Hotel REITs, such as Strategic and Chatham, are particularly subject to pressure to sell assets because they are trading an estimated 20% to 30% below their net asset values, compared with a 10% to 15% discount during the real estate peak in 2006 and …

On the tree-lined intersection of Park Avenue and 95th Street in New York's ritzy Upper East Side, a doorman hails a cab for a Fendi-bag-toting resident of one of the avenue's many iconic luxury apartment buildings. Just a few blocks north, the …

(Kitco News) – December Comex gold futures prices are moderately lower in early U.S. trading Monday. The market is once again drifting down on a lack of fresh, bullish news and on technical selling pressure. Last week's pop up in prices appears to have …

Just as affluent Chinese consumers are seeking the hottest products from the world's most prestigious brands, Chinese executives aim to acquire the best assets available to spur the development of their local firms into top-flight international …

Along with float planes, the harbour is filled with small ferries, the Coho and Clipper ferries, whale-watching and other charter vessels, and pleasure craft of all sizes from large luxury yachts to small kayaks. It's that complexity that has passenger …

A luxurious landmark hotel located in the heart of Tokyo's trend-setting Shibuya district, the Cerulean Tower Tokyu Hotel has earned a reputation for dedication to providing guests personalized service. The hotel's tranquil atmosphere combined with its …

Watches and jewellery at the French luxury good group, which includes Bulgari, Chaumet, De Beers and Fred, were down, however. The group reported a revenue of €1.31 billion (£1.13bn), a fall of 3% compared to the first half of 2012 but up by 1% in …

U.S. manufacturers can breathe a sigh of relief that the global economy has taken a few steps back from the brink, with the Federal Reserve and other central banks playing key roles, according to a new report. In the Manufacturers Alliance for …

Detroit's record $18 billion bankruptcy case raises questions about how affluence can co-exist with poverty, and whether urban areas with hollow cores can thrive. Cities in Oakland County, which abuts Detroit, constitute what amounts to a parallel …