Marriott International made a $15 million deal to add 9,000 rooms to its global portfolio by partnering with short-term rental company Sonder. The licensing agreement provided guests with hotel amenities in apartment-like units across three continents, similar to Airbnb. This move was seen as a low-risk way for Marriott to expand its offerings.

Read more at Dow Jones & Company: How Marriott’s Tiny Bet on Short-Term Rental Company Sonder Ended in Chaos