Chris Burch is a renowned serial entrepreneur who has invested in several sectors including technology, fashion, and real estate. The founder of Tory Burch and C. Wonder, some of the outstanding brands under his name, has decided to venture a new sector, the hospitality segment. In collaboration with hotelier James McBride, Burch bought a beach hotel in the Sumba Island of Indonesia in 2012.
The entrepreneurial duo spent over $30 million in renovating the hotel before opening it as a five-star hotel by the name Nihiwatu. A year after the launch of the five-star hotel, it was named as the best hotel in the world by Travel+Leisure. After the completion of the hotel, Wall Street Journal revealed that the serial entrepreneur splits his time between his Miami home and the Indonesia-based resort. Check on architecturaldigest.com for additional article.
The state-of-the-art hotel has 27 private villas with one of them being Raja Mandeka, Chirs’ private home. Raja Mandeka has the main house and four more villas with each being equipped with a plunge pool.
Speaking with Business Jet Traveler in 2015, Burch stated that he build the resort for his children with the hope of preserving it and giving back to the community. He said being in such a tranquil environment can inspire one to do things he cannot do in other places. According to Chris Burch, Nihiwatu has turned to be more than he expected it to become.
About Chris Burch
Christopher Burch is the founding CEO of Burch Creative Capital and has been an active investor in several industries for over 40 years. Today, Burch boasts of having contributed to the rise of multiple technology companies and fashion brands such as Jawbone, Poppin and Voss Water.
Achieving these significant milestones didn’t come on a silver platter. According to bjtonline.com, he began his career in 1976 while he was an undergraduate student at Ithaca College. Burch and his brother invested $2,000 in starting Eagle’s Eye apparel. The business grew to be worth $165 million at the time they sold it to Swire Group. For an update with his recent timeline activities, hit on this.
The visionary serial entrepreneur has also invested in the real estate market developing luxury properties in Southampton, Florida, and New York. He later decided to venture the hospitality industry by partnering with hotelier Alan Faena in the development of Faena Hotel + Universe in Argentina. Recently, he strengthened his position in the hospitality industry through the development of Nihiwatu, a luxury hotel located in the Sumba island of Indonesia. More to read on businessinsider.com.
Take a quick tour to one of his awesome investment on https://www.forbes.com/sites/lauriewerner/2014/11/05/indonesias-next-wave/#2db20ae3e43e