This question has two answers due to insufficient of information that the entity owns hotel is the part of that group? If yes, then according to IAS 40 property rented out within group such as rented out to parent, subsidiary or fellow subsidiary is not investment property in consolidated financial statements that include both lessor and lessee. But can be recognized investment property into lessor financial statements (separate financial statements) The reason behind this is that the property is owner occupied property with perspective of group.
Second answer is that, if entity is not part of that hotel management group, in this case entity can recognize land and building as investment property because entity's intention is to earn rentals further, normally land is leased out by government to entities and individual for 99 years and is also renewed after the end of 99 years. and land cannot be separated from building therefore land and building will be recognized as investment property.