Assets and Liabilities Held for Sale
|6 Months Ended|
Jun. 30, 2022
|Property, Plant and Equipment [Abstract]|
|Disposal Groups, Including Discontinued Operations, Disclosure||
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:
The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef