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Sonder to Raise $200 Million in Funding for Its Hotel and Short-Term Rental Model

A shot of a Sonder residence. The company expects to raise $200 million as part of a Series E funding round set to close soon, as the boutique hotel-style lodging startup booms. Sonder Skift Take: Sonder is now the second unicorn in the short-term rental and hotel sector after Airbnb. At this rate, Sonder will […]

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Expedia Shuts a Short-Term Rental Biz It Created From 2 Acquisitions

Pictured is an apartment building that was managed by Vacasa. Expedia Group shuttered its short-term rental service for buildings of this type. Vacasa Skift Take: Expedia Group is trying to simplify its far-flung operations, and its multifamily, short-term rental business wasn’t a core endeavor. That’s especially true when you consider how Covid-19 has decimated demand […]

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StayPlease Raises Funds to Expand ‘Slack for Hotels’: Travel Startup Funding This Week

StayPlease is like Slack for hotels. StayPlease Skift Take: This week’s travel startups, including Sonder, StayPlease, and Bolt, released a series of funding announcements, many of them for undisclosed amounts. — Rosie Spinks Read the Complete Story On Skift

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Boutique Rental Brand Sonder Raises Another $225 Million

A Sonder unit. The company is getting more funding. Sonder Skift Take: Sonder’s hotel-style serviced apartments operate in that sweet spot between Airbnb homeshares and full-on hotels. There are, of course, plenty of rivals doing a similar thing, but this funding round will enable Sonder to expand its business and give it a competitive edge. […]