Sonder shuts down
Editor’s Comments

Sonder shuts down

Reading Time: < 1 minuteThe rise and fall of Sonder shows the risks of fast-growth, asset-heavy startups in the hospitality industry.

Marriott ends agreement with Sonder with immediate effect
Industry

Sonder initiates immediate wind down of operations

Reading Time: 2 minutesUS: Sonder Holdings has announced it will “complete winding down operations immediately” and expects to initiate a Chapter 7 liquidation of its US business.

Features

What now for VAT and serviced accommodation?

Reading Time: 4 minutesColin Laidlaw, VAT partner at Galloways Accounting, provides an updated overview of what the Upper Tribunal decision on the Sonder case means for the VAT treatment of serviced accommodation.

Sonder Belfast
Industry

Sonder appointed to operate Belfast property

Reading Time: < 1 minuteNorthern Ireland: Developer Z Property Group has appointed Sonder to operate a nine-storey serviced apartment building on Dublin Road in Belfast.

Sonder
Editor’s Comments

Sonder’s ticket to recovery

Reading Time: < 1 minuteSAN editor Eloise Hanson comments on Sonder’s strategic agreement with Marriott. Read more on Serviced Apartment News.

Sonder Marriott
Industry

Sonder inks licensing agreement with Marriott

Reading Time: 2 minutesWorldwide: Short-term rental apartment management company Sonder has entered into a long-term licensing agreement with Marriott, in addition to securing $146 million in liquidity.

Sonder
News

Sonder trims portfolio and announces $10m financing

Reading Time: 2 minutesUS: Short-term rental apartment management company Sonder has announced significant reduction in its portfolio and a $10 million financing to “improve the company’s unrestricted liquidity”. As of 10 June, Sonder said that it had signed agreements to exit or reduce rents in 105 buildings, which accounts for 4,300 units. Of that number,