Investors who own units in Auckland waterfront Westin hotel are outraged that receivers have decided to shut 93 of its 170 rooms.

Creditor Bank of Scotland appointed KordaMentha receivers to control of troubled property developer Nigel McKenna’s Lighter Quay Hotel Management, the company responsible for paying Westin investors their returns, in June.

In the High Court last month, individual leases on hotel suites were terminated after a dispute between unit owners and receivers.