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Marriott executives said the Sonder breakup cost it $23 million. This comprised termination of licensing expenses and impairment charges.
Royal Olympic Cruise Lines (OTCMKTS:ROCLF - Get Free Report) and Sonder (NASDAQ: SOND - Get Free Report) are both consumer discretionary companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, valuation, analyst recommendations, institutional ownership, earnings, dividends and profitability. Profitability This table compares Royal Olympic
Offers are due by December 30 for the turnkey apartment-style short-term rentals across 190 locations in 17 states Offers are due by December 30 for the turnkey apartment-style short-term rentals across 190 locations in 17 states
Investment added rooms for hotel chain, but apartment-rental firm collapsed under high-cost leases. ‘Everything kind of went straight downhill,' said one manager.
Marriott accused Sonder of risking guest safety to secure financial support from the hotel chain. Sonder, attorneys for Marriott alleged, "attempted to leverage guest safety as a bargaining chip.
Sonder has filed for bankruptcy after Marriott ended its licensing agreement. The short-term rental firm filed for Chapter 7 liquidation proceedings.
Sonder's downfall has stunned the short-term rental company's cofounder. "I've poured my heart and soul into building this company," Francis Davidson told Business Insider.
Guru Stock PicksJana Partners has made the following transactions:Reduce in MRCY by 16.73%Stock News Airlines caution on lingering flight chaos: United Airlines
Sonder Holdings Inc (NASDAQ: SOND) late Monday announced plans to file for bankruptcy, a day after Marriott International Inc (NYSE:MAR) terminated a licensing agreement between the two companies. In a statement on Sunday, Marriott said the 20-year licensing deal was “no longer in effect,” citing Sonder's “default” as the reason.
Sonder Holdings will liquidate its US business and file for bankruptcy protection. The move follows Marriott's move to end its partnership, disrupting travelers' bookings with Sonder.
SAN FRANCISCO, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (Nasdaq: SOND) (“Sonder” or the “Company”), which operates a global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler, today announced that it will complete winding down operations immediately and expects to initiate a Chapter 7 liquidation of its U.S. business. The Company also intends to initiate insolvency proceedings in the international countries in which it operates.
Hotel operator Marriott International on Sunday said its licensing agreement with lodging rentals company Sonder has been terminated due to a default from Sonder.
BETHESDA, Md. , Nov. 9, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) announced today that its licensing agreement with Sonder Holdings Inc. (NASDAQ: SOND, "Sonder") was no longer in effect due to Sonder's default.
BETHESDA, Md. , Nov. 9, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) today announced that its licensing agreement with Sonder Holdings Inc. (NASDAQ: SOND, "Sonder") is no longer in effect due to Sonder's default.
SAN FRANCISCO, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (Nasdaq: SOND) (“Sonder” or the “Company”), a leading global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler, today announced its financial results for the second quarter 2025, ended June 30, 2025, and filed the related Quarterly Report on Form 10-Q (the “Q2 2025 Form 10-Q”), which can be found on the Company's website at investors.sonder.com.
SAN FRANCISCO, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (Nasdaq: SOND) (“Sonder” or the “Company”), a leading global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler, today announced its financial results for the first quarter 2025, ended March 31, 2025, and filed the related Quarterly Report on Form 10-Q (the “Q1 2025 Form 10-Q”), which can be found on the Company's website at investors.sonder.com.
SAN FRANCISCO, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (Nasdaq: SOND) (“Sonder” or the “Company”) today announced that Michael Hughes, Sonder's Chief Financial Officer, has resigned from his position, effective August 15, 2025.
SAN FRANCISCO--(BUSINESS WIRE)---- $SOND--Sonder Holdings Inc. (Nasdaq: SOND) (“Sonder” or the “Company”) today announced a series of actions to raise additional liquidity. Issued and sold $24.54 million of units on August 5, 2025 (the “Financing”). Each unit comprises (i) a senior secured promissory note (the “Investor Notes”) and (ii) a warrant to purchase shares of Sonder's common stock at an exercise price of $1.50 per share (the “Warrants”). The Investor Notes mature on July 4, 2026 and accrue inter.
Sonder (SOND -10.65%), an operator of tech-enabled short-term rental and hotel accommodations, released its fourth quarter fiscal 2024 results on July 23, 2025. The headline from the release: adjusted EBITDA loss improved by 51% and net income turned positive, though revenue missed the prior year by a small margin.
SAN FRANCISCO--(BUSINESS WIRE)---- $SOND--Sonder Holdings Inc. (Nasdaq: SOND) (“Sonder” or the “Company”), a leading global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler, today announced its fourth quarter and full year 2024 financial results and filed the related Annual Report on Form 10-K, which can be found on the Company's website at investors.sonder.com. Fourth Quarter 2024 Financial Highlights1 RevPAR was $180, a 19% increase year-over-year Occ.