THE Urban Redevelopment Authority (URA) on Thursday launched a hotel site at Kallang Road and Jellicoe Road for sale by public tender.

The land parcel, which is on the URA reserve list, has already drawn interest from a developer who is prepared to put in a bid of S$51 milllion.

The 0.42 ha site, with a maximum permissible gross floor area of about 18,986 sq m, is zoned for hotel development.