Sonder rises after licensing agreement with Marriott

Sonder Holdings

19/08/2024 12:32

** Shares of Sonder Holdings  SOND.O  rise 1.9% to $2.67
premarket 
    ** Sonder, which provides apartment-style accommodations,
entered into an agreement with hotel operator Marriott  MAR.O 
    ** As per the agreement, over 9,000 live Sonder units are
expected to join the Marriott portfolio by the end of 2024
    ** About 1,500 additional units are anticipated to join the
Marriott system at later dates
    ** Sonder's properties will be available for booking on
Marriott.com and the Marriott Bonvoy mobile app 
    ** YTD SOND down 22.7%

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))