Chris Burch’s Nihiwatu Is Voted The Best Hotel Worldwide
Chris Burch is a renowned investor who has made a name for himself in the retailing industry. The fashion mogul is known for his successful retail brands, including Tory Burch. In 2012, the entrepreneur ventured in the hospitality industry investing in a five-star hotel, Nihiwatu. After being in business for one year, Travel + Leisure voted Nihiwatu the best hotel worldwide in 2016. Speaking to Business Jet Traveler, Chris said that the superior performance of Nihiwatu exceeded his expectations. He bought the property as a treasure for his children and intends to preserve it as a way of giving back to the community.
Chris Burch partnered with hotelier, James McBride, to buy the beach hostel in the Island of Sumba in Indonesia. They invested $30 million towards the rehabilitation of the facility, which they launched in 2015 as Nihiwatu. The resort has 27 private Villas, including Chris’ private home, each with plunge pools. The entity has also embraced the Sumbanese culture on its décor. Nihiwatu has an outdoor and indoor entertainment area, a wellness center for yoga sessions, and other fun activities like surfing, field excursions and horse riding. It has become the largest source of employment to the locals. Check this on businessinsider.com. In addition, Burch distributes a portion of the hotel’s profits to the community.
Over the years, Chris Burch has invested in different industries through his corporation, Burch Creative Capital. He serves as the CEO of the corporation. Some of the notable ventures that are affiliated with Chris are Jawbone, Faena + Universe, Poppin, and Voss Water. More of this on ideamensch.com. Burch ventured into entrepreneurship in 1976 while he was still in college. He partnered with his brother to establish Eagle’s Eye apparel. They enhanced the growth of the company to have an asset base of $165 million before selling it to Swire Group. Burch is regarded as one of the pioneer investors in the Internet Capital Group, a popular IPO story online. Notably, he focuses on innovation and implementation of set goals to achieve success in his investments.
Chris Burch has demonstrated continuous authority in the field of investment. He combines customer understanding, market trends, and superior sourcing to come up with innovative products and services. He has also invested in the development of real estate projects, including luxury properties in Palm Beach, Southampton, Nantucket, New York and Florida. He is the brain behind C. Wonder, an apparel, home décor, and accessories retailer. C. Wonder collaborated with Ellen DeGeneres to establish ED. Some of the other notable brands that are affiliated with Burch are Cocoon9, TRADEMARK, Bur+Mah, Blibk Health, Baublebar, Chubbies, Little Duck Organics, Brad’s Raw Foods and Soludos. Hop over to fashionista.com for more reading.
For more of Burch, visit http://www.burchcreativecapital.com/press/