Sonder Holdings Closes US Operations After Marriott Partnership Ends
Update: 2025-11-11
Description
Sonder Holdings, a short-term rental company, announces closure of US operations following Marriott partnership dissolution. Interim CEO Janice Sears cites unexpected challenges and loss of working capital. Marriott ends booking agreement, leaving travelers stranded. Sonders stock plummets, closing at twenty cents per share, marking a stark decline from its initial two billion dollar valuation. This development underscores the fragility of hospitality industry partnerships and their immediate impact on businesses and customers.
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