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KC hotel developers seek return of millions of dollars bankrupt lender transferred to foreign national

May 3, 2023 by Thomas Friestad

AltosGroups LLC and the developers behind inactive hotel projects in downtown Kansas City and Edwardsville have agreed to settlement terms that would return cash deposits. That most of the funds are in a foreign national's bank account has complicated matters in AltosGroups' Chapter 11 bankruptcy proceedings.

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