Sonder Holdings Inc. (SOND)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
Marriott said it lost $23 million in letting go of Sonder
Marriott executives said the Sonder breakup cost it $23 million. This comprised termination of licensing expenses and impairment charges.
Inside Marriott's Disastrous Bet on Short-Term Rental Company Sonder
Investment added rooms for hotel chain, but apartment-rental firm collapsed under high-cost leases. ‘Everything kind of went straight downhill,' said one manager.
Sonder goes bankrupt, blames Marriott International deal
Sonder Holdings Inc (NASDAQ: SOND) late Monday announced plans to file for bankruptcy, a day after Marriott International Inc (NYSE:MAR) terminated a licensing agreement between the two companies. In a statement on Sunday, Marriott said the 20-year licensing deal was “no longer in effect,” citing Sonder's “default” as the reason.
Sonder Holdings Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Promus Capital LLC Promus Capital LLC | 676 | $2,095.52 | $0.14 | -$2,095.38 | -99.99% |
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Sonder Holdings Inc. Profile
| Diversified Consumer Services Industry | Consumer Discretionary Sector | Janice L. Sears CEO | NASDAQ (NGS) Exchange | 83542D300 CUSIP |
| US Country | 1,421 Employees | - Last Dividend | 21 Sep 2023 Last Split | 15 Mar 2021 IPO Date |
Overview
Sonder Holdings Inc. operates within the hospitality industry, specializing in offering unique lodging solutions. The company manages a diverse range of properties, including apartments and hotel rooms, catering to the needs of leisure travelers, families, digital nomads, and business travelers alike. With a presence in North America, Europe, and the Middle East, Sonder Holdings Inc. is distinguished by its approach to modern hospitality, focusing on providing accommodations that combine the comfort and authenticity of a home with the reliability and standards of a hotel. Headquartered in San Francisco, California, the company is carving a niche in the hospitality sector by blending innovative technology with stylish spaces to create memorable stay experiences.
Products and Services
- 1-, 2-, and 3+ Bedroom Apartments - Sonder Holdings Inc. offers spacious and fully-equipped apartments suitable for families, groups, and long-term stays. These apartments provide a comfortable and homely environment, equipped with kitchens, living areas, and multiple bedrooms, designed to cater to the needs of guests looking for more space and amenities than a typical hotel room.
- Studio Apartments - For solo travelers or couples, Sonder provides studio apartments that combine the convenience and design of a compact living space with all the necessary features for a comfortable stay, including kitchenettes, comfortable sleeping areas, and modern amenities.
- 1-bedroom Hotel Rooms - Catering specifically to business travelers and short-term visitors, Sonder's 1-bedroom hotel rooms offer the essential comforts and conveniences of hotel accommodation, including housekeeping, Wi-Fi, and access to local customer service, all within thoughtfully designed spaces that reflect the uniqueness of their locations.
