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Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Advisory Services Fee Incurred and Reimbursed Operating Expenses
The following table summarizes the advisory services fees incurred (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Advisory services fee
Base advisory fee$3,477 $3,336 $7,053 $6,663 
Reimbursable expenses (1)
3,577 2,961 6,578 5,226 
Equity-based compensation (2)
(51)883 (99)1,991 
Incentive fee188 648 270 648 
Total$7,191 $7,828 $13,802 $14,528 
________
(1)Reimbursable expenses include overhead, internal audit, risk management advisory, asset management services and deferred cash awards.
(2)    Equity-based compensation is associated with equity grants of Braemar’s common stock, PSUs, LTIP units and Performance LTIP units awarded to officers and employees of Ashford LLC.
The table below summarizes the amount Braemar has expensed related to reimbursed operating expenses of Ashford Securities (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Line Item2025202420252024
Corporate, general and administrative$— $— $— $(5,624)