When Travel + Leisure calls your resort The Best Hotel In The World, which is what happened to Chris Burch in 2016, you know that your three years and $30 million was worth it. Nihiwatu, the five star resort on the Indonesian island of Sumba, started out as a beach hostel, however, Burch and hotelier James McBride say the potential of such a scenic property. The resort’s 27 open-air villas feature a pool and Sumbanese antiques and Ikat prints, making them ideal for a relaxing vacation; there is a beach spa where guests can get of tension as well. With ideal surfing conditions, a stable of horses, a wellness center and daily yoga sessions, guests never become bored. Burch believes in giving back to the local population; the resort is the island’s largest employer and a percentage of the resort’s profits go to the Sumba Foundation, which benefits the local community. Continue reading on businessinsider.com
Nihiwatu is not Burch’s first real estate venture; he has invested in luxury home development in Nantucket, Palm Beach, Florida and Southampton, New York, along with a hotel in Argentina. Nor is Burch’s philanthropy in Indonesia unprecedented; he has contributed to The Child Welfare League of China, Mt. Sinai Hospital in New York and The Henry Street Settlement. Additionally, Birch gave the Tilton prep school in New Hampshire $1.3 million in gratitude for all the school did for him while he was a student there.
As CEO and founder of Burch Creative Capital, Chris Burch invests in a number of diverse brands including ED by Ellen DeGeneres, Blink Health, Little Duck Organics and Cocoon9. The firm specializes in brand development as well. Burch became a billionaire in 2012 when he sold his interest in Tory Burch, his ex-wife’s fashion brand, which he helped establish in 2004. Related article on forbes,com. Two of Burch’s daughters launched their own fashion line, Trademark, which Burch invested in as well. Hop over to crunchbase.com for an update of Burch recent timeline activities.
Additional article to read on https://www.wsj.com/articles/tory-burch-co-founder-buys-miami-beach-tear-down-1489588776