(b) The Board may issue the license to the owner of a hotel that:

(1) is in a building at least three stories tall that was originally constructed for hotel purposes;

(2) has a capital investment of at least $500,000; and

(3) contains:

(i) at least one passenger elevator;

(ii) at least 100 rooms for the accommodation of the public; and

(iii) a dining room with facilities for preparing and serving regular meals for at least 125 individuals at one seating.

(c) (1) The license authorizes the license holder to sell beer, wine, and liquor by the drink for on-premises consumption.

(2) Subject to paragraph (3) of this subsection, the Board may issue the license for use by a restaurant:

(i) in a hotel or motel with at least 100 bedrooms for public accommodation; or

(ii) operated in conjunction with a Class 7 micro-brewery.

(3) To be licensed, a restaurant:

(i) shall be in a permanent building with ample space and accommodations for preparing, serving, and selling meals to the public during business hours;

(ii) shall derive at least 60% of its gross monthly revenue from the sale of food;

(iii) shall provide waiters to serve customers who are seated at tables for dining; and

(iv) may not be a fast-food style facility.

(d) The license is exempt from any license population quota limitation.

(e) The license may not be transferred to another location.

(f) The annual license fee is $800.