Deutsche Bank plans a $1.4 billion securitization of a single loan that is secured by five full-service hotels located in Hawaii and California, according to a Morningstar presale report.

The capital structure of the deal, COMM 2014-KYO, consits of $551 million of ‘AAA’ rated, class A notes; $191.5 million of ‘AA’ rated, class B notes; $142.4 million of  ‘A’ rated, class C notes; $90 million of ‘BBB+’, class D notes; $98 million of ‘BBB-’, class E notes; $286 million of ‘BB-’, class F notes and $40 million of ‘B+’, class G notes.

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