Gores Metropoulos II, Inc.

Sonder Holdings Inc. and Gores Metropoulos II Announce Closing of Business Combination

Retrieved on: 
Tuesday, January 18, 2022
Commercial Building & Real Estate, Construction & Property, Lodging, Travel, Entrepreneurship, Dean Metropoulos, Forward-looking statement, Technology, PIPE, Health, Private Securities Litigation Reform Act, SEC, The Gores Group, COVID-19, Travel, Latham & Watkins, Partnership, Senior, Growth, Proxy, CEO, Citigroup, Hilltop Holdings Inc., Wilson Sonsini Goodrich & Rosati, Morgan Stanley, Industry, Company, CFO, GM, Multimedia, Goldman Sachs, P.C, LLC, Weil, Gotshal & Manges, Dean Evan Hart, Lead, Omicron, Acquisition, Security (finance), Management, Financial adviser, Risk management, Nasdaq, Sonder, Gores Metropoulos II, Inc., SONDER, GORES METROPOULOS II, INC.

Sonder Holdings Inc. (Sonder'' or the Company), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced that it completed its previously announced business combination with Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU) (GM II), a special purpose acquisition company sponsored by affiliates of The Gores Group, LLC, and Metropoulos & Co.

Key Points: 
  • Sonder Holdings Inc. (Sonder'' or the Company), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced that it completed its previously announced business combination with Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU) (GM II), a special purpose acquisition company sponsored by affiliates of The Gores Group, LLC, and Metropoulos & Co.
  • The business combination was approved at a special meeting of Gores Metropoulos II stockholders on January 14, 2022.
  • Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU) is a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Metropoulos & Co. whose Principals are Dean, Evan and Daren Metropoulos.
  • Gores Metropoulos II was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Sonder Holdings Inc. Expands Operations With More Than 25 Newly Opened Buildings in Over a Dozen U.S. Cities

Retrieved on: 
Thursday, January 13, 2022
Commercial Building & Real Estate, Construction & Property, Interior Design, Other Travel, Lodging, Destinations, Vacation, Travel, Residential Building & Real Estate, Sonder, Gores Metropoulos II, Inc., SONDER, GORES METROPOULOS II, INC.

The Companys growth covers over a dozen cities, including top tourist destinations such as New York City, Nashville and Seattle.

Key Points: 
  • The Companys growth covers over a dozen cities, including top tourist destinations such as New York City, Nashville and Seattle.
  • In Washington D.C., Sonder recently opened three new buildings in the desirable neighborhoods of Georgetown , Barracks Row and the Central Business District .
  • In the Central region, Sonder added ten new buildings across Atlanta, Dallas, Nashville, New Orleans and San Antonio in the second half of 2021.
  • Additionally, in the Western region, Sonder added buildings in Los Angeles, Palm Springs, San Francisco and Seattle.

Sonder Holdings Inc. Builds Corporate Travel Business With +100 New Accounts

Retrieved on: 
Friday, January 7, 2022
Other Travel, Lodging, Technology, Travel, Software, COVID-19, Attention, Traction, Special, Dean Metropoulos, TripActions, U.S. Securities and Exchange Commission, SEC, Travel, Technology, Proxy, Tripura Merger Agreement, Register, Total revenue, Form, Telecommunications (Interception and Access) Amendment (Data Retention) Act 2015, Agreement, Adjustment, Private Securities Litigation Reform Act, The Gores Group, Person, Registration statement, SEC filing, Nasdaq, Form S-1, Omicron, Prospectus, Communication, Forward-looking statement, City, Sale, Travel management company, Risk, Concierge, Acquisition, Â, Growth, Failure, Dean Evan Hart, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Plan, PIPE, Health, Partnership, LLC, Interior design, Hotel, Airline, Security (finance), Mergers and acquisitions, Sonder, Gores Metropoulos II, Inc., SONDER, GORES METROPOULOS II, INC.

Sonder has seen increasing corporate travel demand from the technology, hospitality, retail, entertainment and healthcare industries, and nearly half of Sonders corporate booked revenue was driven by corporate housing demand.

Key Points: 
  • Sonder has seen increasing corporate travel demand from the technology, hospitality, retail, entertainment and healthcare industries, and nearly half of Sonders corporate booked revenue was driven by corporate housing demand.
  • Sonder consistently delivers across all these aspects, helping us provide the outstanding corporate housing experience our clients are looking for, which makes a difference.
  • Sonder also has active business travel partnerships with Egencia, HotelEngine and TripActions, three top Travel Management Companies.
  • This communication relates to a proposed business combination between Gores Metropoulos II and Sonder.

Sonder Holdings Inc. Sees Continued Strong Revenue Per Available Room and Occupancy Levels With New Year’s Eve Travelers

Retrieved on: 
Thursday, January 6, 2022
Vacation, Other Travel, Lodging, Destinations, Travel, Restaurant, Museum, The Gores Group, Form S-1, COVID-19, Register, Omicron, Total revenue, Acquisition, Attention, Prospectus, Growth, Failure, Special, Communication, Form, Environment, Telecommunications (Interception and Access) Amendment (Data Retention) Act 2015, Dean Metropoulos, Agreement, City, Dean Evan Hart, Forward-looking statement, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Plan, U.S. Securities and Exchange Commission, Adjustment, Private Securities Litigation Reform Act, Person, Registration statement, SEC, PIPE, Health, Continental, LLC, Sale, Technology, Risk, SEC filing, Nasdaq, Proxy, Concierge, Tripura Merger Agreement, Hotel, Security (finance), Mergers and acquisitions, Sonder, Gores Metropoulos II, Inc., SONDER, GORES METROPOULOS II, INC.

Occupancy rate for New Years Eve was over 75%, indicating continued traveler demand for Sonder accommodations despite the Omicron variant.

Key Points: 
  • Occupancy rate for New Years Eve was over 75%, indicating continued traveler demand for Sonder accommodations despite the Omicron variant.
  • Some of the most popular Sonder locations on New Years Eve were warm-weather destinations including Phoenix, San Diego and Dallas.
  • Our strong performance over New Years Eve shows that despite the ongoing pandemic, demand for Sonder spaces remains strong.
  • Sonder is very well positioned to meet those needs and to respond to new travel trends as they emerge.

Sonder Holdings Inc. Expands Canadian Operations With New Properties in Montreal and Toronto

Retrieved on: 
Tuesday, January 4, 2022
Commercial Building & Real Estate, Technology, Construction & Property, Software, Internet, Lodging, Other Construction & Property, Destinations, Residential Building & Real Estate, Travel, Sonder, Gores Metropoulos II, Inc., SONDER, GORES METROPOULOS II, INC.

These units are in addition to the over 120 live units across five existing Sonder locations in Toronto.

Key Points: 
  • These units are in addition to the over 120 live units across five existing Sonder locations in Toronto.
  • Canadian cities are international destinations that provide a great mix of contemporary apartment-style and hotel properties that work well in our portfolio, said Martin Picard, Co-Founder and Global Head of Real Estate at Sonder.
  • We look for properties located close to cultural or travel destinations and that are well-suited to design-forward, tech-enabled experiences.
  • Sonder distinguishes itself in the hospitality industry through applying forward thinking design and infusing technology into its properties and guest experience.

Sonder Holdings Inc. and Gores Metropoulos II, Inc. Announce Effectiveness of Registration Statement and Special Meeting to Approve Business Combination

Retrieved on: 
Thursday, December 23, 2021
Technology, Finance, Banking, Professional Services, Software, Networks, Lodging, Data Management, Consumer Electronics, Travel, Tripura Merger Agreement, Technology, The Gores Group, Sale, Prospectus, LLC, Private Securities Litigation Reform Act, Acquisition, Forward-looking statement, COVID-19, Special, GAAP, Live United Texarkana Bowl, Acceleration, U.S. Securities and Exchange Commission, Failure, Register, Communication, Risk, Average daily rate, Report of the Committee on Company Law Amendment, Registration statement, Proxy, SEC, Company, SEC filing, Adjustment, Person, Agreement, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Plan, Disclosure, Entrepreneurship, Dean Evan Hart, Nasdaq, Omicron, Form, Health, Attention, Growth, Total revenue, Travel, Form S-1, Dean Metropoulos, PIPE, Holding company, Security (finance), Mergers and acquisitions, Sonder, Gores Metropoulos II, Inc., SONDER, GORES METROPOULOS II, INC.

The registration statement was filed in connection with the proposed business combination of Gores Metropoulos II and Sonder.

Key Points: 
  • The registration statement was filed in connection with the proposed business combination of Gores Metropoulos II and Sonder.
  • If approved by Gores Metropoulos IIs stockholders, the business combination will become effective upon the satisfaction of all other closing conditions.
  • In connection with the proposed business combination, Gores Metropoulos II, Inc. has filed a registration statement on Form S-4 (the Registration Statement) that includes a preliminary proxy statement, prospectus and consent solicitation statement with respect to Gores Metropoulos IIs securities to be issued in connection with the proposed business combination.
  • This communication relates to a proposed business combination between Gores Metropoulos II and Sonder.

Sonder Holdings Inc. Reports Record Revenue for Q3 and Raises FY 2021 Revenue and Adjusted EBITDA Outlook

Retrieved on: 
Tuesday, November 9, 2021
Medical Supplies, Health, Technology, Other Technology, Other Health, Software, General Health, Sonder, Gores Metropoulos II, Inc., SONDER, GORES METROPOULOS II, INC.

Sonder is revolutionizing hospitality through innovative, tech-enabled service and inspiring, thoughtfully designed accommodations combined into one seamless experience.

Key Points: 
  • Sonder is revolutionizing hospitality through innovative, tech-enabled service and inspiring, thoughtfully designed accommodations combined into one seamless experience.
  • Average Daily Rate (ADR) represents the average revenue earned per night occupied and is calculated as revenue divided by Occupied Nights.
  • All references to Property Level Profit (Loss) (PLP or PLL) and Adjusted EBITDA in this document are based on our revised methodology as of September 2021.
  • Sonders full year Total Revenue and Adjusted EBITDA at year end may differ materially from the outlook above, which is not a comprehensive statement of Sonders financial results.

Sonder Holdings Inc. and Gores Metropoulos II, Inc. Announce Additional Committed Capital to Fully Fund Business Plan and Strategic Revision of Transaction Terms

Retrieved on: 
Thursday, October 28, 2021
Lodging, Travel, Vacation, Sonder, Gores Metropoulos II, Inc., SONDER, GORES METROPOULOS II, INC.

We continue to see a rebound in leisure travel, and we are aggressively pursuing our expansion plans and capturing significant consumer demand.

Key Points: 
  • We continue to see a rebound in leisure travel, and we are aggressively pursuing our expansion plans and capturing significant consumer demand.
  • We reported company-record quarterly revenue in Q2 and are eager to pursue continued growth, said Francis Davidson, Co-Founder and CEO of Sonder.
  • The proposed business combination remains on track to close in the second half of 2021, subject to approval by Gores Metropoulos IIs stockholders and other customary closing conditions.
  • Gores Metropoulos II stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of Gores Metropoulos II in Gores Metropoulos IIs registration statement on Form S-1 (File No.

Sonder Holdings Inc. Reports Record Revenue for Q2 and Raises FY 2021 Revenue Outlook

Retrieved on: 
Tuesday, August 10, 2021
Finance, Vacation, Professional Services, Lodging, Travel, Online, Live United Texarkana Bowl, Prospectus, Mergers and acquisitions, Contract, Proxy, PLC, Technology, Sale, PIPE, Private Securities Litigation Reform Act, Dean Evan Hart, Fortress Investment Group, Average daily rate, Insurance, Moore Capital Management, Failure, Acquisition, Health, Growth, Form, BlackRock, Registration statement, OTA, Dean Metropoulos, Forward-looking statement, Form S-1, SEC filing, Tripura Merger Agreement, Communication, Adjusted gross income, GMII, Register, The Gores Group, Risk, Maintenance, Adjustment, Central Finance and Contracts Unit (Turkey), Person, Special, Reading, PLL, LP, Depreciation, Attention, COVID-19, LLC, GAAP, PLP, Total revenue, Disclosure, SEC, EBITDA, Financial adviser, Security (finance), Bank, Sonder, Gores Metropoulos II, Inc., SONDER, GORES METROPOULOS II, INC.

Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience.

Key Points: 
  • Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience.
  • Live Units are defined as units which are available for guest bookings on Sonder.com, the Sonder app and other channels.
  • Sonder pays rent (or utilizes pre-negotiated abatement) and is able to generate revenue from these units.
  • Average Daily Rate (ADR) represents the average revenue earned per night occupied and is calculated as revenue divided by Occupied Nights.

Sonder Holdings Inc. Reports Strong First Quarter 2021 Results Driven by Rapidly Increasing Travel Demand and Continued Operational Excellence

Retrieved on: 
Wednesday, July 7, 2021
Finance, Vacation, Professional services, Lodging, Travel, Sonder, Sonder, Gores Metropoulos II, Inc., SONDER, GORES METROPOULOS II, INC.

Sonder Holdings Inc. (Sonder or the Company), a leading next-generation hospitality company that is redefining the guest experience, today announced financial results for the quarter ending March 31, 2021.

Key Points: 
  • Sonder Holdings Inc. (Sonder or the Company), a leading next-generation hospitality company that is redefining the guest experience, today announced financial results for the quarter ending March 31, 2021.
  • Sonder delivered robust unit and revenue growth, driven by strong indicators of a resurgence in travel demand.
  • Were thrilled with our strong first quarter results, which exceeded expectations across all key performance metrics.
  • We anticipate demand will continue increasing as more people feel safe to travel again, creating significant and sustainable tailwinds for Sonder during the traditional peak leisure summer season and beyond.