Not sure to be honest - most of what I saw concerned the pub type of hotel rather than the accommodation type.
They were a lender of interest as they did 70% LVR on pubs, then apparently decided they were over-represented in that industry.
Bankwest shafted a large percentage of their hotel owning commercial customers a few years ago this way.
Order a valuation on the security with instructions it be a fire sale valuation.
Valuations came back far below previous valuations
Margin calls placed on those whose LVR is now out of...
