Marriott International, Inc. has announced a long-term licensing agreement with Sonder Holdings Inc. (NASDAQ: SOND, “Sonder”), which is expected to add over 9,000 rooms to Marriott’s portfolio by year-end and approximately 1,500 rooms to its pipeline. Under this agreement, Sonder’s open and pipeline portfolio, which primarily consists of apartment-style accommodations in urban markets, is expected to be added to the Marriott system under a new collection called “Sonder by Marriott Bonvoy.”

Sonder has raised US$170 million in a Series E funding round. The deal, which was led by Fidelity Funds, Westcap and Inovia Capital, values the apartment rental company at US$1.3 billion.