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Related Party Transactions (Tables) | 9 Months Ended
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Sep. 30, 2019
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, 2019
Company |  | Product or Service | Total | Investments in Hotel Properties, net (1) |  | Indebtedness, net (2) |  | Other Hotel Revenue |  | Other Hotel Expenses |  | Advisory Services Fee |  | Property Taxes, Insurance and Other |  | Write-off of Premiums, Loan Costs and Exit Fees
Ashford LLC |  | Insurance claims services | $ | 25 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 25 |  |  | $ | — |
J&S Audio Visual |  | Audio visual services | 183 |  | — |  |  | — |  |  | 183 |  |  | — |  |  | — |  |  | — |  |  | — |
Lismore Capital |  | Mortgage placement services | 933 |  | — |  |  | (720 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | 213 |
OpenKey |  | Mobile key app | 21 |  | — |  |  | — |  |  | — |  |  | 21 |  |  | — |  |  | — |  |  | — |
Premier |  | Project management services | 2,838 |  | 2,699 |  |  | — |  |  | — |  |  | — |  |  | 139 |  |  | — |  |  | — |
Pure Wellness |  | Hypoallergenic premium rooms | 67 |  | 55 |  |  | — |  |  | — |  |  | 12 |  |  | — |  |  | — |  |  | — |
RED Leisure |  | Watersport activities and travel/transportation services | 326 |  | — |  |  | — |  |  | — |  |  | 326 |  |  | — |  |  | — |  |  | — |
|  |  | Three Months Ended September 30, 2018
Company |  | Product or Service | Total | Investments in Hotel Properties, net (1) |  | Other Hotel Expenses |  | Property Taxes, Insurance and Other
Ashford LLC |  | Insurance claims services | $ | 31 |  | $ | — |  |  | $ | — |  |  | $ | 31 |
OpenKey |  | Mobile key app | 5 |  | — |  |  | 5 |  |  | — |
Premier |  | Project management services | 1,125 |  | 1,125 |  |  | — |  |  | — |
Pure Wellness |  | Hypoallergenic premium rooms | 128 |  | 117 |  |  | 11 |  |  | — |
RED Leisure |  | Watersport activities and travel/transportation services | 180 |  | — |  |  | 180 |  |  | — |
|  |  | Nine Months Ended September 30, 2019
Company |  | Product or Service | Total | Investments in Hotel Properties, net (1) |  | Indebtedness, net (2) |  | Other Hotel Revenue |  | Other Hotel Expenses |  | Advisory Services Fee |  | Property Taxes, Insurance and Other |  | Write-off of Premiums, Loan Costs and Exit Fees
Ashford LLC |  | Insurance claims services | $ | 90 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 90 |  |  | $ | — |
J&S Audio Visual |  | Audio visual services | 383 |  | — |  |  | — |  |  | 383 |  |  | — |  |  | — |  |  | — |  |  | — |
Lismore Capital |  | Debt placement services | 1,208 |  | — |  |  | (995 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | 213 |
OpenKey |  | Mobile key app | 33 |  | — |  |  | — |  |  | — |  |  | 33 |  |  | — |  |  | — |  |  | — |
Premier |  | Project management services | 8,078 |  | 7,674 |  |  | — |  |  | — |  |  | — |  |  | 404 |  |  | — |  |  | — |
Pure Wellness |  | Hypoallergenic premium rooms | 143 |  | 108 |  |  | — |  |  | — |  |  | 35 |  |  | — |  |  | — |  |  | — |
RED Leisure |  | Watersport activities and travel/transportation services | 686 |  | — |  |  | — |  |  | — |  |  | 686 |  |  | — |  |  | — |  |  | — |
|  |  | Nine Months Ended September 30, 2018
Company |  | Product or Service | Total | Investments in Hotel Properties, net (1) |  | Indebtedness, net (2) |  | Other Hotel Expenses |  | Property Taxes, Insurance and Other
Ashford LLC |  | Insurance claims services | $ | 100 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 100 |
Lismore Capital |  | Debt placement services | 999 |  | — |  |  | (999 | ) |  | — |  |  | — |
OpenKey |  | Mobile key app | 17 |  | — |  |  | — |  |  | 17 |  |  | — |
Premier |  | Project management services | 1,125 |  | 1,125 |  |  | — |  |  | — |  |  | — |
Pure Wellness |  | Hypoallergenic premium rooms | 147 |  | 117 |  |  | — |  |  | 30 |  |  | — |
RED Leisure |  | Watersport activities and travel/transportation services | 540 |  | — |  |  | — |  |  | 540 |  |  | — |
________
(1) | Recorded in FF&E 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):
|  |  |  | Due to Ashford Inc.
Company |  | Product or Service |  | September 30, 2019 |  | December 31, 2018
Ashford LLC |  | Advisory services |  | $ | 1,830 |  |  | $ | 2,264 |
Ashford LLC |  | Insurance claims services |  | 25 |  |  | 37 |
J&S Audio Visual |  | Audio visual services |  | 185 |  |  | — |
OpenKey |  | Mobile key app |  | — |  |  | 13 |
Premier |  | Project management services |  | 2,651 |  |  | 1,657 |
Pure Wellness |  | Hypoallergenic premium rooms |  | 58 |  |  | 30 |
|  |  |  | $ | 4,749 |  |  | $ | 4,001 |
At September 30, 2019, Remington Lodging managed three of our thirteen hotel properties and we incurred the following fees related to the management agreements with the related party (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Property management fees, including incentive property management fees | $ | 455 |  |  | $ | 438 |  |  | $ | 1,322 |  |  | $ | 1,334 |
Market service and project management fees | — |  |  | 831 |  |  | — |  |  | 3,328 |
Corporate general and administrative expenses | 84 |  |  | 85 |  |  | 262 |  |  | 250 |
Total | $ | 539 |  |  | $ | 1,354 |  |  | $ | 1,584 |  |  | $ | 4,912 |
These share grants were accounted for under the applicable accounting guidance related to share-based payments granted to non-employees and are recorded as a component of “management fees” in our condensed consolidated statements of operations (in thousands).
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Management fees | $ | 36 |  |  | $ | 53 |  |  | $ | 116 |  |  | $ | 164 |
The following table summarizes the advisory services fees incurred (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Advisory services fee |  |  |  |  |  |  |
Base advisory fee | $ | 2,650 |  |  | $ | 2,508 |  |  | $ | 8,170 |  |  | $ | 6,928 |
Reimbursable expenses (1) | 645 |  |  | 529 |  |  | 1,906 |  |  | 1,448 |
Equity-based compensation (2) | 1,995 |  |  | 1,316 |  |  | 5,426 |  |  | 5,240 |
Incentive fee | (132 | ) |  | 1,380 |  |  | 77 |  |  | 2,241 |
Total | $ | 5,158 |  |  | $ | 5,733 |  |  | $ | 15,579 |  |  | $ | 15,857 |
________
(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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