Chris Burch is familiar because he has business interests in famous brands such as Tory Burch. He is an entrepreneur who has begun successful firms or joined other in creating profitable ventures. In 2012, in partnership with hotelier James McBride, Burch bought a beach hotel from a New Jersey couple. The hotel is located in Sumba Island, Indonesia. Burch and McBride were interested in developing the hotel into a sensational tourists’ attraction. The two spent a whopping $30 million in reconditioning the beach hotel into a five-star resort referred to as Nihiwatu which means “mortar stone.” Check this here.
Additional article to read on architecturaldigest.com.
With a huge amount invested, the hotel now features luxurious villas, tree houses, and five-star auxiliary services. Nihiwatu has 27 villas including Burch’s private home, Raja Mendaka. All the villas have plunge pools with beautiful views of Nihi Beach and the Indian Ocean. It costs $750 per night to rent a private villa in the off-peak season. Raja Mendaka cost $14000 per night during the high season because the villa has a main house and four other sub-villas within it, and it also has expansive indoor and outdoor entertaining space. The architectural design of all the villas incorporates traditional Sumbanese antiques, local wood, and Ikat prints. More related reading on forbes.com.
Burch and McBride made sure that outstanding services complement the beautiful structures in the beach. Spa treatments are not only available outdoors on the beach but also in the rooms on request. The wellness center offers regular group yoga sessions, and instructors are free to provide private classes on demand. Nihiwatu is slowly gaining popularity with surfers because of its strategic location on the path of swells emanating from the Indian Ocean. Surfing is highly regulated in the hotel to minimize the chances of an unlikely event occurring. Surfers have to part with $125 in the peak season. Tourists interested in surfing classes have to part with $250 for excellent surfing classes provided in Coconut Grove—a calm bay for novice surfers to learn the ropes. Excursions are also available to tourists at $125 per person.
The locals around Nihiwatu are proud of the hotel. The hotel has provided employment opportunities, and to top it up it runs a foundation that contributes to support local projects. Burch is pleased that the investment turned out to be overwhelmingly successful. Hit on crunchbase.com to read an overview of his diverse successful investments.
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Chris Burch has an eye for revolutionary investments. Since his undergraduate days, Chris has run successful businesses, and he is still on the look-out for promising ventures. Chris Burch is renowned as the CEO and founder of Burch Creative Capital.
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