Marriott executives said the Sonder breakup cost it $23 million. This comprised termination of licensing expenses and impairment charges.
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 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 In a statement on Sunday, Marriott said the 20-year licensing deal was “no longer in effect,” citing Sonder's “default” as the reason.
Hotel operator Marriott International on Sunday said its licensing agreement with lodging rentals company Sonder has been terminated due to a default from Sonder.
NEW YORK CITY, NY / ACCESSWIRE / January 14, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonder Holdings Inc. ("Sonder" or "the Company") (NASDAQ:SOND). Investors who purchased Sonder securities prior to March 16, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SOND.
NEW YORK CITY, NY / ACCESSWIRE / January 13, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonder Holdings Inc. ("Sonder" or "the Company") (NASDAQ:SOND). Investors who purchased Sonder securities prior to March 16, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SOND.
NEW YORK CITY, NY / ACCESSWIRE / January 12, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonder Holdings Inc. ("Sonder" or "the Company") (NASDAQ:SOND). Investors who purchased Sonder securities prior to March 16, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SOND.
NEW YORK CITY, NY / ACCESSWIRE / January 10, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonder Holdings Inc. ("Sonder" or "the Company") (NASDAQ:SOND). Investors who purchased Sonder securities prior to March 16, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SOND.
NEW YORK CITY, NY / ACCESSWIRE / January 9, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonder Holdings Inc. ("Sonder" or "the Company") (NASDAQ:SOND). Investors who purchased Sonder securities prior to March 16, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SOND.
NEW YORK CITY, NY / ACCESSWIRE / January 8, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonder Holdings Inc. ("Sonder" or "the Company") (NASDAQ:SOND). Investors who purchased Sonder securities prior to March 16, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SOND.
NEW YORK, NY / ACCESSWIRE / January 6, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonder Holdings Inc. ("Sonder" or "the Company") (NASDAQ:SOND). Investors who purchased Sonder securities prior to March 16, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SOND.
NEW YORK CITY, NY / ACCESSWIRE / January 5, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonder Holdings Inc. ("Sonder" or "the Company") (NASDAQ:SOND). Investors who purchased Sonder securities prior to March 16, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SOND.