Chris Burch Says Nihiwatu Resort Is His Way Of Giving Back To The Community

Chris Burch has started many companies and given other entrepreneurs the financing they need to turn their ideas into their own businesses, but he’s also applied his creativity to hotel building and used it when opening Nihiwatu Resort on Sumba Island (businessinsider.com). This resort has over 27 beach villas that not only rank as some of the world’s most beautifully-designed buildings, but also have luxurious comforts for their guests inside. Burch invested $30 million in the property not only to turn it into a world class comfort, but also to make it environmentally clean and to have something his children could enjoy in the future and as a way to give back to the local communities. Visitors from all over travel to this hotel annually and its become featured in Travel & Leisure magazine.

Chris Burch was the founder of Eagle Eye Apparel in 1978, a retail company that began as a door-to-door sweater sales business but in just a couple years had grown to a $100 million-dollar sales company and at its peak had 50 stores in operation. Burch was co-owner of this company for over 20 years before selling it off in the late 1990s. Burch launched several other fashion brands in the years following Eagle Eye Apparel’s sale including Tory Burch and C. Wonder. Besides the fashion industry, Burch also invested in private equity firms including Guggenheim Partners and the Internet Capital Group.

Chris Burch formed his startup investment company, Burch Creative Capital in 2008 and it became the incubator for companies like Voss Water, Pypestream, Next Jump, Powermat and Brad’s. It also became a partner and holder for several real estate and hospitality companies including the Faena Group. This development corporation first partnered with Burch back in 2004 when a feature Buenos Aires 5-star resort known as the Faena Hotel + Universe was built. Burch started buying up other prominent residential properties across the east coast including a $14 million home in New York that he renovated in just three months and sold for $25 million (architecturaldigest.com). Nihiwatu Resort was added to the portfolio after Burch and James McBride acquired the hostel that was on the island at the time. Along with starting up businesses and buying real estate, Burch has pursued other hobbies including producing a movie in 1992 known as “Watch It.” He also has contributed $3 million to the Tilton private school in New Hampshire.

More at https://ideamensch.com/chris-burch/