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Marriott bet on Sonder turned disastrous, WSJ reports

Marriott (MAR) entered a $15M deal with short-term rental company Sonder (SOND) last year, which seemed like a low-risk way for the company to add 9,000 rooms to its portfolio, Katherine Hamilton and Craig Karmin of The Wall Street Journal reports. However, Marriott customers recently received an email stating, “We are kindly requesting that you check out of the property as soon as you are able.” Soon after, digital keys were deactivated and, about 24 hours of the email, Sonder said it planned to liquidate the company.

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