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By Author
Published on September 9, 2023
Janardan Tiwari, the former Founder and CEO of DataTrained, has embarked on a new venture called HotelYaari, introducing a unique partial ownership model for hotel rooms. HotelYaari allows investors to acquire hotel room shares, benefit from property value appreciation, and earn a share of the income generated from room reservations.
Tiwari's vision with HotelYaari is to make hotel room ownership accessible to more people in India. This innovative model allows individuals to invest a relatively small amount and become partial owners of 4- or 5-star hotel rooms or holiday homes.
The advantages of this partial ownership model are multifaceted. Investors can enjoy monthly rental income from room reservations, benefit from property appreciation over time, and gain exclusive usage and exchange rights.
Tiwari stated, "Our goal is to enable individuals to invest as little as INR 5 lakh to own a share of a luxurious hotel room or a cozy holiday home. We're committed to enhancing the platform's efficiency for our customers in the next year and are also developing a secondary layer to facilitate the buying and selling of ownership shares."
HotelYaari's approach ensures that these holiday properties receive professional care and maintenance, ensuring a delightful experience for visitors while offering monthly rental incomes to property owners.
With over 15 years of senior-level experience in the banking and edutech sectors, Janardan Tiwari brings a wealth of knowledge to this new venture. As the former CEO of DataTrained, a prominent edtech organization in India, his reputation for innovation and leadership is well-established.
HotelYaari opens up exciting opportunities for individuals to invest in the hospitality industry and enjoy the perks of property ownership without the hefty upfront costs. This pioneering approach could potentially revolutionize the way people invest in luxury accommodations.
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