Chris Burch loves the opulence that various hotels offer to their guests, so it probably comes as no surprise that one of his latest and biggest investments has been at such a beach hotel in the remote Sumba Island in Indonesia. This resort is Nihiwatu Resort which was originally just a hostel owned by an American couple, but Burch decided to buy it from them and build many beach villas and fine dining spaces in addition to hiring some of the finest masseuses to tend to visitors to make this place a place of dreams. If you were to visit, you’d be greeted by spectacular scenery at the oceanfront and on the trails that wind around the island, and it’s the perfect escape when you need one. Burch himself often travels here to his home that he had built when he purchased the resort.
Burch has founded and invested in a lot of companies over the years, and most of his current portfolio is managed through his flagship company, Burch Creative Capital. The idea behind this company is not just to invest in any new company out there, but to find companies that are run by strategic thinkers and creators. Companies that are either currently being invested in or that have previously been invested in include Powermat, Actua, Voss Water, Snowe Home, Brad’s and C. Wonder. Burch even has encouraged people to buy gifts for loved ones through some of his companies.
According to bjtonline.com, Burch started his entrepreneurship back in 1976 when he was attending Ithaca College in New York. His business gig was simple in buying custom-made sweaters at a nearby factory and selling them around campus for a profit. He grew this gig into a multi-million dollar company known as Eagle Eye Apparel within a few years and he co-owned it with his brother for over 20 years. About five years after selling this company, Burch also partnered with his then wife Tory Burch, a renowned fashion model to open a brand new women’s brand that was featured on several daytime shows prior to its launch. For more, check inc.com.
Read more of his entrepreneurial views on https://www.entrepreneur.com/article/222766
Burch’s real estate purchases started back in the mid-2000s when he teamed up with Argentinian contractor and real estate mogul Alan Faena to build the 5-star Hotel + Universe in Buenos Aires. He also spent several years flipping homes that he purchased across New York, Connecticut and Massachusetts. Nihiwatu Resort was purchased in 2013 in a partnership with investor James McBride and has undergone $30 million in development.
Keep up with Burch, follow him on LinkedIn.