Chris Burch is a well-known businessman and an entrepreneur, with investments across major retail companies. He has been able to invest in various businesses ranging from the fashion industry to interior design and home furnishings; from technology companies to those that deal with organic food production and his most recent investment that was made in the hospitality industry.
Burch joined forces with another entrepreneur, James McBride in purchasing a building that once served ad a beach hostel. The duo then invested 30 million dollars in the subsequent and complete makeover of the place into a five-star hotel. The hotel was named Nihiwatu that opened its doors in 2015. The hotel is located on a beach in Sumba Island in Indonesia. The hotel makes profits some of which are given back to the Sumba foundation that helps fund some local community projects.
Burch initially did not think that Nihiwatu would make for such an excellent performance up to the point of being ranked as the best hotel in the world. The hotel houses a total of 27 villas inclusive of Burch’s own private residence (architecturaldigest.com). The residence goes by the name Raja Mendaka. Each of the 27 villas has its own plunge pools for maximum privacy. The hotel as the largest in the area naturally it will be a source of employment for a majority of the population in the area.
Burch says that he built the hotel as an investment and security for his children. Burch has extensive experience in entrepreneurship and business management which spans over forty years. In the forty years, over 50 companies can attribute their success to him and his investments. He says that the major reason for his success as an entrepreneur includes clearly understanding a consumers’ needs and behavior’.
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His type of branding, his vision, and values as an entrepreneur also propelled him to success. When he combined his own creativity and the opportunities available, Burch was able to build a brand and businesses that are having direct impacts that are long-lasting and positive for a consumer. Check inc.com. He also is diverse in his investments, he brainstorms, writes down important notes and works alongside his staff.
Keep up with Burch on Instagram.