Inspirato intends to keep traveling solo.

The Denver-based luxury travel firm said Monday that it had officially declined an unsolicited acquisition offer from Exclusive Resorts.

Exclusive, a fellow Denver-based vacation club, approached publicly traded Inspirato earlier this month seeking to take the company private for $3.15 a share. On Sept. 18, the company upped that offer to $3.50, a 19% premium on the company’s $2.95 share price at the close of trading Monday.

That higher offer valued Inspirato at $43.6 million, although that figure does not include an additional approximately $25 million that Exclusive Resorts said it would also spend to rid Inspirato’s debt, pay off “outstanding equity-linked securities” and cover transaction expenses. Exclusive said it would spend $68.6 million

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