Real estate developer DB Realty has appointed Rahul Pandit, a seasoned hospitality professional, to head its hotel business. With over three decades of experience in start-ups, organizational development, and operations, Pandit brings a wealth of expertise to his new role. He has previously held leadership positions in prominent companies such as Lemon Tree Hotels, Ginger Hotels, and Blackstone’s India logistics platform.

The decision to appoint Pandit follows DB Realty's recent announcement of a plan to demerge its hospitality business, aiming to unlock value for stakeholders. Pending approvals, Pandit will eventually assume the position of Managing Director and CEO of the hospitality division.

Expressing his enthusiasm for the new role, Pandit stated his commitment to working with the accomplished team at DB Realty to grow the platform into one of India’s leading hotel owning companies over the next 5-7 years.

Upon completion of the demerger process, DB Realty intends to list its hotel division on both the BSE and NSE. The move not only aims to unlock value for shareholders but also seeks to attract investors, partners, and talent focused on the hospitality sector.

DB Realty's hospitality business comprises various assets, including Goan Hotels & Realty Private Limited and BD and P Hotels (India) Private Limited.

Pandit's appointment marks a significant transition for DB Realty's hospitality division and comes as part of the company's strategic initiatives to enhance shareholder value and capture opportunities in the Indian hospitality sector.