Chris Burch partnered with James McBride to enter into the hospitality industry. In 2012 they bought a beach hostel on Subma, an Indonesian island of Sumba. $30 million were spent in renovating the hostel in which it reopened in 2015 as a five-star resort called Nihiwatu.
Chris Burch stated in an interview with Business Jet Traveler that his motivation behind buying into the hospitality business was for children and to give his children land that could be preserved and given back to the community. Nihiwatu is able to offer amenities that many other resorts cannot offer. It is in a remote and beautiful place where there is a butler in every room and a spa built beneath a waterfall.
In 2016, Travel + Leisure listed Nihiwatu as the best hotel. Wall Street Journal reported the Nihiwatu has a total of twenty seven private villas, including Burch’s private home: Raja Mendaka. Raja Mendaka has a main house with four additional villas, all with their own plunge pool. Burch shares his time between Raja Mendaka, the Hamptons, and Miami (architecturaldigest.com).
Christopher Burch is an influential investor in numerous businesses across a wide variety of industries including apparel/fashion, financial services, hospitality, real estate, technology and consumer products. He is also the co-founder of Tory Burch, a well-known luxury fashion brand.
While attending Ithaca college as an undergraduate student, Christopher Burch and his brother, Bob Burch, invested in Eagle Eye’s apparel – starting at $2,000. Eagle Eye’s business eventually grew to a $165 million business, which became the Burch’s first financial success. Related article on bjtonline.com. From a young age, Burch showed a talent, passion, and courage within the investment world that ultimately led to his success.
Mr. Burch is currently the Founder and CEO of Burch Capital Creative, a financial consulting company based in New York, New York. Burch Creative Capital’s diverse brand portfolio includes Cocoon9, ED by Ellen Degereneres, and Poppin.
More on Burch at https://ideamensch.com/chris-burch/