Sonder Holdings Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Janice L. Sears
- Full Time Employees
- 1,642
- Sector
- Consumer Cyclical
- Industry
- Travel Lodging
- Address
- 101 15th Street San Francisco CA United States of America 94103
- IPO Date
- Mar 15, 2021
- CIK
- 0001819395
- Website
- sonder.com
- Similar Companies
- Business
- Sonder Holdings Inc. engages in the design, leasing, and management of short-term rental accommodations, including apartments and boutique hotels. The company operates a technology-driven hospitality platform that offers stylish, fully furnished units with hotel-like services such as mobile check-in, keyless entry, and 24/7 digital concierge support. Its core product offerings include fully equipped apartments with kitchens, separate living areas, and in-unit laundry, targeting leisure travelers, business travelers, families, and groups seeking accommodations larger and more predictable than traditional hotels. Sonder manages over 9,000 units across more than 40 cities in North America, Europe, and the Middle East, with properties often located in urban markets. The company leverages a capital-light model, leasing or managing properties rather than owning them, and uses data analytics and proprietary technology to optimize pricing and operations. Founded in 2014 and headquartered in San Francisco, California, Sonder has historically focused on blending the authenticity of home-like living with the consistency and convenience of hotel stays. Sonder's business segments cover short-term rental management, extended-stay accommodations, and operations of branded apartment hotels, with a customer base that includes digital nomads, business travelers, and families. In August 2024, Sonder entered a long-term strategic licensing agreement with Marriott International, allowing Marriott to add approximately 10,500 rooms from Sonder’s portfolio to its network, with customers earning and redeeming Marriott Bonvoy points. However, this agreement was abruptly terminated by Marriott in November 2025 citing defaults by Sonder, which led to Sonder ceasing operations and filing for Chapter 7 bankruptcy liquidation shortly thereafter. Prior to this, Sonder initiated a portfolio optimization program in late 2023 to exit or reduce rent on underperforming properties, affecting about 110 buildings or 4,500 units by the end of 2024. Over the years, Sonder raised substantial capital exceeding $550 million and was valued at approximately $1.3 billion before its financial difficulties. The company also experienced notable leadership changes and workforce reductions in response to operational and market challenges. Sonder's recent major changes include the termination of its Marriott licensing agreement, the subsequent wind-down of its operations in late 2025, portfolio optimization efforts to improve financial performance, and strategic shifts towards improving cash flow and operational efficiency before its bankruptcy filing. These events mark a significant transition for the company, ending its role as a notable player in the tech-driven hospitality sector.
Marriott said it lost $23 million in letting go of Sonder
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