Nihiwatu Marks Chris Burch’s Entry to the Hospitality Industry

Chris Burch is a renowned real estate, fashion, and technology investor. He is associated with some of the most reputed brands in the world including Tory Burch and C. Wonder. After investing in all these industries, the entrepreneur decided to diversify into the hospitality sector. In collaboration with James McBride, Burch bought a beach hostel located on the Sumba Island of Indonesia in 2012. After a two-year renovation exercise that cost $30 million, the duo reopened the hotel in 2015. The hotel was named as Nihiwatu and was opened as a five-star resort. Just a year after its opening, Nihiwatu was honored as the best hotel in the world by…
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