<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1997
<CASH>                                       2,310,188
<SECURITIES>                                         0
<RECEIVABLES>                                  552,044
<ALLOWANCES>                                     3,276
<INVENTORY>                                    100,970
<CURRENT-ASSETS>                             3,725,529
<PP&E>                                      64,768,037
<DEPRECIATION>                               7,165,988
<TOTAL-ASSETS>                              63,097,444
<CURRENT-LIABILITIES>                        8,392,419
<BONDS>                                     43,648,376
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         7,179
<OTHER-SE>                                  11,056,649
<TOTAL-LIABILITY-AND-EQUITY>                63,097,444
<SALES>                                      2,301,780
<TOTAL-REVENUES>                            19,913,752
<CGS>                                        1,288,997
<TOTAL-COSTS>                               17,094,250
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           3,585,234<F1>
<INCOME-PRETAX>                              (688,466)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (688,466)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (688,466)
<EPS-PRIMARY>                                    (.09)
<EPS-DILUTED>                                    (.09)
<FN>
<F1>Net of interest capitalized of $402,286
</FN>