Baltimore-area hotel prices spike on Preakness weekend to as much as $1,000 a night

Booking a hotel room this weekend for the 148th Preakness Stakes will cost anywhere from $300 to $1,000 per night. The downtown Baltimore hotels along with hotels near Pimlico Race Course, where Preakness is held, are seeing an influx of visitors from May 18 to 21 and the prices are showing it. Many hotels, including the Kimpton Hotel Monaco Baltimore, are already sold out or have very few rooms left.