Sonder announced Monday it is immediately winding down operations and plans to file for bankruptcy, just one day after Marriott International terminated its licensing agreement with the hospitality company.The short-term rental operator, which offers apartment-style accommodations and boutique hotel stays, said it intends to file for Chapter 7 bankruptcy protection amid "severe financial constraints" linked to challenges integrating its systems with Marriott International."Unfortunately, our integration with Marriott International was substantially delayed due to unexpected challenges in align...
HALO NEWSLETTER
Join HALO today and unlock this story instantly — It's Free