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.

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