<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from
the financial statements of Flagstar Companies, Inc. as contained
in its Form 10-Q for the quarterly period ended September 30, 1995
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                          86,636
<SECURITIES>                                         0
<RECEIVABLES>                                   26,543
<ALLOWANCES>                                     3,843
<INVENTORY>                                     37,693
<CURRENT-ASSETS>                               241,464
<PP&E>                                       1,769,026
<DEPRECIATION>                                 624,229
<TOTAL-ASSETS>                               1,506,715
<CURRENT-LIABILITIES>                          341,977
<BONDS>                                      2,012,193
<COMMON>                                        21,185
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        630
<OTHER-SE>                                 (1,125,329)
<TOTAL-LIABILITY-AND-EQUITY>                 1,506,715
<SALES>                                              0
<TOTAL-REVENUES>                             1,994,826
<CGS>                                                0
<TOTAL-COSTS>                                1,851,066
<OTHER-EXPENSES>                                   884
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             173,982
<INCOME-PRETAX>                               (31,106)
<INCOME-TAX>                                       400
<INCOME-CONTINUING>                           (31,506)
<DISCONTINUED>                                     657
<EXTRAORDINARY>                                    466
<CHANGES>                                            0
<NET-INCOME>                                  (30,383)
<EPS-PRIMARY>                                   (0.97)
<EPS-DILUTED>                                   (0.97)