Sonder Holdings Incorporated Files for Bankruptcy

Sonder Holdings Incorporated, a boutique hotel operator, files for Chapter Seven bankruptcy in Delaware, owing BlackRock Incorporated funds. Marriott International, a former partner, is also affected. Sonders assets and liabilities are estimated between one to ten billion dollars. BlackRock, a major creditor and equity holder, is among those seeking repayment. Sonders liquidity issues led to its bankruptcy, leaving employees and landlords with unpaid rents and wages.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.