<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                       3,348,110
<SECURITIES>                                         0
<RECEIVABLES>                                  293,101
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             6,012,839
<PP&E>                                      61,500,165
<DEPRECIATION>                                 659,957
<TOTAL-ASSETS>                              67,874,729
<CURRENT-LIABILITIES>                       15,480,064
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        72,500
<OTHER-SE>                                  36,848,573
<TOTAL-LIABILITY-AND-EQUITY>                67,874,729
<SALES>                                              0
<TOTAL-REVENUES>                            23,647,283
<CGS>                                                0
<TOTAL-COSTS>                               24,113,975
<OTHER-EXPENSES>                             (837,222)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             278,667
<INCOME-PRETAX>                                 91,863
<INCOME-TAX>                                    84,000
<INCOME-CONTINUING>                              7,863
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     7,863
<EPS-PRIMARY>                                      .01
<EPS-DILUTED>                                      .01