Quarterly report pursuant to Section 13 or 15(d)

Assets and Liabilities Held for Sale

v3.22.1
Assets and Liabilities Held for Sale
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure
6. ASSETS AND LIABILITIES HELD FOR SALE
During the fourth quarter of 2021, the Company’s Board approved a plan to sell its two owned hotels. In March 2022, the Company completed the sale of its Wyndham Grand Bonnet Creek Resort. See Note 15 - Other Expenses and Charges for more information on the sale. As of March 31, 2022, the assets and liabilities of its remaining owned hotel were reported in assets held for sale and liabilities held for sale on the Condensed Consolidated Balance Sheet.
The Company’s Condensed Consolidated Balance Sheets include the following with respect to assets and liabilities held for sale:
March 31, 2022 December 31, 2021
Assets:
Trade receivables, net
 $ 3  $ 4 
Other current assets 2  4 
Property and equipment, net 62  146 
Total assets held for sale $ 67  $ 154 
Liabilities:
Accrued expenses and other current liabilities $ 5  $ 8 
Deferred revenues 5  6 
Other liabilities 3  3 
Total liabilities held for sale $ 13  $ 17