How Sonder Straddles the Hotel and Short-Term Rental Divide

8/16/2023

Sonder is seeking to straddle the divide separating short-term rentals from hotels. It's a property manager or management company for a portfolio of properties that is 60 percent apartment-style units and 40 percent hotels. “Our mission starts with the words to revolutionize hospitality,” co-founder and CEO Francis Davidson told financial analysts during the company’s second quarter earnings announcement. “And we’ve been very careful not to say to revolutionize short-term rentals or apartments, hospitality is a broader category, and we hope to be successful across a variety of asset classes starting with apartments, but also with hotels and with a few bets that we have in resorts.”

Skift (08/11/23) Dennis Schaal

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