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fromtherealdeal.com
2 weeks ago

Checking out: Sonder's sudden collapse leaves landlords, guests scrambling

Hospitality is supposed to be about comfort, leisure and service, not guests using words like stranded or homeless. Yet those were the terms popping up in headlines this week as Sonder's collapse rippled through buildings around the world. The short-term rental operator, once a proptech darling and a $2 billion public company, announced it's preparing to file for Chapter 7 liquidation in the U.S., with parallel insolvency proceedings abroad. Operations ceased almost immediately.
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fromSFGATE
2 weeks ago

San Francisco property-tech company, once worth $1.9B, suddenly goes belly-up

Sonder abruptly ceased operations and filed for Chapter 7 liquidation after losing a key Marriott licensing deal, leaving guests and employees stranded.
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