And eat the bread pudding, too <g>
Lexington is a smallish town, so travel times are not really that significant (on weekends traffic backs up trying to get into the track on Versailles Rd).
Fly into Bluegrass Airport, it's physically small, easy to get in and out of, right across the street from the track.
Second choice is to fly into Northern Ky Airport (Cincinnati, but on the south, KY side of the Ohio) - you can come down I-75, it will take you an easy hour to get to Lex. Louisville is third choice, little farther, an hour plus from Lex.
Look at a map or mapquest, notice New Circle Road encircling the city - I'd first try to get a room at one of the hotels at Exit 115 - I-75 and 922-Newtown Pike (try LaQuinta first it's nice, then Holiday Inn, etc., Embassy and Marriot Resort are there but more expensive, but the Marriot is worth $159 night, it's a beautiful five-star w/golf course, and alot of the horse folks stay there, fried green tomatos are great - just do it <G>) - close to the Horse Park, the horse farms.
Then go to the southwest and south side of the city - stay on New Circle before you go to off Man O' War Blvd. for travel time ease. Just avoid the east and far southeast side if you can, travel times will be a bit long and it's just suburbia hell down there. Day's Inns, Red Roofs, etc.
Try to get a room anywhere west of Tates Creek Road on the south side for travel time ease. Downtown, or just south of downtown, is fine too. The independent hotels (Springs, etc) are clean and good in that area.
You can also get reasonably priced rooms during Kee at the 8-10 hotels at I-75 and Rt 62 in Georgetown, very quick to zip (10 minutes?) down I-75 to Newtown Pike, and then straight into the track via New Circle and Versailles Rd. (Best Western, Ivy, Microtel, etc)
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