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Related Party Transactions (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
Line Item |  | 2020 |  | 2020
Corporate, general and administrative |  | $ | 97 |  |  | $ | 330 |
The following table summarizes the advisory services fees incurred (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Advisory services fee |  |  |  |  |  |  |
Base advisory fee | $ | 2,572 |  |  | $ | 2,860 |  |  | $ | 5,193 |  |  | $ | 5,520 |
Reimbursable expenses (1) | 412 |  |  | 681 |  |  | 956 |  |  | 1,261 |
Equity-based compensation (2) | 1,917 |  |  | 1,961 |  |  | 3,821 |  |  | 3,431 |
Incentive fee | — |  |  | (1,105 | ) |  | — |  |  | 209 |
Total | $ | 4,901 |  |  | $ | 4,397 |  |  | $ | 9,970 |  |  | $ | 10,421 |
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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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