The Government has four more sites on this year's land disposal programme application list that can be used to develop hotels.
Apart from the 2.93-hectare waterfront commercial lot in the Hunghom reclamation area, another large tract of land, zoned for commercial-residential use, is in Oil Street, North Point.
It covers 1.46 hectares and has gross floor area potential of 1.66 million square feet.
The development must include at least 530,000 sq ft of residential space and the rest can be hotel, office or retail space.
Another site is on Yeung Uk Road, Tsuen Wan, and spans 1.42 hectares, with a maximum gross floor area of 1.45 million sq ft. The site had been zoned for hotel development in 1997 but the use has changed to commercial-residential to provide flexibility for development.
Developers can opt to develop the site for office, retail or residential use, or a mix.