To the Limited Partners of Marriott Residence Inn II Limited Partnership:


         As your fellow limited partner, we are writing to inform you of our
significant concerns about the way that the Partnership's General Partner, a
subsidiary of Host Marriott Corp., is managing our investment. In particular, we
are concerned that the General Partner's recent unilateral commitment to spend
approximately 40% of the Partnership's cash balances (approximately $135 per
unit) on capital expenditures to the hotels, rather than distributing the money
to the limited partners, likely means that the limited partners will end up with
less money, at some indeterminate time in the future, than we all would have if
the cash were simply distributed now.

         The General Partner has committed to give the hotel manager, a
subsidiary of Marriott International Inc., $9.7 million of cash (and potentially
more next year) to spend on capital improvements to the Partnership's Residence
Inn hotels. However, those improvements will likely not benefit the limited
partners. They will instead likely benefit whoever purchases the hotels, which
are being marketed for sale. They will also directly benefit Marriott
International (and, potentially, indirectly benefit Host Marriott), which
manages approximately 90% of the hotels owned by Host Marriott. The cash
balances we are talking about are excess balances; the Partnership has already
funded a capital replacement account that as of September 7, 2001 totaled
approximately $6 million and is maintained by the hotel manager. We believe that
these excess cash balances should be distributed to the limited partners now.

         We are enclosing a copy of the letter that we have recently sent to the
General Partner discussing these concerns in greater detail.

         If you have any questions, similar concerns, or wish to take action in
support of our efforts to get the limited partners' money distributed now, you
can contact us at (801) 485-7309 or Robert Parsons, the General Partner's
President and Manager, at (301) 380-7209.

                                           Very truly yours,



                                           Madison Liquidity Investors 117, LLC

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