When fashion mogul Chris Burch and hotelier James McBride bought the Nihi Sumba Island in 2012, it was just a holiday hostel. Over the next three years, the two distinguished gentlemen in their fields worked hard to develop a five-star hotel which opened its doors in 2015. The investment cost the two investors more than 30 million American dollars and has paid off in kind. It has been voted the best hotel in the world for two years in a row by the Travel and Leisure Magazine, for 2016 and 2017. It has beat many viable candidates for the position, including former American president Obama’s preferred island luxury resort Brando. Related article here.
True to its reputation, the Nihi Sumba hotel, formerly known as Nihwatu and based on the Indonesian island of Sumba has 27 private villas each with its plunge pool and providing picturesque views of the Indian Ocean. The Raja Mendaka is Mr. Burch’s own private home, although it is open to the public for $14,000 a night throughout the year, it has four other villas within its walls. The other villas cost $750 a night in the low season and varying prices as the season progress. Check wingsjournal.com to read more.
So who is Chris Burch, you may ask. Well, he is a well-renowned entrepreneur with diverse interests in industries such as fashion, technology, real estate and since recently, hospitality. He started out his entrepreneurial career at a young age when he was still an undergraduate student at the Itchica College. At that time, he and his brother Bb Burch founded Eagles Eye Apparel and worked hard to grow it into a 165 million dollar enterprise before selling it out. Mr. Burch’s entrepreneurial career has now spanned over forty years and has placed him at the apex of multiple industries. Read more about him, visit his website, click christopherburch.com.
Currently, Chris Burch is the founder and chief executive officer of Burch Creative Capital. His other companies include such internationally recognized brands as Jobbin, Voss Water, Poppin, Faena Hotel+ Universe and since recently, Nihi Sumba Hotel in Indonesia. Mr. Burch has depended over the years in his ability to identify the continuum between innovation and implementation to build a business empire over which he is king. He has attained remarkable success by taking the time to study and gain a superior understanding of consumer behavior and years’ long experience in sourcing excellent infrastructure and direct to consumer channels. Beyond his businesses, Christopher Burch has sat on the boards of the Continuum Group and Guggenheim Capital. Read his insights on his field of interest, head over to ideamensch.com.
For an investor details and timeline activity update visit https://www.crunchbase.com/organization/burch-creative-capital#/entity