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Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2018
Related Party Transactions [Abstract] |
Schedule of related party transactions | The following table summarizes the advisory services fees incurred (in thousands):
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Advisory services fee |  |  |  |  |
Base advisory fee | $ | 9,424 |  |  | $ | 8,800 |  |  | $ | 8,343 |
Reimbursable expenses (1) | 2,072 |  |  | 2,017 |  |  | 2,798 |
Equity-based compensation (2) | 6,481 |  |  | (1,683 | ) |  | 3,814 |
Incentive fee | 2,035 |  |  | — |  |  | — |
Total | $ | 20,012 |  |  | $ | 9,134 |  |  | $ | 14,955 |
________
(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.
At December 31, 2018, 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,
| 2018 |  | 2017 |  | 2016
Property management fees, including incentive property management fees | $ | 1,762 |  |  | $ | 1,748 |  |  | $ | 1,503 |
Market service and project management fees | 3,328 |  |  | 3,972 |  |  | 2,453 |
Corporate general and administrative expenses | 333 |  |  | 286 |  |  | 136 |
Total | $ | 5,423 |  |  | $ | 6,006 |  |  | $ | 4,092 |
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 financial statements (in thousands):
|  |  | Year Ended December 31, 2018
Company |  | Product or Service | Total | Investments in Hotel Properties, net (1) |  | Indebtedness, net (2) |  | Other Hotel Expenses |  | Corporate General and Administrative
Ashford LLC |  | Insurance claims services | $ | 137 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 137 |
Lismore Capital |  | Mortgage placement services | 999 |  | — |  |  | (999 | ) |  | — |  |  | — |
OpenKey |  | Mobile key app | 33 |  | 12 |  |  | — |  |  | 21 |  |  | — |
Pure Wellness |  | Hypoallergenic premium rooms | 265 |  | 228 |  |  | — |  |  | 37 |  |  | — |
Premier |  | Project management services | 3,958 |  | 3,958 |  |  | — |  |  | — |  |  | — |
RED Leisure |  | Watersports activities and travel/transportation services | 720 |  | — |  |  | — |  |  | 720 |  |  | — |
________
(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.
|  |  | Year Ended December 31, 2017
Company |  | Product or Service | Total | Investments in Hotel Properties, net (1) |  | Indebtedness, net (2) |  | Other Hotel Expenses |  | Corporate General and Administrative
Lismore Capital |  | Mortgage placement services | $ | 224 |  | $ | — |  |  | $ | (224 | ) |  | $ | — |  |  | $ | — |
OpenKey |  | Mobile key app | 10 |  | — |  |  | — |  |  | 10 |  |  | — |
Pure Wellness |  | Hypoallergenic premium rooms | 45 |  | 45 |  |  | — |  |  | — |  |  | — |
________
(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 components of due to Ashford Inc. (in thousands):
|  |  |  | Due to Ashford Inc.
Company |  | Product or Service |  | December 31, 2018 |  | December 31, 2017
Ashford LLC |  | Advisory services |  | $ | 2,264 |  |  | $ | 1,654 |
Ashford LLC |  | Insurance claims services |  | 37 |  |  | — |
OpenKey |  | Mobile key app |  | 13 |  |  | 4 |
Pure Wellness |  | Hypoallergenic premium rooms |  | 30 |  |  | 45 |
Premier |  | Project management services |  | 1,657 |  |  | — |
|  |  |  | $ | 4,001 |  |  | $ | 1,703 |

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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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