SONDER HOLDINGS INC Stock Price, News & Analysis

Marriott (NASDAQ: MAR) said its licensing agreement with Sonder was terminated after Sonder defaulted, and Marriott removed Sonder rooms from its system.

As a result, Marriott now expects net rooms growth for 2025 to approach 4.5%. Marriott said there are no changes to other outlook metrics provided on November 4, 2025.

Marriott (NASDAQ: MAR) announced on Nov 9, 2025 that its licensing agreement with Sonder (NASDAQ: SOND) is terminated due to Sonder's default.

As a result, Sonder properties are no longer affiliated with Marriott Bonvoy and are not available for new bookings on Marriott channels. Marriott says its immediate priority is supporting guests currently staying at affected properties and those with upcoming reservations and that it will contact guests who booked through Marriott channels to address reservation needs.

TreviPay partnered with Sonder (SOND) to launch Sonder Billing, a net-terms program that gives corporate travelers 30-day net terms, VAT-compliant consolidated invoicing and simplified payments for hotel services.

The service launches first in the UK, US and Canada and will expand to support corporate housing and aggregators across Sonder’s 9,000+ units worldwide. The announcement cites a strong business-travel rebound and a projected global business travel spending trend that could exceed $2 trillion by 2029.

Sonder (Nasdaq: SOND) reported Q2 2025 results for the quarter ended June 30, 2025. Revenue was $147.1M (down 11% YoY) and net loss was $44.5M. RevPAR rose to $184 (+13% YoY) with occupancy at 86% (+6 pts). Bookable nights fell 21% to 798,000 due to the company’s Portfolio Optimization Program. Adjusted EBITDA improved to $(2.6)M (83% improvement YoY) and Adjusted EBITDAR was $58.6M (+1% YoY). Total cash, cash equivalents and restricted cash were $71.0M. Live units were ~8,300 and total portfolio ~8,990. The company completed full integration with Marriott and began booking on Marriott channels under the “Sonder by Marriott Bonvoy” collection.

Sonder Holdings (NASDAQ: SOND) reported mixed Q1 2025 financial results, with improvements in key operational metrics but ongoing financial challenges. The company achieved a 13% increase in RevPAR to $139 and an 83% occupancy rate, up seven percentage points year-over-year.

However, revenue decreased 11% to $118.9 million, while net loss increased 12% to $56.5 million. The company's total portfolio contracted to approximately 10,050 units, with bookable nights down 21% due to their Portfolio Optimization Program. Notably, Sonder completed integration with Marriott International, making all properties available on Marriott's platforms under "Sonder by Marriott Bonvoy."

The company faces compliance issues with Nasdaq listing rules due to delayed filing of its Q2 2025 Form 10-Q and must submit an updated compliance plan by September 4, 2025.

Sonder Holdings (NASDAQ:SOND) announced the resignation of Chief Financial Officer Michael Hughes, effective August 15, 2025. This leadership change comes while the company is already conducting a CEO search, with a permanent chief executive expected to be appointed by the end of 2025.

Interim CEO Janice Sears acknowledged Hughes' contributions in strengthening the company's financial position. The incoming CEO, once appointed, will play an active role in selecting the new CFO as part of Sonder's long-term leadership succession plan.

Sonder Holdings (NASDAQ: SOND) has announced several strategic actions to enhance its liquidity position. The company has successfully secured $24.54 million through the issuance of units comprising senior secured promissory notes and warrants. The notes, issued on August 5, 2025, will mature on July 4, 2026, with a 15% annual interest rate payable quarterly.

The company has also modified its relationships with key partners, including a third amendment to its agreement with Marriott International, converting certain fees into senior secured notes, and restructuring its arrangement with Silicon Valley Bank. These actions are part of Sonder's strategic plan to strengthen its financial position and support long-term growth.

Sonder Holdings (NASDAQ: SOND) reported its Q4 and full year 2024 financial results, highlighting both improvements and challenges. In Q4 2024, the company achieved a 19% increase in RevPAR to $180 and an 85% occupancy rate. Notable developments include a $31 million net income in Q4, marking a 128% increase year-over-year.

The company completed two major strategic initiatives: a long-term licensing agreement with Marriott International, integrating Sonder properties into Marriott's platforms under "Sonder by Marriott Bonvoy," and a Portfolio Optimization Program resulting in agreements to exit or reduce rent for approximately 110 buildings (4,500 units).

For full year 2024, Sonder reported $621 million in revenue (3% increase YoY) and a net loss of $224 million (24% improvement YoY). The company ended the year with approximately 9,900 live units and a total portfolio of 10,700 units.

Sonder Holdings (Nasdaq: SOND) announced that Co-Founder and CEO Francis Davidson has stepped down from his position and the Board of Directors. Janice Sears, the current Board Chairperson, has been appointed as Interim CEO, effective immediately, while maintaining her role as Chairperson.

Under Davidson's leadership, Sonder grew from a university student's idea into a global hospitality brand operating in over 40 markets across 9 countries, generating hundreds of millions in annual revenue. The transition comes following the completion of Sonder's integration with Marriott International. The Board will immediately begin searching for a permanent CEO replacement.