Christopher Burch bought a surf resort on the Indonesian island of Sumba in 2012. He then proceeded to completely overhaul it, spending about $30 million in the process. The five-star Nihi Resort started accepting guests in 2015 and has proven to be a sensational place to stay. It is managed by James McBride who is a notable hotelier with decades of experience in the industry. In 2016 it was placed on the 100 best hotels in the world list that Travel & Leisure produces each year. Even more impressively, the readers of this magazine voted the resort as the #1 hotel in the world for two years running, 2016 and 2017. Other publications such as the Telegraph and Condé Nast Traveler have also given awards to the Nihi Resort. Check forbes.com for more reading about the resort.
Chris Burch is a billionaire who has founded many successful brands over the years. Many of these have been in the fashion industry. Along with his former wife, Tory, he had launched Tory Burch which is a global brand of women’s clothing and accessories. Another brand he established is C. Wonder which is a home decor and apparel company that sells its products directly to consumers on the tv shopping channel QVC. He also owns and serves as the CEO of Burch Creative Capital which invests in a range of other companies such as Jawbone, Powermat, and Little Duck Organics to name a few. Read a relevant interview of him on entrepreneur.com.
This wasn’t the first time that Chris Burch was involved in the hospitality industry. He also was one of the main investors in the Faena Hotel and Universe that was built in Buenos Aires. The structure was originally a turn-of-the-century grain factory. Burch joined the fashion designer Alan Faena and also Philippe Starck, and industrial designer, in transforming this building into a five-star hotel. Additional article to read here.
Chris Burch launched his first company in 1976. He was still a student at Ithaca College at the time but he and his brother, Bob, established an apparel company with just $2000. This company, Eagle’s Eye Apparel, went on to have phenomenal success. Chris and Bob eventually sold it another company, the Swire Group, for $165 million. Refer to bjtonline.com for a related article.
As a philanthropist, Chris Burch has donated both his time and expertise to a number of causes. Among these is the Rothman Institute Orthopedic Foundation for which he was a board member. He has also provided large grants of money to other causes such as Mt. Sinai Hospital, the Sumba Foundation, and The Child Welfare League of China. Read the investor details here on crunchbase.com.
Learn more about his impressive business portfolio here, visit http://www.burchcreativecapital.com/portfolio/