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SOURCE Analysts' Corner
NEW YORK, October 17, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Ctrip.com International, Ltd. (NASDAQ: CTRP), MGM Resorts International (NYSE: MGM), Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), Melco Crown Entertainment Ltd. (NASDAQ: MPEL), and Marriott International, Inc. (NYSE: MAR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Ctrip.com International, Ltd. Research Report
On October 10, 2013, Ctrip.com International, Ltd. (Ctrip.com) declared the pricing of $700 million in aggregate principal amount of convertible senior notes due 2018 (the Notes). Ctrip.com reported that the Notes were offered to qualified institutional buyers in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the Securities Act), and certain non-U.S. persons in compliance with Regulation S under the Securities Act. The Company further informed that the holders of the Notes have the option to convert their notes in integral multiples of $1,000 principal amount, at any time prior to the close of business on the second business day immediately preceding the maturity date. Ctrip.com expects to close the notes offering on or about October 17, 2013, subject to the satisfaction of customary closing conditions. The Full Research Report on Ctrip.com International, Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/f354_CTRP]
MGM Resorts International Research Report
On October 10, 2013, MGM Hospitality, a division of MGM Resorts International (MGM), announced the promotion of Rishi Kapoor to Senior Vice President of International Development. Kapoor will be responsible for direct development activities in Asia, India, the Middle East and North Africa for the division of MGM Resorts International that aims to focus on developing non-gaming luxury hotels and resorts at important destinations around the world. The Full Research Report on MGM Resorts International - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/0752_MGM]
Starwood Hotels & Resorts Worldwide Inc. Research Report
On October 10, 2013, Starwood Hotels & Resorts Worldwide Inc. (Starwood), together with its award-winning Starwood Preferred Guest® (SPG®) program, reported the launch of SPG Hot Escapes, a flash sale travel site offering a weekly collection of global hotels and resorts available at competitive promotional rates. Chris Holdren, Senior Vice President, Starwood Preferred Guest, commented, "We know our guests want to explore all of Starwood's luxurious destinations around the world, and SPG Hot Escapes gives them the opportunity to visit our hotels while enjoying valuable savings. With a new collection of hotels and resorts every week, guests will find even more inspiration to travel." The Full Research Report on Starwood Hotels & Resorts Worldwide Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/8c9b_HOT]
Melco Crown Entertainment Ltd. Research Report
On October 9, 2013, Melco Crown (Philippines) Resorts Corporation (MCP), a subsidiary of Melco Crown Entertainment Ltd. (Melco Crown), reported that its new integrated casino resort at Entertainment City, Manila, will be branded City of Dreams Manila. After several amendments to gaming regulations in the Philippines by PAGCOR, City of Dreams Manila has been allowed to operate a significantly increased number of gaming tables and electronic gaming machines upon opening. Mr. Clarence Chung, Chairman and President of MCP commented, "The development of City of Dreams Manila is progressing well and we firmly believe it will play a key role in further enhancing the Philippines as a leading leisure and tourism destination in the region. I would also like to express our gratitude to Mr. Lawrence Ho, Mr. James Packer and our parent company Melco Crown Entertainment for their on-going support in bringing this exciting project to realization." The Full Research Report on Melco Crown Entertainment Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/9cfe_MPEL]
Marriott International, Inc. Research Report
On October 7, 2013, Marriott International, Inc. (Marriott) reported that it will voluntarily transfer the listing of its common stock to the NASDAQ Global Select Market (NASDAQ) from the New York Stock Exchange (NYSE). The Company expects the trading of Marriott's shares on NASDAQ to begin on October 21, 2013 under its current ticker symbol MAR. Marriott will continue to trade on the NYSE until the said time. Marriott's shares will continue to trade on the Chicago Stock Exchange after the transfer to NASDAQ. Carl Berquist, Marriott's Executive Vice President and Chief Financial Officer, commented, "We're pleased to partner with NASDAQ as our new stock market listing. We believe this will provide us with cost-effective visibility, as well as efficient access to a portfolio of tools and opportunities to reach investors. While we are looking forward to our new relationship with NASDAQ, the NYSE was our listing home for many years, and they have served us well over that time." The Full Research Report on Marriott International, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/9608_MAR]
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