<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE SHEET 
AT JANUARY 31, 1997 AND THE STATEMENT OF OPERATIONS FOR THE YEAR ENDED JANUARY 
31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL 
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JAN-31-1997
<PERIOD-START>                             FEB-01-1996
<PERIOD-END>                               JAN-31-1997
<CASH>                                             613
<SECURITIES>                                         0
<RECEIVABLES>                                       22
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 1,289
<PP&E>                                         555,816
<DEPRECIATION>                                  16,930
<TOTAL-ASSETS>                                 564,241
<CURRENT-LIABILITIES>                          408,307
<BONDS>                                              0
<COMMON>                                           300
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      81,063
<TOTAL-LIABILITY-AND-EQUITY>                   564,241
<SALES>                                         10,857
<TOTAL-REVENUES>                                10,857
<CGS>                                           11,544
<TOTAL-COSTS>                                   65,852
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               4,663
<INCOME-PRETAX>                                  9,406
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              9,406
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     9,406
<EPS-PRIMARY>                                     0.25
<EPS-DILUTED>                                        0