After establishing and co-founding several international retail brands such as Tory Burch and C. Wonder, and making investments in others, Chris Burch has ventured into the hospitality industry. In 2012, Burch partnered with James McBride, a hotelier, and purchased a beach hostel in Sumba, an Indonesian island. The investment costs them $30 million in renovations. They later re-opened the resort in 2015 and named it Nihiwatu.
In 2016, Travel + Leisure voted Nihiwatu as the best hotel in the whole world. When being interviewed by Business Jet Traveler, Burch confessed that his investment in Nihiwatu was a tribute to his children. He was hoping that the hotel would be preserved and turned into something that would benefit the community. Burch admitted that Nihiwatu had surpassed his expectations.
Wall Street Journal reports that Burch divides his time between the Hamptons, Miami, and Nihiwatu. The luxurious resort consists of 27 private villas which include Raja Mendaka, Burch’s private residence. This particular villa has four additional villas and a main house, each featuring a private plunge pool. Nihiwatu has also been nicknamed the “edge of wilderness” due to its location on the west of Sumba.
About Christopher Burch
Christopher Burch is the CEO and founder of Burch Creative Capital. Burch has worked as an active investor and entrepreneur across several industries for almost four decades. Burch has been the brains behind the rise of many luxury and technology brands such as Voss Water, Jawbone, Poppin, and Faena Hotel + Universe. He formerly served as a board member of the “Continuum Group”, and “Guggenheim Capital”.
Burch began his entrepreneurial journey while still pursuing his education at Ithaca College in 1976. He partnered with his brother and invested $2,000 to establish “Eagle’s Eye Apparel”. Burch and his brother Bob developed Eagles Eye Apparel to $165 million before selling it to “Swire Group”. More to read on bjtonline.com.
After selling Eagle’s Eye, Burch invested in Internet Capital Group, an IPO company involved with Internet space. Burch’s success is premised mainly on his intuitive comprehension of the basis of consumer behavior. Interesting news on huffingtonpost.com.
Mr. Burch’s investment portfolio is very impressive to say the least. He has invested in a few international and domestic real estate ventures. These include the development of flamboyant homes in Palm Beach, Nantucket, Southampton, Florida, and New York. He also joined hands with Alan Faena and Philippe Stark to develop a poorly utilized piece of land. The parcel of land was turned into a luxury hotel: “The Faena Hotel + Universe”. Burch’s recent investment is Nihiwatu, the luxury resort that has generated a lot of publicity and recognition in the hospitality industry. Check this on businessinsider.com
To read more about Burch, visit http://christopherburch.com/