Nov 13, 2025
3 min read
The American giant violates the franchise agreement that was signed only a year ago.It will refund those who made an order through its order systems
Sonder Hotels' bankruptcy drags Marriott down, leaving thousands of customers worldwide stranded
The American giant is breaking the franchise agreement signed just a year ago.It will refund the money to those who have placed an order through the booking systems
US chain of hotels and apartment listings listed on the Nasdaq in New York has gone bankrupt.This information has not yet been sent to Official Contributors, who are the regulators of financial markets in the United States, but initially by thousands of clients around the world when they are notified of their booking or the immediate termination of their stay.The suspension of payments was also raised by the world's first hotel company, Martriort, which signed a franchise agreement in August 2024 that all its accommodation will be under "Marriotta's Cinderella".
In a statement sent by MARRAROTT BASS Shify this morning, Franchise Hotel announced the termination of the franchise agreement due to the company's bankruptcy.
Marriott explained that it will contact all customers who have booked a stay with them (via the Marriott.com website, the Marriott Bonvoy program or reservation centers) to address their needs.
Son is a hospitality company that combines a boutique hotel and tourist apartments for long-term stays.Founded in 2014, it has a portfolio of 9,400 rooms in 40 cities across the US, Canada, Europe and the Middle East.The offering was aimed at young travelers, digital nomads or long-term stays outside of long-term hotels.
In Spain, the company had hotels in Madrid, Barcelona and Malaga.In fact, there were some customers of the latter hotel, who published the company's message on social networks early in the morning, asking them to leave the establishment before nine in the morning.The hotel, which has only 95 rooms, has been operating for a few months.
Disclosure of preference shares
On August 5, Sonder filed a statement with the SEC announcing a modification to the franchise agreement with Marriott, "to, among other things, defer for 12 months certain fees and other amounts owed by the Company to Marriott under the agreement."It is only a forecast of financial difficulties and will appear in the last earnings report corresponding to the third quarter of 2025, issued on October 14.
Between July and September 2024, the company received a profit of 34.1 million dollars of 34.1 million dollars, while in the same period of 2025 it recorded a loss of 44.3 million euros.The reason for this fiasco is the sale of the most popular shares below the market price in April."When the exchange traded 17.98 million including the mutual funds per share, the market price it received was 61.98 million dollars and resulted in a loss of 43.8 million."The difference in euro fell to 37.8 million.
The change in the last twelve months in the market also shows the financial problems of the company, which fell to $ 4 listed at $ 0.32 in the last trading session.In the four years between 2021 and 2024 alone, it accumulated 562 euros and in 2021 47.4 million euros, it increased to 255 million in 2024, it deposited 255 million in 2021.
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