Sonder will “complete a wind-down of operations,” declaring bankruptcy in the U.S. and insolvency overseas, the company said Monday. The word came a day after Marriott ended a licensing agreement that had failed to meet financial obligations.
Sonder, which ran apartments and hotels as a hotel-like business, cited “severe financial constraints” stemming from prolonged technical integration problems with Marriott’s systems and booking platform.
Interim CEO Janice Sears said in a statement that the integration with Marriott Bonvoy became more expensive than expected.
“Unfortunately, our integration with Marriott International was substantially delayed…