Chris Burch is a globally recognized fashion and tech magnate who is known for initiating brands. Sometime back in 2012 he joined hands with James MacBride, and they bought some beach hostel in the Indonesian of Sumba region. Upon purchasing the property, they settled on remodeling it, an endeavor that cost them $30 million. Around 2015 they re-launched it as a five-star hotel, having branded it Nihiwatu. The resort became the beacon of beauty and magnificence not only in Indonesia but the entire world. In 2016 it caught the eye of Travel + Leisure, and they voted Nihiwatu, the finest hotel in the world.
Chris Talks About Nihiwatu Resort
While in an interview, Chris told Business Jet Traveler that the investment was meant for his children. He continued to explain that he hoped they would preserve it as a family so that it becomes the precious tool through which they give back to the society. Fascinatingly, the fame and beauty possessed by Nihiwatu was way beyond his expectations. In fact, he says that he had his anticipations but thought the outcome would be slightly less, which never was. The hotel is an actual edge of the wilderness, as it has been nicknamed.
Underlying Information About Nihiwatu Resort
Nihiwatu is a name meaning “mortar stone,” which was inspired by the name of the beach, which also derived the name from a rock formation process that happened on the surge. The hotel’s magnificence is a clear indicator that the duo embraces opportunities and highly values big investments as an alleyway to unparalleled success. The hotel has also contributed greatly to the economic state of the island by employing the Islanders. There is also a significant share of their profits that goes to the funding of the Sumba Foundation, an initiative that bankrolls projects meant to support the locals.
Basics Concerning Chris’ Background in Entrepreneurship
While still at Ithaca College, Chris began entrepreneurial initiatives, and that is where his success story started. He collaborated with Bob, his brother and they launched Eagle’s Eye Apparel. They grew the venture’s net worth to $165 million, after which they sold it to Swire Group. Throughout his life, Chris makes efforts to exhaust his ability to realize the connection between innovation and implementation.
Everything that Chris sets his hands on thrives. It could be attributed to his innate understanding of consumer response, as well as his aggressiveness. He also likes supporting upcoming entrepreneurs and encouraging them to build their brands.