EXHIBIT 99.1
                                                                     Page 1 of 1

HOST MARRIOTT SUCCESSFULLY COMPLETES TENDER OFFER
FOR LIMITED PARTNERSHIP UNITS

BETHESDA,  MD, January 15, 1997 -- Host Marriott  Corporation today announced it
has  successfully  completed its tender offer for limited  partnership  units in
Marriott Hotel Properties  Limited  Partnership  (MHP). The offering,  which was
oversubscribed,  will result in the company's  purchase of 464.25 units or 46.4%
of the limited  partnership units for aggregate  consideration of $37,140,000 or
$80,000 per unit.  Combined with its prior ownership  position,  the Company now
indirectly owns through affiliates, 48% of this partnership. An affiliate of the
Company  serves  as  the  General  Partner.  Additionally,  in a  vote  held  in
conjunction  with the  tender  offer,  the  limited  partners  approved  certain
amendments  to the  partnership  agreement  that were  conditions  to the tender
offer.

The 1996 EBITDA for the two hotels owned by MHP was  approximately  $52 million.
The Partnership has mortgage debt of approximately  $231 million which carries a
fixed weighted average interest rate of 8.7%.

MHP owns two premier  destination  convention  resorts  located in Florida.  The
1,503 room Marriott  Orlando World Center Hotel includes  200,000 square feet of
convention/meeting  space, nine restaurants or lounges,  an 18-hole golf course,
four swimming pools and eight tennis courts.

MHP also owns a 50.5 percent partnership  interest in the 624-room,  beach-front
Marriott Harbor Beach Resort in Fort  Lauderdale,  Florida.  This hotel includes
30,000 square feet of meeting  space,  a private  beach,  eight  restaurants  or
lounges,  five tennis courts,  and a swimming pool. Both hotels will continue to
be managed by Marriott International, Inc.

Terence  C.  Golden,   president  and  chief  executive  officer,  stated,  "The
successful  completion  of  this  exciting  transaction  represents  our  fourth
partnership  acquisition  during the past  twelve  months.  We  continue  to see
significant  opportunity  in this area for Host  Marriott  to  pursue  strategic
acquisitions  at  attractive  pricing  while  offering  our limited  partners an
opportunity for liquidity."

Host  Marriott is a lodging real estate  company which  currently  owns or holds
controlling  interests in 81 upscale and luxury  full-service  hotel  properties
operated  primarily under the Marriott and Ritz-Carlton brand names. The company
also  serves  as  general  partner  and  holds  minority  interests  in  various
unconsolidated  partnerships  that own 251 lodging  properties,  31 of which are
full service hotels.


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