<ARTICLE>        5
<MULTIPLIER>     1,000
       


                    FLAGSTAR COMPANIES, INC.
                    FINANCIAL DATA SCHEDULE

                                                
<PERIOD-TYPE>                    QTR-3       3-MOS       9-MOS
<FISCAL-YEAR-END>                DEC-31-1994 DEC-31-1994 DEC-31-1994
<PERIOD-END>                     SEP-30-1994 SEP-30-1994 SEP-30-1994


<CASH>                              143,246           0           0
<SECURITIES>                              0           0           0
<RECEIVABLES>                        34,010           0           0
<ALLOWANCES>                          4,217           0           0
<INVENTORY>                          66,402           0           0
<CURRENT-ASSETS>                    298,929           0           0
<PP&E>                            1,684,118           0           0
<DEPRECIATION>                      522,577           0           0
<TOTAL-ASSETS>                    1,587,515           0           0
<CURRENT-LIABILITIES>               375,033           0           0
<BONDS>                           2,072,095           0           0
<PREFERRED-MANDATORY>                     0           0           0
<PREFERRED>                             630           0           0
<COMMON>                             21,185           0           0
<OTHER-SE>                       (1,103,751)          0           0
<TOTAL-LIABILITY-AND-EQUITY>      1,587,515           0           0
<SALES>                                   0     700,589   2,006,425
<TOTAL-REVENUES>                          0     700,589   2,006,425
<CGS>                                     0           0           0
<TOTAL-COSTS>                             0     638,648   1,860,353
<OTHER-EXPENSES>                          0         715       1,393
<LOSS-PROVISION>                          0           0           0
<INTEREST-EXPENSE>                        0      59,085     167,631
<INCOME-PRETAX>                           0       2,141     (22,952)
<INCOME-TAX>                              0      (2,109)     (1,663)
<INCOME-CONTINUING>                       0       4,250     (21,289)
<DISCONTINUED>                            0      19,269     383,355
<EXTRAORDINARY>                           0           0     (10,822)
<CHANGES>                                 0           0           0
<NET-INCOME>                              0      23,519     351,244
<EPS-PRIMARY>                             0        0.47        6.85
<EPS-DILUTED>                             0        0.46        5.79