Rentals startup Sonder going public in USD2.2 billion SPAC deal
Short term rentals startup Sonder plans to go public via a special purpose acquisition (SPAC) merger. The so-called blank check transaction with Gores Metropoulos II values the company at about $2.2 billion.
San Francisco-based Sonder works with real estate developers to build properties that Sonder operates as branded short term rentals.
It currently operates over 300 properties and brought in $116 million in revenue last year. It partners with major platforms including Expedia, Airbnb and Booking.com.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025
U.S.A. and Israel attacks on Iran impact air movements in the Gulf (Update 1.00pm CET)
Global tourism exceeds 1.5 billion travelers announces UN-Tourism