Skift Take
Landlords approached Sonders' rivals to take over properties where Sonder was trying to renegotiate terms or exit from master leases.
Short-term rental operators including Kasa Living, Placemakr, and AvantStay are taking over properties managed by Sonder.
San Francisco-based Kasa Living opened Kasa Gaslamp Quarter in San Diego last week, which used to be a Sonder-operated property, and signed the contract for another in Alexandria, Virginia.
Kasa Living CEO Roman Pedan said that it has taken over more than five Sonder properties and is in the process of negotiating on more.
Similarly, Washington D.C.-based Placemakr opened Placemakr Noma last week, which it took over from Sonder.
Placemakr CEO Jason Fudin said that it’s evaluating more Sonder properties to either operate or purchase. AvantStay is taking over two formerly Sonder-operated buildings in Nashville.
A Blueground spokesman said that it has been approached by landlords to take over some Sonder lease agreements, and the team is determining whether they make sense for Blueground’s portfolio.
Rivals Working With Sonder Landlords“We