<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM CONDENSED
CONSOLIDATED BALANCE SHEETS AND CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS FOUND ON PAGES 1 AND 2 OF THE COMPANY'S FORM 10-Q FOR THE
THREE MONTHS ENDED MARCH 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                          10,464
<SECURITIES>                                     9,800
<RECEIVABLES>                                    3,235
<ALLOWANCES>                                       474
<INVENTORY>                                        370
<CURRENT-ASSETS>                                65,150
<PP&E>                                         125,886
<DEPRECIATION>                                   9,496
<TOTAL-ASSETS>                                 215,021
<CURRENT-LIABILITIES>                           63,390
<BONDS>                                        166,145
<PREFERRED-MANDATORY>                           25,000
<PREFERRED>                                          0
<COMMON>                                             1
<OTHER-SE>                                    (17,301)
<TOTAL-LIABILITY-AND-EQUITY>                   215,021
<SALES>                                              0
<TOTAL-REVENUES>                                34,802
<CGS>                                                0
<TOTAL-COSTS>                                   40,777
<OTHER-EXPENSES>                                 (329)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               3,111
<INCOME-PRETAX>                                (8,424)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (8,424)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                        1,320
<NET-INCOME>                                  (10,299)
<EPS-PRIMARY>                                   (0.97)
<EPS-DILUTED>                                   (0.97)