Sonder Reaches Marriott License Deal, Secures Additional Liquidity [Yahoo! Finance]
Sonder Holdings Inc. - Class A (SOND)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg A Floating Island in Baltimore Raises Hope for a Waterfront Revival ‘Train Lovers' Organize to Support Harris and Walz in Presidential Bid Part of Downtown Montreal Is Flooded After Water Pipe Breaks The Cross-Continental Race Using Only Public Transit Climate Disasters Are an Affordable Housing Problem The company, which operates more than 9,000 boutique hotel rooms and apartment-style short-term rentals, said in a statement Monday that it has commitments for $43 million in preferred equity and has secured $83 million of additional liquidity from existing lenders. Sonder has also entered into a long-term licensing agreement that will make its properties available on Marriott's platforms under the “Sonder by Marriott Bonvoy” banner. Sonder will pay royalties to Marriott in return for making its lodging inventory bookable through the larger company's website and loyalty program. Sonder shares soared as much as 137% Monday after the deal was ann
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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
- Marriott (MAR) Forms Alliance With Sonder to Expand Portfolio [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
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