<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 <PERIOD-START> JAN-01-1997 JAN-01-1996 <PERIOD-END> MAR-31-1997 MAR-31-1996 <CASH> 116,163 0 <SECURITIES> 0 0 <RECEIVABLES> 5,300 4,670 <ALLOWANCES> (1,763) (1,628) <INVENTORY> 0 0 <CURRENT-ASSETS> 0 0 <PP&E> 285,402 227,337 <DEPRECIATION> (111,791) (109,668) <TOTAL-ASSETS> 310,382 128,339 <CURRENT-LIABILITIES> 0 0 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 145 0 <OTHER-SE> 169,677 128,339 <TOTAL-LIABILITY-AND-EQUITY> 310,382 128,339 <SALES> 0 0 <TOTAL-REVENUES> 12,025 9,921 <CGS> 0 0 <TOTAL-COSTS> 5,906 5,032 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 3,426 5,227 <INCOME-PRETAX> 2,693 (338) <INCOME-TAX> 0 0 <INCOME-CONTINUING> 2,693 (338) <DISCONTINUED> 0 0 <EXTRAORDINARY> 3,204 0 <CHANGES> 0 0 <NET-INCOME> 5,354<F1> (338) <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0 <FN> <F1>NET INCOME IS AFTER EQUITY IN LOSS OF UNCONSOLIDATED SUBSIDIARY ($57) AND MINORITY INTEREST ($486). </FN>