Rahul Pandit has taken over as president and executive director of D B Realty’s hospitality business.

Also read: DB Realty announces debt-free milestone and shareholder developments

Pandit earlier headed Lemon Tree and Ginger hotels. His most recent assignment was chief executive of Blackstone’s India logistics platform - Horizon Industrial Parks.

In February, the D B Realty board approved a plan to demerge its hospitality business as a part of value unlocking exercise. Last September, D B Realty announced acquisition of three hotels in Mumbai, Delhi and Goa for ₹2,300 crore.