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Finance Fashion mogul Chris Burch built a five-star resort on a remote Indonesian island — and it's officially the best in the world

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Chris Burch bought Nihiwatu in 2012 and transformed it into a luxury resort. In 2016, it was voted the best hotel in the world.

You can stay in Chris Burch's private house for $14,000 a night. play

You can stay in Chris Burch's private house for $14,000 a night.

(Courtesy of Nihiwatu)

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 for my children and as a piece of something that I hope we can preserve and give back to the community. When you're in a place where the palette is so beautiful, you can do things that you can't do in other places: build a spa under a waterfall, go to places where no others have been, have a butler in every room."

"Nihiwatu has turned into more than I expected, which is rare because most times things turn into less."

According to the Wall Street Journal, Burch splits his time between Miami, the Hamptons, and his resort in Indonesia. Nihiwatu has 27 private villas, including Raja Mendaka, Chris Burch's private home. That particular section has a main house and four additional villas, each with its own private plunge pool.

Nicknamed "The Edge of Wilderness," Nihiwatu is on the west coast of Sumba, a remote Indonesian island.

Nihi is on the west coast of Sumba, a remote Indonesian island. play

Nihi is on the west coast of Sumba, a remote Indonesian island.

(Courtesy of Nihiwatu)

The name means "mortar stone," and the beach was originally named after a rock formation on the tide.

The name means "mortar stone," and the beach was originally named after a rock formation on the tide. play

The name means "mortar stone," and the beach was originally named after a rock formation on the tide.

(Courtesy of Nihiwatu)

In 2012, Chris Burch and hotelier friend James McBride bought what was then a beach hostel owned by a couple from New Jersey.

Chris Burch play

Chris Burch

(Matthew Eisman / Stringer)

Burch and McBride redeveloped the land and opened it as Nihiwatu in 2015.

Burch and McBride redeveloped the land and opened it as Nihiwatu in 2015, though they have since changed its name to Nihi. play

Burch and McBride redeveloped the land and opened it as Nihiwatu in 2015, though they have since changed its name to Nihi.

(Courtesy of Nihiwatu)

It has become the largest local employer on the island. A portion of the hotel's profits are also given to the Sumba Foundation, an organization that funds projects to help the local community.

It has become the largest local employer on the island. A portion of the hotel's profits are also given to the Sumba Foundation, an organization that funds projects to help the local community. play

It has become the largest local employer on the island. A portion of the hotel's profits are also given to the Sumba Foundation, an organization that funds projects to help the local community.

(Courtesy of Nihiwatu)

It has 27 private villas with plunge pools.

It has 27 private villas with plunge pools. play

It has 27 private villas with plunge pools.

(Courtesy of Nihiwatu)

Raja Mendaka, Chris Burch's private home, is also available to guests. It has a main house and four additional villas.

Raja Mendaka, Chris Burch's private home, is also available to guests. It has a main house and four additional villas. play

Raja Mendaka, Chris Burch's private home, is also available to guests. It has a main house and four additional villas.

(Courtesy of Nihiwatu)

Its plunge pool has views over Nihi Beach and across the Indian Ocean.

Its plunge pool has views over Nihi Beach and across the Indian Ocean. play

Its plunge pool has views over Nihi Beach and across the Indian Ocean.

(Courtesy of Nihiwatu)

It also has a large indoor-outdoor entertaining area.

It also has a large indoor-outdoor entertaining area. play

It also has a large indoor-outdoor entertaining area.

(Courtesy of Nihiwatu)

There are two, two-story tree houses on the resort. Connected by a bamboo bridge, both villas have a bedroom, a bathroom, and a balcony. The main treehouse also has a living area and private infinity pool.

There are two, two-story tree houses on the resort. Connected by a bamboo bridge, both villas have a bedroom, a bathroom, and a balcony. The main treehouse also has a living area and private infinity pool. play

There are two, two-story tree houses on the resort. Connected by a bamboo bridge, both villas have a bedroom, a bathroom, and a balcony. The main treehouse also has a living area and private infinity pool.

(Courtesy of Nihiwatu)

Traditional Sumbanese antiques, local wood, and Ikat prints are featured throughout.

Traditional Sumbanese antiques, local wood, and Ikat prints are featured throughout. play

Traditional Sumbanese antiques, local wood, and Ikat prints are featured throughout.

(Courtesy of Nihiwatu)

There is a beach spa available, but treatments can also be done in your own room.

There is a beach spa available, but treatments can also be done in your own room. play

There is a beach spa available, but treatments can also be done in your own room.

(Courtesy of Nihiwatu)

The wellness center offers daily group yoga sessions. Instructors can also hold private classes that are tailored to an individual's needs.

The wellness center offers daily group yoga sessions. Instructors can also hold private classes that are tailored to an individual's needs. play

The wellness center offers daily group yoga sessions. Instructors can also hold private classes that are tailored to an individual's needs.

(Courtesy of Nihiwatu)

The beach has always been considered a surfer's paradise. According to Nihiwatu's website, "Swells generated by the Southern Ocean storms travel thousands of kilometers across the Indian Ocean to meet our shores."

The beach has always been considered a surfer's paradise. play

The beach has always been considered a surfer's paradise.

(Courtesy of Nihiwatu)

The resort has a rule that no more than 10 surfers are allowed in the water at a time, and a surf slot costs $125 per person in the high season. Surf lessons are also available and cost $250 per person. The sessions are tailored to the amount of experience each person has.

The resort has a rule that no more than 10 surfers are allowed in the water at a time, and a surf slot costs $125 per person in the high season. Surf lessons are also available and cost $250 per person. The sessions are tailored to the amount of experience each person has. play

The resort has a rule that no more than 10 surfers are allowed in the water at a time, and a surf slot costs $125 per person in the high season. Surf lessons are also available and cost $250 per person. The sessions are tailored to the amount of experience each person has.

(Courtesy of Nihiwatu)

You can book excursions to nearby waterfalls through the resort. One trip includes a 90-minute trek to a blue lagoon where guests can jump off the rocks and swim. The trip costs $175 per person.

You can book excursions to nearby waterfalls through the resort. One trip includes a 90-minute trek to a blue lagoon where guests can jump off the rocks and swim. The trip costs $175 per person. play

You can book excursions to nearby waterfalls through the resort. One trip includes a 90-minute trek to a blue lagoon where guests can jump off the rocks and swim. The trip costs $175 per person.

(Courtesy of Nihiwatu)

A neighboring bay called Coconut Grove offers guests a calmer place to learn how to surf. The resort transfers guests by Safari jeep or boat.

A neighboring bay called Coconut Grove offers guests a calmer place to learn how to surf. The resort transfers guests by Safari jeep or boat. play

A neighboring bay called Coconut Grove offers guests a calmer place to learn how to surf. The resort transfers guests by Safari jeep or boat.

(Courtesy of Nihiwatu)

There are riding stables with a team of guides to take guests out on sunset beach horseback-riding trips. A resident horse whisperer also coaches guests how to connect with horses.

There are riding stables with a team of guides to take guests out on sunset beach horseback-riding trips. A resident horse whisperer also coaches guests how to connect with horses. play

There are riding stables with a team of guides to take guests out on sunset beach horseback-riding trips. A resident horse whisperer also coaches guests how to connect with horses.

(Courtesy of Nihiwatu)

Prices for a one-bedroom villa start at $750 a night during the low season. Burch's five-bedroom private estate costs around $14,000 a night in the high season.

Prices for a one-bedroom villa start at $750 a night during the low season. Burch's five-bedroom private estate costs around $14,000 a night in the high season. play

Prices for a one-bedroom villa start at $750 a night during the low season. Burch's five-bedroom private estate costs around $14,000 a night in the high season.

(Courtesy of Nihiwatu)

Burch and his partner McBride are also looking to expand and build resorts in Costa Rica and Nicaragua. They want to create resorts that are more accessible to the millennial traveler.

Burch and his partner McBride are also looking to expand and build resorts in Costa Rica and Nicaragua. They want to create resorts that are more accessible to the millennial traveler. play

Burch and his partner McBride are also looking to expand and build resorts in Costa Rica and Nicaragua. They want to create resorts that are more accessible to the millennial traveler.

(Courtesy of Nihiwatu)