Luxury hotel market
Search documents
Marriott bets that an overly forgiving policy can retain key guests
Yahoo Finance· 2025-11-12 18:17
Marriott revealed on Oct. 9 that it will end its partnership with the short-term rental company Sonder. The next day, Sonder Holdings, which at one point managed over 9,000 apartments and homes in 40 countries around the world, announced it is filing for Chapter 7 bankruptcy. Unlike Chapter 11, which requires restructuring time, Chapter 7 allows businesses to go straight to liquidation. Marriott ended the partnership due to Sonder's default (financial difficulties), according to the hotel giant’s official ...