<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> 9-MOS 9-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 <PERIOD-START> JAN-01-1997 JAN-01-1996 <PERIOD-END> SEP-30-1997 SEP-30-1996 <CASH> 74,890 0 <SECURITIES> 0 0 <RECEIVABLES> 4,010 4,670 <ALLOWANCES> (246) (1,628) <INVENTORY> 0 0 <CURRENT-ASSETS> 0 0 <PP&E> 587,178 227,337 <DEPRECIATION> (117,552) (109,668) <TOTAL-ASSETS> 572,544 128,339 <CURRENT-LIABILITIES> 0 0 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 245 0 <OTHER-SE> 391,853 128,339 <TOTAL-LIABILITY-AND-EQUITY> 572,544 128,339 <SALES> 0 0 <TOTAL-REVENUES> 45,701 29,701 <CGS> 0 0 <TOTAL-COSTS> 22,310 18,770 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 8,609 16,234 <INCOME-PRETAX> 14,782 (5,303) <INCOME-TAX> 0 0 <INCOME-CONTINUING> 14,782 (5,303) <DISCONTINUED> 0 0 <EXTRAORDINARY> 3,204 20,095 <CHANGES> 0 0 <NET-INCOME> 15,942<F1> 14,792 <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0 <FN> <F1>NET INCOME IS AFTER EQUITY IN INCOME OF UNCONSOLIDATED SUBSIDIARY OF $187 AND MINORITY INTEREST OF ($2,231). </FN>