WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

       

<ARTICLE>                     5
<LEGEND>
     This schedule  contains summary  financial  information  extracted from the
Condensed  Consolidated  Statement  of  Financial  Condition  at March 31,  1996
(Unaudited)  and the  Condensed  Consolidated  Statement of Income for the Three
Months  Ended March 31, 1996  (Unaudited)  and is  qualified  in its entirety by
reference to such financial statements.
</LEGEND>
<CIK>                         0000921178                     
<MULTIPLIER>                  1,000
       
                           
<PERIOD-TYPE>                 3-MOS
<FISCAL-YEAR-END>                              DEC-31-1995
<PERIOD-START>                                 JAN-01-1996
<PERIOD-END>                                   MAR-31-1996
<CASH>                                              31,906
<SECURITIES>                                             0
<RECEIVABLES>                                        1,218
<ALLOWANCES>                                           442
<INVENTORY>                                            899
<CURRENT-ASSETS>                                    36,070
<PP&E>                                             179,672
<DEPRECIATION>                                      20,358
<TOTAL-ASSETS>                                     222,562
<CURRENT-LIABILITIES>                               26,393
<BONDS>                                            176,595
<PREFERRED-MANDATORY>                               15,091
<PREFERRED>                                              0
<COMMON>                                                29
<OTHER-SE>                                           4,454
<TOTAL-LIABILITY-AND-EQUITY>                       222,562
<SALES>                                             38,664
<TOTAL-REVENUES>                                    41,395
<CGS>                                               15,321
<TOTAL-COSTS>                                       15,321
<OTHER-EXPENSES>                                    15,303
<LOSS-PROVISION>                                        53
<INTEREST-EXPENSE>                                   5,320
<INCOME-PRETAX>                                      3,092
<INCOME-TAX>                                           124
<INCOME-CONTINUING>                                  2,968
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                         2,968
<EPS-PRIMARY>                                          .09
<EPS-DILUTED>                                          .09