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Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2017
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,
 
2017
 
2016
Advisory services fee
 
 
 
Base advisory fee
$
2,003

 
$
2,025

Reimbursable expenses (1)
547

 
652

Equity-based compensation (2) 
(1,685
)
 
(613
)
 
$
865

 
$
2,064

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