Investor Presentation

INSPIRATO Inspirato is priced at a compelling valuation for PIPE investors Traditional Consumer Platform Supply/ Subscription Leaders: bumble chewy hims hers NETFLIX matchgroup PELOTON Spotify Online Travel: TEV / FY22E Revenue Median Multiples 3.0x 5.3x 4.4x 4.3x 3.2x All Peer Median: 3.7x 2.5x Vacation Rental: bluegreenvacations" Hilton Grand Vacations MARRIOTT VACATIONS WORLDWIDE TRAVEL+ LEISURE INSPIRATO airbnb BOOKING HOLDINGS Expedia Tripadvisor Trip.com Recent Travel & Prop Tech SPACS/IPOs: MCG Membent Collective Sonder Traditional Hospitality: ACCOR HOTELS Hilton HYAIT vacasa INTERCONTINENTAL ВОТЕ В НЕХОТ Implied (Disc.) / Prem. Revenue Multiple Inspirato Transaction Consumer Online Travel Platform Supply/ Traditional Hospitality Subscription Leaders Recent Travel & Prop Tech SPACS/IPOS 2 Traditional Vacation Rental (43.1%) (30.3%) (30.1%) (3.8%) 22.1% 21E 23E Revenue CAGR 51.0% 19.8% 31.9% 29.9% 49.9% 12.8% Growth-Adjusted Revenue Multiple¹ 0.06x 0.27x 0.14x 0.14x 0.06x 0.19x Marriott Implied (Disc.) Prem. On Growth- (77.9%) (56.4%) (59.0%) (5.9%) (69.4%) Adj. Basis pebblebrook HOTEL TRUST Source: FactSet as of 10/26/2021 and company financial model as of 05/07/2021 Notes: I. 2. Calculated as TEV/FY22E revenue multiple divided by FY21-FY23 revenue CAGR Total Enterprise Value based on valuation and implied transaction multiple for Vacasa and Sonder as these transactions are still pending Transaction is priced below most peer multiples CONFIDENTIAL 45

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