Chris Burch’s Entrepreneurial Journey: The Nihiwatu Resort Success
About Chris Burch
Chris Burch is a renowned entrepreneur. He has invested in diverse sectors including real estate, fashion, and technology.
His entrepreneurial journey began in 1976 when he was a student at Itchica College. He co-founded Eagles Eye apparel. The start-up grew rapidly to a net worth of $165 million. It was later sold to Swire Group. After the sale, he invested in Internet Capital Group
Chris is the current CEO of Burch Creative Capital. Check burchcreativecapital.com for more reading. The company has famous brands such as Cocoon9, Poppin, ED by Ellen DeGeneres and the Nihiwatu Resort.
Chris Burch’s Investments
Chris Burch is well-known for his internationally recognized retail brands (C. Wonder and Tory Burch). Related article on bjtonline.com.
In 2012, he shifted his focus to the hospitality industry. He paired up with James McBride, an hotelier, and bought a beach hostel on the west coast of Sumba, an Indonesian Island. Three years later, the hotel re-opened after a superb face-lift. It is estimated that the duo spent $30 million to renovate the hotel into a five-star facility. The resort was named Nihiwatu.
Nihiwatu has excellent facilities comprising 27 private villas. Each villa has a bathroom. Bedroom, balcony and a plunge pool that offers magnificent views over Nihi Beach and across the Indian Ocean. Additionally, the facility has a spacious indoor-outdoor entertainment area. Check this on businessinsider.com
Chris has turned one of the villas, Raja Mendaka, into his private home. Raja has the main house and four other villas. Some of the villas in Raja are available to guests at a relatively higher cost.
Nihiwatu is recognized for its perfect mix of modernity and the traditional culture of the Sumba. It offers an excellent display of the Sumba antiques and paintings. The beach hotel also has yoga sessions and is considered a haven for surfing. There are several waterfalls near the facility. The visitors go for excursions to the waterfalls through a blue lagoon where they can jump off the rocks and swim.
In 2016, the resort was voted the best resort in the entire world. The Travel + Leisure acknowledged the resort for offering the best services. The hotel which is popularly known as “The Edge of Wilderness” beat thousands of other resorts to emerge the best.
Burch and McBride have become the benchmark in the hospitality sector. Nihiwatu catapulted the duo into the peak of the industry. The resort has been awarded several awards for its serenity and top-notch services.
The success of the resort has encouraged them to invest more in the sector. They are planning to build more hotels in Costa Rica and Nicaragua. The new investments will target the millennial travelers.
Read insights from Burch on http://interview.net/chris-burch-of-burch-creative-capital/