The famous fashion guru and investor Chris Burch started his hospitality career with a five-star resort on a remote Indonesian island. The resort named Nihiwatu is actually a renovation to an old beach hostel and reopened it in 2015 after spending $30 million for renovation. Interestingly, Nihiwatu is voted as the best hotel and resort in the world by the famous Travel + Leisure magazine in 2016. It was in 2012, Burch joined hands with hotelier James McBride and bought the hostel located in Sumba, an Indonesian island.
“I purchased it for my children and for the community, as we hoped to preserve it and give back to them. When you are in areas where the palette is beautiful, you will find more options that you can’t do in other areas. It includes building spa under waterfalls, has Butler in all the rooms, goes to places where nobody been, and more,” Burch explained his inspiration for the project in a 2015 interview. “Nihiwatu was surpassing my expectations, and it is unusual, and in most cases, it falls short.” Per the reports of the Wall Street Journal, Chris is shuttling between the Hamptons, Miami, and Nihiwatu. Nihiwatu has 27 private villas, and Chris has a private home in it named Raja Mendaka. The private home has four additional villas along with the main home, and each has the plush of own private pool.
Chris Burch is the Founder and Chief Executive Officer of Burch Creative Capital, a venture capital firm that predominantly invests in consumer goods and lifestyle brands in home furnishings, apparel, retail, etc. During his more than 30-years career as an entrepreneur, Chris played an important role in raising at least 50 companies. His deep understanding of consumer behavior has helped him to make each of his ventures highly successful. His ideology in investments is, create, incubate, assist and support, and grow as a disruptive brand. Chris believes that successful investment also includes creativity, and he adds innovation to make a significant impact to it.
He is also a well-known name in the fashion industry with his brands Tory Burch and C. Wonder. Both are known for customized fashion products in clothing, jewelry, electronics, handbags, health and fitness products, Beauty, Kitchen, etc. Burch is also known for his investments in real estate industry and did a number of investments in old style luxury homes by buying it, renovate, and sell for a better profit and value. Burch is a man known for building brands, wherever he invests.