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Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the advisory services fee incurred (in thousands):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Advisory services fee
 
 
 
 
 
 
 
 
Base advisory fee
 
$
2,300

 
$
2,103

 
$
6,579

 
$
6,334

Reimbursable expenses (1)
 
462

 
730

 
1,541

 
2,027

Equity-based compensation (2) 
 
(948
)
 
1,134

 
(2,298
)
 
3,220

Incentive fee
 
—

 
487

 
—

 
772

Total
 
$
1,814

 
$
4,454

 
$
5,822

 
$
12,353

________
(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.