Sonder

SOND

Market cap $1.68M

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.

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   In a statement on Sunday, Marriott said the 20-year licensing deal was “no longer in effect,” citing Sonder's “default” as the reason.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Inc. (NASDAQ: MAR) announced today that its licensing agreement with Sonder Holdings Inc. (NASDAQ: SOND, "Sonder") was no longer in effect due to Sonder's default.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Inc. (NASDAQ: MAR) today announced that its licensing agreement with Sonder Holdings Inc. (NASDAQ: SOND, "Sonder") is no longer in effect due to Sonder's default.