The three clubs will compete alongside local side - and Spurs partner club - South China FC at the biennial pre-season tournament from July 24-27.
It will be City's second appearance in the knockout event having previously played in Thailand in 2005, when they finished third.
Spurs were last involved in 2009, when they beat Hull in the final, while Sunderland will be making a first appearance.
"It gives us the opportunity to showcase the club's footballing talent to our supporters in Hong Kong, which is such a vibrant venue to host a high quality tournament like this."
It will be City's second successive pre-season trip to the Far East after touring China and Malaysia last year.
The Asia Trophy is the only tournament held outside of the UK affiliated to the Premier League, which has previously floated the idea of playing competitive fixtures abroad - the so-called "39th" games.
Premier League chief executive Richard Scudamore said: "We are hugely excited at the Premier League to be bringing the Barclays Asia Trophy back to Hong Kong for a third time.
"The 2011 tournament was without doubt our most successful to date and the atmosphere inside the Hong Kong Stadium on both nights was particularly memorable."