“We believe the claims are without merit,” the Denver vacation company says.
“We believe the claims are without merit,” the Denver vacation company says.
Inspirato is accused of neglecting a 9,000-square-foot home, a landlord’s $58M loan lands in court, Punch Bowl Social sued by an architect, and more.
Inspirato CEO Payam Zamani has had to cancel plans to use Inspirato lodging this year in Aspen, Greece and Cabo San Lucas.
Inspirato reported a 20% drop in revenue and a 13% drop in members year-over-year in the third quarter.
The announcement ends a weekslong back-and-forth between the two companies founded by Brent and Brad Handler.
Brad and Brent have said they want to see the company they founded be bought by Exclusive Resorts.
The “mutual decision” comes after an accusation of self-dealing and a $39 million bid for Inspirato from Exclusive Resorts.
Brent and Brad Handler, who founded both Exclusive Resorts and Inspirato, have weighed in on the drama.
Payam Zamani said the $12.5 million he has put into Inspirato, which bought him 50 percent of the money-losing company, gives him the founder’s mentality.
The struggling travel club, whose previous CEO assumed the job last September, was recently granted a reprieve from its Nasdaq delisting threat.
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