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Inspirato Incorporated reported company news as a luxury vacation club and property technology company providing access to curated vacation homes, five-star hotel and resort partner accommodations, and custom travel experiences. Recurring updates covered portfolio additions in Europe, Inspirato Bespoke luxury catamaran charters, operating and financial results, membership and occupancy metrics, governance changes, material agreements, shareholder voting matters, and capital-structure disclosures.
Company materials also document a completed merger after which Inspirato survived as a wholly owned subsidiary and its Class A common stock and warrants were removed from Nasdaq listing and Exchange Act registration. Later public-company references reflect that historical context.
Inspirato (NASDAQ: ISPO) has announced a historic sponsorship deal with the Colorado Open Golf Foundation, becoming the title sponsor of the Colorado Open Championships. This five-year partnership, starting in 2022, allows for equal purses of $250,000 for both men’s and women’s championships, with winners earning $100,000. The Inspirato Colorado Senior Open purse will also see an increase to $90,000. Additionally, Inspirato commits to being the largest donor to the First Tee - Green Valley Ranch program, emphasizing community support and equality in sports.
Inspirato Incorporated (NASDAQ: ISPO) has partnered with Rechler Equity Partners to add 37 luxury residences at Canoe Place in the Hamptons to its portfolio. The first 18 units are available for booking this summer, with a mix of two- to four-bedroom townhomes along the Shinnecock Canal. These new homes enhance Inspirato's presence in a prime vacation destination, catering to affluent subscribers. This expansion follows Inspirato's recent public listing, addressing increasing travel demand as pandemic restrictions ease.
Inspirato announced a record 2021 revenue of $235 million, exceeding guidance by $13 million and reflecting a 42% increase from 2020. The company reported a net loss of $22 million and an Adjusted EBITDA loss of $16 million. Cash flow from operations grew to $29 million, a 148% increase over the prior year. Additionally, Inspirato's active subscriptions reached a record 14,875, while its anticipated 2022 revenue is projected between $350 million and $360 million.
Inspirato Incorporated (Nasdaq: ISPO), the luxury travel subscription brand, will release its fourth quarter and year-end 2021 results on March 10, 2022. The results will be announced after the market closes.
A conference call and audio webcast will be held on the same day at 5:30 PM ET to discuss the results, accessible via the company’s investor relations website. Interested parties can also join by phone. An audio replay will be available post-call.