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Related Party Transactions (Tables) | 9 Months Ended
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Sep. 30, 2018
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | The following tables summarize the entities in which our advisor has an interest with which we or our hotel properties contracted for products and services, the amounts recorded by us for those services and the applicable classification on our condensed consolidated financial statements (in thousands):
|  |  | Three Months Ended September 30, 2018
Company |  | Product or Service | Total, net | Investments in Hotel Properties, net (1) |  | Indebtedness, net (2) |  | Other Hotel Expenses |  | Corporate General and Administrative
OpenKey |  | Mobile key app | $ | 5 |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |
Pure Rooms |  | Hypoallergenic premium rooms | 128 |  | 117 |  |  | — |  |  | 11 |  |  | — |
RED Leisure |  | Watersports activities and travel/transportation services | 180 |  | — |  |  | — |  |  | 180 |  |  | — |
Premier |  | Project management services | 1,125 |  | 1,125 |  |  | — |  |  | — |  |  | — |
Ashford LLC |  | Insurance claims services | 31 |  | — |  |  | — |  |  | — |  |  | 31 |
________
(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.
|  |  | Nine Months Ended September 30, 2018
Company |  | Product or Service | Total, net | Investments in Hotel Properties, net (1) |  | Indebtedness, net (2) |  | Other Hotel Expenses |  | Corporate General and Administrative
OpenKey |  | Mobile key app | $ | 17 |  | $ | — |  |  | $ | — |  |  | $ | 17 |  |  | $ | — |
Pure Rooms |  | Hypoallergenic premium rooms | 147 |  | 117 |  |  | — |  |  | 30 |  |  | — |
RED Leisure |  | Watersports activities and travel/transportation services | 540 |  | — |  |  | — |  |  | 540 |  |  | — |
Premier |  | Project management services | 1,125 |  | 1,125 |  |  | — |  |  | — |  |  | — |
Lismore Capital |  | Mortgage placement services | 999 |  | — |  |  | (999 | ) |  | — |  |  | — |
Ashford LLC |  | Insurance claims services | 100 |  | — |  |  | — |  |  | — |  |  | 100 |
________
(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.
The following table summarizes the due to Ashford Inc. (in thousands):
|  |  |  | September 30, 2018 |  | December 31, 2017
Company |  | Product or Service |  | Due to Ashford Inc.
Ashford LLC |  | Advisory services |  | $ | 2,525 |  |  | $ | 1,654 |
Ashford LLC |  | Insurance claims services |  | 30 |  |  | — |
OpenKey |  | Mobile key app |  | 2 |  |  | 4 |
Pure Rooms |  | Hypoallergenic premium rooms |  | — |  |  | 45 |
Premier |  | Project management services |  | 625 |  |  | — |
|  |  |  | $ | 3,182 |  |  | $ | 1,703 |
The following table summarizes the advisory services fees incurred (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Advisory services fee |  |  |  |  |  |  |
Base advisory fee | $ | 2,508 |  |  | $ | 2,300 |  |  | $ | 6,928 |  |  | $ | 6,579 |
Reimbursable expenses (1) | 529 |  |  | 462 |  |  | 1,448 |  |  | 1,541 |
Equity-based compensation (2) | 1,316 |  |  | (948 | ) |  | 5,240 |  |  | (2,298 | )
Incentive fee | 1,380 |  |  | — |  |  | 2,241 |  |  | — |
Total | $ | 5,733 |  |  | $ | 1,814 |  |  | $ | 15,857 |  |  | $ | 5,822 |
________
(1) | Reimbursable expenses include overhead, internal audit, risk management advisory and asset management services.
(2) | Equity-based compensation is associated with equity grants of Braemar’s common stock, PSUs, LTIP units and Performance LTIP units awarded to officers and employees of Ashford LLC.

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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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