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Marriott said on Sunday it has ended its licensing deal with Sonder after the rental firm defaulted, marking a major setback for the struggling company. Sonder, which flagged going-concern risks last year, will see its properties removed from Marriott site. Marriott cut its 2025 net room growth target to 4.5% from 5%, though it raised profit guidance on strong luxury demand.
short by / 10:19 am on 10 Nov
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