After spending years in the fashion industry, Chris Burch has decided to get more involved in real estate. He recently bought a beach hostel on the Indonesian island of Sumba in the year 2012 with hotelier James McBride. Once he purchased this hostel, Burch spent over $39 million on renovations and made it into a five start resort known as Nihiwatu in the year 2015. Shortly after the development was completed, the Nihiwatu resort was voted as the best in the world by known publications such as Travel & Leisure in the year 2016, check this here.. The resort is therefore something that Burch will use as not only an investment but also as a gift to his family.
In a recent interview, Burch said that he bought this resort for his children and also as a way to give back to his community. Since the location was in a very nice area of the world, Burch believed that he can make some changes that would greatly enhance the quality of the resort. Some of these things include building a spa under a waterfall, have butlers in every room and also allow people to visit places where they have never been. Burch is very pleased to announce that the resort has turned out to be a much better quality resort than he expected.
Chris Burch has spent many years as a top entrepreneur in the United States. When he was attending college, he started up a fashion business, Refer to bjtonline.com for related articles. Burch would buy sweaters and then sell them for a profit. He would later make his own line of preppy sweaters to sell to consumers. The business was a huge success and this allowed him to establish himself in the fashion industry. Along with putting together his own line of sweaters, Chris would also become the co chairman of the Tory Burch fashion label with his then wife. By the year 2012, Chris would sell half of the company and later establish a new company known as Burch Creative Capital, click on burchcreativecapital.com for more about the company.This company was an entity that included all of his fashion brands and investment holdings.
More interesting articles on fashionista.com.
Along with founding companies in the fashion industry, Chris would then get involved in real estate. He would partner up with architect Philippe Stark and hotelier Alan Faena to put together the Faena Hotel and Universe. It would be built in Buenos Aires Argentina. He helped invest $100 million in the property. Burch would then invest in another real estate project known as the Faena House which was a development in South Beach. These real estate holdings would greatly lead to Chris enhancing his wealth and becoming a major participant in the real estate industry as well. Check this on bloomberg.com.
For further reference hit on http://www.forbes.com/profile/christopher-burch/
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Chris Burch in partnership with James McBride spent over $30 million in refurbishing an Indonesian beach hostel they acquired in 2012. They re-opened the five-star hotel in 2015 and called it Nihiwatu. In 2016, this leisure center was named the best hotel in the world by the Travel + Leisure.
When interviewed by Business Jet Traveler in 2015, Burch revealed that he bought the hotel for his children. He also added that this endeavor was an opportunity for him to give back to the community. This resort has 27 private villas, including Chris Burch’s home dubbed Raja Mendaka. This division has a main house and four other villas with private plunge pools. This home is also available to visitors who wish to spend their holiday there. This resort is one of the largest local employers on this Indonesian island. Nihiwatu also donates to Sumba Foundation, a non-profit organization that funds local projects to help the community.
Nihiwatu has an indoor & outdoor entertainment area and a two-story tree house. The tree house connects to the villas via a bamboo bridge. Additionally, the tree house has a private infinity pool and a living area. The resort walls are decorated with local wood, Sumbanese antiques, and Ikat prints. The resort offers spa services, which can be done at the beach and in the rooms. Nihiwatu has a wellness center that provides yoga sessions on a daily basis. The yoga instructors can offer private sessions customized to fit a customers’ needs.
About Chris Burch
Christopher Burch is a proficient entrepreneur and the Burch Creative Capital’s CEO. He is also the co-founder of a luxury fashion brand. Burch was named one of the richest men in the United States by the Forbes Magazine. Throughout his career, he has been involved in various businesses in the real estate, film, and fashion industry. Burch is a graduate of Ithaca College where he began his first business Eagle’s Eye Apparel. He was able to grow this business into a multi-million dollar enterprise before selling it.
In 2004, Burch and his wife, Tory, launched a fashion house and named it Tory Burch. He served as the co-president of the brand and owned 28 percent of the company. In 2012, the company was worth over $3.8 billion. He has also established other businesses including C. Wonder and Xcel Brands. Burch has acquired properties worth millions in Indonesia, Southampton, and Massachusetts. He has produced films, such as Watch it, which received lots of positive reviews from the New York Times.