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

  


<ARTICLE>                     5
<LEGEND>
     This schedule  contains summary  financial  information  extracted from the
Consolidated  Statement  of  Financial  Condition  at December  31, 1996 and the
Consolidated Statement of Operations for the Year Ended December 31, 1996 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK>                         0000921178                   
<MULTIPLIER>                  1,000
       
                                         
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                              DEC-31-1996
<PERIOD-START>                                 JAN-01-1996
<PERIOD-END>                                   DEC-31-1996                             
<CASH>                                              15,490
<SECURITIES>                                             0
<RECEIVABLES>                                        1,621
<ALLOWANCES>                                           345
<INVENTORY>                                          1,198
<CURRENT-ASSETS>                                    20,584
<PP&E>                                             201,855
<DEPRECIATION>                                      28,736
<TOTAL-ASSETS>                                     223,718
<CURRENT-LIABILITIES>                               19,892
<BONDS>                                            181,081
<PREFERRED-MANDATORY>                               16,430
<PREFERRED>                                              0
<COMMON>                                                29
<OTHER-SE>                                           6,286
<TOTAL-LIABILITY-AND-EQUITY>                       223,718
<SALES>                                            161,707
<TOTAL-REVENUES>                                   174,234
<CGS>                                               65,941
<TOTAL-COSTS>                                       65,941
<OTHER-EXPENSES>                                    69,143
<LOSS-PROVISION>                                       194
<INTEREST-EXPENSE>                                  22,170
<INCOME-PRETAX>                                      6,208
<INCOME-TAX>                                            69
<INCOME-CONTINUING>                                  6,139
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                         6,139
<EPS-PRIMARY>                                          .15
<EPS-DILUTED>                                          .15