Lodging firm Sonder Holdings Inc. entered liquidation in Delaware on Friday, disclosing several funds under BlackRock Inc. as its creditors.
The company’s bankruptcy has already dealt a blow to Marriott International Inc., which made Sonder hotels bookable on its website and app in an ill-fated bid to add rooms to its global network. Marriott provided funding to “critical short-term obligations” the day before it terminated the licensing agreement, according to a court filing on Friday.
The Chapter 7 petition listed estimated assets and liabilities in the range of $1 billion to $10 billion each. Several entities under BlackRock, including ...
