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Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2017
Related Party Transactions [Abstract] |
Schedule of related party transactions | The following table summarizes the advisory services fees incurred (in thousands):
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Advisory services fee |  |  |  |  |
Base advisory fee | $ | 8,800 |  |  | $ | 8,343 |  |  | $ | 8,648 |
Reimbursable expenses (1) | 2,017 |  |  | 2,798 |  |  | 1,827 |
Equity-based compensation (2) | (1,683 | ) |  | 3,814 |  |  | 3,592 |
Incentive fee | — |  |  | — |  |  | 3,822 |
| $ | 9,134 |  |  | $ | 14,955 |  |  | $ | 17,889 |
________
(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.
The following table summarizes the entities in which our advisor has an interest with which we or our hotel properties contracted for products and services, the fees paid by us for those services, the applicable classification on our consolidated financial statements and the amount payable to each entity (included in “due to Ashford Inc.”) (in thousands):
|  |  | Year Ended December 31, 2017 | As of December 31, 2017
Company |  | Product or Service | Transaction Amount | Investments in Hotel Properties, net (1) |  | Indebtedness, net (2) |  | Other Hotel Expenses | Due to Ashford Inc.
OpenKey |  | Mobile key app | $ | 10 |  | $ | — |  |  | $ | — |  |  | $ | 10 |  | $ | 4 |
Pure Rooms |  | “Allergy friendly” premium rooms | 45 |  | 45 |  |  | — |  |  | — |  | 45 |
Lismore Capital |  | Mortgage placement services | 224 |  | — |  |  | (224 | ) |  | — |  | — |
________
(1) | Recorded in furniture, fixtures and equipment and depreciated over the estimated useful life.
(2) | Recorded as deferred loan costs, which are included in “indebtedness, net” on our consolidated balance sheets and amortized over the initial term of the applicable loan agreement.
At December 31, 2017, Remington Lodging managed three of our twelve hotel properties and we incurred the following fees related to the management agreements with the related party (in thousands):
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Property management fees, including incentive property management fees | $ | 1,748 |  |  | $ | 1,503 |  |  | $ | 1,313 |
Market service and project management fees | 3,972 |  |  | 2,453 |  |  | 1,645 |
Corporate general and administrative expenses | 286 |  |  | 136 |  |  | 98 |
Total | $ | 6,006 |  |  | $ | 4,092 |  |  | $ | 3,056 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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