EXHIBIT 99.2


                            1998 First Quarter Report
                        Limited Partner Quarterly Update


Presented for your review is the First Quarter 1998 Report for Atlanta  Marriott
Marquis II Limited  Partnership.  The 1998 First  Quarter Form 10-Q  immediately
follows this letter and replaces the quarterly report format  previously used by
the  Partnership.  The  information  presented  is  essentially  the same as the
information  given in prior quarters with certain  additional  items required by
the  rules  of  the  Securities  and  Exchange  Commission.  Discussion  of  the
Partnership's   performance  and  Hotel   operations  is  included  in  Item  2,
Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations.

Host Marriott Real Estate Investment Trust

On April 17, 1998, Host Marriott  Corporation ("Host Marriott"),  parent company
of the General Partner of the Partnership, announced that its Board of Directors
has authorized the company to reorganize its business operations to qualify as a
real estate investment trust ("REIT") to become effective as of January 1, 1999.
As part of the REIT  conversion,  Host Marriott  expects to form a new operating
partnership (the "Operating  Partnership")  and limited partners in certain Host
Marriott  full-service  hotel  partnerships  and joint  ventures,  including the
Partnership,  are  expected  to  be  given  an  opportunity  to  receive,  on  a
tax-deferred basis, Operating Partnership units in the new Operating Partnership
in exchange for their current partnership interest. We will keep you informed on
the status of this matter.

Partnership Financing and Investor Returns

As previously  reported,  on February 2, 1998 the mortgage debt was successfully
refinanced with a third party lender.  The Partnership's  debt now consists of a
$164 million  mortgage  loan which bears  interest at a fixed rate of 7.4% for a
12-year  term.  The mortgage  loan  requires  payments of principal and interest
based upon a 25-year amortization schedule.

In conjunction  with the Merger,  on December 31, 1997, the General Partner made
an initial capital contribution of $6 million to the Partnership. On January 30,
1998, the General Partner  contributed an additional $69 million.  In return for
such additional capital contributions,  the General Partner surrendered its then
existing  Class B interest on  distributions  and received a new Class B limited
partnership interest in the Partnership entitling the General Partner to a 13.5%
cumulative,  compounding  annual  preferred  return and priority  return of such
capital.

In  February  1998,  the  Partnership  distributed  funds to the Class A limited
partners of $5,000 per new unit. This distribution represented the excess of the
Partnership's  reserve  after  payment of a majority  of the  transaction  costs
related to the mortgage debt refinancing.

We encourage you to review this report in its entirety.  If you have any further
questions  regarding your investment,  please contact Host Marriott  Partnership
Investor Relations at (301) 380-2070.