sonder spac investor presentation

The company previously raised more than $560 million and is backed by investors Stanza Living, an India-based co-living company, raised a $102M Series B. However, over the last couple of years, Sonder has begun to expand its presence in Montral once more. The travel and hospitality industry has been hit hard by the ongoing pandemic, which has led many to cancel, postpone, or scale down their travel plans, impacting both traditional hotels and tech companies like Sonder and Airbnb. You can see their 2019 Series D investor pitch deck here. Now, roughly 50% of our growth is conversion of independent hotels into Sonder hotels. Unless otherwise noted, any performance returns presented in these materials reflect hypothetical performance. None of Volts proprietary content may be reproduced or referenced, in full or in part, in any other publication without the expressed written consent of Volt. Hypothetical strategies and indices presented are unmanaged, do not reflect any fees, expenses, transaction costs, commissions or taxes, and one cannot invest directly in any of these. 2019, US$ 142.908 million The brand generates $10 million per quarter, CoStar said. Gores Metropoulos II stockholders will also be able to obtain copies of the definitive proxy statement/consent solicitation statement/prospectus, without charge, once available, at the SECs website at www.sec.gov or by directing a request to: 6260 Lookout Road, Boulder, CO 80301, attention: Jennifer Kwon Chou, or by contacting Morrow Sodali LLC, the Companys proxy solicitor, for help, toll-free at (800) 662-5200 (banks and brokers can call collect at (203) 658-9400). These forward-looking statements are based on Gores Metropoulos IIs or Sonders managements current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Mitsubishi UFJ to sell SF office building at expected 80% discount, Miami luxury real estate agent pleads guilty in PPP fraud case, Sonder to open in Flatiron Hotel next month. Exclusive news, data and analytics for financial market professionals. In this space you will find all of our financial reports, presentations, webcasts and relevant video material. Its analytics can be used to ensure workers comply with safety standards; managers can use it to benchmark performance. When used in this press release, the words estimates, projected, expects, anticipates, forecasts, plans, intends, believes, seeks, may, will, should, future, propose and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. GMII dropped 5.5% today and closed at $8.86. 2020, US$ 240.663 million (LOSS) Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. "If travel demand dries up, let's find traveling nurses. It's a really robust process to ensure that we're covered on the downside and that we only take on properties that are going to be really, really profitable and valued by our guests. Sonder also expects to have approximately $310 million in private investment in public equity (PIPe) proceeds, up to $450 million in cash in Gores Metropoulos II's trust account and $165 million of delayed draw notes to fund operations and support new and existing growth initiatives. We are really proud of what weve achieved to date and want to recognize the dedication of all Sonderites. We have built technology that our guests can benefit from, like the mobile app where you can manage your entire stay. This was a theory back in 2018, and we tested it out for a few dozen properties, and it was proved that it's worked extremely well. The results presented should not be viewed as indicative of the adviser skill and do not reflect the performance results that were achieved by any particular client. Investing involves risk and possible loss of principal capital. Sonder projected it will have 77,000 units within five years. Content is subject to change without notice. Sonder confirmed Friday that it will go public by merging with a SPAC backed by billionaires Alec Gores and Dean Metropoulos. Let's also plug in our technology and modernize this hotel so that the customer experience can be improved and the cost structure can go down.". On the supply side, the new deals that we struck with real-estate owners meaningfully improved. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 2012-2023 BetaKit Incorporated. WebReports & Presentations. You can read more of our analysis on Sonder's strategic position vs. hotels in this post. However known and unknown risks and uncertainties may cause actual results to materially differ from what is expressed in such statements. 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 recently announced its entry into France with the opening of a property in Paris near the iconic Champs-lyses, as well as large expansions of its operations in the Middle East and Mexico. I think it's really important to underscore that we are a technology meets operations company. Gores Metropoulos II, Inc. (Nasdaq: GMIIU, GMII and GMIIW), 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 Dean Metropoulos of Metropoulos & Co., announced that they have entered into a definitive agreement to combine with Sonder. Chris Mammone, The Blueshirt Group Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. Past investors in Sonder include Atreides Management, LP, Bezos Expeditions, GreenOaks, Fidelity Management & Research, GreyLock Partners, iNovia, Spark Capital, Tao, Valor Equity Partners, Westcap, and the Wilson family. These margins being driven by post-COVID recovery, better lease agreements, and RevPAR and Property Level Cost initiatives. In the markets that we're in we're talking about substantial investments into those local economies either through our partners or with the employees that we have on the ground. Sonder reported $116 million in revenue last year, a 19% drop year-over-year. British Land, the U.K.s largest REIT, sold its property management platform to Australia-based Equiem. During this period, the adviser was not providing advice using any models mentioned and clients results may have been materially different. Sonder, founded in 2014, operates short-term rentals out of different types of properties: The company began by operating out of traditional apartments in residential buildings, before expanding to full-building apartment hotels and, more recently, standard hotels. A key takeaway from todays news is that our ambitious growth and expansion strategy remains unchanged and should be fully-funded. The startups software lets hosts manage listings, communicate with tenants, process payments and send push notifications. Over the course of their careers, Messrs. Gores and Metropoulos and their respective teams have invested in more than 180 portfolio companies through varying macroeconomic environments with a consistent, operationally-oriented investment strategy. And this is really the purpose that the technology serves. For more investment insights, sign up for our email list below and subscribe to our YouTube channel. Sonder revenues are rising while its losses are widening, even as SPAC deals are coming under additional pressure. The announcement follows a grueling year for hospitality. In the past year alone, weve launched in three additional countries and expanded our operations in dozens of other markets, and we expect to continue to scale our business and innovate to adapt to the needs of emerging traveler segments like digital nomads.. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. See here for a complete list of exchanges and delays. Stay up to date with what you want to know. Sard Verbinnen & Co Finsbury Glover Hering Special purpose acquisition companies are shells that raise funds through an IPO without underlying assets. Also, securities and options traded in over-the-counter markets may trade less frequently and in limited volumes and thus exhibit more volatility and liquidity risk.The content on this site is not intended to serve as financial advice nor should it be the sole basis for any investment decisions. Instantly search thousands of Decks by world-leading companies on Slidebook SPAC December 2016 Despegar Mergers and Acquisitions Sonder Start Up January 2019 Related decks Tripadvisor Investor It proved to be really successful: We managed to bring occupancy rates back to pre-pandemic levels quite rapidly. While the travel industry has faced headwinds with the ongoing pandemic, Sonder has continued to grow at a rapid clip, proving the resiliency of our business model and demonstrating our ability to pivot quickly to address emerging trends and traveler needs. 2019, US$ 178.767 million (LOSS). We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox. Additional Information and Where to Find It. This comes as the travel and short-term-rental industries are set to rebound after pandemic lows. The SPAC attack is back for a San Francisco-based hospitality startup. 1 to Agreement and Plan of Merger, dated as of October 27, 2021, by and among Gores Metropoulos II, Sonder and the other parties to the Merger Agreement (such amendment, Amendment No. We're not acquiring these assets, but we're running a process that's just as thorough. And their 2021 SPAC merger investor presentation here. ir@sonder.com The idea of contactless service and skipping the front desk and going straight to your room are things that are now sought out by a larger share of consumers. Please contact our IR department. WebReports & Presentations. Sonder will receive approximately $110 million in additional capital from affiliates of Gores Metropoulos II and other leading investors, including Fidelity SPAC Cash in Trust, US$ 450 million See here for a complete list of exchanges and delays. In an investor presentation, Sonder said it generated $116.2 million in revenue in 2020 and lost $240.6 million. SWFI is a minority-owned organization. Official notification to shareholders of matters to be brought to a vote ("Proxy") DEF 14A. We could partner with independent hotel owners and figure out a way to say, "Hey, let's put our design capabilities in here to uplift the aesthetics of the property to attract our modern travelers. Goldman Sachs serves as the financial advisor to Sonder, while Morgan Stanley is the lead financial advisor to Gores Metropoulos. Kindred Group plc reports in accordance with IFRS and has calendar year as financial year. It has also pushed back the completion of its reverse merger deal with Gores Metropoulos II, the black check company backed by the Gores Group that is taking it public, from the earlier anticipated close October 28 this year to January 31, 2022, though the two insist they will close the deal by the end of the year. In 2020, Sonder had 5,000 units (with contracts for another 7,000). Sonder is dependent on landlords to manage and maintain properties and maybe unable to negotiate attractive rates with new properties. What does that mean for hospitality jobs? Get the latest news about hotels and short-term rentals delivered to your inbox once a week. jchou@gores.com San Francisco-based Sonder works with real estate developers, who build the properties that Sonder later operates under its brand name. WebCombination with Gores Metropoulos II . Gores Metropoulos II raised $450 million in a January IPO, and raised an additional $200 million from PIPE investors, including BlackRock, Fidelity and Senator Investment Group. The content should not be considered investment advice and is for educational purposes only. 2021, Volt Equity (Volt). We plan to have a multi-part series diving into Sonder's competition, strategy, leadership, and more. Earlier this month, the firm said it would buy Homes.com for $156 million. Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup and Deutsche Bank Securities Inc. are serving as joint lead placement agents on the PIPE. Their view is that we'll see a full recovery of revenue per available room by 2023 or 2024, depending on the market. Gores Metropoulos II stockholders and other interested persons are advised to read, when available, the Registration Statement and the proxy statement/consent solicitation statement/prospectus, as well as any amendments or supplements thereto, because they will contain important information about the proposed Business Combination. Hypothetical model results have many inherent limitations, some of which, but not all, are described herein. Amid a rebound in leisure travel demand, Sonder reported record quarterly revenue and year-over-year (YoY) growth in the third quarter of 2021, with revenue of $67.5 milliona 155 percent YoY increase, and a 43 percent increase compared to Q2 of last year. John Christiansen/Cassandra Bujarski WebSonder Holdings, Inc., a leading next-generation hospitality company, and Gores Metropoulos II, Inc. announce closing of business combination. The deal would value Sonder at $2.2 billion, almost $1 billion more than its June valuation of $1.3 billion, and includes $650 million in total cash proceeds. Investors should also understand that there is no guarantee that Volts investment strategies or decisions will prove to be profitable. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Investors should be aware of the inherent risks involved in investing in the markets and that past performance is not an indication of future results. Why are landlords willing to fund that much capital expenditure? But in the end, the pandemic didnt cause a housing meltdown or a meaningful deterioration in CEO pay. Additional risks and uncertainties are identified and discussed in Gores Metropoulos IIs reports filed with the SEC and available at the SECs website at www.sec.gov. The business combination was approved at a special meeting of Gores Metropoulos II stockholders on January 14, 2022. The Sonder app gives guests full control over their stay. Goldman Sachs & Co. LLC is serving as exclusive financial advisor to Sonder. is serving as legal advisor to Sonder. The Series D was led by Apax Digital Fund and brings Guestys total funding to more than $110 million. The father and son were also co-founders of BlueTail, a social media marketing startup acquired by Salesforce in 2012. View. WebLaunched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options from spacious rooms to fully-equipped suites and apartments The SPAC merger also includes a $200 million PIPE investment from Fidelity and funds managed by BlackRock and other firms. San Francisco-based Sonder Holdings Inc. (Sonder) officially launched in 2014 and was co-founded by Francis Davidson, Chief Executive Officer, and Martin Picard, Global Head of Real Estate. WebInvestor Presentation (March 2023)21.8 MB 3Q22 Shareholder Letter5.8 MB 2Q22 Shareholder Letter6.5 MB Cash Flow Positive Plan Presentation1.4 MB 1Q22 OR Sonder continues to generate impressive results amid the ongoing recovery of the travel industry and is well positioned for future growth given their unique value proposition. The now United States-based company has strong Canadian roots. 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. Wu only took $189,584, however, voluntarily donating the rest to a company relief fund for affected employees. Our view was that we wanted to lean into the recovery. It projected $4 billion in revenues in 2025, and No affiliation or endorsement, express or implied, is provided by their use. But Sonder is able to score well on all 3 dimensions. Sonder reported $116 million in revenue last year, a 19% drop year-over-year. Investor Contacts For proof that travel is back, look no further than Sonders $2.2 billion SPAC deal. We're a design company. Moelis & Company LLC acted as additional financial advisor to GM II. The Registration Statement, including the proxy statement/consent solicitation statement/prospectus contained therein, when it is declared effective by the SEC, will contain important information about the proposed Business Combination and the other matters to be voted upon at a meeting of Gores Metropoulos IIs stockholders to be held to approve the proposed Business Combination and other matters (the Special Meeting) and is not intended to provide the basis for any investment decision or any other decision in respect of such matters.

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