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CHANGE IN PLAN OF SALE OF AGREE HOTEL PROPERTIES | 3 Months Ended
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Mar. 31, 2025
Change In Plan Of Sale Of Agree Hotel Properties |
CHANGE IN PLAN OF SALE OF AGREE HOTEL PROPERTIES | 5. CHANGE IN PLAN OF SALE OF AGREE HOTEL PROPERTIES On April 30, 2024, the Company had a change in plan of sale for its four hotels owned and operated by AGREE. As a result, as of April 30, 2024, the assets no longer met the held for sale criteria and were required to be reclassified as held and used at the lower of adjusted carrying value or the fair value at the date of the not to sell. For presentation purposes, the assets and liabilities previously held for sale were reclassified in the accompanying financial statements back to their original asset and liability groups at their previous carrying values.

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