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Time of India
25-06-2025
- Business
- Time of India
'You don't need millions': OYO's Ritesh Agarwal shares blueprint on how to start a hotel business in the US with just $10,000
In a rare and detailed breakdown, OYO founder Ritesh Agarwal has revealed exactly how he would start a hotel business in the United States — even with as little as $10,000. Speaking candidly about the tough lessons of entrepreneurship, Agarwal emphasized that success in hospitality comes not from initial acceptance, but from surviving rejection. 'If I had $100,000 — or even just $10,000 — I'd still start,' Agarwal said in a video posted on YouTube. What follows is a step-by-step playbook grounded in his own experience launching OYO, one of the world's largest hotel chains. Step-by-step process by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like After 51 Cruises, A Retired Couple's Laundry Stains Caught The Staff Daily Sport X Undo Step 1: Find the Right Property Finding the right property is "50% of the battle," he explains. This involves scouring websites like or Crexi, working with brokers like CBRE, and — most critically — knocking on doors and building relationships with motel owners. Many small property owners are looking to retire and may be open to selling if approached with sincerity and vision. Step 2: Finance Smartly — Even Without Millions Live Events Agarwal breaks the myth that you need millions to get started. A 20-30 room economy motel might cost around $1–1.5 million. But up to 80% of that can be financed through: Regional banks like PNC or American Pride Bank, SBA loans (government-backed small business loans), Owner financing, where sellers offer a loan in return for a slightly higher price. This reduces the upfront need to just $200,000. From there, finding 9 investors willing to pitch in $20–22k each brings in $190,000 — leaving the founder to contribute just $10,000 personally. Step 3: Run It Yourself (At First) The biggest mistake, according to Agarwal, is hiring a manager right away. 'Run your first property yourself,' he insists. From managing mold issues to dealing with HVAC or retaining staff, the first few months are critical for learning how to operate lean and smart. Step 4: Generate Income and Scale A 20-room property can generate around $100,000 in net income per year, even after loan payments. A portion of that goes to upkeep, another as management fees. 'You can walk away with $10,000 or more annually from one property,' says Agarwal. He shared the story of Bob B. from Oklahoma City, who started with one motel and now owns three. Bob now earns over $60,000 annually and continues to build value from his growing portfolio. Final Thought: 'This isn't theory — this is real,' says Agarwal. 'You just need to start. And once you start, you can multiply.' Whether you're an aspiring hotelier with limited capital or an investor looking for a roadmap, Agarwal's guide offers a compelling mix of realism and inspiration.
Business Wire
06-05-2025
- Business
- Business Wire
Offerpad and Auction.com Partner to Transform Real Estate Transactions
BUSINESS WIRE)-- Offerpad (NYSE: OPAD), a leading real estate tech company offering flexible ways to buy and sell homes, and the nation's leading online marketplace, today announced a strategic partnership to transform how homes are bought and sold. By aligning their strengths and capabilities, the companies aim to deliver greater value, speed, and care for buyers, sellers, and communities. As part of the collaboration, Offerpad's Renovate division will become a preferred partner of renovation services for buyers ranging from local community developers to institutions acquiring properties. This service complements marketplace scale with Offerpad's renovation expertise, enabling buyers to more easily transform acquired properties into high-quality, move-in ready homes. Additionally, SmartSale™ platform will extend Offerpad's ability to serve its homeowners' competitive offers through expanded buyer reach. 'This partnership brings together two companies with a shared commitment to improving communities through smart real estate solutions,' said Brian Bair, Chairman and CEO of Offerpad. 'Renovate was built from the ground up to deliver quality work with speed and care, and working with allows us to bring that expertise to more homes and more partners across the country.' Offerpad launched its Renovate business after years of developing in-house expertise through its own home inventory operations. What began as an internal function has evolved into a B2B renovation platform across the country, now serving institutional clients nationwide. In Q1 2025, Offerpad reported a record quarter for Renovate, with over 200 completed projects and $5.3 million in revenue—the highest total since the division's launch. Nearly half of the volume now comes from institutional clients, with top performance in Texas, Georgia, Colorado, Tennessee, and Kansas. 'We're excited to partner with Offerpad to bring together two of the leading real estate marketplaces,' said Ali Haralson, President of 'This partnership strengthens our ability to serve sellers and buyers at scale — from local community developers to institutional investors — while helping neighborhoods thrive." Together, and Offerpad are streamlining the process of transforming properties into move-in ready homes. This gives buyers a trusted path to renovate properties efficiently, offers sellers access to a vast, nationwide buyer base, and helps communities revitalize faster. This collaboration also reflects purpose-driven mission to unlock more efficient, transparent, and inclusive ways for people to buy and sell real estate — including innovations like SmartSale™, which integrates traditional selling paths into its trusted marketplace. About Offerpad Offerpad, dedicated to simplifying the process of buying and selling homes, is a publicly traded company committed to providing comprehensive solutions that remove the friction from real estate. Our advanced real estate platform offers a range of services, from consumer cash offers to B2B renovation solutions and industry partnership programs, all tailored to meet the unique needs of our clients. Since 2015, we've leveraged local expertise in residential real estate alongside proprietary technology to guide homeowners at every step. Learn more at About is the nation's leading online investment property marketplace, with over 533,000 homes sold and $66 billion in transactions. While known for its leadership in foreclosure and REO auctions, also helps sellers bring traditionally listed properties to market through SmartSale™, a platform combining the control of a traditional sale with the transparency and scale of marketplace. With tools like Remote Bid™ and data-driven insights, empowers sellers, expands access to homeownership, and supports local communities. The platform serves homeowners, investors, and community developers dedicated to revitalizing neighborhoods and unlocking real estate value. Learn more at #OPAD_IR
