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190 Sonder properties up for leasehold interest after company's bankruptcy [Yahoo! Finance]
Last marriott international - class a earnings: 2/26 04:30 pm
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Following Sonder's November bankruptcy , roughly 190 fully furnished boutique hotels, cottages and apartments previously operated by the failed company are available in a Chapter 7 bankruptcy sale of leasehold interests , according to an announcement from investment and advisory firm Gordon Brothers, which is facilitating the transactions. The properties span major U.S. urban markets such as New York, Los Angeles, Chicago, Phoenix, New Orleans and others across 17 states, according to Gordon Brothers documentation. The properties include Found Santa Monica and Found Miami Beach , both of which opened last month as the first U.S. hotels under Marriott International's new Series collection brand. In the wake of Sonder's bankruptcy, hospitality industry professionals have criticized its master-lease operating model. Some operators have since stepped in to convert Sonder properties under their own brands and operating modes. Gordon Brothers is offering the Sonder properties for lea
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