The Investment of Chris Burch in Nihiwatu

Chris Burch is a renowned entrepreneur who has founded and co-founded some well-known retail brands such a Tory Burch and C. Wonder. Just recently, the accomplished entrepreneur decided to venture into another industry which is hospitality. Chris Burch partnered with James McBride, a hotelier, in purchasing a beach hotel located on the Sumba Island in Indonesia. The two partners bought the beach hotel in 2012 and used over $30 million in renovating it. In 2015, the hotel opened its doors as a five-star resort known as Nihiwatu. The hotel took almost three years to come together and turned out to be one of the best resorts in the world (businessinsider.com).

In 2016, Nihiwatu was voted by the Travel and Leisure as the world’s best hotel. Speaking to the Business Jet Traveler, Chris Burch stated that he purchased the beach hostel mainly for his children and also as a piece of land that can be reserved and then offered back to the community. With a beautiful palette, Nihiwatu has a spa beneath a waterfall and a butler in each room. Speaking during the interview with Business Jet Traveler, Chris Burch stated that the beach resort turned out more beautiful than what he had imagined.

Nihiwatu resort is built to have 27 private villas which include the private home of Chris Burch, Raja Mendaka. Raja Mendaka contains the main house, four small houses, and four private swimming pools. Ever since it’s opening, Nihiwatu has become the biggest local employer on the Sumba Island. Part of the profits produced by the hotel goes towards the Sumba Foundation which funds projects to assist the locals. Nihiwatu resort has a wellness center which provided group yoga sessions each day. The instructors are also able to conduct private classes depending on the needs of an individual.

Born in March 1953, Chris Burch is a serial entrepreneur who is the CEO and founder of Burch Creative Capital, a New York-based company. The company specializes in the management of venture investments as well as brand development (http://www.burchcreativecapital.com). In 2012, Chris was profiled by Forbes in the list of the world’s billionaires. He is also the co-founder of a firm known as Tory Burch LLC. Chris Burch is married to Tory Robinson who is a famous fashion designer. Over the years, Chris Burch has invested in different industries where he has emerged on top. He serves as a member of the board in numerous institutions such as the Rothman Institute Orthopedic Foundation.

Connect with Burch on LinkedIn.