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Sonder Enters Long-term Strategic Licensing Agreement With Marriott; Expects Strategic Agreement To Deliver Significant Revenue Opportunities And Operating Efficiencies

Author: Benzinga Newsdesk | August 19, 2024 07:15am

Through this strategic agreement, over 9,000 live Sonder units are expected to join the Marriott portfolio by the end of 2024, with approximately 1,500 additional contracted units anticipated to join the Marriott system at later dates.

Sonder's properties, which consist of apartment-style accommodations and intimate boutique hotels, are expected to be fully integrated with Marriott's extensive distribution channels, and be available for booking on Marriott.com and the Marriott Bonvoy mobile app as a new collection called Sonder by Marriott Bonvoy. 

Sonder anticipates that full integration with Marriott's digital channels and platform will occur in 2025; however, Sonder expects that Marriott.com will include link-offs to Sonder's digital platforms to support shop, book, earn and redeem by Marriott Bonvoy members and customers before the end of 2024. 

Posted In: MAR SOND

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