After Marriott International abruptly ended its licensing agreement with apartment-style hotel operator Sonder due to a “default,” Sonder said it was winding down operations.
Sonder said it was filing for Chapter 7 liquidation in the U.S., with insolvency proceedings also planned internationally.
In a statement, interim CEO Janice Sears blamed Sonder’s collapse on “severe financial constraints arising from, among other things, prolonged challenges in the integration of the company’s systems and booking arrangements with Marriott International.”
Sonder said it had explored alternatives, including a sale of the business, but was unable to execute a transaction or obtain additional liquidity.
“We are devastated to reach a point where a…