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Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the advisory services fees incurred (in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Advisory services fee
 
 
 
 
 
 
 
 
Base advisory fee
 
$
2,206

 
$
2,164

 
$
4,231

 
$
4,369

Reimbursable expenses (1)
 
645

 
436

 
1,297

 
982

Equity-based compensation (2) 
 
2,699

 
442

 
2,086

 
911

Incentive fee
 
285

 
—

 
285

 
—

 
 
$
5,835

 
$
3,042

 
$
7,899

 
$
6,262

________
(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 LTIP units awarded to officers and employees of Ashford LLC.