Company also announces full inventory integration into Marriott platforms

Sonder, an apartment-style accommodations provider, announced it has raised $18 million through a stock sale and that its inventory will be fully integrated into Marriott’s digital channels and platforms by the end of this quarter. The company also announced that as part of the deal, Marriott paid Sonder $7.5 million in November 2024 and another $7.5 million on April 11 of this year, Sonder said.

Sonder’s properties will be bookable through Marriott’s website and app as the “Sonder by Marriott Bonvoy” collection.

Francis Davidson, CEO of Sonder, said these actions are “expected to bring us closer to completing our transformation.” The integration with Marriott, he said, should enhance the positive RevPAR (revenue per available room) and profitability trends that the company’s portfolio has already experienced over the last several months.

With the implementation of substantial cost savings and approximately $18 million of additional capital, said Davidson, “we believe that Sonder is well positioned to support long-term value creation.”

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

Image: Courtesy of Sonder