Marriott (MAR) Forms Alliance With Sonder to Expand Portfolio [Yahoo! Finance]
Sonder Holdings Inc. - Class A (SOND)
Company Research
Source: Yahoo! Finance
and pipeline portfolio to its system under a new collection, Sonder by Marriott Bonvoy. Takeaways From the Collaboration Per the agreement, Marriott will welcome more than 9,000 rooms from Sonder's portfolio by 2024 end, along with 1,500 rooms, into its pipeline. The rooms in Sonder's pipeline are expected to be added to the company's system over the next few years. Sonder's portfolio primarily consists of apartment-style accommodations along with small boutique hotels operating in urban markets across North America, Europe and the Middle East. Also, per the agreement, Marriott will receive a royalty fee based on the percentage of Sonder's gross room revenues. Notably, with the addition of more than 9,000 rooms, Marriott now expects 2024 net room growth to be between 6% and 6.5%. The full integration of Sonder properties with MAR's digital channels, including Marriott.com and the Marriott Bonvoy app, is expected in 2025. That said, Marriott Bonvoy members are likely to be able
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SOND
News
- Travel and leisure stocks are outperforming after the Fed rate cut [Seeking Alpha]Seeking Alpha
- Weekly Recap: 12 Press Releases You Might Have Missed [Yahoo! Finance]Yahoo! Finance
- Sonder Holdings Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-QGlobeNewswire
- Marriott International enters licensing deal with Sonder [Yahoo! Finance]Yahoo! Finance
- Sonder Reaches Marriott License Deal, Secures Additional Liquidity [Yahoo! Finance]Yahoo! Finance
SOND
Earnings
- 11/14/23 - Miss
SOND
Sec Filings
- 9/27/24 - Form 10-K
- 9/9/24 - Form DEF
- 8/28/24 - Form PRE
- SOND's page on the SEC website