Billionaire investor Christopher Burch in 2012 together with hotelier James McBride purchased a resort located on the remote Indonesian island known as Sumba. The duo spent three years and close to 30 million dollars to redevelop and renovate the hotel into what is now a five-star resort called Nihi. The hotel has grown rapidly, and within a year after it was launch it started making headlines in the media outlets. The hotel was voted as the best 5-star resort by Travel and Leisure. Travel and Leisure Magazine readers voted Nihiwatu the number one hotel in the list of top 100 best hotels for two consecutive years that is in 2016 and 2017. Besides Nihi resort has won numerous awards from other publications such as Conde Nast Traveler and the Telegraph among others. More of this on businessinsider.com.
Chris Burch is the person behind successful brands such as Tory fashion label and C. wonder among others. Burch is a serial entrepreneur and has invested in several companies including Little Duck Organics, Powermat, Next Jump, and Jawbone. Nihi is not the only 5-star resort Burch has invested in. A decade ago Burch together with other notable investors invested in the Faena Hotel and Universe in Buenos Aires and were able to convert a grain factory into a five-star hotel.
Nihiwatu resort previous owners were a couple, Claude and Petra Graves. The couple after camping at the beach for several years established the resort which served as a small paradise for surfers. A financial crisis and unmitigated health issues forced the couples to sell the resort to Chris Burch.
Nihi resort under Burch and McBride leadership has greatly changed. However, they chose to maintain some of the things such as the Sumba Foundation which was founded by the Graves to help the community around. The two partners are still committed to supporting the foundation, and in so doing a portion of the resorts profit goes to the foundation. In addition, Nihi resort is the largest employer in the island. To learn more about the awesome resort, check forbes.com.
About Chris Burch
According to bjtonline.com, Christopher Burch began his entrepreneurial journey while he was still an undergraduate student at Ithaca College in New York. Burch together with his brother Bob invested 2000 dollars in startup Eagles Eye apparel. The company was involved in the business of buying and selling colorful woolen sweaters at the campus which grew to be worth more than $60 million at the time they were selling. For his timeline activity update, hit on crunchbase.com.
Chris Burch is also the founder and CEO of Burch Creative Capital. Burch has over five decades worth of experience in entrepreneurship and has contributed to the building of more than 50 companies in different industries such as fashion, hospitality, and technology. For continued reading, visit http://www.burchcreativecapital.com/