<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS FOUND ON
PAGES 1 AND 2 OF THE COMPANY'S FORM 10-Q FOR THE YEAR-TO-DATE, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                          17,244
<SECURITIES>                                     3,062
<RECEIVABLES>                                    1,290
<ALLOWANCES>                                      (11)
<INVENTORY>                                        192
<CURRENT-ASSETS>                                23,310
<PP&E>                                          87,282
<DEPRECIATION>                                 (2,476)
<TOTAL-ASSETS>                                 135,616
<CURRENT-LIABILITIES>                            9,719
<BONDS>                                         78,669
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             1
<OTHER-SE>                                      32,745
<TOTAL-LIABILITY-AND-EQUITY>                   135,616
<SALES>                                              0
<TOTAL-REVENUES>                                28,573
<CGS>                                                0
<TOTAL-COSTS>                                   29,018
<OTHER-EXPENSES>                                   121
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,537
<INCOME-PRETAX>                                (2,103)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (2,103)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (2,103)
<EPS-PRIMARY>                                   (0.19)
<EPS-DILUTED>                                   (0.19)