Sonder illustrates the downfall of 3 different product offerings in the lodging and travel space today. 2023 We deliver in-depth reporting, independent analysis and exclusive interviews Every week, straight in your inbox. Peter Thiel on Identifying Disruptive Companies: 10x Better than Competitors. Launched in 2015, Hostaway has helped thousands of vacation rental property managers regain their focus on growing their business. Furthermore, developers are not burdened with ongoing costs associated with tenant turnover and building maintenance. The companies estimate that Sonder will obtain $650 million USD in cash proceeds from the deal, which will increase the company's enterprise value to $2.2 billion. We only select apartments that will delight our customers.. Signage - Signs have been put up across Sonders buildings to encourage social distancing and occupancy limits. These forward-looking statements are based on Sonder's management's current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. We reserve the right to block IP addresses that submit excessive requests. Free Cash Flow Margin is defined as Free Cash Flow as a percentage of revenue. These risks, uncertainties, assumptions and other important factors include, but are not limited to: potential negative impacts on Sonder's financial results as a result of changes in travel, hospitality, real estate and vacation markets, including the possibility that travel demand and pricing do not recover to the extent anticipated, particularly in the current geopolitical and macroeconomic environment; potential inability to negotiate satisfactory leases or other arrangements to operate new properties, onboard new properties in a timely manner, or renew or replace existing properties on attractive terms, and the possibility of lease terminations prior to scheduled expirations; possible delays in real estate development and construction projects related to Sonder's leases, or other delays in generating revenues from new properties; the possibility that Sonder may not benefit from any market recovery to the extent it anticipates; risks and uncertainties associated with Sonder's recently announced Cash Flow Positive Plan, including the possibility that Sonder will not realize the anticipated cost savings, capital-light signings or cash flow improvements or will need to engage in additional fundraising, and the risk that the plan will adversely affect employee retention, effectiveness and hiring or other aspects of Sonder's business; the possibility that Sonder will be unable to effectively manage its growth; potential delays or difficulties introducing new or upgraded amenities, services or features, including enhancements to the Sonder app; the possibility that new RevPAR initiatives will not achieve the desired results and that future pricing and/or occupancy will be lower than anticipated; the possibility of higher than expected capital expenditures, property-related costs or other operating expenses and unanticipated conditions or incidents at leased properties; risks associated with Sonder's relationships with and reliance upon real estate owners, OTAs and other third parties, and their performance of their obligations; changes in applicable laws or regulations, including legal, tax or regulatory developments, and the impact of any litigation or other legal or regulatory proceedings; possible delays in sustainability initiatives; the possibility that Sonder may be adversely affected by other economic, business and/or competitive factors, including the additional risks associated with operating internationally; risks related to the impact of the ongoing COVID-19 pandemic, including the Omicron variant or future variants and further governmental and other restrictions (including travel restrictions) resulting therefrom; and other risks and uncertainties described under the heading "Risk Factors" in Sonder's most recent Quarterly Report on Form 10-Q filed with the SEC on May 16, 2022 and Annual Report on Form 10-K filed with the SEC on March 28, 2022. Something went wrong while submitting the form. These margins being driven by post-COVID recovery, better lease agreements, and RevPAR and Property Level Cost initiatives. At a valuation of ~$2B and considering their estimated 2022 revenue, Sonder's revenue multiple would fall below the median multiple of upscale lodging companies like Hilton and Mariott, just above the median multiple of digital hospitality and real estate companies like Redfin and Tripadavisor, and below the median multiple of vertical disruptors like Uber, Doordash, and Airbnb. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Sonder is showing projected metrics for 2025 that want to match its promises of an upscale positioning at a compelling price point ($220 ADR), great demand generation (77% occupancy), and contained real-estate and operating costs (32% margin on property level). For more information, please see the SECs Web Site Privacy and Security Policy. Sonder Holdings Inc. ("Sonder"), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced new appointments to its Board of Directors. KBW Fintech Payments Conference. JavaScript is disabled! Through innovative technology and thoughtfully designed accommodations, Sonder is revolutionizing the hospitality industry Combined company to have an estimated pro forma enterprise value of approximately $2.2 billion Business combination includes $650 million of cash proceeds from Gores Metropoulos II before expenses, Sonder pays rent (or utilizes pre-negotiated abatement) and is able to generate revenue from these units. Travel News, Airline Industry News and Hotel Industry News by Skift In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.While an option overlay is intended to improve performance, there is no guarantee that it will do so. Apellis SYFOVRE FDA Approval Conference Call Presentation 840.9 KB. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. IQHQ Appoints Janice Sears and Anshul Mangal as Independent Members to its Board of Dir.. Burberry Names Chief Officers for E-commerce/Digital, Merchandising, Burberry adds digital, merchandising chiefs to executive team, Sonder Holdings Inc. : Change in Directors or Principal Officers (form 8-K). 9800 Wilshire Boulevard. View All Reports . Free tools and resources like this shipped to you as they happen. selina investor presentation - View presentation slides online. Except as required by law, Sonder does not undertake any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this presentation. https://www.rentalscaleup.com/author/thibault-masson/, Vrbo to Switch to Expedia Group Platform in 2023: Challenges and Opportunities. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-T9S432" height="0" width="0" style="display:none;visibility:hidden"></iframe> Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. For investor inquiries: ir@sonder.com For media inquiries: https://investors.sonder.com/media-page Note: Gores Special Purpose Acquisition Companies (SPACs) are separate entities from The Gores Group with separate management, although there is overlap in size / industry of target acquisition and personnel involved. What is an Investor Presentation? Takeaway: Even with Sonder's phenomenal historical growth (and jaw-dropping estimated future growth), there will still be a LOTof room for even more growth in this core lodging market for many years to come. Sonder makes better stays accessible for everyone. Today's call will include non-GAAP financial measures, which should be considered in addition to and not as a substitute for or in isolation from our GAAP results. In April 2021, vacation rental and hospitality industry observers are looking at a new investor presentation deck from Sonder. Jet Token, a private aviation booking and membership platform that supports fractional aircraft ownership, plans to merge with Oxbridge Acquisition in a deal with an enterprise value of $45 million. Utilizing an option overlay strategy involves the risk that as the buyer of a put or call option, the buyer risks losing the entire premium invested in the option if the buyer does not exercise the option. Investor Presentation. He owns vacation rentals in St. Barths and Bali. For more investment insights, sign up for our email list below and subscribe to our YouTube channel. Sonder's evolving narrative (2019 Series D pitch deck vs. 2021 investor presentation) David Kim Published: February 22, 2022 Updated: March 3, 2022 It's interesting to see how Sonder's narrative has evolved from when they raised their series D in 2019 to when they were targeted for a SPAC in 2021. Volt does not seek to solicit or offer any of its products or services to any persons to whom doing so would otherwise be prohibited under the laws applicable to their place of citizenship, domicile or residence.Some of the content on this site may contain forward-looking statements, including but not limited to statements related to future expectations, based on Volts current outlook and assumptions. Free access to premium services like Tuneln, Mubi and more. With perks such as a concierge at your fingertips guests can enjoy the comforts and amenities of a hotel while renting their very own vacation rental space - the $1 billion hospitality startup, claims to offer personalized apartment rentals that offer the best of both worlds. NIRE 35.300.351.452. Download PDF. Its backers have included Fidelity, WestCap, ScaleUP Ventures, Real Ventures and Inovia Capital, among others. But even outside of the stay, Sonder leverages home-grown technology to optimize backend operations (e.g. Archived Events & Presentations. Thanks to its seamless check-in tech, digital concierge, and customer service via messaging, Sonder can give service guests without needing any or too many on-site staff, which is a source of cost savings. The company is still very much an urban player, but it has a lot of hotels to its inventory of short-term rentals. 08/11/2022 08:30 AM ET. Head over to Perfect Pitch Deck. In 2012, while he was a student at McGill University, Francis Davidson started renting out his own apartment and managing apartments of out-of-town students in the summers as a way to earn extra money. Hypothetical strategies and indices presented are unmanaged, do not reflect any fees, expenses, transaction costs, commissions or taxes, and one cannot invest directly in any of these. Corporate Overview. In terms of distribution, Sonder rents its units to customers through its own website and app Sonder also lists its properties with online travel agencies such as Expedia (EXPE), as well as Airbnb. Revenue Per Available Room ("RevPAR") represents the average revenue earned per available night, and is calculated either by dividing revenue by Bookable Nights, or by multiplying Average Daily Rate by Occupancy Rate. Extra measures have been taken to implement best practices for cleaning and sterilization across all units, both within the Sonder apartment / room and building-wide. Reference ID: 0.7ca50517.1677666887.260142e. Get research, business strategy, and tech analysis delivered to your inbox. All this allows them to cut down on operating costs by as much as ~50%. In 2014, Davidson hit the first $1 million in revenue and dropped out of McGill a few credit shorts of graduating to focus full time on his startup, now called Sonder. Investor Presentation (May 2022) 2021 Annual Shareholder Letter. According to Sonder, they sign multi-year fixed leases, mixed leases, or revenue shares as the anchor or sole tenant in your current properties and development projects, increasing NOI (Net Operating Income), accelerating lease-ups, and helping de-risk cash flow. This presentation (the "Presentation") contemplates a business combination (the "Transaction") involving Forest Road Acquisit ion Corp. ("FRX"), Beachbody, LLC ("Beachbody") and . Yet, their recent historical growth rate has been MUCH higher than the median of each of those industries. This 28-year-old turned his college side hustle into a $1.3 billion start-up backed by Jeff Bezos Read more on CNBC.COM The most innovative hospitality projects of 2020 Read more on FASTCOMPANY.COM Hospitality Startup Sonder Raises $170 Million At A $1.3 Billion Valuation During Covid-19 Travel Collapse Read more on FOBES.COM Yet, as the company grows internationally, and with an upscale positioning, the share of international and business travelers should grow. As a new player, its brand was not famous enough to attract direct bookings and its existing customer base was not large enough to make up for flow of new customers booking new Sonder locations on OTAs. The Takeover Date represents the date on which Sonder receives the keys and is able to begin onboarding a building (e.g., moving in furniture, staging / photographing units for listing). San Francisco, California, United States 501-1000 Post-IPO Equity Public www.sonder.com 869 Highlights Stock Symbol NASDAQ:SOND Total Funding Amount $839.6M Contacts 516 Employee Profiles 16 Investors 35 Similar Companies 33 To learn more, visit www.sonder.comor follow Sonder on Facebook, Twitteror Instagram. For more information, contact opendata@sec.gov. Media Relations Lissa Pavluk (617) 977-6764 media@apellis.com. Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighbourhood. Activate your 30 day free trialto continue reading. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. By E.B. Instead, guests are sent a secure key code prior to arrival for a completely contactless check-in. Governance. These costs include (i) channel fees paid to Online Travel Agencies, (ii) customer service costs, (iii) laundry/consumables costs, (iv) maintenance costs, and (v) utilities & insurance costs. Thank you for your interest in the U.S. Securities and Exchange Commission. 2021 FY Filings 2020 FY Filings . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Total Portfolio represents Live Units plus Contracted Units. In addition, the manager can set the temperature and turn on lights before guests arrive to ensure the most welcoming environment; turn off the heating and lights when guests depart to conserve energy; and coordinate housekeeping, cleaning, and maintenance. Transcript. Florida is a big travel market. Sonder wants to be a global hospitality brand and has already expanded internationally. Skip to main navigation . The information that can be accessed through hyperlinks or website addresses included herein is deemed not to be incorporated in or part of this presentation. EX-99.2 3 ea135103ex99-2_forestroad.htm INVESTOR PRESENTATION Exhibit 99.2 . It appears that you have an ad-blocker running. Investor Presentation for the Preliminary Fiscal 2021 Fourth Quarter and Full-Year Ended March 31, 2021 Feb 1, 2021 Presentations Investor Call Presentation for the Fiscal 2021 Third Quarter Ended December 31, 2020 Nov 11, 2020 . Officially launched in 2014 and headquartered in San Francisco, Sonder is making a world of better stays open to all with a variety of accommodation options from rooms to suites and apartments found in 40+ cities spanning ten countries and three continents. Competitive pricing and expert assistance to get you fundraise ready and confident. It is a positive sign that Sonder is growing and getting repeat purchases, referrals, and organic traffic. As an example, Sonder partners with an apartment REIT (Real Estate Investment Trust) and signs a lease for an unfinished property in order to renovate and operate the property. Investor Presentation > Latest Q3 2022 Earnings Release. Longevity Biomedical is focused on developing and acquiring new technologies spanning therapeutics, health monitoring and digital health solutions to become a leading provider of longevity-related products and services. The content should not be considered investment advice and is for educational purposes only. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Sonder has multiple offices across the globe, with Hub cities in Denver, San Francisco, Montreal and London/Amsterdam. The developer gets 100% occupancy immediately after completion, which is a great deal for them. You can read more of our analysis on Sonder's strategic position vs. hotels in this post. However, Sonder's definitions may differ from the definitions used by other companies and therefore comparability may be limited. . SAN FRANCISCO & LOS ANGELES-- ( BUSINESS WIRE )--Sonder Holdings Inc. ("Sonder'' or the "Company"), a leading next-generation hospitality company that is redefining the guest experience through. Sonder projects adjusted operating earnings will rise from a US$200-million . Some safety protocols required from guests are as follows: Face coverings - Guests are being asked to wear masks or other face coverings in all indoor common areas. Further information about these measures appears under "Key Terms" below. Debarshi Ghosh. Sign up to our email list so you don't miss a thing. Once again, Sonder explains how it blends its real-estate expertise, tech-savviness, and interior design to offer a consistent guest experience at an attractive price. Super hack for annoying LinkedIn connection requests, Email can suck less. We plan to have a multi-part series diving into Sonder's competition, strategy, leadership, and more. Sep 2021 - Aug 20221 year. Exclusive newsletter for rental entrepreneurs. The company's Sonder app gives guests self-service features, simple check-in, and 24/7 on-the-ground support, amenities, and services. Oops! To view our website, you How about a sneak peek at Sonders 2021 investor slide deck? Sonder basically takes over well-located apartment developments and hotels to redesign and relaunch them under its tech-savvy brand. Subscribe to Rental Scale-Ups newsletter to make better business decisions and stay ahead of your competitors. When used in this presentation, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "proposed," "guidance," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. However known and unknown risks and uncertainties may cause actual results to materially differ from what is expressed in such statements. Sonder's management uses these non-GAAP financial measures, collectively, to evaluate ongoing operations and for internal planning and forecasting purposes.
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