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Sonder Holdings Inc. to Add Hotels in London and Grow UK & Ireland Portfolio to Approximately 900 Total Units
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Rhea-AI Summary
Sonder Holdings Inc. (NASDAQ: SOND), a tech-enabled hospitality provider, is expanding its portfolio with the addition of six properties in the UK and Ireland. This includes four new hotels in central London, enhancing its existing offerings. The company has a total of 28 properties and approximately 900 units across the region. Recently, it reported a record annual revenue of $233 million in 2021. With a focus on technology and design, Sonder aims to cater to the modern traveler while providing competitive terms for real estate owners.
Positive
Expansion to six new properties in the UK and Ireland, enhancing portfolio to 28 properties.
Record annual revenue of $233 million in 2021.
Sonder is focused on prime locations, improving its market presence.
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None.
Tech-enabled hospitality provider will add six properties in the UK & Ireland, including four hotels in London
LONDON & DUBLIN--(BUSINESS WIRE)--
Sonder Holdings Inc. (“Sonder”, Nasdaq: SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, is adding four new hotels in central locations to its portfolio in London.
In April 2022, Sonder opened The Henry, a 102-key hotel close to Hyde Park in Bayswater, and The Voyage, a 53-key hotel on Norfolk Square close to Paddington Station. A further property on Norfolk Square will follow shortly: The Rove, with 74 keys. Additionally, in the second half of 2022, Sonder will open an 86-key hotel near to Bedford Square in Bloomsbury. All are located close to major business districts, tourist attractions and transport hubs, and have been updated to offer Sonder’s signature exceptional design and tech-enabled, modern service. Building on recent expansion, with an ongoing focus on prime locations, these four properties will join the six existing hotels in Sonder’s London portfolio.
“As a high-growth global hospitality company, we are excited to expand our unique design and tech-powered hospitality offering across the United Kingdom & Ireland, with the opening of a number of new hotels in the region,” said Oliver Armitstead, Regional Director of Real Estate at Sonder. “The modern traveler demands digital service and thoughtful design, both of which we deliver across our portfolio worldwide. For owners, we offer competitive partnership terms with secured income, and we remove operational responsibilities. Following Sonder’s recent public listing, we’re advancing ambitious growth plans worldwide.”
“Sonder are innovators in the hospitality space and have been a reliable property partner for us; which is why we are pleased to collaborate with them on a second London hotel. The Bloomsbury location will offer thoughtfully designed accommodation, moments from The British Museum, Oxford Street and the new Tottenham Court Road Crossrail station,” said Steph Thrasyvoulou, co-owner at New World Hospitality Limited.
Elsewhere in the United Kingdom & Ireland, Sonder Royal Garden Apartments in Edinburgh is set to expand with an additional 11 units. Located opposite the Scottish National Portrait Gallery, the property offers accommodation with in-unit kitchen and laundry facilities, ideal for extended stays. In Dublin, Sonder will open its first hotel in the city, with 26 keys, on Leeson Street later this year and has contracted an additional 91 units in the Dublin 1 area. The Leeson Street hotel is a historic, 19th-century Georgian building undergoing updates, located close to St Stephen's Green park. These operations are in addition to Sonder’s two existing serviced apartment properties in Dublin.
With these additions, Sonder’s total portfolio will now expand to 28 properties across the United Kingdom & Ireland with approximately 900 total units. In 2017, Sonder opened its first property outside of North America in London, and the region remains a focus for future growth.
Headquartered in San Francisco, Sonder operates in 35+ cities across ten countries – seven of which are in EMEA – and has approximately 18,100 live and contracted units worldwide. The company partners with real estate owners and landlords to manage and operate hotel and multi-unit buildings. Sonder distinguishes itself in the hospitality industry through modern design and by infusing technology into its guest experience. This tech-enabled experience puts guests in full control of their stay. They can access everything they need – from booking, to interacting with guest services, to check-out – via their own mobile device from anywhere and at any time, using the Sonder app.
Sonder previously announced EMEA expansion in France and the U.A.E., and recently reported company record annual revenue of $233 million in 2021. Sonder also provides corporate travel offerings, and is live with all major Global Distribution System (GDS) networks. Sonder works in partnership with leading travel management companies such as ABC Global Services for business traveler-specific bookings. Sonder also recently committed to eliminating single-use plastic amenities in all of its guest-facing units no later than Dec. 31, 2022, as part of the company’s wider sustainability commitments under its People, Place & Planet framework.
To explore Sonder real estate partnership opportunities, please contact partners@sonder.com
About Sonder
Sonder (Nasdaq: SOND) is revolutionizing hospitality through innovative, tech-enabled service and inspiring, thoughtfully designed accommodations combined into one seamless experience. Launched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options — from spacious rooms to fully-equipped suites and apartments — found in over 35 markets spanning ten countries and three continents. The Sonder app gives guests full control over their stay. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all.
