XML 44 R32.htm IDEA: XBRL DOCUMENT v3.4.0.3
Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2016
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the advisory services fees incurred (in thousands):
 
Three Months Ended March 31,
 
2016
 
2015
Advisory services fee
 
 
 
Base advisory fee
$
2,025

 
$
2,205

Reimbursable expenses (1)
652

 
546

Equity-based compensation (2) 
(613
)
 
469

 
$
2,064

 
$
3,220

________
(1) 
Reimbursable expenses include overhead, internal audit, insurance claims advisory and asset management services.
(2)  
Equity-based compensation is associated with equity grants of Ashford Prime’s common stock and Long-Term Incentive Plan (“LTIP”) units awarded to officers and employees of Ashford LLC.