Sonder holdings inc. announces strategic licensing agreement with marriott international

Strategic agreement expected to deliver significant revenue opportunities and cost efficiencies sonder also secures approximately $146 million in additional liquidity, including approximately $43 million convertible preferred equity investment to strengthen balance sheet san francisco, aug. 19, 2024 (globe newswire) -- sonder holdings inc. (nasdaq: sond or “sonder”), a leading global brand of premium, design-forward apartment-style accommodations serving the modern traveler, today announced that it has entered into a long-term strategic licensing agreement with marriott international, inc. (nasdaq: mar or “marriott”). through this strategic agreement, over 9,000 live sonder units are expected to join the marriott portfolio by the end of 2024, with approximately 1,500 additional contracted units anticipated to join the marriott system at later dates.
SOND Ratings Summary
SOND Quant Ranking