Nov 9 (Reuters) - Hotel operator Marriott International ( MAR )

on Sunday said its licensing agreement with lodging

rentals company Sonder ( SOND ) has been terminated due to a

default from Sonder ( SOND ).

Sonder ( SOND ), which provides apartment-style accommodations,

signed an agreement with Marriott ( MAR ) in 2024 that sent its shares

skyrocketing.

Under the deal, Sonder ( SOND ) enhanced its liquidity profile by

about $146 million, with over 9,000 units expected to join the

Marriott ( MAR ) system by the end of 2024.

As a result of the termination, Marriott ( MAR ) said Sonder ( SOND ) is no

longer affiliated with Marriott Bonvoy, adding that Sonder ( SOND )

properties are not available for new bookings on Marriott's ( MAR )

channels.

Marriott ( MAR ), in a separate statement, said that it now expects

its full-year net rooms growth to be 4.5%, because of the

termination, a dip from last week, when the company said it saw

yearly net rooms growth approaching 5%.

Sonder ( SOND ) did not immediately reply to a request for comment

outside regular business hours.

The company, which offers refurbished properties for

short-term rentals, agreed to go public at a valuation of around

$2.2 billion in 2021. It now has market value of around $6.79

million, according to data from LSEG.