Chris Burch Delves Into Hospitality through Investing in Nihiwatu
Chris Burch is a renowned investor prominently known as a fashion mogul. He is famous for finding a connection between fashion and technology and utilizing the relationship to build businesses. After establishing several international retail brands, Chris Burch delved into the hospitality industry. Joined by James McBride, a guru in hospitality, Chris Burch invested in a hotel in Sumba Island. In 2012, the duo parted with $30 million in the renovation of the hotel that is now known as Nihiwatu. The five start luxurious parlor offers high-quality services bordering sumptuous meals and comfortable resting rooms.
Nihiwatu has been an excellent service provider given that in 2016, it was voted the best luxurious hotel by Travel + Leisure. In 2015, Chris Burch was interviewed concerning Nihiwatu. When he was asked why he invested in Nihiwatu, he said that he acquired Nihiwatu because he wanted to give back to the society. It is also an investment package for his children, he added. Chris also stated in the interview that Nihiwatu offers a variety of leisure services and that is another reason for establishing it. It allows him to enjoy being in a different environment. According to him, Nihiwatu has offered more than he expected to have on the entire investment. The Wall Street Journal highlighted that Chris Burch spends most of his time in Nihiwatu where he has 27 villas coupled with a private plunge pool. Continue reading on businessinsider.com.
Nihiwatu is located on Sumba Island. The Indonesian hotel offers luxurious fun services coupled with sea food. The name Nihiwatu means mortar stone. The hotel is the best and largest employer in Sumba Island. Some of the profits generated by the business are channeled to charity. This is done through the Sumba Foundation. The organization funds societal projects that assist the less fortunate in Sumba community.
Christopher Burch was born in 1953. He is a renowned entrepreneur who has established several companies. He is the president as well as the chief executive officer of Burch Creative Capital. This is a New York-based firm that manages capital and venture investments in addition to brand development. To read more about Burch, click this important link.
For Burch’s insight on things, click this interview of him on interview.net.
Chris is also the co-founder of Tory Burch LLC. In 2012, Forbes Magazine named him a billionaire. Apart from his investments, Chris Burch is a business partner to many individuals including Ellen DeGeneres. Under his insightful leadership, Burch Creative Capital combines his talent in business and client’s demands to produce high-quality products as well as services. The mission of Chris’ activities is to satisfy the customer’s needs. For updates on his timeline activities, hit on crunchbase.com.
A must-read interview of Burch here on http://www.ceocfointerviews.com/interviews/ChrisBurch-BurchCreativeCapital17.htm