Chris Burch, the founder of Tory Burch and other retail brands is now regarded as the owner of the finest resort in the world. Burch decided to build a five-star resort on a remote Indonesian Island after taking a peek at a beach hostel that was less than desirable. This five-star resort is now deemed as the finest resort in the world, putting Burch on the map yet again for a wise investment. As an entrepreneur, Burch is always seeking another opportunity where he can best get a return on his investment.
Burch didn’t take the leap alone, but joined hands with a well-known hotelier, James McBride for the transaction. The island of Sumba is where the resort is located, purchased by Burch and McBride in 2012. The hostel they purchased rang in at a price tag of $30 million dollars for renovations and the property. The two men re-opened it as a five-star resort, under the name of Nihiwatu in 2015. It didn’t take long for the resort to get the vote as the “best in the world”, getting that vote in 2016 by the Travel+Leisure Magazine. Check bloomberg.com for additional reading.
Business Jet Traveler did an interview with Burch in 2015, in which he shared the sentiment that he purchased the resort for his children. Burch sees his investment as a way to preserve something, leaving it better than he found it. He talked about the natural beauty of the location, and how it is easy to jump in and create something more because of how beautiful it truly is there. Burch also commented that the resort turned into something greater than he had anticipated. For the full interview, hit on bjtonline.com.
Chris Burch is the founder and CEO of Burch Creative Capital a company that he founded with the intent to invest in businesses to help them get started as well as give them the opportunity for expansion. Read more here. As an entrepreneur, Burch also has a knack for building brands, and helping them excel to another level. As of March 2013, Burch’s net worth was totaling $1 billion dollars, and has six children with his wife Tory, with whom he started fashion brand Tory Burch, LLC. Check huffingtonpost.com.