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Marriott ends agreement with Sonder with immediate effect
Reading Time: < 1 minuteUS: Marriott International has terminated its licensing agreement with Sonder Holdings, originally signed in 2024, due to a default from Sonder. More than 9,000 Sonder units were expected to join Marriott’s portfolio by the end of 2024, with approximately 1,500 units to join its system in the future. Now, Marriott has said the agreement is “no longer in effect due to Sonder’s […]
Sonder CEO Davidson steps down as Marriott deal completes
Reading Time: 2 minutesUS: Francis Davidson, co-founder and former CEO of Sonder, has stepped down from the company this week with chairperson of the board Janice Sears holding an interim CEO title. Writing on LinkedIn, Davidson announced his departure from Sonder. He wrote: “Building Sonder was an epic journey. From a college-student experiment to $143 million revenues in […]
Davidson replaced as board chairperson at Sonder
Reading Time: 2 minutesUS: Short-term rental apartment management company Sonder has announced a number of key changes to its board of directors with immediate effect, including co-founder and CEO, Francis Davidson, being replaced as board chairperson.
Sonder inks licensing agreement with Marriott
Reading Time: 2 minutesWorldwide: Short-term rental apartment management company Sonder has entered into a long-term licensing agreement with Marriott, in addition to securing $146 million in liquidity.
Sonder trims portfolio and announces $10m financing
Reading Time: 2 minutesUS: Short-term rental apartment management company Sonder has announced significant reduction in its portfolio and a $10 million financing to “improve the company’s unrestricted liquidity”.
Sonder lays off 17 per cent of team in latest round of cuts
Reading Time: 2 minutesUS: Short-term rental and hotel management company, Sonder, is set to make 106 corporate employees redundant, accounting for 17 per cent of the company’s corporate workforce, by the end of March.
2023 Wrapped: The STRz stories that defined a year
Reading Time: 8 minutesWorldwide: As we approach the end of 2023, we revisit the 20 stories that defined a year for short-term rentals, as well as our favourite video, podcast and webinar from the last 12 months.
What we learned at the 2023 Skift Short-Term Rental Summit
Reading Time: 6 minutesUS: STRz attended the Skift Short-Term Rental Summit in New York City – the first part of our content and media partnership with Skift focusing on events this year – and there were plenty of intriguing takeaways to unpick from an agenda containing a host of distinguished industry speakers.
Sonder and Vacasa face potential Nasdaq delistings
Reading Time: 3 minutesUS: Property management companies Sonder and Vacasa, have each received notice from the Nasdaq Stock Market that they face being delisted within the next 180 calendar days if they do not comply with minimum bid price requirements.
Sonder expands business travel segment
Reading Time: 2 minutesUS: Next-generation hospitality company Sonder is expanding its business travel segment to include group bookings.