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Relationships with Managers and Franchisors (Tables) | 12 Months Ended
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Dec. 31, 2020
Relationships With Managers [Abstract] |
Summary of Management Fees from Continuing Operations | The following is a summary of management fees for the years ended December 31, 2020, 2019 and 2018 (in thousands):
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Base management fees | $ | 6,908 |  |  | $ | 21,712 |  |  | $ | 20,467 |
Incentive management fees | — |  |  | 5,705 |  |  | 5,805 |
Amortization of deferred income related to key money | (227) |  |  | (227) |  |  | (2,398) |
Amortization of unfavorable contract liabilities | (3,103) |  |  | (1,715) |  |  | (1,715) |
Total management fees, net | $ | 3,578 |  |  | $ | 25,475 |  |  | $ | 22,159 |
Schedule of Franchise Fees | The following is a summary of franchise fees for the years ended December 31, 2020, 2019 and 2018 (in thousands):
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Franchise fees | $ | 10,301 |  |  | $ | 27,102 |  |  | $ | 26,348 |
Amortization of deferred income related to key money (1) | (170) |  |  | (170) |  |  | (170) |
Total franchise fees, net | $ | 10,131 |  |  | $ | 26,932 |  |  | $ | 26,178 |
_____________________________ (1)Relates to key money received for The Lexington Hotel.

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