Exhibit (a)(8)


DENVER, COLORADO, October 23, 2001. Madison Liquidity Investors 117, LLC, has
extended its September 21st offer for units of limited partnership interest in
Marriott Residence Inn II Limited Partnership, subject to the terms of its Offer
to Purchase, as supplemented, to 5:00 p.m., New York time, on Tuesday, November
20, 2001. The offer was previously scheduled to expire at 5:00 p.m., New York
time, on October 23, 2001. As of 5:00 p.m., New York time, on October 23, 2001,
1,932.25 units or 2.76% of the outstanding units have been tendered pursuant to
the offer.

Questions and requests for assistance or additional copies of the tender offer
material may be directed to Madison Liquidity Investors 117, LLC, 6143 South
Willow Drive, Suite 200, Greenwood Village, CO 80111.

Telephone
(800) 269-7313.