Not many investors will be willing to bet $30million on an island in a third world country, especially if the country is all the way across the world from their main potential market. Well, that is what Chris Burch did in 2010. To make the story even more sensational and daring was the fact that before this investment, Chris Burch had never gotten involved in the hospitality industry. In 2010, he decided to move away from his comfort zone of companies such as C. Wonder and Tory Burch so that he could invest in the hotel business together with James McBride. The island underwent four years of renovation, after which it was opened in 2015. Exactly one year after the store opened, it was named the best hotel in the world. Check images of Nihiwatu and read more, hit businessinsider.com
A lot of work has gone into the remodeling of this hotel. When asked about the investment, Chris states that he did it for the sake of his children. He explains that he couldn’t have found a better way to preserve that beautiful part of nature for the future generations, while at the same time giving back to the community that surrounds the property. As a matter of fact, the hotel is the biggest local employer on the island and the surroundings in general.
When asked why he chose Nihiwatu, considering that there are countless other islands which have even better access to certain services, he stated that the idyllic landscape formed the perfect backdrop for the ideas he wanted to develop. He explained that the classic beauty of the natural surroundings made it possible for him to create features such as waterfalls to bejewel the hotel, getting impeccable services such as a butler in every room and many others. To read a relevant article of an interview with Burch, check here. He, however, added that he was pleasantly surprised by how profitable the venture had become, judging from the fact that most of these investments ended up being worth much less. The resort has been nicknamed the edge of the world because of its stunning beauty. Related article on forbes.com.
Chris is the founder and president of the Burch Creative Capital group of companies. He has been investing for close to five decades and has created quite an impressive investment portfolio for himself. He has had a direct hand in the development and success of more than 50 companies and has been using his experience in expanding his businesses even further. He is a truly inspirational businessman. For more of Burch, visit his website, click christopherburch.com.
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