A 2012 investment made by billionaire Christopher Burch went largely unnoticed in the business world. That is, until Burch spent three years and $30 million renovating the Nihi resort. The Nihi, a five star resort located on the Indonesian island of Sumba, was reopened in 2015 under the leadership of legendary hotelier James McBride. It took but one year for Christopher Burch’s brain-child to become the number one rated hotel on the Travel & Leisure list. Readers of Travel & Leisure voted Nihi to be the number one hotel in the world in both 2016 and 2017. Check this article on businessinsider.com.
Christopher Burch has a long and storied history in the business world. He is the business mind behind a business line operated by his wife Tory. Burch is also the founder of C. Wonder, a company that sells apparel and home decor items to consumers via QVC. The investment company founded by Burch, Burch Creative Capital, has invested in ventures such as Little Duck Organics, Powermat, NextJump, and Jawbone. Click burchcreativecapital.com for a look at his impressive investment portfolio.
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Christopher Burch’s first foray into the real estate and hospitality department took place a decade ago. Burch invested in Faena Hotel And Universe in Buenos Aires. This project was led by fashion designer Alan Faena and industrial designer Philippe Starck. The trio, along with other investors took a building that had once been a grain factory and converted it into a five star hotel.
The Nihi, formerly known as the Nihiwatu was originally owned by Claude and Petra Graves. In the mid-nineties the Nihiwatu was in crisis due to the Asian financial crisis and health and social welfare issues prevalent among Sumbanese Islanders. The Graves and a visiting entrepreneur would eventually develop a 20 year plan to combat these problems that would result in the creation of the Sumba foundation in 2001. The foundation provides drinking water, educational and economic opportunities and aid to fight malaria in local communities. This work is done with donations received from visitor donations and corporate contributions. For updates on his recent timeline activities, hit crunchbase.com.
Christopher Burch would learn that the Graves were looking for investors and asked James McBride to investigate the opportunity. McBride became enamored with the island’s tribal atmosphere. Burch and his three sons would visit the property later the same year. Shortly afterwards, Christopher Burch acquired the resort and many acres of protected land from the Graves and appointed James McBride in charge of managing and developing the resorts concept. McBride would also be entrusted to market the resort to a broader more global community. For more of the resort, hop over to forbes.com.
A note-worthy article on https://www.entrepreneur.com/article/222766