Exhibit 99.(A)(11)


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


Fairway, KS, April 24 - Madison Liquidity Investors 117, LLC announced today
that its $200 per Unit tender offer to purchase up to 8,341 Units of limited
partnership interest, of Marriott Residence Inn II Limited Partnership expired,
as scheduled, on Tuesday, April 16, 2002. 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withdrawn prior to the expiration of the Offer.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 1,717 Units (about 2.45% 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tendered and not withdrawn.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 10.45% of the
total number of outstanding Units (including Units beneficially owned by certain
of Madison's co-bidders prior to commencement of the Offer). In accordance with
the terms of the Offer, payment for Units validly tendered and not withdrawn,
together with interest as provided in the Offer, is expected to be made after
June 15, 2002 (the end of Marriott Residence Inn II's second fiscal quarter of
2002).

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, 4210 Shawnee
Mission Parkway, Suite 310A, Fairway, Kansas 66205. Telephone (800) 269-7313.