<ARTICLE> 5
<CURRENCY> U.S. DOLLARS 
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<EXCHANGE-RATE>                                      1
<CASH>                                         521,447
<SECURITIES>                                         0
<RECEIVABLES>                                  279,126
<ALLOWANCES>                                         0
<INVENTORY>                                    149,245
<CURRENT-ASSETS>                               999,434
<PP&E>                                      11,999,529
<DEPRECIATION>                                 502,945
<TOTAL-ASSETS>                              14,936,672
<CURRENT-LIABILITIES>                        1,226,320
<BONDS>                                      6,811,807
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         3,701
<OTHER-SE>                                   6,894,844
<TOTAL-LIABILITY-AND-EQUITY>                14,936,672
<SALES>                                      1,364,782
<TOTAL-REVENUES>                             1,364,782
<CGS>                                                0
<TOTAL-COSTS>                                1,081,077
<OTHER-EXPENSES>                                38,000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             187,909
<INCOME-PRETAX>                                 68,894
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             68,894
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    68,894
<EPS-PRIMARY>                                      .02
<EPS-DILUTED>                                      .02