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Related Party Transactions (Tables)
 6 Months Ended
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

________
(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.