Apartment rental company Sonder announced today that it is initiating a bankruptcy plan. This announcement follows a similar development with Marriott, where a licensing agreement between the two companies has concluded. Sonder’s statement indicates that they are seeking to restructure their operations and reduce liabilities. The company stated that guests are advised to vacate hotel rooms as part of the liquidation process. The firm’s future direction is currently uncertain following these developments.
Credits: US Top News and Analysis
