Wells Fargo plans to securitize a $716.3 million pool of commercial mortgages, according to Fitch Ratings.   

The deal, called Wells Fargo Commercial Mortgage Trust 2015-SG, has an unusually high concentration of hotel properties: they account for 23.3% of the pool. By comparison, the hotel exposure in other CMBS rated by Fitch this year averaged 16.2%. Hotel loans have the highest probability of default in Fitch’s multi-borrower model.

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