""We are devastated to reach a point where a liquidation is the only viable path forward," said Janice Sears, interim chief executive officer of Sonder."
""We explored all viable alternatives to avoid this outcome, but we are left with no choice other than to proceed with an immediate wind-down of our operations and liquidation of our assets.""
""immediate priority is supporting guests currently staying at Sonder properties and those with upcoming reservations" and that it would contact guests who booked directly through Marriott channels to address their reservation and booking needs."
""Marriott remains committed to minimizing disruption to guests' travel plans.""
Sonder announced an immediate wind-down of operations and plans to file for Chapter 7 bankruptcy while initiating insolvency proceedings internationally. The company said liquidation of its U.S. business is the only viable path forward after exploring alternatives. Marriott terminated its licensing agreement with Sonder and stated its priority is supporting guests currently staying at Sonder properties and those with upcoming reservations, and that it will contact guests who booked through Marriott channels. Shares of Sonder plunged more than 64% amid reports of employees learning of job losses from news and guests being told to vacate rentals immediately.
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