Exhibit (a)(10)

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





Denver, CO, December 3 - Madison Liquidity Investors 117, LLC announced today
that its tender offer to purchase up to 7,000 Units of limited partnership
interest at $275 per Unit of Marriott Residence Inn II Limited Partnership
expired, as scheduled, on Tuesday, November 20, 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and not withdrawn prior to the expiration of the Offer.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 5,399.75 Units (about 7.71% 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tendered and not withdrawn.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 7.84% 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validly tendered and not withdrawn, together with interest as provided in the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 II's first fiscal quarter of 2001) in accordance with
the terms of the Offer.

Madison Liquidity Investors 117, 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 117, LLC, 6143 South
Willow Drive, Suite 200, Greenwood Village, CO 80111. Telephone

(800) 269-7313.