Exclusive Resorts raises Inspirato bid to $3.50 a share

Exclusive Resorts Increases Bid to Acquire Inspirato to $3.50 a Share

Exclusive Resorts has raised its offer to purchase Inspirato, the luxury travel club, from $3.15 a share to $3.50 a share, valuing the company at $43.6 million. This new bid also includes an additional $25 million to cover debt, equity-linked securities, and transaction expenses, bringing the total offer to $68.6 million.

CEO James Henderson described this as their “best and final offer,” representing a 14% premium on Inspirato’s closing price of $3.07 a share on Thursday.

Inspirato, however, stated in an SEC filing that they do not believe the proposal is actionable and will explore other options to benefit the company and its shareholders.

This development follows Inspirato’s decision to end a merger deal with Buyerlink, a digital marketing firm owned by Inspirato CEO Payam Zamani. The move was met with criticism from a minority shareholder who accused Zamani of self-dealing.

Despite their departure from Inspirato, brothers Brad and Brent Handler, who founded both Exclusive Resorts and Inspirato, remain significant shareholders in the company. Zamani, who joined Inspirato last year, beneficially owns 49% of the company.

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