SAN FRANCISCO – One day after Marriott International
terminated its licensing agreement with Sonder, the apartment-style rental
hospitality company announced it will wind down its operation and initiate a
Chapter 7 liquidation of its U.S. business. Sonder also intends to initiate
insolvency proceedings in the international countries in which it operates.
At the same time, Sonder took a parting shot at its former
partner, Marriott, stating its integration was substantially delayed “due to
unexpected challenges in…