Inspirato to Go Public in $1.1 Billion Thayer Ventures Blank Check Merger
Skift Take
It's the latest validation of the subscription model in travel. Inspirato, which has 12,500 customers paying for its luxury travel subscription products, is merging with Thayer's special purpose acquisition company, or SPAC.
Inspirato, a subscription-based luxury travel company offering vacation rentals and apartment stays worldwide, announced on Wednesday its planned merger with blank check company Thayer Ventures Acquisition Corp.
The transaction would give the Denver-based Inspirato an enterprise value of $1.1 billion and would lead to its public listing on the Nasdaq stock exchange under the ticker symbol ISPO.
The merger is expected to close in the fourth quarter. Founder and CEO Brent Handler will continue to lead the company. His brother and co-founder Brad Handler will be executive chairman.
Inspirato has about 12,500 subscribers across two core products. Executives are projecting a 17 percent annual compound annual growth rate for subscribers.
Its subscription pass, launched in 2019, costs about $2,500 a month to book travel at vacation homes and hotels. Subscribers can pick from a list of trips that typically features mor
