<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                       2,973,445
<SECURITIES>                                         0
<RECEIVABLES>                                  102,416
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             4,370,534
<PP&E>                                      17,200,036
<DEPRECIATION>                               3,261,850
<TOTAL-ASSETS>                              23,268,607
<CURRENT-LIABILITIES>                        8,345,838
<BONDS>                                      3,571,017
<COMMON>                                        23,517
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     32,160
<OTHER-SE>                                  11,296,075
<TOTAL-LIABILITY-AND-EQUITY>                23,268,607
<SALES>                                              0
<TOTAL-REVENUES>                             5,671,141
<CGS>                                                0
<TOTAL-COSTS>                                5,224,269
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             196,775
<INCOME-PRETAX>                                250,097
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            250,097
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   250,097
<EPS-PRIMARY>                                      .01
<EPS-DILUTED>                                      .01