In 2012, Chris Burch together with James McBride bought a beach hostel that was owned by a couple that originated from New Jersey. The beach hostel was in the remote Sumba Island in Indonesia. A total of $30 million was used to renovate the hotel into a five-star resort that was named Nihiwatu in 2015. Nihiwatu has acquired a nickname “The Edge of Wilderness.’ Additional article to read on businessinsider.com
The name Nihiwatu means a motor stone, a rock that was named after formation of a rock on the side. The hotel has become a source of employment to the Indonesian locals. As part of giving back to the community, a portion of the hotel’s profit is channeled into the Sumba Foundation. It is a foundation that funds projects that aim at helping the Sumba community.
In 2016, Travel and Leisure voted this five-star hotel as the best hotel globally. In 2015, in an interview with Business Jet Traveler, Mr. Burch said that he had bought the hotel for his children. He mentioned that he has hopes that it is something that can be given back to the community. For the full article, click on ceocfointerviews.com. He was also impressed with what the hostel had turned to be since most times things turn out to be less than the set expectations. The five-star hotel has got 27 private villas in it including a private room for Mr. Burch and Raja Mendaka.
Born in 1953, Christopher Burch has been an active entrepreneur and investor in several companies. Mr. Burch has a total of 40 years’ experience as an investor. He has taken part in the rise of more than 50 corporations and luxury brands. It has become possible through studying the behavior of consumers and coming up with innovations that have got a positive impact. He is the founder and the Chief Executive Officer of Burch Creative Capital. Chris is also the founder of Luxury Fashion Brand. Chris has served as the board member of two companies namely The Continuum Group and Guggenheim Capital. More to read about Burch here.
Mr. Burch began his career in 1976. At this time he was still an undergraduate student at Ithaca College. Burch made his first investment of $2,000 to start Eagle’s Eye together with his brother Bob. The business thrived to $165 million. They later sold it to Swire Group. Mr. Burch was among the first investors in Internet Capital Group. He has invested in several real estates both locally and internationally. Chris is part of the investors who have been involved in the development of luxury homes. Check forbes.com
An important interview of Burch on http://interview.net/chris-burch-of-burch-creative-capital/
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 insights and views from Burch on things around his field of interest, hit this.
Chris is also the co-founder of Tory Burch LLC. In 2012, Forbes Magazine named him a billionaire. Check forbes.com. 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 update on Burch timeline activities, click on crunchbase.com.
To read and learn more about Burch, visit http://christopherburch.com/