Chris Burch’s luxury resort, Nihiwatu, was voted as the best hotel in the world in 2016. The business was bought by the investor in 2012. He asserts that he did not expect such worldwide recognition due to its recent entry into the industry. However, the work and efforts that Chris Burch put into the resort made it to appeal to many people around the globe.
Burch is a renowned investor. The businessman has founded and co-founded several companies. He has also been involved in the growth of internationally recognized brands such as Tory Burch and C. Wonder. In addition, the entrepreneur has invested in others industries. However, he has never injected his capital in the hospitality industry.
When he finally decided to invest in the lucrative industry, the shrewd entrepreneur chose to partner with James McBride, an experienced hotelier. The duo bought the beach hotel in 2012 and spent over $30 million to renovate it. The renovation aimed at improving the hotel’s facilities and ensuring that its future clients enjoy a five-star experience during their visits. After the construction was completed, the Sumba island-based resort was renamed to Nihiwatu. Check this on businessinsider.com.
After opening the resort to the public, Burch told Business Jet Traveler that he bought the property for his children. The investor hopes that the investment would help in preserving the incredible scenery in the region as a way of giving back to the community. He added that besides the beautiful beaches and sceneries, the hotel has an outstanding spa under a waterfall.
Owing to the increased business at Nihiwatu, the tech-investor has been forced to split his time between the resort in Indonesia, The Hamptons, and Miami, check this article on architecturaldigest.com. Burch has a private home in the resort, which is named Raja Mendaka. It is made up of the main house and four additional villas. Each of the buildings has a private plunge pool. Nihiwatu has 27 private villas.
Christopher ‘Chris’ Burch is an American investor based in Miami. The fashion enthusiast is the founder and CEO of Burch Creative Capital, a renowned investment company. The company invests in startups and help them to grow into recognized businesses and brands. The corporation is behind the success of many companies.
In addition, the entrepreneur is affiliated with brands such as TRADEMARK, Poppin, Cocoon 9, and ED by Ellen DeGeneres. His investments are in the retail, apparel, organic, hospitality, and tech industries. Burch owns Solidus, Little Duck Organics, Chubbies, Blink Health, and BaubleBar. He is also known for writing many articles on fashion and other fields. Related articles on bjtonline.com.
For more of Burch visit http://christopherburch.com/chris-burch/