Lighter Quay meeting

Creditors owed millions of dollars by the management company of five-star waterfront Westin Auckland will meet on June 24.

The $130 million Lighter Quay hotel has been running at a loss since it opened three years ago.

Developer Nigel McKenna has proposed a $10 million plan with benefits in the next six years, half to be paid in cash.

Investors will decide on the scheme at the meeting.