After successfully co-founding and founding a number of internationally known brands like Tory Burch and C. Wonder, Chris Burch has ventured into the hotels and hospitality business. He partnered with James McBide, a hotelier, they purchased a coastline hostel based on a remote Indonesian Island in Sumba back in 2012. They put in a $30 million investment in renovations and transformed it into a five-star beach resort christened Nihiwatu, which was opened in 2015. In 2016, Nihiwatu scooped the Travel + Leisure award for being voted as the best resort in the world.
Burch’s Insight on Nihiwatu
In 2015, Burch discussed Nihiwatu in an interview with the Business Jet Traveler. Burch stated that he invested in this project for the sake of his kids and it would serve as a piece the family would preserve and support the community. He described Nihiwatu as a unique place in the world where guests can do things that are frowned upon in other establishments. These include having a spa under the waterfalls, getting a butler in every room or venturing into virgin territories where nobody has ventured before. Burch stated that he was shocked by what Nihiwatu has so far managed to turn into as it exceeded his expectations. The Wall Street Journal reported that Chris Burch spends time in Miami and in his Nihiwatu resort.
Nihiwatu resort is comprised of 27 private villas. This includes the Raja Mendaka, which is the private home of Chris Burch. The Raja Mendaka comprises of one main house and four other villas that have their own plunge pools. A one-bedroom villa goes for $750 per night during the low peak season. The Raja Mendaka is also available for guests at an estimated cost of $14,000 a night during the high-peak season. Additional article on businessinsider.com
Chris Burch is the founder as well as CEO of the Burch Creative Capital. The investment philosophy of the company is a true reflection of Burch’s apparition and industrial values. They include scouting new market prospects and the application of inventiveness, incubation, views, support and balance. This leads to disrupting companies as well as products that leave a lasting, direct and positive contact on the end user’s lives. Chris Burch has managed to participate in the rise of about 50 companies in the span of his about 40 year long career.
Burch is well known for combining his great understanding of consumer behaviors with direct and global sourcing experience. His brand portfolio includes the recent introductions like Cocoon9, ED by Ellen DeGeneres, Nihiwatu and Poppin. He also owns other previously established brands like Voss Water, Jawbone, Faena Hotel + Universe among others, check on bjtonline.com for more.
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