<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated balance sheets and statements of operations and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                      18,151,000
<SECURITIES>                                         0
<RECEIVABLES>                                4,895,000
<ALLOWANCES>                                 (144,000)
<INVENTORY>                                          0
<CURRENT-ASSETS>                            23,046,000
<PP&E>                                     245,052,000
<DEPRECIATION>                             (3,188,000)
<TOTAL-ASSETS>                             301,897,000
<CURRENT-LIABILITIES>                       25,466,000
<BONDS>                                    139,243,000
<PREFERRED-MANDATORY>                      100,737,000
<PREFERRED>                                          0
<COMMON>                                        90,000
<OTHER-SE>                                  35,270,000
<TOTAL-LIABILITY-AND-EQUITY>               301,897,000
<SALES>                                              0
<TOTAL-REVENUES>                            45,133,000
<CGS>                                       23,196,000
<TOTAL-COSTS>                               22,510,000
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,480,000
<INCOME-PRETAX>                            (2,053,000)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (2,053,000)
<EPS-PRIMARY>                                   (0.45)
<EPS-DILUTED>                                   (0.45)