay at the Galt House Hotel in downtown Louisville costs $3,150 to $3,750. The packages include a welcome reception with live entertainment at the 1,290-room hotel, which is five miles from the racetrack.