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Sonder to open 168 rental apartments in Detroit
Reading Time: < 1 minuteUS: San Francisco-based hospitality startup Sonder is set to open 168 short-term rental apartments in two buildings in downtown Detroit from next month. Of the one- and two-bedroom units which will be master leased from the building owners, 45 are expected to be listed for rent in the former Lawyers Building at 139 Cadillac Square, […]
Philadelphia master lease development up for sale
Reading Time: < 1 minuteUS: A development site in Philadelphia’s Rittenhouse Square neighbourhood that is master leased to short-term rental / aparthotel firm Sonder is up for sale. The site at 1620 Sansom Street is owned by New York City-based Bridge Funding and is being marketed for sale by Rittenhouse Realty Advisors (RRA). The property is currently mixed-use with […]
Sonder announces investment and growth in Chicago
Reading Time: 2 minutesUS: San Francisco-based apartment operator Sonder has raised $225 million in a fourth round of private equity funding, with estimations valuing the company’s investment at about $1 billion. The investment has been led by Valor Equity, Westcap and Nicolas Pritzker’s Tao Capital Partners, with participation from Fidelity, Atreides Capital, ARod Corp, Spark Capital, Inovia Capital […]
Sonder opens first Airbnb-hotel hybrid in Denver
Reading Time: 2 minutesUS: San Francisco-based hospitality startup Sonder has opened its first hotel-Airbnb hybrid in Denver after it secured the required licence earlier this month. The startup has gained the lease for the entire building in Uptown Denver, which will be renamed as The Essex. The three-storey building, built in 1908, used to be a hostel but […]
Sonder to take over four properties in Philadelphia
Reading Time: 2 minutesUS: Short-term rental operator Sonder is to take over four Philadelphia properties that are being converted into apartments, with plans to offer furnished rooms to short-stay accommodation seeking travellers. Sonder says it will take under lease an historic Witherspoon Building office property, a former Frank P. Heid & Co. hat factory, and two smaller buildings in Old […]
Short-term rental operator Sonder now master leasing at New Orleans’ Jung Hotel
Reading Time: 2 minutesUnited States: The short-term rental provider Sonder – now New Orleans’ largest single operator of vacation rentals – has master leased 111 apartments in the renovated Jung Hotel building. The deal with hotel developer Joe Jaeger’s MCC Group was closed in early September and no details surrounding the deal have been disclosed. Jaeger has retained […]