(Dollars in thousands, except average daily rate ("ADR") and revenue per available room ("RevPAR"))

Net income (loss) attributable to Common

The following table sets forth certain information for each of our Consolidated Hotels and our Unconsolidated Hotel as of June 30, 2022:

Embassy Suites by Hilton Denver-Downtown/Convention Center

Supplemental Financial Measures below for our definition of non-GAAP measures and reconciliations to their most directly comparable GAAP measures.

Gain on Sale of Real Estate, Net

Equity in Earnings (Losses) of Equity Method Investments in Real Estate, Net

(a)The results for the three and six months ended June 30, 2022 reflect an improvement in the performance of the hotel during 2022 as compared to comparable periods in 2021.

Loss on Extinguishment of Debt

(Income) Loss Attributable to Noncontrolling Interests

The following table sets forth our (income) loss attributable to noncontrolling interests (in thousands):

MFFO is a non-GAAP measure that we use to evaluate our business. For a definition of MFFO and a reconciliation to net income or loss attributable to Common Stockholders, see Supplemental Financial Measures below.

For the three and six months ended June 30, 2022 as compared to the same periods in 2021, MFFO improved by $39.2 million and $72.2 million, respectively. Relative to the prior year periods, we benefited from significant growth in demand due to an increase in vaccinations and corresponding loosening of government-imposed restrictions on travel and large gatherings.

Sources and Uses of Cash During the Period

circumstances redemptions of common stock and redemptions of common stock that are funded with proceeds from issuances of common stock under the Company's distribution reinvestment plan.

The table below summarizes our non-recourse debt, net (dollars in thousands):

The $60.6 million outstanding mortgage loan on Courtyard Times Square West matured on June 1, 2021 and we have not paid off the outstanding principal balance. The loan does not have any cross-default provisions with our other mortgage obligations. We are currently in the process of exploring various options as it relates to this asset, including but not limited to, surrendering the property back to the lender.

At June 30, 2022, our cash resources consisted of cash and cash equivalents totaling $205.7 million, of which $61.7 million was designated as hotel operating cash and was held at our hotel operating properties.

Capital Expenditures and Reserve Funds

FFO and MFFO were as follows (in thousands):

Net Income (Loss) Attributable to Common

MFFO attributable to Common Stockholders $ 36,517 $ (2,707) $ 35,738

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