Sonesta layoffs and TKO's $2 billion acquisition of its hotel assets

Reported on October 21, 2026, Sonesta International Hotels began layoffs last Friday, affecting departments including communications, marketing, loyalty, quality assurance, training, food and beverage, and accounting, and the chief brand officer also left in recent weeks. The report also mentioned that TKO made a $2 billion acquisition offer involving multiple premium hotels under Sonesta. No report currently explains the scale of the layoffs, the specific asset scope of the acquisition offer, or the transaction's progress.