BlackRock Joins Marriott in Getting Caught Up in Sonder Collapse

Lodging firm Sonder Holdings Inc. entered liquidation in Delaware on Friday, disclosing several funds under BlackRock Inc. as its creditors.

The company’s bankruptcy has already dealt a blow to Marriott International Inc., which made Sonder hotels bookable on its website and app in an ill-fated bid to add rooms to its global network. Marriott provided funding to “critical short-term obligations” the day before it terminated the licensing agreement, according to a court filing on Friday.

The Chapter 7 petition listed estimated assets and liabilities in the range of $1 billion to $10 billion each. Several entities under BlackRock, including ...