Exclusive Resorts raises bid to buy Inspirato, valuing Denver luxury travel firm at $43.6M

Special Resorts offer to buy Inspirato just got more premium The Denver-based vacationing firm has upped its bid to takeover the publicly-traded company from a share to a share according to a Thursday offer letter That price values Inspirato the members-only luxury movement club at million up from million under the previous offer That figure does not include an additional approximately million that Particular Resorts says it would also spend to rid of Inspirato s debt pay off outstanding equity-linked securities and cover transaction expenses Specific mentioned it would spend million in all Unique CEO James Henderson called the bid our best and final offer Inspirato closed the day Thursday trading at a share a number that s up on the week so far Neither Unique nor Inspirato publicized the increased offer before markets closed The a share offer represents a premium on Thursday s closing price In an SEC filing Friday morning Inspirato reported it does not believe that this proposal is actionable Inspirato s board of directors will continue to consider all available options to advance the best interests of the Company and its stockholders the company explained The move comes after Inspirato broke off a deal to combine Inspirato with Buyerlink a digital marketing firm that Inspirato CEO Payam Zamani also owns A minority shareholder stated Inspirato s board that move reeks of self-dealing by Zamani before the firms informed the mutual decision to leave the bargaining table Zamani staunchly denies that claim and on Monday chalked up the deal falling apart to shareholder concerns Collective success requires a level of collective unity Zamani explained BusinessDen Monday And I think that with this transaction I wish there was more unity amongst everyone involved Zamani declined to answer specific questions when reached by BusinessDen on Thursday citing a non-disclosure agreement with Unique There are specific rules around what s disclosed and what is not and ongoing negotiations don t need to be disclosed every step up the way he stated Beyond that I have really no comment A spokeswoman for Unique also declined to comment Both Sole Resorts and Inspirato were started by brothers Brad and Brent Handler the former in and the latter in Related Articles Amazon s fraud matter against Denver developer Brian Watson moves forward after appeal Palantir plans to move office from downtown Denver to Cherry Creek Cherry Hills Village mansion sells for M tops August Denver home sales Redtail Overland evolves from rooftop tents to luxury k Skyloft Vans built in Boulder Sole Resorts makes M bid for Inspirato both founded by Denver s Handler brothers The pair sold their stake in Particular in to AOL co-founder Steve Occurrence who is still the private company s majority shareholder The Handlers left the company along with co-founder and Shark Tank alum Tom Filippini in and have no ownership in Specific Resorts they reported BusinessDen But despite a contentious departure from Inspirato the Handlers are still sizable shareholders in the company which went inhabitants in under their watch Brad owns of the company and Brent owns according to SEC filings Zamani joined Inspirato last August and beneficially owns of the company Both Handler brothers left the company s board around that same time Editor s note This story has been updated to include Inspirato s comment about the offer Read more from our partner BusinessDen