Chris Burch with the help of his friend, James McBride, acquired a hotel in the Indonesia Island in 2012. This entrepreneur spent about $30 million restoring the hostel and named it Nihiwatu. In 2016, after it was officially launched, Nihiwatu was listed as the best hotel by Travel + Leisure. Check businessinsider.com for a related reading.
Chris Burch acquires an Indonesian Resort
According to Chris Burch, he acquired this piece of property for his children and also as a way to uplift the local community. Nihiwatu has provided jobs for hundreds of Indonesian nationals. Since the hostel was opened, Chris Burch spends a significant amount of time running its day-to-day operations. This hotel has 27 private villas each with a private plunge pool.
Nihiwatu is termed as “The Edge of Wilderness” due to its remote location. The hotel is situated on the west coast of the remote island. Chris Burch and his colleague acquired the hotel from a New Jersey couple and redeveloped it into the gem that it has become. Under Chris Burch’s leadership, the hotel is involved in various philanthropic activities and donates to the Sumba Foundation. This hotel offers a variety of entertainment options, including yoga sessions, plunge and infinity pools, surfing sessions, among other excursions. Nihiwatu provides services at affordable rates, and customers are guaranteed fun activities at all times.
About Chris Burch
Chris Burch is an entrepreneur and the chief executive of Burch Creative Capital. He has been in business for the last four decades. Chris Burch has interest in fashion, real estate, finances, consumer products, hospitality, and technology. According to bjtonline.com, Chris Burch is a graduate of Ithaca College, and his current net worth is $1.0 billion. Early in his career, he invested his time in the fashion industry, creating Eagle Eye Apparel. Having grown this business to a multi-billion dollar enterprise, he sold it. Then, he teamed up with his wife to set up Tory Burch fashion label. For update on his recent timeline activities, hit on crunchbase.com.
Chris Burch has since been able to set up numerous companies, including Burch Creative Capital, C. Wonder, and the Internet Capital Group. Chris Burch has invested in real estate ventures, such as Faena Hotel+ Universe and the Nihiwatu Resort. He has served on the board of Rothman Institute Orthopedic Foundation, the Continuum Group, and The Pierre Hotel. This serial entrepreneur spends his spare time with his children. Chris Burch is the father of Alexander, Elizabeth, Louisa, Henry, Nicholas, and Sawyer Burch. Read more about his creative vision and output, head over to burchcreativecapital.com.
Have a glimpse of his famous resort on https://www.forbes.com/sites/lauriewerner/2014/11/05/indonesias-next-wave/#2db20ae3e43e