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Can a factory with industrial land open a hotel?

You can't.

The state's restrictions on the nature of land use are mandatory and developers have no right to change them. Industrial land is used for production, storage, research and development, and to support some enterprises and houses. The hotel must be built on the land for commercial service facilities, that is, the nature of the land determined by the planning department according to the urban planning is to build commercial housing, and the land use period after transfer is 40 years.

If you want to be a hotel, unless you change industrial land into residential land. Otherwise, it is impossible to apply for real estate license and land household certificate, and the transfer price of commercial land is much higher than that of industrial land, and the transfer period is short.

Extended data:

In urban planning, industrial land can be divided into three categories:

A kind of industrial land: industrial land that basically does not interfere with and pollute residential and public facilities, such as electronics industry, sewing industry, handicraft manufacturing industry, etc. It is represented by the letter M 1 in the planning drawing.

Class II industrial land: industrial land that has certain interference and pollution to residential and public facilities, such as food industry, pharmaceutical manufacturing industry, textile industry, etc. It is indicated by the letter M2 in the planning drawing.

Three types of industrial land: industrial land that seriously disturbs and pollutes residential and public facilities, such as mining, metallurgy, large and medium-sized machinery manufacturing, chemical industry, paper industry, leather industry, building materials industry, etc. It is indicated by the letter M3 in the planning drawing.

Baidu Encyclopedia-Land Use Nature