Sonder
A tech-driven hospitality company that leases apartments and buildings to operate as short-term rentals, competing with both hotels and Airbnb.
Sonder is a hospitality company that leases entire apartment buildings and individual units from landlords, then operates them as tech-enabled short-term rentals. Unlike traditional property managers, Sonder takes on the lease risk itself and manages properties as a hotel-like brand. Sonder properties are listed on Airbnb, Booking.com, and Sonder's own platform. The company went public via SPAC in 2022 but has faced significant financial challenges. Sonder represents a different model from owner-partnership management companies like Solside Stays, which manage owner-owned properties without taking on lease risk.
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