Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of [Suzanne Kutiyas] with JMP Securities. Please proceed.
Suzanne Kutiyas - JMP Securities
Hi I was just wondering if you could discuss where you are in terms of leverage and fixed charge coverage again at the quarter relative to your covenants?
Sean Mahoney
Sure thanks Suzanne this is Sean. In the quarter our leverage was partially 43% compared to the covenant of 65% and our fixed charge of coverage is 2.7 times compared to the covenants of 1.6 times.
Suzanne Kutiyas - JMP Securities
Okay thank you
Operator
Your next question comes from the line of [Yeremo Garro] with RBC Capital Market, please proceed.
Yeremo Garro - RBC Capital Markets
Good morning. With regards to operating trends you said that on the data solubility conclusive is there any way that you can give us a little bit of color on what happened April with regards to quarter?
John Williams
This is John. In April the comps were difficult because you have holiday disruption. So they are not really comparable numbers. But I would have to say that we have seen a continued deterioration from January to February to March and probably interpolating in the April.
Yeremo Garro - RBC Capital Markets
Okay thank perfect. And then with regards to your progress in the disposition offsite, you said that basically you are the same way that you were at the end of the quarter. What about the interest that you are seeing from potential buyers, are you seeing now any increased beeps that are closer to your expected values?
Mark Brugger
This is Mark Brugger. we started the process on assets sales several moths ago went through a very process, received some bid but not were attractive at this time, at this point we still have some hotels we got component we would entertain but I think since we are not going through an active bid process it’s a little difficult to ascertain the difference in interest today and 30 days ago or 60 days ago.
Yeremo Garro - RBC Capital Markets
Okay perfect and then lastly with regards to the debt markets I know that you guys were working with Manhattan on Midtown properties, what are you seeing differently in terms of our coverage and LTVs out there right now?
Mark Brugger
Sure, the current debt market has quite elusive of the fourth quarter 2008. That being said, kind of capital is still cant be very scarce and lenders are being selective in choosing more projects underwrite potentially only the best asset with sort of a strongest sponsorship are receiving underwriting attention today. With respect to the LTV we are seeing, anywhere from $50 million to $55 million at the high of 60% LTVs available today, but albeit at rates that are approximately what we announced which is in the 8% to 9% range.
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