Quarterly report pursuant to Section 13 or 15(d)

Assets and Liabilities Held for Sale

v3.22.2
Assets and Liabilities Held for Sale
 6 Months Ended
Jun. 30, 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 and May 2022, the Company completed the sales of its Wyndham Grand Bonnet Creek Resort and Wyndham Grand Rio Mar Resort, respectively. As of June 30, 2022, both sales have been completed, resulting in no assets left held for sale. See Note 15 - Other Expenses and Charges for more information on the sales.
The Company’s Condensed Consolidated Balance Sheets include the following with respect to assets and liabilities held for sale:
June 30, 2022 December 31, 2021
Assets:
Trade receivables, net
 $ —  $ 4 
Other current assets —  4 
Property and equipment, net —  146 
Total assets held for sale $ —  $ 154 
Liabilities:
Accrued expenses and other current liabilities $ —  $ 8 
Deferred revenues —  6 
Other liabilities —  3 
Total liabilities held for sale $ —  $ 17