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Exclusive Resorts property Esperanza in Los Cabos, Mexico – Image Credit Exclusive Resorts
Exclusive Investments, LLC has completed the acquisition of all outstanding shares of Inspirato Incorporated for $4.27 per share in an all-cash transaction, valuing Inspirato at approximately $59 million on a fully diluted basis.
Under the terms of the transaction, Exclusive Investments acquired all outstanding shares of Inspirato Class A common stock for $4.27 per share. The purchase price values Inspirato at approximately $59 million on a fully diluted basis. The transaction price represents an approximately 50% premium to Inspirato’s closing price on December 16, 2025, the last trading day prior to the original announcement.
Following the closing of the transaction, Inspirato became a privately held company. Its Class A common stock is no longer listed or traded on Nasdaq. The transaction was unanimously approved by Inspirato’s Board of Directors and by Inspirato’s shareholders. Inspirato’s largest shareholder and former Chairman and CEO, Payam Zamani, including through his affiliated company One Planet Group, voted the shares he controls in favor of the transaction.
In connection with the closing, Payam Zamani stepped down from his executive role at Inspirato. James Henderson, Chief Executive Officer of The Exclusive Collective and Exclusive Resorts, has assumed the role of Interim CEO of Inspirato. A search for a permanent successor is underway.
Exclusive Resorts is the flagship brand of The Exclusive Collective and operates as a members-only travel and experiences club. Founded more than two decades ago, the company provides its more than 4,000 members access to a portfolio of private residences, travel itineraries, and partner offerings, with assets valued at approximately $1 billion. The company has recently expanded into branded residential real estate, applying its existing ownership and hospitality model to the residential sector.
Legal and advisory support for the transaction included Latham & Watkins LLP as legal counsel to Exclusive Investments; Roth Capital Partners, LLC as financial advisor; and Davis Graham & Stubbs LLP as legal advisor to Inspirato.
The announcement marks the completion of the transaction and the transition of Inspirato to private ownership under Exclusive Investments.
