Annual report pursuant to Section 13 and 15(d)

Assets and Liabilities Held for Sale

v3.22.4
Assets and Liabilities Held for Sale
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Assets and Liabilities Held for Sale
7. 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 sale of its Wyndham Grand Bonnet Creek Resort and Wyndham Grand Rio Mar Resort, respectively, resulting in no assets or liabilities left held for sale. See Note 18 - Other Expenses and Charges for more information on the sales.
The Company’s Consolidated Balance Sheets include the following with respect to assets and liabilities held for sale:
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