SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE TO
(Rule 14d-100)
Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 1)
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MARRIOTT RESIDENCE INN LIMITED PARTNERSHIP
(Name of Subject Company (Issuer))
MADISON LIQUIDITY INVESTORS 114, LLC
MRI PARTNERS, LLC
MADISON CAPITAL MANAGEMENT, LLC
HABERHILL LLC
BRYAN E. GORDON
RONALD M. DICKERMAN
DOUGLAS H.S. GREENE
(Name of Filing Persons (Offerors))
UNITS OF LIMITED PARTNERSHIP INTERESTS
(Title of Class of Securities)
751641109
(CUSIP Number of Class of Securities)
Ronald M. Dickerman Douglas H. S. Greene
Madison Capital Management, LLC Haberhill LLC
410 Park Avenue, Suite 540 11790 Glen Road
New York, New York 10022 Potomac, Maryland 20854
(212) 687-0518 (301) 299-8715
Copy to:
David E. Martin, Esq.
100 Park Avenue, 22nd Floor
New York, New York 10017
(212) 953-3822
(Name, Address and Telephone Numbers of Person Authorized
to Receive Notices and Communications on Behalf of Filing Persons)
Calculation of Filing Fee
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Transaction Valuation* Amount of Filing Fee
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$5,248,000 $1050
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*For purposes of calculating the filing fee only. This amount assumes the
purchase of 13,120 Units of the subject company at $400 in cash per Unit.
[X] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number, or the Form or
Schedule and the date of its filing.
Amount Previously Paid: $1050 Filing Party: Madison Liquidity Investors 114, LLC
Form or Registration Number: 5-61557 Date Filed: August 31, 2001
[ ] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the
statement relates:
[X] third-party tender offer subject to Rule 14d-1.
[ ] issuer tender offer subject to Rule 13e-4.
[ ] going private transaction subject to Rule 13e-3.
[ ] amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results
of the tender offer: [ ]
Item 1. Summary Term Sheet.
(a) The information set forth under the caption "Summary Term Sheet" in
the Offer to Purchase and in the Supplement thereto is incorporated herein by
reference.
Item 2. Subject Company Information.
(a) The name of the subject company is Marriott Residence Inn Limited
Partnership, a Delaware limited partnership (the "Partnership"). The address of
the Partnership's principal executive offices is 10400 Fernwood Road, Bethesda,
Maryland 20817, and its telephone number at that address is (301) 380-2070.
(b) The Partnership had 65,600 Units of Limited Partnership Interest
outstanding as of June 15, 2001, according to its Quarterly Report on Form 10-Q
for the quarter ended June 15, 2001, dated July 27, 2001.
(c) The information set forth under the captions "Introduction -
Establishment of the Offer Price" and Section 8 - "Effects of the Offer" in the
Offer to Purchase and in the Supplement thereto is incorporated herein by
reference.
Item 3. Identity and Background of Filing Persons
(a)-(c) The information set forth in "Introduction," Section 11 -
"Certain Information Concerning the Purchaser" and in Schedule I of the Offer to
Purchase, and in the Supplement thereto, is incorporated herein by reference.
During the last five years, none of the Purchaser, any of the other Bidders nor
any person named on Schedule I to the Offer to Purchase nor any affiliate of the
Purchaser (i) has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) was a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result of
such proceeding were or are subject to a judgment, decree or final order
enjoining future violations of, or prohibiting activities subject to, Federal or
State securities laws or finding any violation of such laws.
Item 4. Terms of the Transaction.
(a) This Schedule TO relates to the offer by Madison Liquidity
Investors 114, LLC, a Delaware limited liability company (the "Purchaser"), and
MRI Partners, LLC, Madison Capital Management, LLC, Haberhill LLC, Bryan E.
Gordon, Ronald M. Dickerman and Douglas H.S. Greene, as co-bidders, to purchase
up to 13,120 units of limited partnership interest ("Units") for cash at a price
equal to $400 per Unit in cash, reduced by any cash distributions made or
declared on or after August 31, 2001 (the "Offer Date"), with interest at the
rate of 7% per annum from the Expiration Date to the date of payment (the "Offer
Price"), upon the terms and subject to the conditions set forth in the Offer to
Purchase dated August 31, 2001 (the "Offer to Purchase") and in the related
Agreement of Assignment and Transfer copies of which are attached hereto as
Exhibits (a)(1) and (a)(2), respectively, as each may be supplemented or amended
from time to time.
The information set forth under the captions Section 1 - "Terms of the
Offer" through Section 7 - "Certain Federal Income Tax Consequences" in the
Offer to Purchase and in the Supplement thereto is incorporated herein by
reference.
Item 5. Past Contacts, Transactions, Negotiations and Agreements.
(a) Not applicable.
(b) The information set forth under the caption "Introduction -
Establishment of the Offer Price" in the Offer to Purchase is incorporated
herein by reference.
Item 6. Purposes of the Transaction and Plans or Proposals.
(a), (c)(1)-(7) The information set forth under the caption Section 9 -
"Purpose of the Offer; Future Plans" in the Offer to Purchase and in the
Supplement thereto is incorporated herein by reference.
Item 7. Source and Amount of Funds or Other Consideration.
(a) The information set forth under the caption Section 12 - "Source of
Funds" in the Offer to Purchase and in the Supplement thereto is incorporated
herein by reference.
(b), (d) Not applicable.
Item 8. Interest in Securities of the Subject Company.
(a)-(b) The information set forth in Section 11 - "Certain Information
Concerning the Purchaser" in the Offer to Purchase and in the Supplement thereto
is incorporated herein by reference.
Item 9. Persons/Assets Retained, Employed, Compensated or Used.
None.
Item 10. Financial Statements.
The information set forth in Section 11 - "Certain Information
Concerning the Purchaser" in the Offer to Purchase is incorporated herein by
reference.
Item 11. Additional Information.
(a) The information set forth in Section 14 - "Certain Legal Matters"
in the Offer to Purchase and in the Supplement thereto is incorporated herein by
reference.
(b) None.
Item 12. Exhibits.
(a)(5) Supplement to Offer to Purchase dated September 27, 2001.
(a)(6) Letter to Unitholders dated September 27, 2001.
Item 13. Information Required by Schedule 13E-3.
Not applicable.
SIGNATURES
After due inquiry and to the best of my knowledge and belief, each of
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: September 27, 2001
MADISON LIQUIDITY INVESTORS 114, LLC
By: MRI Partners, LLC, Managing Member
By: s/ Ronald M. Dickerman
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Ronald M. Dickerman, Managing Director
MRI PARTNERS, LLC
By: s/ Ronald M. Dickerman
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Ronald M. Dickerman, Managing Director
MADISON CAPITAL MANAGEMENT, LLC
By: s/ Ronald M. Dickerman
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Ronald M. Dickerman, Managing Director
HABERHILL LLC
By: s/ Douglas H.S. Greene
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Douglas H.S. Greene, Managing Member
s/ Bryan E. Gordon
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BRYAN E. GORDON
s/ Ronald M. Dickerman
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RONALD M. DICKERMAN
s/ Douglas H.S. Greene
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DOUGLAS H.S. GREENE
EXHIBIT INDEX
Exhibit Description Page
(a)(5) Supplement to Offer to Purchase dated September 27, 2001.
(a)(6) Letter to Unitholders dated September 27, 2001.