Exclusive Investments LLC, the parent company of Exclusive Resorts, has agreed to acquire Inspirato Incorporated for $4.27 per share in an all‑cash transaction, valuing the company at roughly $59 million on a fully diluted basis. The deal represents a 50% premium to Inspirato’s closing price on December 16, 2025 and will result in the company’s delisting from Nasdaq. The transaction has received unanimous board approval and strong support from major shareholders, including Payam Zamani, who owns about 36% of the company and has pledged to vote in favor of the deal.
Inspirato’s most recent quarterly results showed a 20% year‑over‑year decline in revenue to $56 million, a net loss of $4.5 million, and an adjusted EBITDA of –$0.1 million. The decline was largely driven by foreign‑exchange headwinds that added $2.0 million to cost of revenue, while the company’s cost‑control initiatives helped narrow the loss and improve adjusted EBITDA by 97% compared with the same period last year. The company’s management highlighted that the loss reflects temporary currency impacts rather than a fundamental shift in demand for its luxury travel services.
The acquisition is part of Exclusive Investments’ launch of “The Exclusive Collective,” a new luxury travel and lifestyle platform that will combine the brands of Exclusive Resorts, Inspirato, and onefinestay. By integrating Inspirato’s technology, member base, and property portfolio, the collective aims to offer a broader range of high‑net‑worth travel options while preserving each brand’s distinct identity. The deal also follows Inspirato’s earlier, terminated merger with Buyerlink in September, underscoring the company’s ongoing efforts to secure a stable ownership structure.
Payam Zamani, Inspirato’s Chairman and CEO, said the agreement “provides immediate value to shareholders while placing the company in the hands of an owner with the resources and long‑term commitment needed to stabilize and grow the business.” He will step down as Chairman and CEO upon closing, and James Henderson, CEO of The Exclusive Collective, will serve as interim CEO. Henderson added that the private‑ownership structure will allow Inspirato to focus on execution, consistency, and value creation for subscribers, partners, and employees over the long term.
Investors welcomed the 50% premium and the all‑cash nature of the transaction, viewing it as a decisive exit that mitigates the risks associated with Inspirato’s recent financial challenges. The deal signals confidence from Exclusive Investments in the long‑term potential of Inspirato’s assets and customer base, and it positions the combined entity to pursue growth opportunities within the luxury travel market while benefiting from shared resources and cross‑selling capabilities.
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