Chris Burch seems to have a magical touch on everything he lays his hands on. Not long time ago, Chris founded C. Wonder and Tory Burch, two retail brands that took over the international market in a sweep. In 2012, the investment mogul took his investment prowess to the hospitality industry, partnering with hotelier James McBride to acquire a beach hostel in Sumba Island, a remote Indonesian island. The two partners pumped more than $30 million in renovating the hotel to international standards. Three years down the line, the hotel was reopened under a new name, Nihiwatu. A year after reopening, the five-star resort was voted by Travel + Leisure as the number one hotel globally.
The Business Jet Traveler had a chance to interview the investment genius, in 2015, where he expounded on the idea behind Nihiwatu. Chris revealed that he had bought the hotel for his children with the hope of using it as an avenue to give back to the community. According to him, Nihiwatu gave him the chance to do things that maybe other people had not had a chance to. He admitted that the hotel’s impressive success was something he never expected, given the rare occurrence of investments going beyond the expectation.
The Hotel’s Facility
Nihiwatu resort is so big that Chris has a private home in it. The home was given the name Raja Mendaka and has a private house and four private villas which are available for guests, each fitted with a private plunge pool. Besides these, the hotel boasts unique 27 private villas. The hotel comprises of a wellness center where guests are treated to Yoga lessons from qualified Yoga instructors. Chris will be spending time in the resort on an alternating schedule with Miami and the Hamptons.
Contribution to the Immediate Community
True to Chris’ words, Nihiwatu is positively impacting on the lives of its neighboring community. On top of creating employment opportunities in the region, the hotel makes donations to the Sumba Foundation, a local community empowerment organization.
About Chris Burch
Chris Burch is an investment maestro, with interests in real estate, fashion, technology, and hospitality industries. He is famous for his internationally recognized brands, such as Tory Burch and Cocoon9. Chris is the founder and current chair of Burch Creative Capital.
Chris started his investment career while still pursuing his undergraduate degree at Ithaca College. His first investment was in Eagles Eye Apparel, a firm he co-founded together with his brother.