Chris Burch is known for his incredible businesses that spawn fashion brands to real estate. His firms are focused on everything from brand development to managing venture investments. Today, he is taking on the world of hotels in a new way, buying out a beach hostel right outside of Bali in Indonesia. He bought it in partnership with James McBride, and they both decided to give this unknown hotspot a chance to succeed again. They invested about $30 million to renovate the entire place. It all started in 2012 ad took a mere few years to get it up and running once again. Read more about him on bjtonline.com.
They opened it back up to becoming a five-star resort, and today it is continuously growing with more people flocking to the one defunct area nearby Bali. With spending more than $30 million on the place, it’s no doubt the place has become what it is today. There is no joke that it has the potential to grow and move forwards. The beach hostel is now named, Nihiwatu, and they were voted to become the best hotel in the world by Travel + Leisure back in 2016. Check businessinsider.com. This goes to show that the brand is what it could become, and that there is no doubt the company definitely has a future.
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Burch had a goal to find an unknown place that he could renovate to help preserve another beautiful part of the area. He also wanted to give his children another place where he could relax and enjoy his day. Head over to entrepreneur.com to read more of his entrepreneurial views on matters around his area of interest.
Chris Burch is the man that knows exactly how to turn something into what it could potentially be. Chris Burch strives to maintain this area of the city and hopes that Nihiwatu continues to shine through and build a classy part of Bali to provide a sincere and quality experience.
Be updated with his latest innovative product in the market, visit https://www.inc.com/magazine/201106/chris-burchs-latest-cool-company.html