Chris Burch’s New Investment in the Hospitality Industry

Chris Burch is respected for his investments in the fashion industry. The fashion mogul recently invested in the renovation of a resort in an Indonesian island. Burch partnered with James McBride, a renowned hotelier, in renovating the resort. They spent $30 million in refurbishing the structure that was built in Sumba, an island found in Indonesia. The duo named the five-star hotel Nihiwatu and reopened it in 2015.

 

Since its opening in 2015, Nihiwatu has earned critical acclaim. In 2016, Travel + Leisure nominated the hotel as the best hotel globally. Burch spoke to Jet Traveler, one year before the hotel earned the prestigious recognition. He said that the reason he renovated the structure, was to preserve and utilize it as a platform for supporting the community. He also stated that he bought the property for his children. Nihiwatu comprises of 27 villas. One of the structures in Nihiwatu is Burch’s private home. It is known as Raja Mandeka. It consists of four villas with private plunge pools and a house.

 

Nihiwatu was labeled “The Edge of Wilderness” because it lies on the western coast of Sumba. The name Nihiwatu also refers to mortar stone. This name represents the mortar stones that lie beside the beaches of Sumba island. Nihiwatu has created several employment opportunities to the locals. Profits generated from the facility are usually donated to the Sumba Foundation, a community-based non-profit organization.

 

Exciting Features

 

Nihiwatu has two-storey tree houses that are interconnected by a bamboo bridge. Each villa found in the resort has a bathroom, bedroom, and balcony. Most of the structures in Nihiwatu are made of Sumbanese wood. Spa and surfing activities are also available.

 

Chris Burch’s Career Background

 

Christopher Burch, also known as Chris, is a successful American entrepreneur and investor who earned most of his wealth from the fashion industry. With his 40 years experience in entrepreneurship and investing, Burch has been instrumental in the rise of several business ventures. These include Jawbone, Voss Water, and Poppin. He began his professional entrepreneurship journey in 1976. Back then, he was a student at Ithaca College.

 

His first successful business venture was an eye apparel company. He created the company with his brother using a venture capital of $2,000. Eagle’s Eye later grew by amassing over $165 million in profits and was sold to Secure Group. Burch also invested in a tech startup known as Internet Capital Group. He attributes his investment career success to his ability to balance between innovation and implementation.

Leave a Reply