<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION FROM THE CONSOLIDATED
BALANCE SHEET, CONSOLIDATED STATEMENT OF OPERATIONS, CONSOLIDATED STATEMENTS OF
CHANGES IN SHAREHOLDERS' INVESTMENT, CONSOLIDATED STATEMENTS OF CASH FLOWS AND
NOTES TO CONSOLIDATED STATEMENTS, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS AND NOTES TO CONSOLIDATED STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                       3,047,423
<SECURITIES>                                         0<F1>
<RECEIVABLES>                                  681,704
<ALLOWANCES>                                         0<F1>
<INVENTORY>                                    191,312
<CURRENT-ASSETS>                             5,164,810
<PP&E>                                      84,739,133
<DEPRECIATION>                               1,623,579
<TOTAL-ASSETS>                             102,856,365
<CURRENT-LIABILITIES>                        8,563,540
<BONDS>                                     83,423,682
<PREFERRED-MANDATORY>                                0<F1>
<PREFERRED>                                        295
<COMMON>                                         4,788
<OTHER-SE>                                  12,940,229
<TOTAL-LIABILITY-AND-EQUITY>               102,856,365
<SALES>                                      8,321,726
<TOTAL-REVENUES>                             8,321,726
<CGS>                                        5,974,510
<TOTAL-COSTS>                                5,974,510
<OTHER-EXPENSES>                                     0<F1>
<LOSS-PROVISION>                                     0<F1>
<INTEREST-EXPENSE>                           1,993,837
<INCOME-PRETAX>                              (529,693)
<INCOME-TAX>                                 (220,964)
<INCOME-CONTINUING>                          (308,729)
<DISCONTINUED>                                       0<F1>
<EXTRAORDINARY>                                      0<F1>
<CHANGES>                                            0<F1>
<NET-INCOME>                                 (341,663)
<EPS-PRIMARY>                                    (.08)
<EPS-DILUTED>                                        0<F1>
<FN>
<F1>IF INFORMATION REQUIRED BY THE APPLICABLE SCHEDULE IS NOT INCLUDED IN THE
UNDERLYING FINANCIAL DATA BECAUSE IT IS EITHER IMMATERIAL OR INAPPLICABLE, THE
VALUE "0" (ZERO) WILL BE RESPONDED TO THAT ITEM.
</FN>