(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.