(a) (1) Subject to subsection (b) of this section, the Board may issue not more than two additional licenses of the same type to a holder of:
(i) a Class B (on–sale) hotel and restaurant beer, wine, and liquor license; or
(ii) a Class B (on–sale) hotel and restaurant beer and wine license.
(2) A license issued under this subsection shall be issued for premises used as a restaurant.
(b) (1) The restaurant shall have:
(i) a minimum capital investment of $150,000 for restaurant facilities, not including the cost of land or buildings; and
(ii) a minimum seating capacity of 125 individuals.
(2) The Board may define “restaurant” by regulation.
(3) Except as provided in § 33–1606 of this subtitle, the Board may not issue more than three licenses of all classes under this section to or for the use of the same person.