<ARTICLE> 5
<LEGEND>
THIS FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE CONSOLIDATED STATEMENT OF OPERATIONS FOR THE FISCAL YEAR ENDED 
NOVEMBER 30, 1996 AND THE CONSOLIDATED BALANCE SHEET AS OF NOVEMBER 30, 1996 
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>   1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               NOV-30-1996
<CASH>                                          56,200
<SECURITIES>                                     8,995
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                        765
<CURRENT-ASSETS>                                73,929
<PP&E>                                         165,743
<DEPRECIATION>                                   3,143
<TOTAL-ASSETS>                                 280,698
<CURRENT-LIABILITIES>                           14,487
<BONDS>                                         34,933
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           156
<OTHER-SE>                                     190,199
<TOTAL-LIABILITY-AND-EQUITY>                   280,698
<SALES>                                          8,812
<TOTAL-REVENUES>                                 9,212
<CGS>                                            5,360
<TOTAL-COSTS>                                    5,360
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,120
<INCOME-PRETAX>                                  4,804
<INCOME-TAX>                                       387
<INCOME-CONTINUING>                              4,140
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,140
<EPS-PRIMARY>                                     0.26
<EPS-DILUTED>                                     0.26