Receiver Gordon Hansen, of PKF Goldsmith Fox, Christchurch, said yesterday it was likely the resort would be prepared for sale, either in its entirety or as three separate parcels of land.
It would be business as usual for apartment owners, staff and Accor Hotels management in the meantime, he said.
The receivers had no intention of completing ongoing development on a vacant section next to the resort and the future of that land would depend on the intentions of a future purchaser, he said.
"It is critical to reassure apartment owners the hotel operators are carrying on and all bookings will be honoured," he said.
It was also important for the resort and Wanaka that staff kept their jobs, Mr Hansen said.
Mr Hansen understood the receivership had been a massive blow for owner, Par Hallberg, but said all parties were co-operative and keen to make the best of the situation.
Mr Hansen's first financial report will be released on November 21.
Mr Hallberg said, when contacted yesterday, he had put everything into his dream of building Wanaka's biggest visitor resort.
He, his wife, Anita, and other business partners took over the resort in 2004 and the couple acquired full ownership in 2006.
They have progressively developed the complex in several stages into a 177-room, four-and-a-half-star hotel spread over 6.5ha on the corner of Cardrona Valley Rd and Studholme Rd.
It was an official accommodation provider for Winter Games NZ teams and during August enjoyed a 90% occupation rate.
Mr Hallberg had been keen to progress to the next stage of development but an agreement did not work out, he had too much debt and South Canterbury Finance decided to take control, he said.
"I hold no animosity. No-one is losing money except myself, I think. I think all the creditors and staff have been paid," he said.
Mr Hallberg did not know what his future held and he was taking one day at a time.
He was proud of what he had achieved with Oakridge and believed it would become an "iconic" resort for Wanaka. The receivership was a low but it did not mean things could not be positive for Oakridge again.
The resort employs between 60 and 80 people, depending on the season.
It also has swimming pools and a gymnasium, which are open to the public as well as hotel guests.
The resort first encountered financial problems last year, resulting in construction being put on hold for several months.
At that time, Mr Hallberg explained the resort had just sold 56 units for $21 million and applied the funds to bank debts.
Because of the global recession, his financier did not want to enter new arrangements, so he had to refund the whole structure.
Accor Hotels also changed its franchise agreement to a management agreement.
