<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               SEP-30-1995
<CASH>                                          37,851
<SECURITIES>                                         0
<RECEIVABLES>                                    9,535
<ALLOWANCES>                                       620
<INVENTORY>                                          0
<CURRENT-ASSETS>                                56,389
<PP&E>                                         368,483
<DEPRECIATION>                                  25,014
<TOTAL-ASSETS>                                 461,946
<CURRENT-LIABILITIES>                           97,857
<BONDS>                                        317,029
<COMMON>                                        78,494
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      17,649
<TOTAL-LIABILITY-AND-EQUITY>                   461,946
<SALES>                                              0
<TOTAL-REVENUES>                                95,177
<CGS>                                                0
<TOTAL-COSTS>                                   76,493
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              14,630
<INCOME-PRETAX>                                 14,502
<INCOME-TAX>                                     2,587
<INCOME-CONTINUING>                             11,915
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                (1,307)
<CHANGES>                                            0
<NET-INCOME>                                    10,608
<EPS-PRIMARY>                                      .45
<EPS-DILUTED>                                      .45