After founding or cofounding several internationally known retail brands — C. Wonder and Tory Burch — and investing in several others, Chris Burch is taking his entrepreneurial eye to a new industry: hospitality.
Burch, together with hotelier James McBride, bought a beach hostel on the Indonesian island of Sumba in 2012. The duo spent $30 million renovating the hostel, then reopened it as a five-star resort called Nihiwatu in 2015.
Nihiwatu was voted the best hotel in the world by Travel + Leisure in 2016.
In an interview with Business Jet Traveler in 2015, Burch said, “I bought it read more >>>
Source : BusinessInsider.Com