Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2019

The following table presents the fees related to our hotel and project management agreements with Remington Lodging prior to its transactions with Ashford Inc. (in thousands):



	Year Ended December 31,
	2019		2018		2017
Hotel management fees, including incentive hotel management fees	$	1,738	$	1,762	$	1,748
Market service and project management fees	—		3,328		3,972
Corporate general and administrative	297		333		286
Total	$	2,035	$	5,423	$	6,006

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 consolidated financial statements (in thousands):



		Year Ended December 31, 2019
Company	Product or Service	Total		Investments in Hotel Properties, net ⁽¹⁾		Indebtedness, net ⁽²⁾			Other Hotel Revenue		Other Hotel Expenses		Management fees		Property Taxes, Insurance and Other		Advisory Services Fee		Corporate General and Administrative		Write-off of Premiums, Loan Costs and Exit Fees
Ashford LLC	Insurance claims services	$	135	$	—	$	—		$	—	$	—	$	—	$	135	$	—	$	—	$	—
J&S Audio Visual	Audio visual services	560		—		—			560		—		—		—		—		—		—
Lismore Capital	Debt placement services	1,208		—		(995		)	—		—		—		—		—		—		213
OpenKey	Mobile key app	34		—		—			—		34		—		—		—		—		—
Premier	Project management services	10,123		9,584		—			—		—		—		—		539		—		—
Pure Wellness	Hypoallergenic premium rooms	194		148		—			—		46		—		—		—		—		—
RED Leisure	Watersports activities and travel/transportation services	946		—		—			—		946		—		—		—		—		—
Remington Hotels	Hotel management services ⁽³⁾	572		—		—			—		323		249		—		—		—		—



		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	Debt 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		—



		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	Debt placement services	$	224	$	—	$	(224	)	$	—	$	—
OpenKey	Mobile key app	10		—		—			10		—
Pure Wellness	Hypoallergenic premium rooms	45		45		—			—		—

________


⁽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.


⁽³⁾	Other hotel expenses include incentive hotel management fees and other hotel management costs.

The following table summarizes the components of due to Ashford Inc. (in thousands):



		Due to Ashford Inc.
Company	Product or Service	December 31, 2019		December 31, 2018
Ashford LLC	Advisory services	$	1,606	$	2,264
Ashford LLC	Insurance claims services	44		37
J&S Audio Visual	Audio visual services	173		—
OpenKey	Mobile key app	—		13
Pure Wellness	Hypoallergenic premium rooms	3		30
Premier	Project management services	2,433		1,657
RED Leisure	Watersports activities and travel/transportation services	85		—
		$	4,344	$	4,001

The following table summarizes the advisory services fees incurred (in thousands):



	Year Ended December 31,
	2019		2018		2017
Advisory services fee
Base advisory fee	$	10,834	$	9,424	$	8,800
Reimbursable expenses ⁽¹⁾	2,289		2,072		2,017
Equity-based compensation ⁽²⁾	7,404		6,481		(1,683		)
Incentive fee	—		2,035		—
Total	$	20,527	$	20,012	$	9,134

________


⁽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.