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Related Party Transactions (Tables) | 3 Months Ended
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Mar. 31, 2020
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | The table below summarizes the amount Braemar has expensed related to reimbursed operating expenses of Ashford Securities (in thousands):
|  | Three Months Ended March 31,
Line Item |  | 2020 |  | 2019
Corporate, general and administrative |  | $ | 233 |  |  | $ | — |
The following table summarizes the advisory services fees incurred (in thousands):
| Three Months Ended March 31,
| 2020 |  | 2019
Advisory services fee |  |  |
Base advisory fee | $ | 2,621 |  |  | $ | 2,660 |
Reimbursable expenses (1) | 544 |  |  | 580 |
Equity-based compensation (2) | 1,904 |  |  | 1,470 |
Incentive fee | — |  |  | 1,314 |
Total | $ | 5,069 |  |  | $ | 6,024 |
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(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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