EXHIBIT (a)(9)


Madison Completes Tender Offer for Units in Marriott Residence Inn Limited
Partnership



Denver, CO, August 26--Madison Liquidity Investors 114, LLC announced today
that its tender offer to purchase up to 13,120 Units of limited partnership
interest at $400 per Unit of Marriott Residence Inn Limited Partnership expired,
as scheduled, on Friday, October 19, 2001. Madison accepted for purchase in
accordance with the terms of its Offer all Units validly tendered and not
withdrawn prior to the expiration of the Offer.

Approximately 3,234 Units (about 4.93% of the outstanding Units) were validly
tendered and not withdrawn. Upon payment for these Units in accordance with the
Terms of its Offer, Madison will beneficially own approximately 8.96% of the
total number of outstanding Units (including Units beneficially owned by certain
of Madison's co-bidders prior to commencement of the Offer). Payment for shares
validly tendered and not withdrawn, together with interest as provided in the
Offer, is expected to be made after approximately January 1, 2002 (the beginning
of Marriott Residence Inn's first fiscal quarter of 2001) in accordance with the
terms of the Offer.

Madison Liquidity Investors 114, LLC is a joint venture between Madison Capital
Management LLC ("Madison"), Haberhill LLC ("Haberhill") and other affiliates of
Madison. Madison is a privately-held investment management firm, and Haberhill
is a privately-held real estate investment advisory firm.

Questions and requests for assistance or additional copies of the tender offer
material may be directed to Madison Liquidity Investors 114, LLC, 6143 South
Willow Drive, Suite 200, Greenwood Village, CO 80111. Telephone

(800) 269-7313.