• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Sonder Holdings Inc. Announces Capital Raise and Provides Update on Integration with Marriott International, Inc.

    4/14/25 9:05:00 AM ET
    $MAR
    $SOND
    Hotels/Resorts
    Consumer Discretionary
    Hotels/Resorts
    Consumer Discretionary
    Get the next $MAR alert in real time by email

    ~$18 Million Equity Financing and Amended Note and Warrant Purchase Agreement Strengthen Balance Sheet

    Full Integration with Marriott's Digital Channels and Platform Anticipated by the End of the Second Quarter of 2025

    Implementing ~$50 Million of Annualized Cost Reductions

    Sonder Holdings Inc. (NASDAQ:SOND) ("Sonder" or the "Company") today announced a series of actions intended to strengthen its balance sheet and generate significant cost savings, and provided an update on its integration with Marriott International, Inc. (NASDAQ:MAR) ("Marriott"):

    • Sale of approximately $18 million shares of its Series A preferred stock on April 11, 2025;
    • Amendments to the existing Note and Warrant Purchase Agreement, which include a reduction of the outstanding principal balance by 15% and an approximate 50% reduction of the interest rate;
    • Full integration with Marriott's digital channels and platform anticipated by the end of second quarter of 2025;
    • Receipt of $7.5 million in previously announced key money from Marriott on April 11, 2025; and
    • Implementation of approximately $50 million of annualized cost reductions enabled by the Marriott integration.

    "These events are expected to bring us closer to completing our transformation. The integration with Marriott is expected to enhance the positive RevPAR and profitability trends that our portfolio has already experienced over the last several months," said Francis Davidson, Co-Founder and CEO of Sonder. "With the integration nearing completion, we are capitalizing on these opportunities and right-sizing our organization for the next era of Sonder. With the implementation of substantial cost savings and approximately $18 million of additional capital, we believe that Sonder is well positioned to support long-term value creation."

    Marriott Integration Update

    Sonder anticipates the full Marriott integration will be completed by the end of the second quarter of 2025, at which time all Sonder properties will be available on Marriott's digital channels, including Marriott.com and the Marriott Bonvoy® mobile app under the new "Sonder by Marriott Bonvoy" collection, and are expected to benefit from access to Marriott's global sales organization and third-party agreements. Sonder's properties will also continue participating in the highly regarded Marriott Bonvoy® travel platform with nearly 228 million members, which began in October 2024 after the first phase of integration was complete.

    Sonder also today announced it is implementing cost reduction initiatives which, when complete, are expected to deliver approximately $50 million of annualized cost savings compared to the third quarter of 2024. The savings are anticipated to come from a combination of headcount reductions, software savings and other efficiencies in conjunction with the Marriott integration.

    Additional information regarding the completed Series A preferred stock financing and the amendments to agreements governing the Company's indebtedness can be found in a Form 8-K to be filed with the Securities and Exchange Commission (the "SEC").

    Advisors

    Moelis & Company LLC served as financial advisor to Sonder.

    About Sonder

    Sonder (NASDAQ:SOND) is a leading global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler. Launched in 2014, Sonder offers inspiring, thoughtfully designed accommodations and innovative, tech-enabled service combined into one seamless experience. Sonder properties are found in prime locations in over 40 markets, spanning nine countries and three continents. The Sonder app gives guests full control over their stay. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all.

    To learn more, visit http://www.sonder.com or follow Sonder on Instagram, LinkedIn or X.

    Download the Sonder app on Apple or Google Play.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based upon current expectations or beliefs, as well as assumptions about future events. Forward-looking statements include all statements that are not historical facts and can generally be identified by terms such as "could," "estimate," "expect," "intend," "may," "plan," "potentially," or "will" or similar expressions and the negatives of those terms. These statements include, but are not limited to, statements regarding improvements in liquidity and profitability; the anticipated benefits and synergies from the strategic licensing agreement with Marriott; the integration efforts and timing under the strategic licensing agreement with Marriott; the preferred stock financing and other sources of liquidity; improving Sonder's balance sheet and long-term profitable growth; and other information concerning Sonder's financial and operating goals and estimated, possible, or assumed future financial or operating results and measures, cash flow, or liquidity. These forward-looking statements are based on management's current expectations, estimates, and beliefs, as well as a number of assumptions concerning future events and are not guarantees of future performance, conditions, or results. Actual results could differ materially from those expressed in or implied by the forward-looking statements due to a number of risks and uncertainties, including the risks and uncertainties described in the Company's reports filed with the SEC and under the heading "Risk Factors" in its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at www.sec.gov. These forward-looking statements are only as of the date of this press release. Except as required by law, the Company does not undertake any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this press release.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250414066500/en/

    Media:

    [email protected]

    Investor:

    [email protected]

    Get the next $MAR alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $MAR
    $SOND

    CompanyDatePrice TargetRatingAnalyst
    Marriott International
    $MAR
    6/23/2025$284.00Neutral
    Analyst
    Marriott International
    $MAR
    5/12/2025$303.00Hold → Buy
    Jefferies
    Marriott International
    $MAR
    4/14/2025$245.00Buy → Neutral
    Goldman
    Marriott International
    $MAR
    2/4/2025$330.00In-line → Outperform
    Evercore ISI
    Marriott International
    $MAR
    9/18/2024$267.00Buy
    Goldman
    Marriott International
    $MAR
    8/29/2024$247.00 → $262.00Mkt Perform → Outperform
    Bernstein
    Marriott International
    $MAR
    6/21/2024$255.00Neutral
    Susquehanna
    Marriott International
    $MAR
    3/26/2024$263.00Neutral
    Mizuho
    More analyst ratings

    $MAR
    $SOND
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Bowen Adam bought $28,900 worth of shares (10,000 units at $2.89), increasing direct ownership by 50% to 30,000 units (SEC Form 4)

    4 - Sonder Holdings Inc. (0001819395) (Issuer)

    12/6/23 4:45:47 PM ET
    $SOND
    Hotels/Resorts
    Consumer Discretionary

    $MAR
    $SOND
    SEC Filings

    View All

    SEC Form DEFA14A filed by Sonder Holdings Inc.

    DEFA14A - Sonder Holdings Inc. (0001819395) (Filer)

    9/25/25 5:05:54 PM ET
    $SOND
    Hotels/Resorts
    Consumer Discretionary

    SEC Form DEF 14A filed by Sonder Holdings Inc.

    DEF 14A - Sonder Holdings Inc. (0001819395) (Filer)

    9/25/25 5:05:18 PM ET
    $SOND
    Hotels/Resorts
    Consumer Discretionary

    Sonder Holdings Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

    8-K - Sonder Holdings Inc. (0001819395) (Filer)

    9/24/25 4:25:18 PM ET
    $SOND
    Hotels/Resorts
    Consumer Discretionary

    $MAR
    $SOND
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    ON SALE: TICKETS FOR THE HIGHLY ANTICIPATED 17th ANNUAL RITZ-CARLTON CAYMAN COOKOUT AVAILABLE OCTOBER 1

    Award-winning Chefs Eric Ripert, José Andrés, Emeril Lagasse, Stephanie Izard, Carla Hall and more Gather for this Premier Event, January 14 – 19, 2026 as the Legendary Resort Celebrates its 20th Anniversary High-Res Images of The Ritz-Carlton, Grand Cayman's 16th Annual Cayman Cookout Here GRAND CAYMAN, Cayman Islands, Sept. 29, 2025 /PRNewswire/ -- The first and only Forbes Triple Five-Star hotel in the Caribbean – The Ritz-Carlton, Grand Cayman – announced that tickets will officially go on sale for the 17th annual Ritz-Carlton Cayman Cookout on Wednesday, October 1. The premier culinary event will take place January 14-19, 2026, at the iconic luxury resort, which is also celebrating its

    9/29/25 8:45:00 AM ET
    $JPM
    $MAR
    Major Banks
    Finance
    Hotels/Resorts
    Consumer Discretionary

    Marriott International and Hawkins Way Capital Announce Five Signed Agreements to Launch Series by Marriott™ in the United States

    Strategic Agreements Mark the Debut of Marriott's Newest Collection Brand in Key Urban and Coastal Markets Across the U.S. BETHESDA, Md., Sept. 23, 2025 /PRNewswire/ -- Marriott International, Inc. and Hawkins Way Capital announce signed agreements to convert five properties to the Series by Marriott™ brand in key U.S. markets, including Miami, Santa Monica, San Francisco, Chicago, and San Diego. Marking the brand's official debut in the country, these agreements reflect a significant milestone for Series by Marriott™ and reinforce Marriott's commitment to expanding regionally rooted, quality offerings in the Marriott Bonvoy® portfolio.

    9/23/25 9:00:00 AM ET
    $MAR
    Hotels/Resorts
    Consumer Discretionary

    Marriott International and Noble Investment Group Break Ground on Their 10th StudioRes Hotel, Scaling New Extended Stay Brand

    ATLANTA, Sept. 10, 2025 /PRNewswire/ -- Noble Investment Group ("Noble") and Marriott International, Inc. ("Marriott") today announced their 10th groundbreaking together on a StudioRes hotel. A milestone for both companies, this groundbreaking marks the continued expansion of Marriott's new extended stay brand and advances Noble's leadership in branded long-term accommodations, an institutional asset class at the intersection of hospitality and flexible stays. With a smart, functional design and a fast-to-market prototype that is efficient to build, operate, and scale, StudioR

    9/10/25 8:00:00 AM ET
    $MAR
    Hotels/Resorts
    Consumer Discretionary

    $MAR
    $SOND
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    SEC Form 3 filed by new insider Aronzon Paul

    3 - Sonder Holdings Inc. (0001819395) (Issuer)

    9/30/25 4:26:55 PM ET
    $SOND
    Hotels/Resorts
    Consumer Discretionary

    EVP & Chf. Customer Officer Roe Peggy gifted 200 shares, decreasing direct ownership by 1% to 19,466 units (SEC Form 4)

    4 - MARRIOTT INTERNATIONAL INC /MD/ (0001048286) (Issuer)

    8/27/25 5:26:01 PM ET
    $MAR
    Hotels/Resorts
    Consumer Discretionary

    EVP & CFO Oberg Kathleen K. covered exercise/tax liability with 9,123 units of Class A Common - Restricted Stock Units, decreasing direct ownership by 46% to 10,745 units (SEC Form 4)

    4 - MARRIOTT INTERNATIONAL INC /MD/ (0001048286) (Issuer)

    8/18/25 5:37:43 PM ET
    $MAR
    Hotels/Resorts
    Consumer Discretionary

    $MAR
    $SOND
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Analyst initiated coverage on Marriott with a new price target

    Analyst initiated coverage of Marriott with a rating of Neutral and set a new price target of $284.00

    6/23/25 8:07:37 AM ET
    $MAR
    Hotels/Resorts
    Consumer Discretionary

    Marriott upgraded by Jefferies with a new price target

    Jefferies upgraded Marriott from Hold to Buy and set a new price target of $303.00

    5/12/25 8:18:16 AM ET
    $MAR
    Hotels/Resorts
    Consumer Discretionary

    Marriott downgraded by Goldman with a new price target

    Goldman downgraded Marriott from Buy to Neutral and set a new price target of $245.00

    4/14/25 8:14:21 AM ET
    $MAR
    Hotels/Resorts
    Consumer Discretionary

    $MAR
    $SOND
    Leadership Updates

    Live Leadership Updates

    View All

    Marriott International and Hawkins Way Capital Announce Five Signed Agreements to Launch Series by Marriott™ in the United States

    Strategic Agreements Mark the Debut of Marriott's Newest Collection Brand in Key Urban and Coastal Markets Across the U.S. BETHESDA, Md., Sept. 23, 2025 /PRNewswire/ -- Marriott International, Inc. and Hawkins Way Capital announce signed agreements to convert five properties to the Series by Marriott™ brand in key U.S. markets, including Miami, Santa Monica, San Francisco, Chicago, and San Diego. Marking the brand's official debut in the country, these agreements reflect a significant milestone for Series by Marriott™ and reinforce Marriott's commitment to expanding regionally rooted, quality offerings in the Marriott Bonvoy® portfolio.

    9/23/25 9:00:00 AM ET
    $MAR
    Hotels/Resorts
    Consumer Discretionary

    Marriott International Announces Retirement of Leeny Oberg, Chief Financial Officer and EVP, Development, in 2026

    BETHESDA, Md., July 14, 2025 /PRNewswire/ -- Marriott International (NASDAQ:MAR) today announced that after 26 years with the company, Leeny Oberg, Marriott's Chief Financial Officer and Executive Vice President, Development, has decided to retire effective March 31, 2026. Two long-time Marriott veterans have been named her successors. Next year, Jen Mason will become the company's Chief Financial Officer and Shawn Hill will take on the role of Chief Development Officer.  Oberg has served as Marriott's CFO since 2016. In February 2023, Oberg was additionally tapped to lead the

    7/14/25 4:06:00 PM ET
    $MAR
    Hotels/Resorts
    Consumer Discretionary

    Sonder Holdings Inc. Announces Leadership Transition

    Sonder Holdings Inc. (NASDAQ:SOND) ("Sonder" or the "Company") today announced that after a transformative tenure as Co-Founder and Chief Executive Officer, Francis Davidson has stepped down as Sonder's Chief Executive Officer and as a member of the Company's Board of Directors. Janice Sears, Sonder's Chairperson of the Board, has been appointed Interim Chief Executive Officer, effective immediately. Ms. Sears will continue to serve as Sonder's Board Chairperson. The Board intends to immediately initiate a search process to identify Sonder's next CEO. Mr. Davidson said, "I am incredibly proud of the brand Sonder has become since we launched the company just over a decade ago. What started

    6/25/25 7:30:00 AM ET
    $SOND
    Hotels/Resorts
    Consumer Discretionary

    $MAR
    $SOND
    Financials

    Live finance-specific insights

    View All

    Sonder Holdings Inc. Announces First Quarter 2025 Financial Results

    SAN FRANCISCO, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ:SOND) ("Sonder" or the "Company"), a leading global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler, today announced its financial results for the first quarter 2025, ended March 31, 2025, and filed the related Quarterly Report on Form 10-Q (the "Q1 2025 Form 10-Q"), which can be found on the Company's website at investors.sonder.com. First Quarter 2025 Financial Highlights1 RevPAR was $139, a 13% increase year-over-yearOccupancy Rate was 83%, a seven percentage point increase year-over-yearBookable Nights were 858,000, a 2

    8/25/25 5:55:08 PM ET
    $MAR
    $SOND
    Hotels/Resorts
    Consumer Discretionary

    Marriott International Declares Quarterly Cash Dividend and Increases Share Buyback Authorization

    BETHESDA, Md., Aug. 7, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) today announced that its board of directors declared a quarterly cash dividend of 67 cents per share of common stock. The dividend is payable on September 30, 2025, to shareholders of record as of the close of business on August 21, 2025. The company also announced that its board has increased the authorization to repurchase the company's Class A common stock by an additional 25 million shares, which are in addition to the approximately 7.4 million shares that remained available as of July 30, 2025, for repurchase under prior authorizations. Year-to-date through July 30, the company has repurchased 6.4 mill

    8/7/25 1:00:00 PM ET
    $MAR
    Hotels/Resorts
    Consumer Discretionary

    Marriott International Reports Second Quarter 2025 Results

    Second quarter 2025 RevPAR1 increased 1.5 percent worldwide, with 5.3 percent growth in international markets and U.S. & Canada RevPAR in line with the year-ago quarterSecond quarter reported diluted EPS totaled $2.78 and adjusted diluted EPS totaled $2.65Second quarter reported net income totaled $763 million and adjusted net income totaled $728 millionSecond quarter adjusted EBITDA totaled $1,415 millionThe company added roughly 17,300 net rooms during the quarter and net rooms grew 4.7% from the end of the second quarter of 2024At the end of the quarter, Marriott's worldwide development pipeline reached a new record and totaled approximately 3,900 properties and over 590,000 roomsThe comp

    8/5/25 7:00:00 AM ET
    $MAR
    Hotels/Resorts
    Consumer Discretionary

    $MAR
    $SOND
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13D filed by Sonder Holdings Inc.

    SC 13D - Sonder Holdings Inc. (0001819395) (Subject)

    11/27/24 4:15:36 PM ET
    $SOND
    Hotels/Resorts
    Consumer Discretionary

    SEC Form SC 13G filed by Sonder Holdings Inc.

    SC 13G - Sonder Holdings Inc. (0001819395) (Subject)

    11/27/24 4:12:28 PM ET
    $SOND
    Hotels/Resorts
    Consumer Discretionary

    SEC Form SC 13G filed by Sonder Holdings Inc.

    SC 13G - Sonder Holdings Inc. (0001819395) (Subject)

    11/14/24 5:01:29 PM ET
    $SOND
    Hotels/Resorts
    Consumer Discretionary