Marriott has ended its licensing agreement with Sonder, a lodging rentals company, due to alleged violations of brand standards. Sonder operates over 300 properties worldwide and had recently raised $170 million in funding. The termination will impact around 2,000 properties within Marriott’s Tribute Portfolio. Marriott is now seeking new partners to fill the void left by Sonder.
Read more at Investing.com: Marriott terminates licensing agreement with lodging rentals company Sonder
