After co-establishing and founding many internationally-known brands such as Tory Burch and investing in other ventures, Chris Burch’s entrepreneurial eye has now focused on the hospitality industry. Together with James McBride, a renowned hotelier, Burch acquired a beach hostel in 2012. The property is situated in Sumba, an Indonesian island. In 2015, they spent $30 million to revamp the hostel and re-launch it as a five-star resort known as Nihiwatu. In 2016, Travel + Leisure recognized it as the best hotel in the world.
While speaking to Business Jet Traveler in 2015, Burch posited that he acquired the property for his children. According to him, they will be able to preserve the environment and the property as a means of giving back to the community. He noted that when a person is in a space where the palette is amazing, such an individual can do things that they cannot be in a position to do in other places. The resort has a spa below a waterfall, exotic places, and a butler in each room. Burch said that Nihiwatu had exceeded his expectations. More of this on bjtonline.com
The Wall Street Journal points out that the successful entrepreneur spends his time between the Hamptons, Miami, and Nihiwatu. The resort has 27 private villas that includes Raja Mendaka, Burch’s private home. The villa has a main house with four additional villas and a private plunge pool.
Chris Burch is an internationally respected serial entrepreneur. He has invested in multiple industries, including the rewarding real estate business as well as technology, and fashion industries. Burch began his career while he was an undergraduate student at Itchica College. Alongside his brother, Bob, Burch founded Eagles Eye apparel. The pair invested $2000 in the business. When they were selling the company, it was worth $165 million. Chris was among the first investors in the Internet Capital Group, a famous IPO story in the internet realm. Related article on mashable.com.
In the four decades that Burch has been in business, he has contributed to the growth of several ventures in technology and luxury brands. His investment portfolio consists of the development of luxury homes in Palm Beach, Florida, Nantucket, New York, and Southampton. Read more about Burch, visit christopherburch.com. In his other real estate ventures, Burch has partnered with hotelier Alan Faena and Philippe Stark to redevelop a parcel of land into the Faena Hotel + Universe in Argentina. He is also affiliated with renowned brands such as Cocoon9, Poppin, and ED by Ellen DeGeneres.