Photographer: Aron Ontiveroz/The Denver Post/Getty Visuals

Inspirato, a startup specializing in luxurious travel, is in talks to go community as a result of a merger with a unique purpose acquisition firm in a offer valued at more than $1 billion, according to people today with expertise of the make a difference.

The Denver-primarily based firm is talking about a deal with Thayer Ventures Acquisition Corp., said the folks, who asked not be determined mainly because the make a difference is private. Terms could change and it is achievable talks could fall apart.

A representative for Thayer Ventures declined to comment. Inspirato didn’t straight away reply to a request for comment.

Inspirato, co-founded by brothers Brent Handler and Brad Handler, launched the “Inspirato Pass” in 2019. It lets clients e-book endless stays in luxury holiday houses, as perfectly as legacy five-star resort brand names these types of as Ritz Carlton, starting off at $2,500 a thirty day period with no other nightly charges or service fees. One more membership system, at $600 a month, provides booking privileges, while customers have to fork out supplemental nightly costs.