"We are relying on other parties to help get our money back and we are keeping in contact with them."
Westpac is selling the property. The lodge's council valuation was $720,000 in 2008, but is expected to go for much more.
Fiebig, who ran the $550-a-night lodge with partner Richard Chittock, spent thousands decking it out with Egyptian cotton bedsheets and a cedar sauna.
Bayleys real estate agent Michael Pleciak said the new owner could continue operating the lodge or turn it into a private residence.
In a statement, he said: "This was built as a well-crafted, high-end lodge facility to cater for both the domestic and off-shore tourist market.
"It is well-positioned to capture the wedding and honeymoon market, the adventure tourism and skiing markets and corporate or special occasion functions."